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re: Akebia Therapeutics (AKBA)- Vadadustat FDA Approved AT LAST!!

Posted on 3/27/24 at 5:36 pm to
Posted by Fat Batman
Gotham City, NJ
Member since Oct 2019
1387 posts
Posted on 3/27/24 at 5:36 pm to
quote:

After hours trading probably the fastest indication.


well AH has been uninspiring
Posted by LSUcam7
FL
Member since Sep 2016
7908 posts
Posted on 3/27/24 at 5:43 pm to
Definitely anti-climatic. Thought we’d have some fun by now.

No news has holders spooked. It is odd.
Posted by bayoubengals88
LA
Member since Sep 2007
18995 posts
Posted on 3/27/24 at 5:44 pm to
quote:

No news has holders spooked. It is odd.
There’s really nothing odd about this. I’ve seen approvals from 5:00 to 10:00 pm

There will be plenty of fun tomorrow morning. Either .50 or crazy swings above $3 is my guess.
This post was edited on 3/27/24 at 5:46 pm
Posted by LSUcam7
FL
Member since Sep 2016
7908 posts
Posted on 3/27/24 at 5:48 pm to
Considering I’ve re-entered this position for all of 2 hours, forgive me for being impatient.
Posted by bayoubengals88
LA
Member since Sep 2007
18995 posts
Posted on 3/27/24 at 6:52 pm to
Posted by TigerDoug
Lees Summit
Member since Mar 2017
609 posts
Posted on 3/27/24 at 7:03 pm to
AH was crazy. Gave up all the gains for the day. Picked up some more under $2.
Posted by LSUcam7
FL
Member since Sep 2016
7908 posts
Posted on 3/27/24 at 7:39 pm to
APPROVED
Posted by WDE24
Member since Oct 2010
54181 posts
Posted on 3/27/24 at 7:40 pm to
I just got notice. I sold too soon. Paper hands
Posted by LSUcam7
FL
Member since Sep 2016
7908 posts
Posted on 3/27/24 at 7:41 pm to
Posted by TigerDoug
Lees Summit
Member since Mar 2017
609 posts
Posted on 3/27/24 at 7:54 pm to
Now the question is at what price does this open tomorrow?

Glad they took into account our Japan data and its a better time frame for individuals receiving dialysis - 3 months vs 4 months on Dapro. Our product is far superior.
This post was edited on 3/27/24 at 8:03 pm
Posted by LSUcam7
FL
Member since Sep 2016
7908 posts
Posted on 3/27/24 at 8:00 pm to
I’m still learning how to say the company’s name, much less knowing the TAM for the drug.

ETA: 3/28 @ 8AM ET Webcast: re Vafseo approval
This post was edited on 3/27/24 at 8:08 pm
Posted by bayoubengals88
LA
Member since Sep 2007
18995 posts
Posted on 3/27/24 at 8:13 pm to
Congrats everyone
Posted by LSUcam7
FL
Member since Sep 2016
7908 posts
Posted on 3/27/24 at 10:00 pm to
That’s it?!?! You guys have been patiently in and, some, out and back in of this name for 3 years.

Pop a bottle and light the cigars!

Posted by LSUcam7
FL
Member since Sep 2016
7908 posts
Posted on 3/28/24 at 7:21 am to
Official launch Jan ‘25

Even still.. 2023 revenues were right around $200M. Considering with pre-market action, the price to sales only around 2.75. Well under the industry average giving it plenty of room to run.

It’s true though that many institutions can’t buy <$5 stocks. So it might need some time.
Posted by LChama
Member since May 2020
1662 posts
Posted on 3/28/24 at 7:36 am to
Is this a “sell the news” situation?
Posted by TigerDoug
Lees Summit
Member since Mar 2017
609 posts
Posted on 3/28/24 at 7:52 am to
Not sure why the delay until January 2025. Any thoughts on buyout from CSL Vifor?
Posted by LSUcam7
FL
Member since Sep 2016
7908 posts
Posted on 3/28/24 at 8:07 am to
I haven’t followed the name as well as you guys have over the last year. No mention of M&A on the conference call, but that’s no indication of anything.

I’m happy holding and might add another 1-2k more shares.

1) cheap on a price to sales basis
2) new FDA approval ($2-3B TAM?)
3) ~2 years of readily available cash
Posted by bayoubengals88
LA
Member since Sep 2007
18995 posts
Posted on 3/28/24 at 8:23 am to
quote:

Not sure why the delay until January 2025. Any thoughts on buyout from CSL Vifor?

Launches are difficult. Don't ask me how I know.
If it were to get bought out people think it would be CSL Vifor who already has a large investment in AKBA.

But, I wouldn't call that a reason to invest. I wouldn't even think about it. If it happens, it happens.
Posted by bayoubengals88
LA
Member since Sep 2007
18995 posts
Posted on 3/28/24 at 8:25 am to
quote:

I’m happy holding and might add another 1-2k more shares.

Yeah, it really has the potential to be a good investment from here in the $2s.

At the time of my original post the share price was 3.17 without this huge approval.
Posted by jmcwhrter
Member since Nov 2012
6588 posts
Posted on 3/28/24 at 8:34 am to
annnnnnnd red.
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