| Founded | 2002 |
|---|---|
| Closed | 2019 |
| Country | USA |
| Sector | Biotech |
| Collapse type | Bankruptcy |
Achaogen
"Achaogen spent 15 years developing a new antibiotic, won FDA approval in June 2018 — and filed for Chapter 7 bankruptcy in April 2019, just 10 months after approval, because hospital purchasing refused to pay for its drug."
Key Events Timeline
Achaogen developed plazomicin (Zemdri) to treat drug-resistant bacterial infections.
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