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Fly News Breaks for May 5, 2017
TTPH
May 5, 2017 | 10:57 EDT
SunTrust analyst Edward Nash said Tetraphase weakness may be related to higher than consensus Q1 loss per share, due to two Phase III studies ongoing. Nash said the balance sheet remains healthy and fundamentals are strong and recommends buying Tetraphase shares ahead of the data readout from the de-risked IGNITE 4 study. The analyst rates shares a Buy with a $14 price target.
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