Anemia is a common complication of chronic kidney disease; it is mainly treated with erythropoiesis-stimulating agents (ESA) and iron. Experimental studies extensively investigated the mechanisms involved in the body's response to hypoxia and led to the discovery of the hypoxia-inducible factor (HIF) pathway and the enzymes regulating its function. HIF-prolyl-hydroxyl domain (PHD) inhibitors are a new class of oral drugs developed to treat anemia in chronic kidney disease. By inhibiting the function of PHD enzymes, they mimic the exposure to moderate hypoxia and stimulate the production of endogenous erythropoietin and very likely increase iron availability. Some data also suggest that their efficacy and, consequently, dose needs are less influenced by inflammation than ESA. Overall, data from phase-II and III clinical development showed efficacy in anemia correction and maintenance for all the class molecules compared to placebo (superiority) or erythropoiesis-stimulating agents (non-inferiority). Three molecules, roxadustat, vadadustat and daprodustat, underwent extensive clinical investigation to assess their safety on hard cardiovascular endpoints, mortality, and special interest events (including cancer and thrombosis). Aside from vadadustat in the non-dialysis population, at the prespecified primary analyses, all the three molecules met the non-inferiority margin for the risk of major cardiovascular events compared to erythropoiesis stimulating agents or placebo. The reason for this discrepancy is difficult to explain. Other safety signals came from secondary analyses of some of the other randomized clinical trials, including a higher incidence of thrombosis. A more extensive clinical experience with post-marketing data on hard safety issues is needed to define better when and how to use HIF-PHD inhibitors compared to already available ESA.