Akebia Therapeutics shares are trading higher after the company announced it signed a multi-year commercial contract with one of the nation's leading providers of kidney care services. Allowing the company to expand access to Vafseo for patients on dialysis by enabling physicians to prescribe it as clinically appropriate.
Portfolio Pulse from Benzinga Newsdesk
Akebia Therapeutics' stock rises following a new multi-year commercial contract with a major kidney care provider, enhancing access to its drug Vafseo for dialysis patients.
October 22, 2024 | 4:34 pm
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Akebia Therapeutics has signed a multi-year commercial contract with a leading kidney care provider, which will expand access to its drug Vafseo for dialysis patients. This development is likely to positively impact the company's stock in the short term.
The new contract with a leading kidney care provider is a significant partnership for Akebia Therapeutics, as it expands the market reach of its drug Vafseo. This is likely to increase revenue potential and investor confidence, leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100