v3.26.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Value of Initial Fixed
$100
Investment Based on:
Year
(a)
Summary
Compensation
Table Total
for PEO (1)
$
(b)
Compensation
Actually Paid
to PEO (2)(3)
$
(c)
Average
Summary
Compensation
Table Total
for Non-PEO
Named
Executive
Officers (4)
$
(d)
Average
Compensation
Actually Paid
to Non-PEO
Named
Executive
Officers
(2)(3)(4)
$
(e)
Total
Shareholder
Return
$
(f)
Peer Group
Total
Shareholder
Return (5)
$
(g)
Net Income
(Loss)
(in millions)
$
(h)
Net Product
Revenue (6)
(in millions)
$
(i)
20255,652,339 4,222,168 1,793,527 1,537,456 57.50 124.75 (5.3)227.3 
20244,260,114 5,569,779 1,428,373 1,388,958 67.86 93.49 (69.4)152.2 
20232,775,123 4,501,506 1,232,633 1,518,205 44.29 94.03 (51.9)170.3 
20223,072,539 707,639 1,372,956 623,367 20.61 89.90 (94.2)177.1 
20213,133,316 2,424,435 1,402,223 1,167,442 80.71 100.02 (282.0)142.2 
       
Company Selected Measure Name net product revenue        
Named Executive Officers, Footnote The PEO for all five fiscal years is our Chief Executive Officer, John P. Butler. Non-PEO NEOs reflect the average Summary Compensation Table total compensation and average Compensation Actually Paid for the following executives by year:
2025: Erik J. Ostrowski, Steven K. Burke, M.D., Nicholas P. Grund
2024: Erik J. Ostrowski, Ellen E. Snow, Steven K. Burke, M.D., Nicholas P. Grund, Michel Dahan
2023: David A. Spellman, Steven K. Burke, M.D., Michel Dahan, Nicole Hadas, Ellen Snow
2022: David A. Spellman, Steven K. Burke, M.D., Michel Dahan, Nicole R. Hadas
2021: David A. Spellman, Steven K. Burke, M.D., Michel Dahan, Dell Faulkingham
       
Peer Group Issuers, Footnote The Peer Group Total Shareholder Return set forth in this table utilizes the Nasdaq Biotechnology Index, which we also utilized in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report on Form 10-K for the year ended December 31, 2025.        
PEO Total Compensation Amount $ 5,652,339 $ 4,260,114 $ 2,775,123 $ 3,072,539 $ 3,133,316
PEO Actually Paid Compensation Amount $ 4,222,168 5,569,779 4,501,506 707,639 2,424,435
Adjustment To PEO Compensation, Footnote The amounts shown for 2025 Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s named executive officers during the applicable year. Calculations reflect the Summary Compensation Table Total with certain adjustments made in accordance with Item 402(v), as summarized in the following table:
20252024202320222021
AdjustmentsPEOAverage
Non-PEO
NEOs
PEOAverage
Non-PEO
NEOs
PEO Average
Non-PEO
NEOs
PEO Average
Non-PEO
NEOs
PEO Average
Non-PEO
NEOs
Total Compensation from Summary Compensation Table$5,652,339 $1,793,527 $4,260,114 $1,428,373 $2,775,123 $1,232,633 $3,072,539 $1,372,956 $3,133,316 $1,402,223 
Adjustments for Pension
Adjustment Summary Compensation Table Pension$— $— $— $— $— $— $— $— $— $— 
Amount added for current year service cost$— $— $— $— $— $— $— $— $— $— 
Amount added for prior service cost impacting current year$— $— $— $— $— $— $— $— $— $— 
Total Adjustments for Pension$— $— $— $— $— $— $— $— $— $— 
Adjustments for Equity Awards
(Subtract): Aggregate value for stock awards and option awards included in the Summary Compensation Table for the covered fiscal year$(4,189,136)$(999,491)$(2,328,778)$(781,080)$(964,987)$(458,963)$(1,749,327)$(585,304)$(1,772,676)$(600,887)
Add: Fair value at year end of awards granted during the covered fiscal year that were outstanding and unvested at the covered fiscal year end$2,758,591 $668,599 $2,598,318 $814,509 $2,019,961 $428,553 $444,435 $216,457 $1,126,591 $395,336 
20252024202320222021
AdjustmentsPEOAverage
Non-PEO
NEOs
PEOAverage
Non-PEO
NEOs
PEO Average
Non-PEO
NEOs
PEO Average
Non-PEO
NEOs
PEO Average
Non-PEO
NEOs
(Subtract): Year-over-year change in fair value at covered fiscal year end of awards granted in any prior fiscal year that were outstanding and unvested at the covered fiscal year end$(566,748)$(175,372)$786,724 $61,202 $491,497 $89,830 $(811,280)$(279,696)$(282,800)$(87,551)
Vesting date fair value of awards granted and vested during the covered fiscal year$— $— $— $— $— $— $— $— $— $— 
Add (Subtract): Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during the covered fiscal year$567,122 $250,193 $253,401 $21,802 $179,912 $241,751 $(248,729)$(101,046)$220,005 $58,321 
(Subtract): Fair value at end of prior fiscal year of awards granted in any prior fiscal year that failed to meet the applicable vesting conditions during the covered fiscal year$— $— $— $(155,848)$— $(15,600)$— $— $— $— 
Add: Dividends or other earnings paid on stock or option awards in the covered fiscal year prior to vesting if not otherwise included in the total compensation for the covered fiscal year$— $— $— $— $— $— $— $— $— $— 
Total Adjustments for Equity Awards$(1,430,171)$(256,071)$1,309,665 $(39,415)$1,726,383 $285,571 $(2,364,900)$(749,588)$(708,881)$(234,781)
Compensation Actually Paid (as calculated)$4,222,168 $1,537,456 $5,569,779 $1,388,958 $4,501,506 $1,518,205 $707,639 $623,367 $2,424,435 $1,167,442 
       
Non-PEO NEO Average Total Compensation Amount $ 1,793,527 1,428,373 1,232,633 1,372,956 1,402,223
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,537,456 1,388,958 1,518,205 623,367 1,167,442
Adjustment to Non-PEO NEO Compensation Footnote The amounts shown for 2025 Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s named executive officers during the applicable year. Calculations reflect the Summary Compensation Table Total with certain adjustments made in accordance with Item 402(v), as summarized in the following table:
20252024202320222021
AdjustmentsPEOAverage
Non-PEO
NEOs
PEOAverage
Non-PEO
NEOs
PEO Average
Non-PEO
NEOs
PEO Average
Non-PEO
NEOs
PEO Average
Non-PEO
NEOs
Total Compensation from Summary Compensation Table$5,652,339 $1,793,527 $4,260,114 $1,428,373 $2,775,123 $1,232,633 $3,072,539 $1,372,956 $3,133,316 $1,402,223 
Adjustments for Pension
Adjustment Summary Compensation Table Pension$— $— $— $— $— $— $— $— $— $— 
Amount added for current year service cost$— $— $— $— $— $— $— $— $— $— 
Amount added for prior service cost impacting current year$— $— $— $— $— $— $— $— $— $— 
Total Adjustments for Pension$— $— $— $— $— $— $— $— $— $— 
Adjustments for Equity Awards
(Subtract): Aggregate value for stock awards and option awards included in the Summary Compensation Table for the covered fiscal year$(4,189,136)$(999,491)$(2,328,778)$(781,080)$(964,987)$(458,963)$(1,749,327)$(585,304)$(1,772,676)$(600,887)
Add: Fair value at year end of awards granted during the covered fiscal year that were outstanding and unvested at the covered fiscal year end$2,758,591 $668,599 $2,598,318 $814,509 $2,019,961 $428,553 $444,435 $216,457 $1,126,591 $395,336 
20252024202320222021
AdjustmentsPEOAverage
Non-PEO
NEOs
PEOAverage
Non-PEO
NEOs
PEO Average
Non-PEO
NEOs
PEO Average
Non-PEO
NEOs
PEO Average
Non-PEO
NEOs
(Subtract): Year-over-year change in fair value at covered fiscal year end of awards granted in any prior fiscal year that were outstanding and unvested at the covered fiscal year end$(566,748)$(175,372)$786,724 $61,202 $491,497 $89,830 $(811,280)$(279,696)$(282,800)$(87,551)
Vesting date fair value of awards granted and vested during the covered fiscal year$— $— $— $— $— $— $— $— $— $— 
Add (Subtract): Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during the covered fiscal year$567,122 $250,193 $253,401 $21,802 $179,912 $241,751 $(248,729)$(101,046)$220,005 $58,321 
(Subtract): Fair value at end of prior fiscal year of awards granted in any prior fiscal year that failed to meet the applicable vesting conditions during the covered fiscal year$— $— $— $(155,848)$— $(15,600)$— $— $— $— 
Add: Dividends or other earnings paid on stock or option awards in the covered fiscal year prior to vesting if not otherwise included in the total compensation for the covered fiscal year$— $— $— $— $— $— $— $— $— $— 
Total Adjustments for Equity Awards$(1,430,171)$(256,071)$1,309,665 $(39,415)$1,726,383 $285,571 $(2,364,900)$(749,588)$(708,881)$(234,781)
Compensation Actually Paid (as calculated)$4,222,168 $1,537,456 $5,569,779 $1,388,958 $4,501,506 $1,518,205 $707,639 $623,367 $2,424,435 $1,167,442 
       
Compensation Actually Paid vs. Total Shareholder Return
The following charts show the relationships over the past five years of the Compensation Actually Paid, or CAP, amounts for our PEO and Non-PEO NEOs as compared to our cumulative total shareholder return, or TSR, peer group TSR, Net Income (Loss) and Net Product Revenue, as well as the relationship between our TSR and our peer group TSR:
cap v tsr.jpg
       
Compensation Actually Paid vs. Net Income
The following charts show the relationships over the past five years of the Compensation Actually Paid, or CAP, amounts for our PEO and Non-PEO NEOs as compared to our cumulative total shareholder return, or TSR, peer group TSR, Net Income (Loss) and Net Product Revenue, as well as the relationship between our TSR and our peer group TSR:
cap v net income 2.jpg
       
Compensation Actually Paid vs. Company Selected Measure
The following charts show the relationships over the past five years of the Compensation Actually Paid, or CAP, amounts for our PEO and Non-PEO NEOs as compared to our cumulative total shareholder return, or TSR, peer group TSR, Net Income (Loss) and Net Product Revenue, as well as the relationship between our TSR and our peer group TSR:
cap v net product revenue.jpg
       
Total Shareholder Return Vs Peer Group
The following charts show the relationships over the past five years of the Compensation Actually Paid, or CAP, amounts for our PEO and Non-PEO NEOs as compared to our cumulative total shareholder return, or TSR, peer group TSR, Net Income (Loss) and Net Product Revenue, as well as the relationship between our TSR and our peer group TSR:
cap v tsr.jpg
       
Tabular List, Table
Net Product Revenue
Vafseo Lifecycle Management & Progressing Pipeline
Cash Management
Stock Price Performance
       
Total Shareholder Return Amount $ 57.50 67.86 44.29 20.61 80.71
Peer Group Total Shareholder Return Amount 124.75 93.49 94.03 89.90 100.02
Net Income (Loss) $ (5,300,000) $ (69,400,000) $ (51,900,000) $ (94,200,000) $ (282,000,000.0)
Company Selected Measure Amount 227,300,000 152,200,000 170,300,000 177,100,000 142,200,000
PEO Name John P. Butler        
Additional 402(v) Disclosure The following summarizes the valuation assumptions used for stock option awards included as part of Compensation Actually Paid:
-Expected life of each stock option is based on the "simplified method" using an average of the remaining vest and remaining term, as of the vest/fiscal year end date.
-Exercise price is based on each grant date closing price and asset price is based on each vest/fiscal year end closing price.
-Risk free rate is based on the Treasury Constant Maturity rate closest to the remaining expected life as of the vest/fiscal year end date.
-Historical volatility is based on daily price history for each expected life (years) prior to each vest/fiscal year end date. Closing prices provided by S&P Capital IQ are adjusted for dividends and splits.
We determined net product revenue to be the most important financial performance measure used to link our performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in 2025. This performance measure may not have been the most important financial performance measure for prior years, and we may determine a different financial performance measure to be the most important financial performance measure in future years.
       
Measure:: 1          
Pay vs Performance Disclosure          
Name Net Product Revenue        
Measure:: 2          
Pay vs Performance Disclosure          
Name Vafseo Lifecycle Management & Progressing Pipeline        
Measure:: 3          
Pay vs Performance Disclosure          
Name Cash Management        
Measure:: 4          
Pay vs Performance Disclosure          
Name Stock Price Performance        
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0 $ 0
PEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Pension Adjustments Prior Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,430,171) 1,309,665 1,726,383 (2,364,900) (708,881)
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (4,189,136) (2,328,778) (964,987) (1,749,327) (1,772,676)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,758,591 2,598,318 2,019,961 444,435 1,126,591
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (566,748) 786,724 491,497 (811,280) (282,800)
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 567,122 253,401 179,912 (248,729) 220,005
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Aggregate Pension Adjustments, Excluding Value Reported in Summary Compensation Table [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Pension Adjustments Prior Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (256,071) (39,415) 285,571 (749,588) (234,781)
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (999,491) (781,080) (458,963) (585,304) (600,887)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 668,599 814,509 428,553 216,457 395,336
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (175,372) 61,202 89,830 (279,696) (87,551)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 250,193 21,802 241,751 (101,046) 58,321
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 (155,848) (15,600) 0 0
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Aggregate Pension Adjustments, Excluding Value Reported in Summary Compensation Table [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0 $ 0