BioCentury on BioBusiness,
Figure: Idenix chronicles
Back to the parent article
Monday, June 16, 2014
Shares of Idenix Pharmaceuticals Inc.
(NASDAQ:IDIX) more than tripled last week after Merck & Co. Inc.
(NYSE:MRK) said it will acquire Idenix for $24.50 per share in cash, or about
$3.9B. The proposed takeout pushed the biotech's shares over $20 for the first
time since 2006.
Idenix shares have largely traded below $10 for the
past seven years, with the exception of a short-lived bump in early 2012 when
Bristol-Myers Squibb Co. (NYSE:BMY) acquired another HCV play, Inhibitex
Inc., for $2.5B. Over the years, Idenix has persevered through a number of
setbacks, including the discontinuation of HCV compounds IDX320, IDX184 and
words displayed of
To read this article, you must be an Archives subscriber. Please choose one of the options below.
All contents Copyright © 1993-2015 BioCentury Publications, Inc. ALL RIGHTS RESERVED. All use of this Web Site and its contents is governed by the BioCentury User Agreement
. The contents of this Web Site are protected under U.S. and foreign copyright and intellectual property laws, and no part of this Web Site or its contents may be photocopied, reproduced or retransmitted in any form without the written consent of BioCentury, which may be requested from Reprints/Permissions
. BioCentury®; The Bernstein Report on BioBusiness™; The BioCentury 100™; The Clear Route to ROI™; Because Real Intelligence is Hard to Find™; BCIQ™; and BioPharma's Knowledge Center™; are trademarks of BioCentury Publications, Inc., P.O. Box 1246, San Carlos, CA 94070. SciBX® and SciBX: Science-Business eXchange® are trademarks of Nature America, Inc. that are jointly used by BioCentury Publications, Inc. and Nature America, Inc.
Whether you want an individual subscription or need a global group license, we have the products,
the experience and the customer support that biopharma executives, researchers, investors, service providers,
and industry stakeholders have trusted for nearly two decades.
Let our Subscriber Services team customize the best intelligence package available in the industry to meet your needs.
Free Trial 4 Weeks of Access
Get a 4-week free trial subscription to see the important articles you are missing.
Get 4 Weeks Free
Thanks for purchasing this article.
Please bookmark this url for future reference.
We have also sent you a confirming e-mail with a receipt and this same url for your
close [ X ]