Akebia Therapeutics Inc. is a biopharmaceutical company that specializes in the development and commercialization of therapies for patients with kidney diseases. The company is based in Cambridge, Massachusetts and was founded in 2007.
Akebia's primary product is vadadustat, an oral hypoxia-inducible factor (HIF) stabilizer that is designed to treat anemia associated with chronic kidney disease (CKD). Vadadustat works by stimulating the production of red blood cells, which can help improve the symptoms associated with anemia.
One of the key strengths of Akebia is their focus on CKD. The company is committed to developing innovative therapies that can improve the lives of patients with kidney diseases. This focus has allowed Akebia to become a trusted partner in the healthcare industry, and has helped to build strong relationships with patients, healthcare providers, and other stakeholders.
In addition to their focus on CKD, Akebia also places a strong emphasis on research and development. The company invests heavily in R&D, with a focus on developing new therapies and solutions that can address unmet medical needs in the kidney disease space. This approach has allowed Akebia to stay at the forefront of the rapidly-evolving biopharmaceutical industry.
Financially, Akebia has a strong track record of growth and profitability. The company reported revenue of $218 million in 2020, an increase of 6% over the previous year. Net income for the same period was $9.2 million, an increase of 139% over the previous year.
Akebia Therapeutics Inc. is a biopharmaceutical company that is focused on the development and commercialization of therapies for patients with kidney diseases. The company's focus on CKD, commitment to research and development, and strong financial performance make them an attractive partner for healthcare providers, patients, and investors seeking exposure to the biopharmaceutical industry. With their extensive experience and investment in R&D, Akebia is well-positioned to continue to develop innovative solutions that can improve the lives of patients with kidney diseases.