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Stock impact report

Keryx's Long-Awaited Merger With Akebia Complete [Seeking Alpha]

Akebia Therapeutics, Inc. (AKBA) 
Last akebia therapeutics, inc. earnings: 3/10 07:49 am Check Earnings Report
US:NASDAQ Investor Relations: ir.akebia.com/investor-relations
Company Research Source: Seeking Alpha
Two Heads Are Better Than One Akebia Therapeutics ( AKBA ) recently announced that their shareholders voted to approve the share issuance proposal required to complete the merger with Keryx Biopharmaceuticals ( KERX ). The merger, completed on December 12th, 2018, offers up to $250M in potential cost savings and combined kidney disease expertise all under one roof (Figure 1). More than 95% of the shares voted at the special meeting voted in favor of the share issuance proposal. It is clear this was the best opportunity for both companies moving forward. John P. Butler will remain CEO, while Keryx has appointed Adrian Adams as chairman. The two companies will unite together as one to fight chronic kidney disease opening new opportunities for accelerated growth. This new biotech combination also opens up an enticing opportunity for investors going into the new year. (Figure 1) Merger Sets Up Potential For A Leading Team In The Fight Against Kidney Diseas Show less Read more
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