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Biotech / Medical : biotech firesales
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To: tuck who wrote (3614)2/15/2019 10:28:57 AM
From: tuck  Read Replies (1) of 3661
 
Achaogen (AKAO) off another 28% on an even slower than expected launch of plazomycin into the cUTI market. Burning cash pretty fast, so there's an offering coming near multi-year lows in the offing.

Got that right. Off 35% today on secondary, into penny stock status. Glad I bailed on this one when I finally did. Jeez.

Cheers, Tuck
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