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Idenix (IDIX) Up 45%, Achillion (ACHN) Up 15% On Inhibitex Takeover

January 9, 2012 7:46 AM EST
Inhibitex (Nasdaq: INHX) peers are already seeing big upside in pre-open trading Monday following this weekend's big takeover by Bristol-Myers Squibb's (NYSE: BMY) at a 163% premium.

Idenix Pharmaceuticals (Nasdaq: IDIX) is up 45% and Achillion Pharmaceuticals (Nasdaq: ACHN) is up Achillion Pharmaceuticals, Inc. (Nasdaq: ACHN) is already up 15%.

Bigger and more established Hep C player Vertex Pharmaceuticals (Nasdaq: VRTX) is up 3%.

Click here for more takeover targets in the broader biotech space.


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