This problematic combination is part of what led to Auryxia generating a mere $1.8 millionin U.S. sales in the second-quarter of 2015, causing Keryx's share price to fall by 57% so far this year.
Looking ahead, Keryx, like its peers mentioned above, is staring down a major cash crunch. The company is on track to lose around $100 million this year. So, with only $131 million in cash in the bank at the end of the second-quarter, Keryx could be looking toward the market to raise funds within the next six months.
Looking ahead, Keryx, like its peers mentioned above, is staring down a major cash crunch. The company is on track to lose around $100 million this year. So, with only $131 million in cash in the bank at the end of the second-quarter, Keryx could be looking toward the market to raise funds within the next six months.