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AKBA

Akebia

$4.28

0.05 (1.18%)

09:25
06/14/19
06/14
09:25
06/14/19
09:25

Akebia participates in a conference call with Piper Jaffray

Biotech Analysts Raymond & Brill, along with President & CEO Butler discuss the Vadadustat program, upcoming data events and other company developments on a conference call to be held on June 14 at 10 am hosted by Piper Jaffray.

  • 14

    Jun

AKBA Akebia
$4.28

0.05 (1.18%)

05/10/19
PIPR
05/10/19
NO CHANGE
Target $22
PIPR
Overweight
Akebia shares should be bought at the open, says Piper Jaffray
Piper Jaffray analyst Christopher Raymond recommends purchase of Akebia Therapeutics (AKBA) shares at today's opening bell. Despite "one of the worst communication jobs we have ever witnessed with respect to a major data event," FibroGen's (FGEN) roxadustat data appear positive in that the drug has shown a statistically non-inferior safety profile versus controls in both pre-dialysis and dialysis settings, Raymond tells investors in a research note. The analyst believes that should roxadustat prove safe as well as efficacious, the agent should pave the way for the hypoxia-inducible-factor class as a novel anemia correction approach in renal disease. While FibroGen "seemed almost determined to confuse investors with their presentation of the data, we think that thesis remains intact," says the analyst. Raymond keeps an Overweight rating on Akebia with a $22 price target.
05/02/19
05/02/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Uber (UBER) was initiated with an Outperform at Wedbush and a Neutral at DA Davidson. 2. Alcon (ALC) initiated with an Outperform at Credit Suisse. 3. Akebia (AKBA) initiated with an Overweight at JPMorgan. 4. Athenex (ANTX) initiated with an Outperform at Oppenheimer. 5. Aronex Pharmaceuticals Inc (ARNX) initiated with an Outperform at Oppenheimer. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/02/19
JPMS
05/02/19
INITIATION
Target $12
JPMS
Overweight
Akebia initiated with an Overweight at JPMorgan
JPMorgan analyst Eric Joseph started Akebia Therapeutics with an Overweight rating and $12 price target. Post the Keryx Pharmaceuticals merger, the analyst believes Akebia is a well-positioned, integrated biotech pure-play in the nephrology space. He views vadadustat as a meaningful driver of value creation long term.
04/03/19
HCWC
04/03/19
NO CHANGE
Target $23
HCWC
Buy
Akebia should be bought on yesterday's weakness, says H.C. Wainwright
Akebia Therapeutics shares dropped 13% yesterday due to investor concerns about the mention of the phrase "Hy's Law'" related to a subject from a prior Phase 2b study of vadadustat in last week's annual filing, H.C. Wainwright analyst Ed Arce tells investors in a research note. The subject met the first two criteria for the law, but not the third, as investigators were unable to rule out other potential causes of injury, adds the analyst. He finds it important that the subject made a complete recovery after both vadadustat and chlorthalidone were discontinued. Further, "there is nothing new here in terms of data," says Arce. He believes nothing fundamentally has changed from the disclosure and would be a buyer of Akebia on yesterday's weakness. The analyst raised his price target for the stock to $23 from $22 after adding Auryxia to his model and keeps a Buy rating on the name.

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