Loading organizations...

§ Private Profile · Cambridge, MA, USA
Biopharmaceutical company developing and commercializing oral therapies for kidney disease, focused on CKD anemia.
Akebia Therapeutics is a Cambridge, Massachusetts-based biopharmaceutical company led by Chief Executive Officer John Butler that develops and commercializes targeted oral therapeutics for patients managing chronic kidney disease. The publicly traded enterprise operates with approximately 300 employees and generated $170.3 million in total revenue during the 2023 fiscal year. Founded in 2007 by Marc Otte and Doug Harker around assets originally licensed from Procter and Gamble Pharmaceuticals, the firm secured early venture capital funding before raising $100 million in a 2014 initial public offering. Akebia expanded its commercial pipeline by acquiring Keryx Biopharmaceuticals in 2017 to add Auryxia, and its major institutional shareholders currently include BlackRock and Vanguard Group. The organization secured Food and Drug Administration approval for its anemia drug Vafseo in March 2024 to treat adults on dialysis, following a European Commission authorization in April 2023.
Akebia Therapeutics has raised $148.1M across 6 funding rounds.
Akebia Therapeutics has raised $148.1M in total across 6 funding rounds.
Akebia Therapeutics has raised $148.1M across 6 funding rounds. Most recently, it raised $55.0M Debt in January 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 30, 2024 | $55M Debt Financing | BlackRock | — | Announced |
| Jun 1, 2013 | $41M Series C | Jack Nielsen, Muneer A. Satter | Cincy Tech, Frazier Healthcare Partners, Vivo Capital | Announced |
| Jan 9, 2012 | $4.1M Series B Plus | — | Agechem, Athenian Venture Partners, DRX Capital, Kearny Venture Partners, Sigvion Capital, Triathlon Medical Ventures, Venture Investors | Announced |
| Apr 1, 2011 | $22M Series B | Novartis, Venture Investors | Cincy Tech, Agechem, Athenian Venture Partners, Kearny Venture Partners, Sigvion Capital, Triathlon Medical Ventures | Announced |
| Jun 21, 2010 | $1M Venture Round | — | — | Announced |
| Jul 1, 2009 | $25M Series A | DRX Capital, Venture Investors | Cincy Tech, Athenian Venture Partners, Kearny Venture Partners, Sigvion Capital, John M. Rice | Announced |
Akebia Therapeutics is a biopharmaceutical company, not a general technology company, specializing in therapies for kidney disease. Founded in 2007 and headquartered in Cambridge, Massachusetts, it develops and commercializes innovative treatments targeting unmet needs in renal care, particularly anemia associated with chronic kidney disease (CKD).[1][2][3][4] The company serves patients with kidney disease, nephrologists, dialysis centers, and the broader renal community through two FDA-approved products and a late-stage pipeline candidate like vadadustat, an oral therapy leveraging hypoxia-inducible factor (HIF) biology to address anemia in both dialysis and non-dialysis CKD patients.[2][3][4] Its growth momentum stems from a fully integrated model with commercial teams, global partnerships, and ongoing Phase 3 trials (PRO2TECT and INNO2VATE), positioning it as a leader in the renal space.[1][2][4]
Akebia Therapeutics was founded in 2007 in the biotech hub of Kendall Square, Cambridge, Massachusetts, with a focus on discovering novel therapeutics based on HIF biology—a key regulator in oxygen sensing and multiple biological pathways relevant to kidney disease.[2][3][4] The idea emerged from scientific insights into hypoxia's role in renal disorders, aiming to develop solutions for complications like anemia in CKD patients.[1][4] Early traction came from advancing HIF-based candidates, culminating in FDA approvals for products and a 2018 merger with Keryx Biopharmaceuticals, which bolstered its commercial capabilities in nephrology.[2] Leadership, including CEO John Butler with expertise in renal and metabolic drugs, has driven evolution from R&D-focused startup to a fully integrated biopharma with global partners.[2]
Akebia rides the wave of precision medicine in nephrology, where aging populations and rising CKD prevalence (affecting millions globally) demand oral, convenient alternatives to injectable erythropoiesis-stimulating agents (ESAs).[1][4] Timing aligns with advances in HIF science and post-merger scale, enabling competition in a market dominated by incumbents amid regulatory shifts favoring anemia innovation.[2][4] Favorable forces include biotech hub synergies in Massachusetts, partnerships accelerating global trials, and emphasis on unmet renal needs, influencing the ecosystem by setting new care standards and expanding oral therapy adoption.[2][3][4]
Akebia's trajectory hinges on vadadustat's potential approvals and commercialization, alongside pipeline expansion in kidney care.[1][3] Trends like personalized renal therapies, AI-driven drug discovery, and value-based care will shape growth, potentially amplifying its renal leadership if Phase 3 data succeeds.[4] Influence may evolve through acquisitions or alliances, solidifying its role beyond anemia to broader CKD solutions—transforming lives as its kidney-focused mission promises.[1][2] This positions Akebia as a biopharma innovator improving patient outcomes in a high-need field.
Akebia Therapeutics has raised $148.1M in total across 6 funding rounds.
Akebia Therapeutics's investors include BlackRock, Jack Nielsen, Muneer A. Satter, Cincy Tech, Frazier Healthcare Partners, Vivo Capital, AgeChem, Athenian Venture Partners, dRx Capital, Kearny Venture Partners, Sigvion Capital, Triathlon Medical Ventures.