2022 Q4 Form 10-Q Financial Statement
#000162828022028242 Filed on November 03, 2022
Income Statement
Concept | 2022 Q4 | 2022 Q3 |
---|---|---|
Revenue | $55.18M | $48.96M |
YoY Change | -7.42% | 0.43% |
Cost Of Revenue | -$11.25M | $37.95M |
YoY Change | -126.56% | 138.0% |
Gross Profit | $66.43M | $11.02M |
YoY Change | 285.43% | -66.42% |
Gross Profit Margin | 120.39% | 22.5% |
Selling, General & Admin | $30.65M | $30.92M |
YoY Change | -31.63% | -33.3% |
% of Gross Profit | 46.13% | 280.64% |
Research & Development | $31.90M | $27.35M |
YoY Change | 7.94% | -32.42% |
% of Gross Profit | 48.02% | 248.25% |
Depreciation & Amortization | $9.419M | $9.424M |
YoY Change | -0.36% | -0.63% |
% of Gross Profit | 14.18% | 85.54% |
Operating Expenses | $71.56M | $59.19M |
YoY Change | -14.19% | -32.51% |
Operating Profit | -$5.128M | -$48.17M |
YoY Change | -92.25% | -12.23% |
Interest Expense | -$1.636M | -$3.952M |
YoY Change | -67.81% | -22.28% |
% of Operating Profit | ||
Other Income/Expense, Net | $434.0K | $1.167M |
YoY Change | -22.5% | 173.3% |
Pretax Income | -$7.552M | -$51.87M |
YoY Change | -89.31% | -12.9% |
Income Tax | $0.00 | |
% Of Pretax Income | ||
Net Earnings | -$7.552M | -$51.87M |
YoY Change | -89.31% | -12.9% |
Net Earnings / Revenue | -13.69% | -105.92% |
Basic Earnings Per Share | -$0.28 | |
Diluted Earnings Per Share | -$0.04 | -$0.28 |
COMMON SHARES | ||
Basic Shares Outstanding | 184.0M shares | 183.8M shares |
Diluted Shares Outstanding | 183.9M shares |
Balance Sheet
Concept | 2022 Q4 | 2022 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $90.47M | $144.8M |
YoY Change | -39.61% | -30.14% |
Cash & Equivalents | $90.47M | $144.8M |
Short-Term Investments | ||
Other Short-Term Assets | $33.54M | $29.62M |
YoY Change | 1.21% | -25.02% |
Inventory | $21.76M | $40.04M |
Prepaid Expenses | $15.60M | |
Receivables | $39.18M | $23.09M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $184.9M | $237.5M |
YoY Change | -32.01% | -28.04% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $5.214M | $5.622M |
YoY Change | -22.8% | -21.87% |
Goodwill | $55.10M | $55.10M |
YoY Change | 0.0% | 0.0% |
Intangibles | $72.08M | |
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $5.372M | $26.28M |
YoY Change | -89.2% | -62.25% |
Total Long-Term Assets | $166.9M | $198.4M |
YoY Change | -34.18% | -27.11% |
TOTAL ASSETS | ||
Total Short-Term Assets | $184.9M | $237.5M |
Total Long-Term Assets | $166.9M | $198.4M |
Total Assets | $351.8M | $435.9M |
YoY Change | -33.05% | -27.62% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $18.02M | $19.71M |
YoY Change | -46.35% | -31.59% |
Accrued Expenses | $71.00M | $87.36M |
YoY Change | -32.03% | -39.63% |
Deferred Revenue | $3.738M | $1.265M |
YoY Change | -82.12% | -91.94% |
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $32.00M | $65.95M |
YoY Change | -67.19% | |
Total Short-Term Liabilities | $124.8M | $188.0M |
YoY Change | -51.36% | -0.66% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $34.08M | $0.00 |
YoY Change | -100.0% | |
Other Long-Term Liabilities | $12.16M | $74.31M |
YoY Change | -85.26% | -3.98% |
Total Long-Term Liabilities | $46.24M | $74.31M |
YoY Change | -43.97% | -57.44% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $124.8M | $188.0M |
Total Long-Term Liabilities | $46.24M | $74.31M |
Total Liabilities | $342.5M | $422.0M |
YoY Change | -23.74% | -9.26% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$1.553B | -$1.545B |
YoY Change | 6.34% | 11.2% |
Common Stock | $1.562B | $1.559B |
YoY Change | 1.66% | 2.12% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $9.342M | $13.85M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $351.8M | $435.9M |
YoY Change | -33.05% | -27.62% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$7.552M | -$51.87M |
YoY Change | -89.31% | -12.9% |
Depreciation, Depletion And Amortization | $9.419M | $9.424M |
YoY Change | -0.36% | -0.63% |
Cash From Operating Activities | -$54.68M | $33.81M |
YoY Change | -12.94% | -160.08% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $0.00 | $0.00 |
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $0.00 | $0.00 |
YoY Change | ||
Cash From Investing Activities | $0.00 | $0.00 |
YoY Change | ||
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -1.000K | -32.94M |
YoY Change | -100.02% | -299.84% |
NET CHANGE | ||
Cash From Operating Activities | -54.68M | 33.81M |
Cash From Investing Activities | 0.000 | 0.000 |
Cash From Financing Activities | -1.000K | -32.94M |
Net Change In Cash | -54.68M | 868.0K |
YoY Change | -4.75% | -102.18% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$54.68M | $33.81M |
Capital Expenditures | $0.00 | $0.00 |
Free Cash Flow | -$54.68M | $33.81M |
YoY Change | -12.94% | -160.08% |
Facts In Submission
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2022 | ||
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Q3 | ||
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--12-31 | ||
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2022-09-30 | ||
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AKEBIA THERAPEUTICS, INC. | ||
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DE | ||
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20-8756903 | ||
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Cambridge | ||
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|
59191000 | usd |
CY2021Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
87698000 | usd |
us-gaap |
Operating Expenses
OperatingExpenses
|
222296000 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
250092000 | usd | |
CY2022Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-48174000 | usd |
CY2021Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-54886000 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-72765000 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-199163000 | usd | |
CY2022Q3 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-3952000 | usd |
CY2021Q3 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-5085000 | usd |
us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-14051000 | usd | |
us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-14853000 | usd | |
CY2022Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1167000 | usd |
CY2021Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
427000 | usd |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
2712000 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1854000 | usd | |
CY2022Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-906000 | usd |
CY2021Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | usd |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-906000 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | usd | |
CY2022Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-51865000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-51865000 | usd |
CY2021Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-59544000 | usd |
CY2021Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-59544000 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-85010000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-85010000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-212162000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-212162000 | usd | |
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.28 | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.28 | |
CY2021Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.34 | |
CY2021Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.34 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.47 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.47 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.30 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.30 | ||
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
183882446 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
183882446 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
173782151 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
173782151 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
182375443 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
182375443 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
163050769 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
163050769 | shares | |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-51865000 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-59544000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-85010000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-212162000 | usd | |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
0 | usd |
CY2021Q3 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
0 | usd |
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
0 | usd | |
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-7000 | usd | |
CY2022Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-51865000 | usd |
CY2021Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-59544000 | usd |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-85010000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-212169000 | usd | |
CY2022Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.00001 | |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
247618000 | usd |
CY2021Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
29498000 | usd |
CY2021Q1 | akba |
Stock Issued During Period Value Including Offering Costs Employee Stock Purchase Plan
StockIssuedDuringPeriodValueIncludingOfferingCostsEmployeeStockPurchasePlan
|
367000 | usd |
CY2021Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
5992000 | usd |
CY2021Q1 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-4000 | usd |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-69580000 | usd |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
213891000 | usd |
CY2021Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
37266000 | usd |
CY2021Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
6515000 | usd |
CY2021Q2 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-3000 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-83038000 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
174631000 | usd |
CY2021Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
16092000 | usd |
CY2021Q3 | akba |
Stock Issued During Period Value Including Offering Costs Employee Stock Purchase Plan
StockIssuedDuringPeriodValueIncludingOfferingCostsEmployeeStockPurchasePlan
|
379000 | usd |
CY2021Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
5592000 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-59544000 | usd |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
137150000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
76456000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
7178000 | usd |
CY2022Q1 | akba |
Stock Issued During Period Value Including Offering Costs Employee Stock Purchase Plan
StockIssuedDuringPeriodValueIncludingOfferingCostsEmployeeStockPurchasePlan
|
367000 | usd |
CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
4536000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-62421000 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
26116000 | usd |
CY2022Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
6841000 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
67000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
29276000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
62300000 | usd |
CY2022Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3375000 | usd |
CY2022Q3 | akba |
Stock Issued During Period Value Including Offering Costs Employee Stock Purchase Plan
StockIssuedDuringPeriodValueIncludingOfferingCostsEmployeeStockPurchasePlan
|
43000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-51865000 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
13853000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-85010000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-212162000 | usd | |
us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
1246000 | usd | |
us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
1485000 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
27032000 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
27032000 | usd | |
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
0 | usd | |
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
15000 | usd | |
akba |
Contractual Arrangement Royalties Agreement Noncash Interest Expense Income
ContractualArrangementRoyaltiesAgreementNoncashInterestExpenseIncome
|
6352000 | usd | |
akba |
Contractual Arrangement Royalties Agreement Noncash Interest Expense Income
ContractualArrangementRoyaltiesAgreementNoncashInterestExpenseIncome
|
6779000 | usd | |
akba |
Contractual Arrangement Royalties Agreement Noncash Royalty Revenue
ContractualArrangementRoyaltiesAgreementNoncashRoyaltyRevenue
|
1195000 | usd | |
akba |
Contractual Arrangement Royalties Agreement Noncash Royalty Revenue
ContractualArrangementRoyaltiesAgreementNoncashRoyaltyRevenue
|
425000 | usd | |
akba |
Contract With Customer Non Cash Revenue Recognized
ContractWithCustomerNonCashRevenueRecognized
|
9550000 | usd | |
akba |
Contract With Customer Non Cash Revenue Recognized
ContractWithCustomerNonCashRevenueRecognized
|
0 | usd | |
akba |
Noncash Research And Development Expense
NoncashResearchAndDevelopmentExpense
|
3941000 | usd | |
akba |
Noncash Research And Development Expense
NoncashResearchAndDevelopmentExpense
|
0 | usd | |
akba |
Noncash Interest Expense
NoncashInterestExpense
|
1467000 | usd | |
akba |
Noncash Interest Expense
NoncashInterestExpense
|
852000 | usd | |
us-gaap |
Straight Line Rent
StraightLineRent
|
1818000 | usd | |
us-gaap |
Straight Line Rent
StraightLineRent
|
1415000 | usd | |
akba |
Noncash Gain Loss On Extinguishment Of Debt
NoncashGainLossOnExtinguishmentOfDebt
|
-406000 | usd | |
akba |
Noncash Gain Loss On Extinguishment Of Debt
NoncashGainLossOnExtinguishmentOfDebt
|
0 | usd | |
akba |
Fair Value Adjustment To Inventory
FairValueAdjustmentToInventory
|
0 | usd | |
akba |
Fair Value Adjustment To Inventory
FairValueAdjustmentToInventory
|
21575000 | usd | |
us-gaap |
Inventory Write Down
InventoryWriteDown
|
10002000 | usd | |
us-gaap |
Inventory Write Down
InventoryWriteDown
|
7126000 | usd | |
akba |
Excess Inventory Purchase Commitments Expense Reversal
ExcessInventoryPurchaseCommitmentsExpenseReversal
|
12422000 | usd | |
akba |
Excess Inventory Purchase Commitments Expense Reversal
ExcessInventoryPurchaseCommitmentsExpenseReversal
|
15376000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
14808000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
18099000 | usd | |
us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
-1060000 | usd | |
us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
-490000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-27781000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
22837000 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-1405000 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
35282000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-9131000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
25020000 | usd | |
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-14817000 | usd | |
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-4728000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-17420000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-14933000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-22364000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
15099000 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
1771000 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
1173000 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
2181000 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
3098000 | usd | |
us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-14820000 | usd | |
us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-18475000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-190157000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
114000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
59000 | usd | |
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
0 | usd | |
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
40000000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-114000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
39941000 | usd | |
akba |
Proceeds From Contractual Arrangement Royalties Agreement Sale Of Future Royalties
ProceedsFromContractualArrangementRoyaltiesAgreementSaleOfFutureRoyalties
|
0 | usd | |
akba |
Proceeds From Contractual Arrangement Royalties Agreement Sale Of Future Royalties
ProceedsFromContractualArrangementRoyaltiesAgreementSaleOfFutureRoyalties
|
44783000 | usd | |
akba |
Proceeds From Refund Liability To Contract With Customer
ProceedsFromRefundLiabilityToContractWithCustomer
|
40000000 | usd | |
akba |
Proceeds From Refund Liability To Contract With Customer
ProceedsFromRefundLiabilityToContractWithCustomer
|
0 | usd | |
akba |
Proceeds From Issuance Of Common Stock Net Of Issuance Costs
ProceedsFromIssuanceOfCommonStockNetOfIssuanceCosts
|
7122000 | usd | |
akba |
Proceeds From Issuance Of Common Stock Net Of Issuance Costs
ProceedsFromIssuanceOfCommonStockNetOfIssuanceCosts
|
82799000 | usd | |
us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
410000 | usd | |
us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
746000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
67000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
0 | usd | |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
33000000 | usd | |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
14599000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
128328000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-3990000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-21888000 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
151839000 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
231132000 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
147849000 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
209244000 | usd |
akba |
Deferred Unpaid Offering Costs
DeferredUnpaidOfferingCosts
|
0 | usd | |
akba |
Deferred Unpaid Offering Costs
DeferredUnpaidOfferingCosts
|
57000 | usd | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
Nature of Organization and Operations<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Akebia Therapeutics, Inc., referred to as Akebia or the Company, was incorporated in the State of Delaware in 2007. Akebia is a biopharmaceutical company with the purpose of bettering the lives of people impacted by kidney disease. The Company has one commercial product, Auryxia</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:112%;position:relative;top:-3.5pt;vertical-align:baseline">®</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> (ferric citrate), which is approved by the U.S. Food and Drug Administration, or FDA, and marketed for two indications in the United States: the control of serum phosphorus levels in adult patients with chronic kidney disease, or CKD, on dialysis, or DD-CKD, and the treatment of iron deficiency anemia, or IDA, in adult patients with CKD not on dialysis, or NDD-CKD. Ferric citrate is also approved and marketed in Japan as an oral treatment for IDA in adult patients for the improvement of hyperphosphatemia in such patients with DD-CKD and NDD-CKD under the trade name Riona (ferric citrate hydrate).</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Vadadustat, the Company’s lead investigational product candidate, is an investigational oral hypoxia-inducible factor prolyl hydroxylase, or HIF-PH, inhibitor designed to mimic the physiologic effect of altitude on oxygen availability. On March 29, 2022, the Company received a complete response letter, or CRL, from the FDA. The CRL provided that the FDA had completed its review of the Company's new drug application, or NDA, for vadadustat for the treatment of anemia due to CKD in adult patients and had determined that it could not approve the NDA in its present form. In July 2022, the Company held an end of review meeting with the FDA to inform the Company's next steps with respect to the potential U.S. approval of vadadustat, if any, and in October 2022, the Company submitted a Formal Dispute Resolution Request, or FDRR, with the FDA. The FDRR focuses on the favorable balance between the benefits and risks of vadadustat for the treatment of anemia due to CKD in adult patients on dialysis in light of safety concerns expressed by the FDA in the CRL related to the rate of adjudicated thromboembolic events driven by vascular access thrombosis for vadadustat compared to the active comparator and the risk of drug-induced liver injury.</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">On May 12, 2022, the Company received notice from its former collaboration partner, Otsuka Pharmaceutical Co. Ltd., or Otsuka, that Otsuka had elected to terminate the Collaboration and License Agreement dated December 18, 2016, or the Otsuka U.S. Agreement, and the Collaboration and License Agreement dated April 25, 2017, or the Otsuka International Agreement. On June 30, 2022, the Company and Otsuka entered into a Termination and Settlement Agreement, or the Termination Agreement, pursuant to which, among other things, the Company and Otsuka agreed to terminate the Otsuka U.S. Agreement and the Otsuka International Agreement as of June 30, 2022 (see Note 4 for further details). In October 2021, Otsuka submitted a Marketing Authorization Application, or MAA, for vadadustat for the treatment of anemia due to CKD in adult patients with DD-CKD and NDD-CKD to the European Medicines Agency, or EMA</span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> In connection with the Termination Agreement, Otsuka transferred the MAA for vadadustat with the EMA to the Company. Vadadustat is approved in Japan as a treatment for anemia due to CKD in both DD-CKD and NDD-CKD patients under the trade name Vafseo</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:112%;position:relative;top:-3.5pt;vertical-align:baseline">TM</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">,</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:112%;position:relative;top:-3.5pt;vertical-align:baseline"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">and marketed and sold in Japan by Mitsubishi Tanabe Pharma Corporation, or MTPC.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">In addition, the Company continues to explore additional development opportunities to expand its pipeline and portfolio of novel therapeutics. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Since inception, the Company has devoted most of its resources to research and development, including its preclinical and clinical development activities, commercializing Auryxia, and providing general and administrative support for these operations. The Company began recording revenue from the U.S. sales of Auryxia and revenue from sublicensing rights to Auryxia in Japan from the Company’s Japanese partners, Japan Tobacco, Inc. and its subsidiary Torii Pharmaceutical Co., Ltd., collectively JT and Torii, in December 2018. Additionally, following regulatory approval of vadadustat in Japan, the Company began recognizing royalty revenues from MTPC from the sale of Vafseo in August 2020. In February 2021, the Company entered into a royalty interest acquisition agreement with HealthCare Royalty Partners IV, L.P., or HCR, or the Royalty Agreement, whereby the Company sold its right to receive royalties and sales milestones under its Collaboration Agreement with MTPC, or the MTPC Agreement, subject to certain caps and other terms and conditions (see Note 6 for additional information). The Company has not generated a profit to date, and may never generate profits, from product sales. Vadadustat and the Company’s other potential product candidates are subject to long development cycles, and the Company may be unsuccessful in its efforts to develop, obtain marketing approval for or market vadadustat and its other potential product candidates. If the Company does not successfully commercialize Auryxia, vadadustat, if approved, or any other potential product candidate, it may be unable to achieve profitability.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Going Concern</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Company’s management completed its going concern assessment in accordance with Accounting Standards Codification, or ASC, 205-40, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">, or ASC 205-40. Pursuant to the requirements of ASC 205-40, the Company’s management must evaluate whether there are conditions or events, </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date the financial statements are issued. This evaluation initially does not take into consideration the potential mitigating effect of management’s plans that have not been fully implemented as of the date the financial statements are issued. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">When substantial doubt exists under this methodology, the Company’s management evaluates whether the mitigating effect of its plans sufficiently alleviates substantial doubt about the Company’s ability to continue as a going concern. The mitigating effect of the Company’s plans, however, is only considered if both (1) it is probable that the plans will be effectively implemented within one year after the date that the financial statements are issued and (2) it is probable that the plans, when implemented, will mitigate the relevant conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:107%">As of September 30, 2022, the Company had cash and cash equivalents of approximately $144.8 million. The Company believes that its cash resources will be sufficient to allow the Company to fund its current operating plan through at least the next twelve months from the filing of this Quarterly Report on Form 10-Q. However, the Company's operating plan includes assumptions pertaining to cost avoidance measures and the reduction of overhead costs that would result from the planned amendment of contractual arrangements with certain supply and collaboration partners, and the reduction of operating expenses. Therefore, because these cost avoidance measures and certain other elements of the Company's operating plan are outside of its control, including the planned amendment of contractual arrangements with certain supply and collaboration partners, and the reduction of operating expenses, there is uncertainty as to whether the Company's cash resources will be adequate to support its operations for a period through at least the next twelve months from the date of issuance of these financial statements. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">In addition, on July 15, 2022, or the Effective Date, the Company entered into the Second Amendment and Waiver with BioPharma Credit PLC, or the Collateral Agent, BPCR Limited Partnership, as a Lender, and BioPharma Credit Investments V (Master) LP, as a Lender, or the Second Amendment and Waiver, which amends and waives certain provisions of the loan agreement entered on November 11, 2019, between the Company, with Keryx Biopharmaceuticals, Inc., or Keryx, as guarantor, and the Collateral Agent, as collateral agent and a lender, and BioPharma Credit Investments V (Master) LP as a lender, or the Loan Agreement, as amended by the First Amendment and Waiver among the Collateral Agent, the Lenders and the Company, dated February 18, 2022, or the First Amendment and Waiver. The Collateral Agent and the Lenders are collectively referred to as Pharmakon (see Note 11). Pursuant to the Second Amendment and Waiver, on the Effective Date, the Company made prepayments totaling $25.0 million together with a prepayment premium of $0.5 million plus all accrued and unpaid interest on such prepayments of principal to the Effective Date, and Pharmakon agreed to waive or modify certain covenants in the Loan Agreement (see Note 11). If an event of default occurs and is continuing under the Loan Agreement, the Collateral Agent is entitled to take enforcement action, including acceleration of amounts due under the Loan Agreement, which the Company may not have the available cash resources to repay at such time. For example, pursuant to covenants in the Loan Agreement, the Company's Annual Reports on Form 10-K must not be subject to any qualification as a going concern. If any of the Company's future Annual Reports on Form 10-K is subject to any qualification related to going concern, it will result in an event of default under the Loan Agreement. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:107%">These conditions raise substantial doubt regarding the Company’s ability to continue as a going concern for a period of one year after the date the financial statements are issued. Management’s plans to alleviate the conditions that raise substantial doubt through cost avoidance measures, including amending contractual arrangements with certain supply and collaboration partners, and reducing operating expenses, for the Company to continue as a going concern for a period of twelve months from the date the financial statements are issued. However, the Company has concluded that the likelihood that its plan to extend its cash runway from one or more of these approaches will be successful, while reasonably possible, is less than probable. Accordingly, the Company has concluded that substantial doubt exists about its ability to continue as a going concern for a period of at least twelve months from the date of issuance of these financial statements. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the ordinary course of business. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities, other than obligations under the Loan Agreement classified as current, that might result from the outcome of the uncertainties described above.</span></div> | ||
CY2022Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
144800000 | usd |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment | |
akba |
Valuation Allowances And Reserves Adjustments Related To Prior Period Sales
ValuationAllowancesAndReservesAdjustmentsRelatedToPriorPeriodSales
|
-1591000 | usd | |
us-gaap |
Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
|
113090000 | usd | |
CY2021Q3 | us-gaap |
Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
|
45891000 | usd |
us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
29574000 | usd | |
us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
20363000 | usd | |
CY2022Q3 | us-gaap |
Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
|
0 | usd |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates. Management considers many factors in selecting appropriate financial accounting policies and controls, and in developing the estimates and assumptions that are used in the preparation of these financial statements. Management must apply significant judgment in this process. In addition, other factors may affect estimates, including expected business and operational changes, sensitivity and volatility associated with the assumptions used in developing estimates, and whether historical trends are expected to be representative of future trends. The estimation process often may yield a range of potentially reasonable estimates of the ultimate future outcomes, and management must select an amount that falls within that range of reasonable estimates. Estimates are used in the following areas, among others: prepaid and accrued research and development expense, operating lease assets and liabilities, derivative liabilities, refund liabilities to customers, other non-current liabilities, including the excess purchase commitment liability, stock-based compensation expense, product and collaboration revenues including various rebates and reserves related to product sales, non-cash interest expense on the liability related to sale of future royalties, inventories, income taxes, intangible assets and goodwill. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Although the Company regularly assesses these estimates, actual results could differ materially from these estimates. Changes in estimates are recorded in the period they become known. The Company bases its estimates on historical experience and various other assumptions that it believes to be reasonable under the circumstances.</span></div> | ||
CY2021Q4 | us-gaap |
Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
|
28378000 | usd |
us-gaap |
Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
|
76606000 | usd | |
akba |
Valuation Allowances And Reserves Adjustments Related To Prior Period Sales
ValuationAllowancesAndReservesAdjustmentsRelatedToPriorPeriodSales
|
-215000 | usd | |
us-gaap |
Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
|
77474000 | usd | |
CY2022Q3 | us-gaap |
Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
|
27295000 | usd |
CY2020Q4 | us-gaap |
Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
|
41363000 | usd |
us-gaap |
Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
|
119209000 | usd | |
CY2022Q3 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
1265000 | usd |
CY2022Q3 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
43296000 | usd |
CY2022Q3 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
44561000 | usd |
CY2022Q3 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
5047000 | usd |
CY2021Q3 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
9159000 | usd |
CY2021Q3 | us-gaap |
Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
|
0 | usd |
us-gaap |
Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
|
0 | usd | |
us-gaap |
Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
|
0 | usd | |
CY2022Q3 | akba |
Contract With Customer Refund Liability Amortization Of Discount
ContractWithCustomerRefundLiabilityAmortizationOfDiscount
|
1100000 | usd |
akba |
Contract With Customer Refund Liability Amortization Of Discount
ContractWithCustomerRefundLiabilityAmortizationOfDiscount
|
2300000 | usd | |
CY2022Q3 | akba |
Contract With Customer Refund Liability Amortization Of Deferred Gain
ContractWithCustomerRefundLiabilityAmortizationOfDeferredGain
|
900000 | usd |
akba |
Contract With Customer Refund Liability Amortization Of Deferred Gain
ContractWithCustomerRefundLiabilityAmortizationOfDeferredGain
|
1800000 | usd | |
CY2022Q3 | us-gaap |
Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
|
13700000 | usd |
CY2022Q2 | akba |
Restructuring And Related Cost Number Of Positions Exclusive Of Open Positions Approved For Elimination Percent
RestructuringAndRelatedCostNumberOfPositionsExclusiveOfOpenPositionsApprovedForEliminationPercent
|
0.42 | |
CY2022Q2 | akba |
Restructuring And Related Cost Number Of Positions Inclusive Of Open Positions Approved For Elimination Percent
RestructuringAndRelatedCostNumberOfPositionsInclusiveOfOpenPositionsApprovedForEliminationPercent
|
0.47 | |
CY2022Q3 | us-gaap |
Restructuring And Related Cost Expected Cost1
RestructuringAndRelatedCostExpectedCost1
|
14700000 | usd |
CY2022Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
200000 | usd |
us-gaap |
Restructuring Charges
RestructuringCharges
|
14700000 | usd | |
us-gaap |
Severance Costs1
SeveranceCosts1
|
11400000 | usd | |
CY2022Q3 | us-gaap |
Severance Costs1
SeveranceCosts1
|
11400000 | usd |
CY2022Q3 | us-gaap |
Other Restructuring Costs
OtherRestructuringCosts
|
3300000 | usd |
us-gaap |
Other Restructuring Costs
OtherRestructuringCosts
|
3300000 | usd | |
CY2021Q4 | akba |
Contractual Arrangement Royalties Agreement Liability Noncurrent
ContractualArrangementRoyaltiesAgreementLiabilityNoncurrent
|
53079000 | usd |
CY2021Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
0 | usd |
us-gaap |
Restructuring Charges
RestructuringCharges
|
14711000 | usd | |
us-gaap |
Restructuring Reserve Settled Without Cash2
RestructuringReserveSettledWithoutCash2
|
3253000 | usd | |
akba |
Payments For Restructuring And Adjustments
PaymentsForRestructuringAndAdjustments
|
7220000 | usd | |
CY2022Q3 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
4238000 | usd |
CY2021Q1 | akba |
Contractual Arrangement Royalties Agreement Maximum Annual Royalty Payout Capacity
ContractualArrangementRoyaltiesAgreementMaximumAnnualRoyaltyPayoutCapacity
|
13000000 | usd |
CY2021Q1 | akba |
Contractual Arrangement Royalties Agreement Maximum Aggregate Royalty Payout Capacity
ContractualArrangementRoyaltiesAgreementMaximumAggregateRoyaltyPayoutCapacity
|
150000000 | usd |
CY2021Q1 | akba |
Proceeds From Contractual Arrangement Royalties Agreement Sale Of Future Royalties
ProceedsFromContractualArrangementRoyaltiesAgreementSaleOfFutureRoyalties
|
44800000 | usd |
CY2021Q1 | akba |
Contractual Arrangement Royalties Agreement Liability Noncurrent
ContractualArrangementRoyaltiesAgreementLiabilityNoncurrent
|
44800000 | usd |
CY2022Q3 | akba |
Contractual Arrangement Royalties Agreement Interest Rate Effective Percentage
ContractualArrangementRoyaltiesAgreementInterestRateEffectivePercentage
|
0.136 | |
CY2022Q3 | us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
-350000 | usd |
akba |
Contractual Arrangement Royalties Agreement Royalties Earned And Payable
ContractualArrangementRoyaltiesAgreementRoyaltiesEarnedAndPayable
|
1195000 | usd | |
akba |
Contractual Arrangement Royalties Agreement Noncash Interest Expense Income
ContractualArrangementRoyaltiesAgreementNoncashInterestExpenseIncome
|
6352000 | usd | |
CY2022Q3 | akba |
Contractual Arrangement Royalties Agreement Liability Noncurrent
ContractualArrangementRoyaltiesAgreementLiabilityNoncurrent
|
58236000 | usd |
CY2021Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
1820000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
-710000 | usd |
CY2022Q1 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
1110000 | usd |
CY2022Q2 | us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
0 | usd |
CY2022Q2 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
1110000 | usd |
CY2022Q3 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
760000 | usd |
CY2022Q3 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
397000 | usd |
CY2021Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
1763000 | usd |
CY2022Q3 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
32855000 | usd |
CY2021Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
62635000 | usd |
CY2022Q3 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
18970000 | usd |
CY2021Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
14661000 | usd |
CY2022Q3 | akba |
Inventory Net Current And Non Current
InventoryNetCurrentAndNonCurrent
|
52222000 | usd |
CY2021Q4 | akba |
Inventory Net Current And Non Current
InventoryNetCurrentAndNonCurrent
|
79059000 | usd |
CY2022Q3 | us-gaap |
Inventory Net
InventoryNet
|
40039000 | usd |
CY2021Q4 | us-gaap |
Inventory Net
InventoryNet
|
38195000 | usd |
CY2022Q3 | us-gaap |
Inventory Noncurrent
InventoryNoncurrent
|
12183000 | usd |
CY2021Q4 | us-gaap |
Inventory Noncurrent
InventoryNoncurrent
|
40864000 | usd |
CY2022Q3 | akba |
Inventory Net Current And Non Current
InventoryNetCurrentAndNonCurrent
|
52222000 | usd |
CY2021Q4 | akba |
Inventory Net Current And Non Current
InventoryNetCurrentAndNonCurrent
|
79059000 | usd |
CY2022Q3 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
2600000 | usd |
CY2021Q3 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
1700000 | usd |
us-gaap |
Inventory Write Down
InventoryWriteDown
|
10000000 | usd | |
akba |
Inventory Adjustments To Previous Reserves
InventoryAdjustmentsToPreviousReserves
|
14800000 | usd | |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
213603000 | usd |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
132508000 | usd |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
81095000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
213603000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
105476000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
108127000 | usd |
CY2022Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
9000000 | usd |
CY2021Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
9000000 | usd |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
27000000 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
27000000 | usd | |
CY2021Q4 | us-gaap |
Goodwill
Goodwill
|
55100000 | usd |
CY2022Q3 | us-gaap |
Goodwill
Goodwill
|
55100000 | usd |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment | |
CY2022Q3 | akba |
Accrued Product Revenue Allowances Current
AccruedProductRevenueAllowancesCurrent
|
25222000 | usd |
CY2021Q4 | akba |
Accrued Product Revenue Allowances Current
AccruedProductRevenueAllowancesCurrent
|
26624000 | usd |
CY2022Q3 | akba |
Accrued Clinical Expenses Current
AccruedClinicalExpensesCurrent
|
8652000 | usd |
CY2021Q4 | akba |
Accrued Clinical Expenses Current
AccruedClinicalExpensesCurrent
|
14036000 | usd |
CY2022Q3 | akba |
Collaborative Arrangement Accrued Liability
CollaborativeArrangementAccruedLiability
|
19550000 | usd |
CY2021Q4 | akba |
Collaborative Arrangement Accrued Liability
CollaborativeArrangementAccruedLiability
|
22654000 | usd |
CY2022Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
9140000 | usd |
CY2021Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
15863000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
4260000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
4802000 | usd |
CY2022Q3 | us-gaap |
Accrued Royalties Current
AccruedRoyaltiesCurrent
|
2916000 | usd |
CY2021Q4 | us-gaap |
Accrued Royalties Current
AccruedRoyaltiesCurrent
|
3472000 | usd |
CY2022Q3 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
1725000 | usd |
CY2021Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
1899000 | usd |
CY2022Q3 | akba |
Accrued Commercial Manufacturing Current
AccruedCommercialManufacturingCurrent
|
3167000 | usd |
CY2021Q4 | akba |
Accrued Commercial Manufacturing Current
AccruedCommercialManufacturingCurrent
|
3843000 | usd |
CY2022Q3 | us-gaap |
Restructuring Reserve Current
RestructuringReserveCurrent
|
4238000 | usd |
CY2021Q4 | us-gaap |
Restructuring Reserve Current
RestructuringReserveCurrent
|
0 | usd |
CY2022Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
8494000 | usd |
CY2021Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
11263000 | usd |
CY2022Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
87364000 | usd |
CY2021Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
104456000 | usd |
CY2022Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
25000000 | shares |
CY2022Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
0 | usd |
CY2022Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
32000000 | usd |
CY2022Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
35000000 | usd |
CY2022Q3 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
67000000 | usd |
CY2022Q3 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
1053000 | usd |
CY2022Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
65947000 | usd |
CY2020Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
175000000 | shares |
CY2022Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
350000000 | shares |
CY2022Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
350000000 | shares |
CY2022Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.00001 | |
CY2022Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
183951583 | shares |
CY2022Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
183951583 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
177000963 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
177000963 | shares |
CY2022Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.00001 | |
CY2021Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2022Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2022Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2021Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2022Q3 | akba |
Number Of Stock Incentive Plans
NumberOfStockIncentivePlans
|
1 | stock_incentive_plan |
CY2022Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
1800000 | usd |
CY2021Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
1700000 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
5400000 | usd | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
5000000 | usd | |
CY2021Q3 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
1800000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
1800000 | usd |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
5500000 | usd | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
5300000 | usd | |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
1837000 | usd |
CY2022Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
|
461000 | usd |
CY2022Q3 | akba |
Lessee Operating Lease Liability Payments Net Reminder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsNetReminderOfFiscalYear
|
1376000 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
6954000 | usd |
CY2022Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
|
307000 | usd |
CY2022Q3 | akba |
Lessee Operating Lease Liability Payments Due Net Year One
LesseeOperatingLeaseLiabilityPaymentsDueNetYearOne
|
6647000 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
8167000 | usd |
CY2022Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
|
0 | usd |
CY2022Q3 | akba |
Lessee Operating Lease Liability Payments Due Net Year Two
LesseeOperatingLeaseLiabilityPaymentsDueNetYearTwo
|
8167000 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
8293000 | usd |
CY2022Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
|
0 | usd |
CY2022Q3 | akba |
Lessee Operating Lease Liability Payments Due Net Year Three
LesseeOperatingLeaseLiabilityPaymentsDueNetYearThree
|
8293000 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
6571000 | usd |
CY2022Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
|
0 | usd |
CY2022Q3 | akba |
Lessee Operating Lease Liability Payments Due Net Year Four
LesseeOperatingLeaseLiabilityPaymentsDueNetYearFour
|
6571000 | usd |
CY2022Q3 | akba |
Lessee Operating Lease Liability To Be Paid Due After Year Four
LesseeOperatingLeaseLiabilityToBePaidDueAfterYearFour
|
12200000 | usd |
CY2022Q3 | akba |
Lessor Operating Lease Payment To Be Received Due After Year Four
LessorOperatingLeasePaymentToBeReceivedDueAfterYearFour
|
0 | usd |
CY2022Q3 | akba |
Lessee Operating Lease Liability Payments Due Net After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueNetAfterYearFour
|
12200000 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
44022000 | usd |
CY2022Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
|
768000 | usd |
CY2022Q3 | akba |
Lessee Operating Lease Liability Payments Due Net
LesseeOperatingLeaseLiabilityPaymentsDueNet
|
43254000 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
44022000 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
8733000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
35289000 | usd |
CY2022Q3 | akba |
Excess Inventory Purchase Commitments Expense Reversal
ExcessInventoryPurchaseCommitmentsExpenseReversal
|
13200000 | usd |
CY2022Q3 | akba |
Inventory Adjustments To Previous Reserves
InventoryAdjustmentsToPreviousReserves
|
5800000 | usd |
CY2022Q3 | akba |
Inventory Adjustments To Previous Reserves
InventoryAdjustmentsToPreviousReserves
|
5800000 | usd |
CY2022Q1 | akba |
Excess Inventory Purchase Commitments Expense Reversal
ExcessInventoryPurchaseCommitmentsExpenseReversal
|
-800000 | usd |
CY2022Q1 | akba |
Inventory Adjustments To Previous Reserves
InventoryAdjustmentsToPreviousReserves
|
3200000 | usd |
CY2022Q3 | akba |
Purchase Committed Program Remaining Contract Costs
PurchaseCommittedProgramRemainingContractCosts
|
4600000 | usd |
us-gaap |
Research And Development Arrangement Contract To Perform For Others Costs Incurred Gross
ResearchAndDevelopmentArrangementContractToPerformForOthersCostsIncurredGross
|
176300000 | usd | |
CY2022Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
18816539 | shares |
CY2021Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
17482066 | shares |