Friday, January 27, 2012, 8:56 AM
Idenix Pharmaceuticals (IDIX) -9.6% after Stifel Nicolaus downgrades shares to Sell from Hold at Stifel Nicolaus, which believes the "significant difference" in potency existing between IDIX's hepatitis C drug and those made by Pharmasset (VRUS) and Inhibitex (INHX) has important implications on how remaining "potential consolidators" strategically view the companies.
Comment![Healthcare, On the Move]
Tuesday, January 24, 2012, 10:36 AM
Following a common theme of Hepatitis C-related stocks running together, Achillion Pharmaceuticals (ACHN +12.1%) rallies strongly after Israel-based BioLineRX announces a major development deal. Other Hep-C players to watch: INHX, IDIX, VRTX.
Comment![Healthcare, On the Move]
Wednesday, January 11, 2012, 10:49 AM
Fitch maintains Bristol-Myers Squibb's (BMY) debt rating at A+ and its outlook at Negative following the drug company's deal to buy Inhibitex (INHX) for $2.5B. While Bristol has enough cash to pay for Inhibitex, the latter won't provide immediate relief to an expected fall in Bristol's revenues because of the expiration of patents.
Comment![Quick Ideas]
Monday, January 9, 2012, 12:59 PM
Other Hepatitis C drug-developers' shares rally on the back of Bristol-Myers (BMY -1.1%) plans to buy Inhibitex (INHX +141%): Idenix Pharmaceuticals (IDIX +34%), Achillion Pharmaceuticals (ACHN +16%) and Vertex Pharmaceuticals (VRTX +4%).
Comment![Healthcare, On the Move]
Monday, January 9, 2012, 5:53 AM
Bristol-Myers Squibb (BMY) said over the weekend that it has agreed to buy Inhibitex (INHX) for $2.5B as it looks to boost its pipeline ahead of the loss of patent protection for its blood thinner Plavix. The $26/share bid is over double Inhibitex's $9.87 close on Friday despite its main drug, for hepatitis C, only being in mid-stage trials. (PR)
1 Comment[M&A, Top Stories, Healthcare]
Friday, January 6, 2012, 3:33 PM
Shares of Inhibitex (INHX +2.3%) tack on a gain, helped along with a note from Noble Financial's Nathan Cali to clients saying he believes the firm's INX-189 drug increases the chances of a "lucrative" partnership deal or merger in the future.
Comment![On the Move, Healthcare]
Wednesday, January 4, 2012, 6:03 PM
Inhibitex (INHX -6.4%) had an interesting day. Shares fell as much as 16% in early trading, apparently due to cautious comments from BofA's Rachel McMinn, who thinks there could be considerable downside if a safety check for the company's INX-189 hepatitis drug turns up any issues. However, shares pared the majority of their losses after other analysts came to Inhibitex's defense.
Comment![Healthcare, On the Move]
Friday, December 30, 2011, 8:05 PM
Top five Dow gainers of 2011: MCD +31%, IBM +27%, PFE +24%, HD +20%, KFT +20%. Top S&P gainers: COG +103%, EP +92%, ISRG +81%, MA +69%, BIIB +65%. Top Nasdaq gainers: VRUS +469%, EGAN +412%, SIMO +392%, INHX +308%, TSTF +276%.
1 Comment
Friday, December 16, 2011, 9:59 AM
Following news that Pharmasset (VRUS -3.4%) will discontinue Phase 2b trials of its hepatitis drug, other hepatitis-related companies are seeing dramatic share movement. Rallying: VRTX +3.9%, ACHN +1.4%. Declining: INHX -27%, IDIX -13.3%.
Comment![On the Move, Healthcare]
Tuesday, November 29, 2011, 9:11 AM
Inhibitex (INHX) gains 6.5% in premarket trading after reporting positive data from clinical tests of its INX-189 hepatitis C treatment and saying it plans to expand its testing to evaluate the effect of various doses. The company notes it will use the proceeds from a 1.9M common stock offering to help support its INHX-189 development in 2012.
Comment![On the Move, Healthcare]
Monday, November 21, 2011, 11:02 AM
The huge runup in shares of Inhibitex (INHX +32%) following the announcement of the Gilead-Pharmasset deal makes sense to Canaccord Genuity. Analysts with the firm say the premium paid by Gilead (GILD -11.3%) validates the nuc prodrug platform and will "provide a backbone" to the hepatitis C treatment landscape for both INHX and GILD.
Comment![On the Move, Healthcare, Quick Ideas]
Monday, November 21, 2011, 8:00 AM
Shares of Hepatitis C treatment providers Inhibitex (INHX) and Vertex Pharmaceuticals (VRTX) show upward momentum following the news of Gilead's (GILD) blockbuster deal to buy Pharmasset (VRUS). Premarket: INHX +31%, VRTX +2%.
Comment![On the Move]
Tuesday, November 15, 2011, 10:31 AM
Canaccord Genuity analyst Randall Stanicky lines up three specialty pharmaceutical stocks with strong catalyst-driven upside potential before year-end: (1) Teva Pharmaceuticals (TEVA -0.3%) on generic Lipitor potential; (2) Inhibitex (INHX -0.1%) ahead of top-line results from INX-189; (3) Raptor (RPTP +0.3%) due to key six-month tolerability data set to be released in Dec.
Comment![Healthcare, Quick Ideas]
Erick McKitterick SEC should investigate this! INHX had 2 blocks on Friday. A Feb 10-15 call spread 2K times for 1.35 and a 2.3K May 15 - Aug 25 Call diag!
1/9/12
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humahuaca: but Erick, the SEC has much more important stuff to look into. I hear some new videos were released on youporn
1/9/12
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Erick McKitterick: No I understand overall it's a drop in the bucket but once again shows common investors are left out to dry without inside info.
1/9/12
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Jonathan Spencer $INHX .... What a surprise huh? $BMY stepped in and bought them out because of their HCV. #amazing move over 200%
John Rayhall: Ya looks like it will slowly improve, but not sure if it was just bc Dec was a good month or if it's a long term trend.
1/9/12
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Erick McKitterick SEC should investigate this! INHX had 2 blocks on Friday. A Feb 10-15 call spread 2K times for 1.35 and a 2.3K May 15 - Aug 25 Call diag!
1/9/12
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humahuaca: but Erick, the SEC has much more important stuff to look into. I hear some new videos were released on youporn
1/9/12
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Erick McKitterick: No I understand overall it's a drop in the bucket but once again shows common investors are left out to dry without inside info.
Joshua Hayes $INHX continues its run from its 11/21 breakout. $PKT continues its run from its 11/8 breakout. $PZZI another breakout today. $LQDT breakout