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Press Release: Archaogen receives investment from the Bill & Melinda Gates Foundation to develop antibodies against gram-negative bacteria


May 5, 2017

Achaogen, Inc. (NASDAQ:AKAO), a late-stage biopharmaceutical company developing novel antibacterials addressing multidrug-resistant (MDR) gram-negative infections, today announced that it has signed an agreement with the Bill & Melinda Gates Foundation (the Gates Foundation) to partner in efforts to prevent neonatal sepsis in developing countries through the generation of monoclonal antibodies against gram-negative bacteria. Neonatal sepsis, a bacterial bloodstream infection (BSI) in newborn babies, causes approximately 345,000 deaths per year worldwide.

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