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), announced today that John P. Butler, President and Chief
Executive Officer of Akebia, has established a personal stock purchasing
plan to acquire shares of the company's common stock. The purchasing
plan complies with Section 10b5-1 of the Securities Exchange Act of
1934, as amended, which enables securities holders to adopt pre-arranged
stock purchasing plans for the acquisition of predetermined amounts of
securities on a non-discretionary basis.
The transactions under this 10b5-1 purchasing plan will commence no
earlier than December 15, 2014. The details of the transactions will be
publicly available through Form 4 filings with the Securities and
Exchange Commission.
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 HIF biology. Akebia's lead
clinical program, AKB-6548, is a once-daily, oral therapy which has
completed a Phase 2b study in non-dialysis patients with anemia related
to CKD and is in Phase 2 development for the treatment of anemia in
patients undergoing dialysis, serious medical conditions that lead to
increased morbidity and mortality if left untreated. For more
information on Akebia, please visit www.akebia.com.
Investors:
Akebia Therapeutics, Inc.
Nicole P. Jones,
+1-617-871-1210
Senior Director, Investor Relations and Corporate
Communications
njones@akebia.com
or
Media:
Argot
Partners
Eliza Schleifstein, +1-917-763-8106
Eliza@argotpartners.com
Source: Akebia Therapeutics, Inc.
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