Furiex Pharma reportedly seeking buyer, shares jump

|About: Furiex Pharmaceuticals, Inc. (FURX)|By:, SA News Editor

Bloomberg reports Furiex Pharma (FURX +6.5%) has hired BofA/Merrill to help find a buyer. Shares have spiked higher in response.

Two weeks ago, Furiex more than doubled in response to news its Eluxadoline irritable bowel syndrome drug had met the company's main objectives in a late-stage study.