Form 8-K TETRAPHASE PHARMACEUTICA For: Feb 13

Go back to Form 8-K TETRAPHASE PHARMACEUTICA For: Feb 13

Tetraphase Pharmaceuticals (TTPH) PT Lowered to $6 at Stifel; Path Forward Complicated, But Still There

February 14, 2018 6:28 AM EST

Stifel lowered its price target on Tetraphase Pharmaceuticals (NASDAQ: TTPH) to $6.00 (from $13.00) while maintaining a Buy rating following the Phase 3 IGNITE3 trial failure.

Analyst Stephen Willey commented, "The failure of the P3 IGNITE3 trial to demonstrate the non-inferiority (NI) of intravenously-administered eravacycline vs.... More