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Sep 30, 2020
Akebia Q3 2020 Earnings Report
Reported financial results and business updates for Q3 2020, including completion of a pre-NDA meeting with the FDA for vadadustat.
Key Takeaways
Akebia Therapeutics reported a total revenue of $60.0 million for the third quarter of 2020, compared to $92.0 million for the third quarter of 2019. The net loss for the quarter was $60.0 million, compared to $54.6 million for the same period in 2019. The company's cash, cash equivalents, and available-for-sale securities totaled $269.3 million as of September 30, 2020.
Presented positive global Phase 3 data for vadadustat from the INNO2VATE program at ASN Kidney Week.
Completed pre-NDA meeting with the FDA and remain on track to submit vadadustat NDA.
Launched vadadustat in Japan by Mitsubishi Tanabe Pharma Corporation (MTPC) as a treatment for anemia due to CKD.
Akebia and Otsuka launched Balancing Anemia Due to CKD, a campaign to increase awareness and education of anemia due to CKD among healthcare providers.
Revenue by Segment
Forward Guidance
Akebia plans to submit a New Drug Application (NDA) to the FDA for vadadustat as early as possible in 2021 for two indications: (1) the treatment of anemia due to CKD in adult patients on dialysis, and (2) the treatment of anemia due to CKD in adult patients not on dialysis.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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