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Finance

Antibiotic developer Achaogen files for bankruptcy

by Michael McCoy
April 20, 2019 | APPEARED IN VOLUME 97, ISSUE 16

 

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Despite winning US Food and Drug Administration approval for a new antibiotic last year, Achaogen has filed for bankruptcy. The South San Francisco–based biotech firm launched the antibiotic, Zemdri (plazomicin), in July for adults with complicated urinary tract infections. However, by the end of the year the drug had brought in only $800,000 in sales. Achaogen hopes to sell off its assets, including Zemdri, by June 13.

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