Inventory (Tables)

6 Months Ended

Jun. 30, 2020

Inventory Disclosure [Abstract]

Components of Inventory

The components of inventory, inclusive of step-up as a result of bringing Keryx’s inventory onto Akebia’s books at fair value in connection with the Merger, are summarized as follows:

	June 30, 2020		December 31, 2019
	(in thousands)
Raw materials	$	2,078	$	2,278
Work in process	101,641		137,858
Finished goods	38,636		42,096
Total inventory	$	142,355	$	182,232

Long-term inventory, which primarily consists of raw materials and work in process, is included in other assets in the Company’s unaudited condensed consolidated balance sheets.

	June 30, 2020		December 31, 2019
	(in thousands)
Balance Sheet Classification:
Inventory	$	104,603	$	116,349
Other assets	37,752		65,883
Total inventory	$	142,355	$	182,232