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AKAO

Achaogen

$23.81

0.36 (1.54%)

17:12
03/01/17
03/01
17:12
03/01/17
17:12

Achaogen highlights emerging pipeline of antibacterials

Achaogen held an R&D Day to provide an overview of its Research and Development programs including the Company's new orally-administered antibacterial candidate, C-Scape. The meeting consisted of presentations from members of Achaogen's leadership team and medical community key opinion leaders. "We aspire to solve the growing issue of antimicrobial resistance and we are very pleased to announce that we now have two potential development candidates to further this vision," said Kenneth Hillan, M.B. Ch.B., Achaogen's Chief Executive Officer. "We believe that with plazomicin, a pre-NDA candidate, and C-Scape, a 2017 Phase 1 candidate with potential for rapid development, we are positioned to advance our leadership in discovering, developing, and commercializing innovative antibacterials to treat the critical priority pathogens that cause highly resistant gram-negative infections."

  • 01

    Mar

AKAO Achaogen
$23.81

0.36 (1.54%)

01/04/17
LEER
01/04/17
INITIATION
Target $21
LEER
Outperform
Achaogen initiated with an Outperform at Leerink
Leerink analyst Paul Matteis started Achaogen with an Outperform rating and $21 price target as he believes the level of unmet need presented by carbapenem-resistant enterobacteriaceae, combined with clinical/microbiological superiority data for its lead product plazomicin, may drive relatively faster uptake.
01/23/17
GUGG
01/23/17
INITIATION
Target $30
GUGG
Buy
Achaogen initiated with a Buy at Guggenheim
Guggenheim analyst Louise Chen initiated Achaogen with a Buy and a $30 price target.
01/23/17
01/23/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Liberty Global (LBTYA) resumed with an Equal Weight at Morgan Stanley. 2. BioMarin (BMRN) and Incyte (INCY) were initiated with an Outperform at Credit Suisse. 3. GrubHub (GRUB) initiated with a Hold at Craig-Hallum. 4. Molson Coors (TAP) initiated with a Neutral at Credit Suisse. 5. Achaogen (AKAO) initiated with a Buy at Guggenheim. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
02/07/17
STFL
02/07/17
INITIATION
Target $27
STFL
Buy
Achaogen initiated with a Buy at Stifel
Stifel analyst Stephen Willey initiated Achaogen with a Buy and a $27 saying it is a development-stage biopharmaceutical company committed to the discovery, development, and commercialization of novel antibacterial agents to treat multi-drug resistant, or MDR, gram-negative infections. The analyst said MDR/gram-negative pathogens are of increasing epidemiological interest and clinical concern and expects recently announced EPIC and CARE data provide a clear regulatory path forward and establish wholly-owned plazomicin as a desperately needed treatment option in the fight against expanded spectrum beta-lactamase producing and carbapenem-resistant Enterobacteriaceae, respectively.

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