Akebia Therapeutics (AKBA) PT Raised to $25 at Aegis Capital; Deal Lifts Financial Overhang

April 26, 2017 8:01 AM EDT
Get Alerts AKBA Hot Sheet
Price: $3.67 +3.97%

Rating Summary:
    13 Buy, 3 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 15 | Down: 17 | New: 13
Trade Now! 
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Aegis Capital raised its price target on Akebia Therapeutics (NASDAQ: AKBA) to $25.00 (from $21.00) while maintaining a Buy rating.

Analyst said the Otsuka collaboration lifts the financial overhang. Akkebia is eligible to receive up to $657 mil in milestones payments and double-digit, tiered royalty payments on up to 30% of vadadustat net sales. On the call, management mentioned that the breakdown of milestone payments were $132 mil for regulatory and $525 mil for commercial, analyst Difei Yang noted.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst PT Change