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

Posted on 4/4/24 at 10:07 am to
Posted by Fat Batman
Gotham City, NJ
Member since Oct 2019
1456 posts
Posted on 4/4/24 at 10:07 am to
Posted by LSUcam7
FL
Member since Sep 2016
8108 posts
Posted on 4/4/24 at 12:42 pm to
Yeah frick me as I don’t know and adoption potential. But then again there’s always a bear and a bull thesis.

The (limited) analysts still see ABKA between $4-6. Not that analyst coverage is the crystal ball.. but the three analysts I see are all bullish on the price.
Posted by LChama
Member since May 2020
1850 posts
Posted on 4/4/24 at 3:37 pm to
The author is an nurse. This is a hackjob opinion piece. Seeking alpha made everyone dumber by publishing this guys crap
This post was edited on 4/4/24 at 4:43 pm
Posted by LSUcam7
FL
Member since Sep 2016
8108 posts
Posted on 4/15/24 at 6:53 pm to


Trading ~1.5x 2023 sales

Also trading 25% below my average cost
Posted by LSUcam7
FL
Member since Sep 2016
8108 posts
Posted on 5/9/24 at 8:13 am to
Pain
Posted by bayoubengals88
LA
Member since Sep 2007
19741 posts
Posted on 5/9/24 at 12:43 pm to
$1.10 was an opportunity. I didn't take it.
Not concerned. Will revisit in a year.
Posted by tigerfoot
Alexandria
Member since Sep 2006
57338 posts
Posted on 5/9/24 at 1:26 pm to
If this thing has any legs at all this time next year it should be a bargain. I am thinking of grabbing a few more shares and just rolling the dice.
Posted by LSUcam7
FL
Member since Sep 2016
8108 posts
Posted on 6/21/24 at 9:01 am to
AKBA launched Vafseo in Germany and Austria earlier this month. It’s available in 37 countries thus far with the US approval.

$170M revenues from Auryxia and AKBA is parlaying those relationships into Vafseo contracts. AKBA expecting very modest revenue growth from that $170M for 2024, without any Vafseo revenues.

TDAPA designation wrapped up in Jan ‘25.

$42M cash that should carry the company’s op ex at least through 2025. Expenses clear as AKBA solely focused on launch and holding off taking pre-clinical assets into the clinic.

AKBA market cap $200M as of 6/21.



Posted by Neauxla
New Orleans
Member since Feb 2008
33459 posts
Posted on 6/21/24 at 12:08 pm to
F it. bought 2000 shares.
Posted by LSUcam7
FL
Member since Sep 2016
8108 posts
Posted on 6/21/24 at 12:20 pm to
I think I might add soon as well.

Then completely ignore it for 6-12mos.
Posted by tigerfoot
Alexandria
Member since Sep 2006
57338 posts
Posted on 6/21/24 at 4:19 pm to
im going to grab another 1000 shares if it stays down below a buck. Looks like some directors are acquiring shares, so maybe I take a little bit more of a position. That woudl give me. 3500 or so. If it pops up to 3 bucks I will be happy as a clam.

I promised myself I would not do this type of chasing deal again, but this one seems to have an actual product
Posted by LSUcam7
FL
Member since Sep 2016
8108 posts
Posted on 6/26/24 at 9:57 am to
AKBA has market cap less than analysts’ expected revenue of ~$180M.

This bag is heavy.
Posted by bayoubengals88
LA
Member since Sep 2007
19741 posts
Posted on 6/26/24 at 10:12 am to
Lovin' the second chance here. Incredible that FDA rejection sent it from $2.40 to .70 then down to .26 while approval also sends it to .80 and possibly lower.

Beautiful set up going into Q1 '25.
Posted by bayoubengals88
LA
Member since Sep 2007
19741 posts
Posted on 6/27/24 at 9:19 am to
Whiplash
Posted by LSUcam7
FL
Member since Sep 2016
8108 posts
Posted on 7/16/24 at 12:50 pm to
+65% move off of those 6/25 lows.

Still down but I bought 1/3rd of the position at that $0.85 mark.
Posted by bayoubengals88
LA
Member since Sep 2007
19741 posts
Posted on 7/16/24 at 12:59 pm to
quote:

Still down but I bought 1/3rd of the position at that $0.85 mark.



Bought more from 1.17 down to .93
I totally missed the big news last week.
Saw the big day but didn't know material news was driving it.

Akebia now owns full rights Vafseo after ending their licensing deal with Vifor. Nice!
Also listed an annuel price of 15.5k on the low end. Very affordable!
This thing really should kick arse next year.
Posted by DoomGuy504
Member since May 2024
41 posts
Posted on 7/16/24 at 1:10 pm to
quote:

This thing really should kick arse next year.


I'll continue to stack shares!
Posted by donRANDOMnumbers
Hub City
Member since Nov 2006
17032 posts
Posted on 7/16/24 at 4:11 pm to
cliffs on this penny stock?
Posted by TigerDoug
Lees Summit
Member since Mar 2017
661 posts
Posted on 7/16/24 at 5:51 pm to
that stretch was painful. Those adds at 1.99 hurt but average is still 1.19 in taxable account and .86 in 401k account. Should continue to climb but 2025 should be a great year.
Posted by bayoubengals88
LA
Member since Sep 2007
19741 posts
Posted on 7/17/24 at 12:55 pm to
quote:

cliffs on this penny stock?

FDA approval granted in March after initial rejection. By next year they'll have two commercial drugs. The one that just got approved has potential to see in the upper hundreds of million dollars per year.

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