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