4 Biotech Stocks That More Than Doubled In 2016

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Achaogen, Inc. (AKAO - Free Report) : South San Francisco, CA-based Achaogen is another company that had a phenomenal run this year mainly due to positive data on its lead pipeline candidate. Shares are up 116.7% YTD with the stock receiving a major boost earlier this month when the company reported positive late-stage data on plazomicin. The candidate achieved the primary endpoint of non-inferiority (for the FDA) and superiority (for the European Medicines Agency - EMA) compared to meropenem in patients with complicated urinary tract infections (cUTI) and acute pyelonephritis (AP). Results from another phase III study showed a lower rate of mortality or serious disease-related complications for plazomicin compared with colistin therapy in patients with serious infections due to carbapenem-resistant Enterobacteriaceae (CRE). Achaogen intends to seek FDA approval for the treatment in the second half of 2017 and EMA approval in 2018. 

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While Exelixis, TESARO and Achaogen are all Zacks Rank #3 (Hold) stocks, CoLucid is a Zacks Rank #2 (Buy) stock. 

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