Cipla USA Inc. entered into a preliminary agreement to acquire worldwide right to C-Scape of Achaogen, Inc. (OTCPK:AKAO.Q) on June 12, 2019. As of June 20, 2019, Cipla USA Inc. entered into an agreement to acquire worldwide right to C-Scape of Achaogen, Inc. for $1.2 million. The consideration for the transaction is in cash and the acquisition includes AMP program assets and certain related liabilities and certain information technology assets. The transaction is subject to to execution of definitive documents and approval of the Bankruptcy Court. The transaction is expected to close no later than June 28, 2019. Richard Wynne and Erin Brady of Hogan Lovells US LLP acted as legal advisor to Achaogen, Inc. Deepak Nambiar of Kelley Drye & Warren LLP acted as legal advisor to Cipla USA Inc. Nick Campbell of Meru, LLC acted as financial advisor to Achaogen, Inc. Cipla USA Inc. cancelled the acquisition of worldwide right to C-Scape of Achaogen, Inc. (OTCPK:AKAO.Q) on June 12, 2020.