Akebia Therapeutics, Inc., established in 2007 and headquartered in Cambridge, Massachusetts, is a biopharmaceutical company focused on discovering and commercializing therapies for patients suffering from kidney diseases. The firm's leading experimental drug, vadadustat, is an oral treatment currently in Phase III clinical trials. Its purpose is to address anemia resulting from chronic kidney disease (CKD) in adult patients, encompassing both those dependent on dialysis and those who are not. Akebia also markets Auryxia, a ferric citrate product used to manage serum phosphorus levels in adult CKD patients undergoing dialysis, and to treat iron deficiency anemia in adult CKD patients who are not on dialysis. The company has several key collaboration agreements: with Otsuka Pharmaceutical Co. Ltd. for vadadustat's development and commercialization across major regions including the United States, European Union, Russia, China, Australia, Canada, and the Middle East; with Mitsubishi Tanabe Pharma Corporation for vadadustat in Japan and other Asian territories; and a research and licensing deal with Janssen Pharmaceutica NV pertaining to hypoxia-inducible factor prolyl hydroxylase targeted compounds globally.
Akebia Therapeutics Reports Second Quarter 2026 Financial Results and Business Highlights
Akebia reported Q2 total revenue of $49.1 million, down from $62.5 million year-over-year, as growth in Vafseo sales to $21.3 million was offset by a decline in Auryxia revenue due to generic competition.
Operational highlights include positive interim data from the VOICE trial showing improved safety outcomes for Vafseo versus ESAs, and the initiation of a Phase 2 trial for ebribafusp in rare kidney diseases.
The company recorded a net loss of $8.9 million, including a $1.9 million restructuring charge, and ended the quarter with $155.5 million in cash.