Achaogen (AKAO) Misses Q4 EPS by 3c

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Needham & Company Downgrades Achaogen (AKAO) to Hold

March 16, 2016 6:52 AM EDT

Needham & Company downgraded Achaogen (NASDAQ: AKAO) from Buy to Hold.

Analyst Alan Carr commented, "Achaogen provided a 4Q15 update yesterday. Enrollment in plazomicin Phase 3 CRE trial remains slow. Mgmt has concluded that a superiority trial in this indication is not feasible and will... More