Akebia Receives Positive CHMP Opinion in Europe for Vafseo

(24/7 MARKET NEWS) – Akebia Therapeutics, Inc. (NASDAQ: AKBA) stated, after yesterday’s market close, that the European Medicines Agency’s Committee for Medicinal Products for Human Use (CHMP) adopted a positive opinion recommending the European Commission (EC) to approve Vafseo (vadadustat), an oral hypoxia-inducible factor prolyl hydroxylase (HIF-PH) inhibitor for the treatment of symptomatic anaemia associated with chronic kidney disease (CKD) in adults on chronic maintenance dialysis. The EC will review the CHMP recommendation and deliver a final decision in approximately two months. The decision will be applicable to all 27 European Union member states plus Iceland, Norway and Liechtenstein.

Akebia Therapeutics is at $0.84, up $0.10 (+13.51%), on trading volume of 1.6 million premarket shares.

Its 52-week trading range is $0.241 to 2.93. It’s been moving in waves and its next key inflection points are $0.91 and $1.20.

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