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Finance
Antibiotic developer Achaogen files for bankruptcy
by Michael McCoy
April 20, 2019
| A version of this story appeared in
Volume 97, Issue 16
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.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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