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2 clusters · 4 sources · 3 days · First seen · Last updated
Akebia Therapeutics Q2 financial and clinical results
Overview
Akebia Therapeutics reported second-quarter results characterized by a significant divergence in product performance. Revenue for its anemia drug, Vafseo, grew 60% year-over-year to $21.3 million, supported by a 41% sequential increase in active patients. Conversely, total company revenue fell 21.5% to $49.1 million, largely due to Auryxia sales dropping from $47.2 million to $25.5 million amid pricing pressure and generic competition.
The company also shared results from its VOICE trial involving 2,116 patients. The study met predefined stopping criteria, showing a statistically significant 10% reduction in the composite endpoint of all-cause mortality and hospitalization. CEO John Butler stated the results “confirmed the drug’s efficacy and supported continued commercial expansion.”
Entities
McCormick & Company, Incorporated · Akebia Therapeutics · Auryxia · John Butler · VOICE trial
Timeline
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2 days ago
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5 days ago
[BUSINESS] 2 sourcesAkebia Therapeutics reports Vafseo growth and Auryxia sales decline in Q2Akebia Therapeutics posted Q2 growth for Vafseo, with revenue up 60% to $21.3 M and 10,500 patients, while Auryxia sales fell 46% to $25.5 M. An interim VOICE trial showed mortality and hospitalization cuts, sp
Sources
it-boltwise.de · seekingalpha.com · stocknews.com · stocktitan.net