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Tetraphase has hit a snag, failing inferiority testing with an antibiotic at phase III. The company should be considered as having two phase I clinical trial programs, with one of those molecules having passed a single phase III trial. Current plans are to file in Europe for eravacycline, but it's back to phase I for the U.S. Last share offering, 3/15, was at $35. Current shares (1/28/16) are going for $5.18. | ||||||||||||||
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