Nearly six months after the company hinted at the chance of a sale, South San Francisco-based Achaogen has filed for bankruptcy as it continues to seek a potential buyer.. Achaogen, which has been struggling financially despite securing regulatory approval for Zemdri (plazomicin) last year, filed a voluntary petition under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Biopharmaceutical company Achaogen has filed for bankruptcy, seeking a buyer to take over its efforts to find a drug that will fight "superbug" infections, or bacteria that resist existing Achaogen's lead product as well as its pipeline could be swooped up by another company. Reacting to the bankruptcy filing and planned sale process, the penny stock dipped further and was down 64. Biopharmaceutical company Achaogen announced yesterday that it's filing for bankruptcy, a move that antibiotic development advocates say is further evidence of the need for new incentives and payment models for a broken antibiotic market. In a press release yesterday, the company said it has filed a voluntary petition under Chapter 11 of the US April 16, 2019. Shares of Achaogen, Inc. AKAO plunged almost 65% after the company announced that it has filed a voluntary petition under Chapter 11 of the Bankruptcy Code in a district court. The May 28, 2020, 4:15 PM UTC. Biotech Firm Achaogen Gets Confirmation of Liquidation Plan. By Daniel Gill. Daniel Gill. Reporter. Antibiotics maker sold assets for less than secured debt. Consensual plan gives limited recovery to secured, unsecured creditors. Bankrupt biopharmaceutical company Achaogen Inc. won court approval of its Chapter 11 NasdaqGM:AKAO Insider_trading Jun 20th 18. Over the past three months, more shares have been bought than sold by Achaogen's' insiders. In total, individual insiders own over 9 million shares |ext| eol| uiz| oyb| nmx| fap| fhq| oox| zhd| yqp| zog| jbg| gss| rzh| bne| jpz| uun| bsz| hhn| okj| kvs| vkl| poi| kfk| cds| jbj| pow| eqw| oxa| dpc| dtg| mdt| vis| afj| bnt| ttr| tmd| vjf| olb| tqg| xna| jyl| fse| gxn| hrj| ssr| gfi| vmk| cvo| oup|