Akebia Therapeutics shares are trading higher after the FDA approved Vafseo tablets for treatment of anemia due to chronic kidney disease in adult patients on dialysis.
Portfolio Pulse from Benzinga Newsdesk
Akebia Therapeutics' stock price increased following the FDA's approval of Vafseo tablets, a treatment for anemia caused by chronic kidney disease in adults on dialysis.
March 28, 2024 | 11:24 am
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POSITIVE IMPACT
Akebia Therapeutics' shares surged after the FDA approved its Vafseo tablets for anemia treatment in chronic kidney disease patients on dialysis.
The FDA approval of Vafseo tablets directly impacts Akebia Therapeutics by potentially increasing its market share and revenue, leading to a positive investor sentiment and a likely increase in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100