Inventory (Tables)

9 Months Ended

Sep. 30, 2020

Inventory Disclosure [Abstract]

Schedule of Inventory Components

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:

	September 30, 2020		December 31, 2019
	(in thousands)
Raw materials	$	2,493	$	2,278
Work in process	90,160		137,858
Finished goods	27,524		42,096
Total inventory	$	120,177	$	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.

	September 30, 2020		December 31, 2019
	(in thousands)
Balance Sheet Classification:
Inventory	$	88,242	$	116,349
Other assets	31,935		65,883
Total inventory	$	120,177	$	182,232