Idenix Pharmaceuticals (IDIX) Now Up 73% This Week On Takeover Chatter
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Idenix Pharmaceuticals, Inc. (Nasdaq: IDIX) is indicated to open higher for the third straight session following this weekend's takeover of Inhibitex (Nasdaq: INHX) by Bristol-Myers at a 163% premium, albeit modestly.
Takeover talk has been swirling around the company since the deal for its Hep-C peer. Investors say Idenix is the next obvious takeover target, along with Achillion Pharmaceuticals, Inc. (Nasdaq: ACHN).
Shares of IDIX last traded at $12.22 in pre-open trading, up 1.8 percent. The stock is up 73 percent on the week.
Takeover talk has been swirling around the company since the deal for its Hep-C peer. Investors say Idenix is the next obvious takeover target, along with Achillion Pharmaceuticals, Inc. (Nasdaq: ACHN).
Shares of IDIX last traded at $12.22 in pre-open trading, up 1.8 percent. The stock is up 73 percent on the week.
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