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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Fri., Oct. 24, 11:25 PM

Slide #8. Tetraphase Pharmaceuticals, Inc. Secondary Offering

Company: Tetraphase Pharmaceuticals, Inc. (NASDAQ:TTPH)
Date announced: 10/15/2014
Shares Offered: 3,950,000
Date of Pricing: 10/16/2014
Price Per Share: $19.00
Secondary Offering Details: Tetraphase Pharmaceuticals, Inc. (NASDAQ:TTPH) today announced that it intends to offer and sell up to $75,000,000 of shares of its common stock in an underwritten public offering. All of the shares of common stock to be sold in the offering will be offered by Tetraphase. - updated 10/16 - Tetraphase Pharmaceuticals, Inc. (NASDAQ:TTPH) today announced the pricing of an underwritten public offering of 3,950,000 shares of common stock for a public offering price of $19.00 per share. The gross proceeds to Tetraphase from this offering are expected to be approximately $75 million, before deducting underwriting discounts and commissions and offering expenses payable by Tetraphase. Tetraphase has granted to the underwriters participating in the offering a 30-day option to purchase up to an additional 592,500 shares of common stock. All of the shares of common stock to be sold in the offering are to be sold by Tetraphase. The offering is expected to close on or about October 22, 2014, subject to customary closing conditions.

Tetraphase Pharmaceuticals is a clinical stage biopharmaceutical company using its proprietary chemistry technology to develop novel antibiotics for multidrug-resistant infections. Co.'s key product candidate, eravacycline, is a fully synthetic tetracycline derivative developed as an intravenous and oral antibiotic for use as a first-line empiric monotherapy for the treatment of multidrug-resistant infections, including Gram-negative infections. Co. is also pursuing the discovery and development of TP-271, a preclinical compound developed for respiratory diseases due to bacterial biothreat pathogens, and additional antibiotics to target multidrug-resistant Gram-negative bacteria.
Open the TTPH Page at The Online Investor »

Company Name:  Tetraphase Pharmaceuticals, Inc
Website:  www.tphase.com
Sector:  Drugs & Pharmaceuticals
Number of ETFs Holding TTPH:  14
Total Market Value Held by ETFs:  $15.59M
Total Market Capitalization:  $608.00M
% of Market Cap. Held by ETFs:  2.56%
 

Open the TTPH Page at The Online Investor (in a new window) »

October 24, 2014    11:25 PM Eastern
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Strong Buy (3.86 out of 4)
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