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Akebia Q2 2026: Vafseo revenue $21.3M (+34% QoQ); net loss $8.9M
Vafseo net product revenue $21.3M in Q2 2026, up 34% from Q1; over 10,500 patients on therapy.
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VOICE trial interim analysis shows Vafseo superior to ESA on composite endpoint; trial stopped
Win odds 1.16 (95% CI 1.06-1.28, p=0.0016) for all-cause mortality/hospitalization composite.
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Akebia shareholders approve increase in authorized shares from 375M to 525M
Authorized common stock increased from 350M to 500M shares; total authorized capital from 375M to 525M.
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Akebia posts Q1 net loss of $9.1M; Vafseo revenue rises to $15.8M, patients up 60%
Net loss of $9.1M in Q1 2026 vs net income of $6.1M in Q1 2025; total revenues $53.5M, down from $57.3M.
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Akebia appoints Philip Vickers to board, replacing retiring Steven Gilman
Steven Gilman resigned as Class I director effective April 1, 2026; retirement not due to any disagreement.
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Akebia Q4 net product revenue $54.3M, full-year 2025 up 49% YoY; Vafseo launch gains traction
Q4 total revenue $57.6M (FY2025 $236.2M); net loss narrowed to $12.2M Q4 and $5.3M full year.
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Akebia leases 43,474 sq ft in Waltham for HQ; amends CEO/CFO severance
Leases 28,518 sq ft office + 14,956 sq ft lab at 180 Third Ave, Waltham, MA; HQ relocation planned for Sept 2026.
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Akebia expects Q4 2025 Vafseo net revenue $5-6M; dosed first patient in praliciguat Phase 2
Vafseo Q4 net product revenue expected $5-6M (vs. underlying dosing demand $10.5-11.5M) due to $4.5-5M inventory adjustment at USRC.
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Akebia buys ADX-097 from Q32 Bio for $10M upfront (total up to $582M milestones); plans Phase 2 trials in 2026
Upfront $7M paid at closing, additional $3M due in 6 months; development milestones up to $94.5M and commercial milestones up to $487.5M, plus tiered royalties from low single to mid-teen %.
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Akebia amends Medice license to supply vadadustat and grant manufacturing rights
Amendment #1 to License Agreement signed Nov 12, 2025 with MEDICE Arzneimittel Putter GmbH & Co. KG.
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Akebia Q3 net income $0.5M; Vafseo revenue $14.3M; DaVita pilot ongoing
Q3 total revenue $58.8M (up 57% YoY vs $37.4M); net income $0.5M vs net loss $20.0M in Q3 2024.
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Akebia abandons Vafseo broad label pursuit for non-dialysis CKD after FDA alignment failure
Akebia will not initiate the VALOR trial for vadadustat in late-stage CKD not on dialysis after FDA feedback.
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Akebia Q2 2025 net income $0.2M vs loss; Vafseo rev $13.3M, DaVita pilot in 100+ clinics
Net income $0.2M (vs net loss of $8.6M in Q2 2024); total revenue $62.5M, up 43%.
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Akebia shareholders approve 18.9M share increase to 2023 Stock Incentive Plan
Shareholders approved amendment to 2023 Stock Incentive Plan to increase shares by 18,900,000 (102.75M for, 48.21M against).
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Akebia posts Q1 2025 net income of $6.1M; Vafseo launch generates $12.0M in net product rev
Total Q1 2025 net product revenues $55.8M, up 80% YoY; Vafseo contributed $12.0M in first quarter of U.S. launch.
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Akebia prices 25M-share public offering at $2.00/share, expects $46.5M net proceeds
Underwritten public offering of 25M shares at $2.00/share; gross proceeds $50M.
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Akebia Q4 net loss $22.8M; expects Vafseo Q1 2025 revenue ~$10-11M
Total revenues Q4 $46.5M, down 17% YoY; Auryxia net revenue $44.4M vs $53.2M.
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Akebia draws $9.3M net from extended loan tranche; issues warrant for 1.15M shares
Extended Tranche C expiry from Dec 31, 2024 to Feb 3, 2025; interest accrues from Dec 31, 2024.
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Akebia guides cash runway of at least two years, funding Vafseo launch and pipeline
Expects existing cash and cash from ops to fund current plan for at least two years.
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Akebia Q3 2024 net loss $20M; Vafseo launch on track for Jan 2025 with 60% dialysis patient coverage
Total revenues $37.4M in Q3 2024 vs $42.0M in Q3 2023, driven by Auryxia volume decline.
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Akebia signs multi-year supply agreement with leading dialysis org for Vafseo access
Contract with a leading kidney care provider serving >200,000 patients at thousands of U.S. dialysis centers.
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Akebia extends vadadustat supply agreement with STA through 2032
Amendment #1 to Supply Agreement with STA extended term to January 1, 2032.
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Akebia Q2 2024 net loss narrows to $8.6M; Vafseo launch on track for Jan 2025
Total revenues $43.6M (down 23% YoY); Auryxia net product rev $41.2M vs $42.2M in Q2 2023.
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Akebia terminates Vafseo license with CSL Vifor, sets royalty payments and buy-down option
License agreement terminated immediately for business reasons; Akebia regains full U.S. marketing rights for Vafseo.
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Akebia Therapeutics appoints Erik Ostrowski as CFO and Chief Business Officer
Erik Ostrowski appointed Senior VP, CFO, Chief Business Officer and Treasurer, effective June 24, 2024.
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Akebia Therapeutics shareholders reject proposal to increase share reserve by 9.8M shares
Three Class I directors elected: Ronald E. Frieson, Steven C. Gilman, Ph.D., Cynthia Smith.
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Akebia Q1 net loss narrows to $18M; Vafseo FDA approved, launch set for Jan 2025
Total revenues $32.6M (Q1 2024) vs $40.0M (Q1 2023); Auryxia net product revenues $31.0M vs $34.7M.
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Akebia draws $8.0M Tranche B from Kreos loan facility; $10.0M Tranche C still available
Akebia drew $8.0M Tranche B loan on April 17, 2024, netting $7.5M after debt issuance costs and fees.
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Akebia extends vadadustat supply agreement with STA to 2029
Amendment #2 extends Supply Agreement term to April 2, 2029 (five additional years).
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Akebia Therapeutics receives FDA approval for Vafseo (vadadustat) for dialysis patients
FDA approved Vafseo for anemia due to CKD in adults on dialysis ≥3 months; boxed warning for thrombosis risks.
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Akebia CFO Ellen Snow to depart March 22; CEO John Butler named interim principal financial officer
CFO Ellen Snow and company mutually agree on transition; effective March 22, 2024.
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Akebia reports Q4 2023 net income $0.6M, Auryxia $53.2M; vadadustat PDUFA Mar 27
Net income of $0.6M in Q4 2023 vs net loss $6.1M a year ago; full-year net income $51.9M vs loss $94.2M in 2022.
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Akebia extends separation dates for COO Dahan to June 28 and CLO Hadas to June 14
COO Michel Dahan's separation extended from March 22 to June 28, 2024.
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Akebia secures $55M Kreos term loan, draws $37M initial, issues warrants at $1.30, repays Pharmakon debt
Initial draw of $37M under senior secured term loan; up to $55M total with two additional tranches contingent on vadadustat FDA approval and equity proceeds.
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Akebia discloses preliminary unaudited Auryxia net product revenue for FY2023 in JPM conference presentation
Presentation at 42nd Annual J.P. Morgan Healthcare Conference on Jan 11, 2024 includes preliminary Auryxia revenue.
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Akebia Therapeutics appoints Richard Malabre as Chief Accounting Officer
Richard C. Malabre named CAO effective January 8, 2024, reporting to CFO Ellen Snow.
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Akebia extends manufacturing supply agreement with Siegfried through 2026
Exercised option to extend Master Manufacturing Services and Supply Agreement with Siegfried Evionnaz SA.
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Akebia settles all patent disputes with FibroGen and Astellas in EU, UK, Japan
Settlement covers European (UK) Patent Nos. 2289531, 1463823, 2322155, 1633333, 2322153, 2298301 and Japanese Patent Nos. 4845728, 5474741, 5474872.
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Akebia Q3 net loss $14.5M, Auryxia rev $40.1M, vadadustat PDUFA Mar 27, 2024
Net loss improved to $14.5M from $54.1M in Q3 2022; total revenue $42.0M, down from $48.7M.
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Akebia extends loan maturity to March 2025, removes SOFR cap
Extended maturity of $35M Term Loans from Nov 2024 to March 31, 2025.
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FDA accepts Akebia's resubmitted NDA for vadadustat; PDUFA date March 27, 2024
Resubmission classified as class 2 response; six-month review period from resubmission date.
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Akebia extends Chief Legal Officer's departure date to March 29, 2024, with possible further extension
Nicole R. Hadas, SVP, Chief Legal Officer and Corporate Secretary, will now separate on March 29, 2024 (previously October 6, 2023).
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Akebia: Vafseo approved in Australia; Auryxia 2023 revenue guidance lowered to $170-175M
Australia's TGA approved Vafseo (vadadustat) for anemia in dialysis patients; product now approved in 35 countries.
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Akebia reports Q2 net loss $11.2M, plans vadadustat NDA resubmission by Q3 end
Net product revenue Auryxia $42.2M (-2.5% YoY); reaffirms FY 2023 guidance $175-180M.
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Akebia receives Nasdaq deficiency notice for late Q2 filing; plans to file by Aug 25
Form 10-Q for Q2 2023 not filed on time; Nasdaq gave non-compliance notice on Aug 11, 2023.
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Akebia delays Form 10-Q filing due to accounting errors; reaffirms 2023 revenue guidance
Identified accounting errors in recording Auryxia return reserves, delaying Q2 2023 Form 10-Q filing.
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Akebia extends COO Dahan and CLO Hadas separation dates to 2024
COO Michel Dahan termination extended to March 22, 2024 (could extend to Sept 22, 2024 under certain events).
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Akebia completes FDA Type A meeting; expects to resubmit vadadustat NDA by Q3 2023
Completed End of Dispute Type A meeting with FDA to align on NDA resubmission for vadadustat for anemia due to CKD in dialysis patients.
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CFO David Spellman resigns; Ellen Snow appointed as new CFO effective July 17, 2023
David Spellman resigns as CFO, effective June 23, 2023; will receive 12 months base salary continuation and COBRA reimbursement.
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Akebia shareholders elect three directors, approve 2023 stock plan at annual meeting
Class III directors Adrian Adams, Michael Rogers, LeAnne M. Zumwalt elected for three-year terms.