An investigation for investors in Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) shares over potential securities laws violations by Tetraphase Pharmaceuticals was announced.
San Diego, CA -- (SBWIRE) -- 02/28/2018 -- An investigation was announced investors in NASDAQ:TTPH shares over possible violations of securities laws by Tetraphase Pharmaceuticals and certain of its directors and officers.
Investors who purchased shares of Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Tetraphase Pharmaceuticals regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Watertown, MA based Tetraphase Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company. The Company uses its chemistry technology to create antibiotics for multidrug-resistant infections. Tetraphase Pharmaceuticals Inc reported that its annual Total Revenue declined from $11.69 million in 2015 to $5.14 million in 2016 and that its Net Loss declined from $83.19 million in 2015 to $77.48 million in 2016.
On February 13, 2018, Tetraphase Pharmaceuticals Inc announced that its IGNITE3 clinical trial did not achieve its co-primary endpoints of responder rate at the end of treatment and test-of-cure visit. The price of Tetraphase stock fell significantly following the announcement.
Shares of Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) declined on February 20, 2018, to $2.07 per share.
Those who purchased shares of Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com