CAMBRIDGE, Mass.--(BUSINESS WIRE)--
Akebia
Therapeutics, Inc. (NASDAQ:AKBA), a biopharmaceutical company
focused on delivering innovative therapies to patients with kidney
disease through the biology of hypoxia-inducible factor (HIF), today
announced the company granted a newly hired executive an option to
purchase 130,000 shares of the company's common stock with a per share
exercise price of $8.61, the closing price on the grant date. These
options will vest as to 25% of the total number of shares subject to the
option on the first anniversary of the grant date. The remaining 75% of
shares will vest ratably on the first day of each calendar quarter over
the next three years. The stock options were inducements material to the
new employee entering into employment with the company, and issued in
reliance on NASDAQ Listing Rule 5635(c)(4).
About Akebia Therapeutics
Akebia Therapeutics, Inc. is a
biopharmaceutical company headquartered in Cambridge, Massachusetts,
focused on delivering innovative therapies to patients with kidney
disease through hypoxia-inducible factor biology. Akebia's lead product
candidate, vadadustat, is an oral therapy in development for the
treatment of anemia related to chronic kidney disease in both
non-dialysis and dialysis patients. Akebia has commenced its vadadustat
Phase 3 Program, which includes the PRO2TECT studies for
non-dialysis patients with anemia secondary to chronic kidney disease
and the INNO2VATE studies for dialysis-dependent patients.
For more information, please visit our website at www.akebia.com.
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Akebia Contact
AJ Gosselin, 617-844-6130
Manager,
Corporate Communications
agosselin@akebia.com
Source: Akebia Therapeutics, Inc.
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