Two Watertown Pharmaceutical Companies Hit the Stock Exchange This Week
Enanta and Tetraphase pharmaceuticals are now trading on the NASDAQ.
Two Watertown companies joined the NASDAQ exchange this week.
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Two Watertown drug developers went public this week when they joined the NASDAQ stock exchange.
Enanta Pharmaceuticals (NASDAQ symbol - ENTA) and Tetraphase Pharmaceuticals (TTPH) are now trading publicly, according to an article on xconomy.com.
Enanta, which developed a drug for hepatitis C in collaboration with Novartis and AbbVie, sold 4 million shares at $14 apiece to raise $56 million, according to the report.
Tetraphase raised $75 million by selling 10.7 million shares at $7 a share, the report said. The company is working on antibiotics to treat multi-drug resistant bacteria infections.
To read the entire xconomy.com article, click here.
