Another recent biotech IPO to come out of its quiet period today and buck the selling is...

|By:, SA News Editor

Another recent biotech IPO to come out of its quiet period today and buck the selling is TetraPhase Pharmaceutical (TTPH +0.5%). A number of firms initiate coverage; Needham and Stifel Nicolaus start it with a Buy, BMO and JMP Securities with an Outperform, and Barclays with an Overweight. The stock has gained 15% since its March 13 debut.