Targanta Therapeutics IPO Fails to Fire up Investors  
10/11/2007 6:06:54 AM

Targanta Therapeutics Corp., the latest local biotech company to go public this year, had an underwhelming debut yesterday. First, the Cambridge company was forced to price its initial shares at $10, well below the $12 to $14 range expected. Then, during the first day of trading, shares slipped another 60 cents to $9.40, down 6 percent.