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ubmmg

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ubmmg

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Monday, 04/15/2019 9:04:53 AM

Monday, April 15, 2019 9:04:53 AM

Post# of 108192
Another biotech files for Chapter 11...
Notice their MC was just above 30M before filing for a bankruptcy. They had an approved drug in the markets, EV higher than the entire MC, but could not make it. What chances does Advaxis have now?

https://seekingalpha.com/news/3450567-achaogen-files-bankruptcy-protection
Achaogen files for bankruptcy protection
Apr. 15, 2019 7:58 AM ET|About: Achaogen, Inc. (AKAO)|By: Douglas W. House, SA News Editor
Longs in nano cap Achaogen (NASDAQ:AKAO) are facing a near-total wipeout this morning on the news that it has filed for Chapter 11 bankruptcy protection.

Trading is currently suspended.

Update: Shares are down 57% on resumption of trading.
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