This document summarizes the key properties of peginesatide, a synthetic peptide-linked PEG conjugate recently approved for treatment of anemia in chronic kidney disease patients on dialysis. It is unrelated to erythropoietin but stimulates erythropoiesis through the erythropoietin receptor. Following IV or SC administration, it has a half-life of 25-53 hours in healthy individuals and 48-53 hours in CKD patients. Dosing is individualized based on hemoglobin levels and prior ESA therapy. Common adverse effects include hypertension, diarrhea and muscle spasms.