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Biotech / Medical : TTPH, Tetraphase Pharmaceuticals
TTPH 2.200-3.5%Jul 28 5:00 PM EST

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To: HardToFind who wrote (33)9/12/2016 3:50:04 PM
From: gcrispin1 Recommendation

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HardToFind

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"Do you consider it a knock on management..."

This was a forty dollar stock that is now selling for less than four dollars. It doesn't really matter what I think. It is what the market is telling you. The management team lost the confidence of the market. If you think about it, this company could be applying for an NDA right now. Instead they are repeating a phase 3 trial that will cost 30 million dollars. More importantly, they have extended the time of the cash burn.

You have to wonder if there will ever be a timely oral version of eravacycline.

That said, I have been a buyer at these levels as the stock is oversold. Tax loss selling will disappear, and the prospect of a second successful phase III trial will become clearer.
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