Tetraphase drops after drug trial for urinary tract infections fails
Tetraphase Pharmaceuticals (Nasdaq: TTPH) has said that late stage trials for its drug to treat complicated urinary tract infections (cUTI) failed to meet its primary endpoint. The news sent the shares tumbling on Nasdaq overnight.
A lot was riding on the drug candidate as the USA-based company is still in the trial phase with no products in the market. However, there may be hopes the drug candidate eravacycline, may still be commercially viable in some other segments if not cUTI.
Chief executive Guy Macdonald, said: "We continue to believe that eravacycline can benefit patients with serious infections, particularly those caused by difficult-to-treat Gram-negative bacteria."
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