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Tetraphase Pharmaceuticals intends to price public offering of stock
Proceeds used for Phase 3 program for eravacycline, working capital
By Devika Patel
Knoxville, Tenn., Oct. 25 - Tetraphase Pharmaceuticals, Inc. will price a public sale of its common stock with a greenshoe option, according to a Form S-1 filed Friday with the Securities and Exchange Commission.
BMO Capital Markets and Stifel are the joint bookrunners. Guggenheim Securities, JMP Securities and Needham & Co. are the co-managers.
Proceeds will be used to fund the company's Phase 3 program for eravacycline for the treatment of complicated intra-abdominal infections and complicated urinary tract infections and for working capital and other general corporate purposes.
The biopharmaceutical company is based in Watertown, Mass.
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