Akebia and Keryx unite in focus on chronic kidney disease
US firms Akebia Therapeutics (Nasdaq: AKBA) and Keryx Biopharmaceuticals (Nasdaq: KERX) have announced a definitive merger agreement under which the companies will combine in an all-stock merger.
The merger creates what they call a fully integrated biopharmaceutical company focused on chronic kidney disease (CKD), with an implied pro forma equity value of approximately $1.3 billion, based on the firms’ combined stock worth.
Keryx’s Auryxia (ferric citrate) is approved in the USA to treat dialysis-dependent CKD patients for hyperphosphatemia and non-dialysis dependent CKD patients for iron deficiency anemia.
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