Akebia Announces Fourth Quarter And Full-Year 2016 Financial Results
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Akebia Therapeutics, Inc. (NASDAQ:AKBA), a biopharmaceutical company focused on delivering innovative therapies to patients with kidney disease through the biology of hypoxia-inducible factor (HIF), today announced financial results for the fourth quarter and full year ended December 31, 2016.
“Over the last year, we continued to advance our global Phase 3 development program for vadadustat,” said John P. Butler, President and Chief Executive Officer of Akebia. “In addition, we established two major collaborations that provide capital to fund the Phase 3 trials. These collaborations position vadadustat for a strong market introduction upon approval by the regulatory authorities.”
“Over the last year, we continued to advance our global Phase 3 development program for vadadustat,” said John P. Butler, President and Chief Executive Officer of Akebia. “In addition, we established two major collaborations that provide capital to fund the Phase 3 trials. These collaborations position vadadustat for a strong market introduction upon approval by the regulatory authorities.”