Tetraphase Pharma (TTPH) Misses Q2 EPS by 10c

Tetraphase Pharma (NASDAQ: TTPH) reported Q2 EPS of ($0.72), $0.10 worse than the analyst estimate of ($0.62). Revenue for the quarter came in at $3.3 million versus the consensus estimate of $2.73 million.

"We made significant progress against our 2015 objectives in the second quarter," said Guy Macdonald, Tetraphase's President and Chief Executive Officer. "We reported detailed positive results from IGNITE1, the Company's pivotal phase 3 clinical trial evaluating the safety and efficacy of eravacycline for the treatment of complicated intra-abdominal infections (cIAI) at ECCMID 2015, and completed enrollment in the pivotal portion of IGNITE2, our second phase 3 clinical trial of eravacycline for the treatment of complicated urinary tract infections (cUTI). We look forward to receiving the results from the pivotal portion of IGNITE2 and remain on track to report the top-line data this quarter."

Macdonald continued, "We are also pleased to report that we have filed an Investigational New Drug Application (IND) with the U.S. Food and Drug Administration (FDA) for TP-271, a novel broad spectrum antibiotic which is being developed with funding from the National Institute of Allergy and Infectious Diseases (NIAID) for the treatment of respiratory infections caused by bacterial biothreats. We look forward to evaluating TP-271 in our phase 1 clinical trial program."

For earnings history and earnings-related data on Tetraphase Pharma (TTPH) click here.

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