Akebia Therapeutics Inc
NASDAQ:AKBA

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Akebia Therapeutics Inc Logo
Akebia Therapeutics Inc
NASDAQ:AKBA
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Price: 2.04 USD 1.49% Market Closed
Market Cap: 540.9m USD
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Akebia Therapeutics Inc
Investor Relations

Akebia Therapeutics, Inc. is a biopharmaceutical company, which engages in the development and commercialization of therapeutics for patients with kidney diseases. The company is headquartered in Cambridge, Massachusetts and currently employs 426 full-time employees. The company went IPO on 2014-03-20. The firm is focused on producing medicines for people living with kidney disease. Its lead product candidate, vadadustat, is an oral therapy in development for the treatment of anemia due to chronic kidney disease (CKD). Vadadustat is an oral hypoxia-inducible factor prolyl hydroxylase inhibitor (HIF-PHI), designed to mimic the physiologic effect of altitude on oxygen availability. In addition, it has a commercial product, Auryxia (ferric citrate), which is marketed for two indications in the United States: the control of serum phosphorus levels in adult patients with dialysis-dependent (DD)-CKD or the hyperphosphatemia indication, and the treatment of iron deficiency anemia (IDA), in adult patients with non-dialysis dependent (NDD)-CKD or the IDA indication. Its ferric citrate is also approved and marketed in Japan as an oral treatment for the improvement of hyperphosphatemia in patients with CKD.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Aug 7, 2025
AI Summary
Q2 2025

Vafseo Launch: Vafseo revenue reached $13.3 million in Q2, up 55% from Q1, with rapid progress in gaining access to more dialysis patients.

Patient Access Expansion: Prescribing access is expected to rise from 40,000 to over 75,000 dialysis patients in Q3, and to more than 275,000 by Q4 with the DaVita rollout.

Record Revenues: Akebia achieved $62.5 million in total revenue and $60.5 million in net product revenue, both up sharply year-over-year and the highest in company history.

Auryxia Resilience: Auryxia sales were strong at $47.2 million despite loss of IP exclusivity, though management remains cautious about future generic competition.

Profitability Reached: The company posted $247,000 in net income for Q2, swinging from a net loss last year.

Solid Cash Position: Ended Q2 with $137.3 million in cash and equivalents, expected to fund operations to profitability.

Clinical Pipeline Progress: Key Vafseo trials (VOICE, VOCAL) are advancing, and Akebia is working to start the VALOR Phase III trial for label expansion in nondialysis CKD by year-end.

Key Financials
Revenue
$62.5 million
Net Product Revenue
$60.5 million
Vafseo Revenue
$13.3 million
Auryxia Revenue
$47.2 million
Cost of Goods Sold
$9.9 million
R&D Expenses
$11 million
SG&A Expenses
$26.6 million
Net Income
$247,000
Cash and Cash Equivalents
$137.3 million
Vafseo Prescribing Access
40,000 patients in Q1/Q2, 75,000 expected in Q3, 275,000 expected in Q4
Number of Prescribers
725 in Q2
Average Prescriptions per Prescriber
13.3
Refill Rate
>80% of prescriptions
Adherence Rate
70%–80%
Average Dose Increase (Vafseo Refills)
28% above starting dose
Earnings Call Recording
Other Earnings Calls

Management

Mr. John P. Butler MBA
CEO, President & Director
No Bio Available
Dr. Steven Keith Burke M.D.
Senior VP of Research & Development and Chief Medical Officer
No Bio Available
Mr. Erik John Ostrowski M.B.A.
Senior VP, CFO & Chief Business Officer
No Bio Available
Mr. Richard C. Malabre
Chief Accounting Officer
No Bio Available
Ms. Kimberly Garko
Senior VP & Chief Technical Officer
No Bio Available
Ms. Tracey Vetterick
Vice President of Portfolio Strategy & Corporate Administration
No Bio Available
Mercedes Carrasco
Senior Director of Investor & Corporate Communications
No Bio Available
Ms. Carolyn Rucci
Senior VP of Legal, General Counsel & Secretary
No Bio Available
Ms. Meredith Bowman
Senior VP & Chief People Officer
No Bio Available
Mr. Nicholas Grund
Senior VP & Chief Commercial Officer
No Bio Available

Contacts

Address
MASSACHUSETTS
Cambridge
245 1st St
Contacts
+16178712098.0
akebia.com