NetworkNewsBreaks – Achaogen, Inc. (NASDAQ: AKAO) Receives ‘Buy’ Rating at Mizuho Securities

Mizuho Securities USA LLC has initiated coverage and issued a ‘Buy’ rating and price target of $28 on shares of Achaogen, Inc.’s (NASDAQ: AKAO) stock. Achaogen has a broad pipeline of novel anti-bacterial drugs currently in development, including its lead candidate Plazomicin, which the analyst considers to be a value driver for the company. Following the positive results from the pivotal EPIC and CARE trials for treatment of complicated urinary tract infections (cUTIs) and Carbapenem Resistant Enterobacteriaceae (CRE), the company is preparing Plazomicin to file a New Drug Application (NDA) close to year-end.

For more information, visit www.Achaogen.com

About Achaogen

Achaogen is a late-stage biopharmaceutical company passionately committed to the discovery, development, and commercialization of innovative antibacterial treatments for MDR gram-negative infections. Achaogen is developing plazomicin, its lead product candidate, for the treatment of serious bacterial infections due to MDR Enterobacteriaceae, including carbapenem-resistant Enterobacteriaceae. The Food and Drug Administration has granted plazomicin Breakthrough Therapy designation for the treatment of bloodstream infections caused by certain Enterobacteriaceae in patients who have limited or no alternative treatment options. Achaogen’s plazomicin program is funded in part with a contract from the Biomedical Advanced Research and Development Authority. The company’s second product candidate is C-Scape, an orally-administered beta-lactam/beta-lactamase inhibitor combination. Achaogen has other programs in early and late preclinical stages focused on other MDR gram-negative infections and additional disease areas. All product candidates are investigational only and have not been approved for commercialization.

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