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Akebia upgraded to Buy from Neutral at H.C. Wainwright

H.C. Wainwright upgraded Akebia Therapeutics to Buy from Neutral with a $3.75 price target. With meeting minutes confirmation, the analyst is now :highly confident” in the FDA approval of vadadustat early next year. The firm expects vadadustat’s FDA approval in March 2024, saying the meeting minutes “fully aligned” with an expedited approval path.

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