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Actionable news in AKAO: ACHAOGEN Inc,

Departure of Directors or Certain

Appointment of Director

On November 4, 2015, the Board of Directors (the Board) of Achaogen, Inc. (the Company) appointed Michael Fischbach, Ph.D., effective immediately, as a Class I director, with an initial term expiring at the Companys 2018 annual meeting of stockholders, filling a vacancy.

Dr. Fischbach will receive cash and equity compensation as provided in the Companys Non-Employee Director Compensation Program. Pursuant to this program, upon appointment to the Board, Dr. Fischbach received an option under the Companys 2014 Equity Incentive Award Plan to purchase 20,000 shares of the Companys common stock with an exercise price of $5.73 per share, the closing price of the Companys common stock on the date of appointment...