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Akebia Therapeutics

Latest Headlines

Latest Headlines

UPDATED: Akebia craters as adverse events cloud positive PhIIb anemia data

Procter & Gamble spinoff Akebia Therapeutics rolled out a batch of promising Phase IIb efficacy data for its experimental anemia drug today, but investors who came in early this year to back the biotech's IPO in the belief that it holds the key to a potential blockbuster were dinged with signs of safety issues.

Biotech's breathless quarter of IPOs brings in $2.1B for R&D

Back in January, at the annual J.P. Morgan Healthcare Conference, across hotel lobbies and crowded hallways and standing-room-only cafes, one could hardly escape talk about the biotech IPO boom.

Biotechs bag $170M in IPO cash as a booming quarter winds down

Drug developers Akebia Therapeutics and MediWound banked a combined $170 million in their Wall Street debuts, stacking cash for their lead programs and taking advantage of a banner quarter for biotech IPOs.

Akebia swings for a $75M IPO to get its anemia drug into Phase III

Cambridge, MA's Akebia Therapeutics is lining up for a $75 million Wall Street debut, looking to raise cash and get its promising anemia drug into late-stage development.

Akebia snags $41M financing in anemia-drug race with GlaxoSmithKline, others

Today the company disclosed a $41 million Series C financing amid plans for a Phase IIb study later this year for AKB-6548, which is among a potential blockbuster class of oral drugs that could serve as safer alternatives to EPO therapies for anemia patients such as Amgen's Aranesp.

Cincy biotech spinoff snags $27M A round for vascular drug work

Aerpio Therapeutics, which split off from Akebia late last year, says it will use the money to fund a Phase Ib/IIa study of AKB-9778 for diabetic macular edema as well as a larger Phase II to hopefully nail down its proof-of-concept data.

Akebia lands $22M round for lead anemia program

Cincinnati, OH-based Akebia Therapeutics is pocketing $22 million in venture funds assigned to its second round. The money is being earmarked for work on new treatments for anemia and vascular