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Merck to buy Idenix Pharma for $3.85 billion

2014-06-09 15:33:35| Biotech - Topix.net

Merck & Co. says the Cambridge, Massachusetts, company has built a promising portfolio of hepatitis C treatments, including three in clinical testing Merck will spend $24.50 per share in cash for each share, which closed at $7.23 Friday.

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Merck to Acquire Idenix

2014-06-09 13:30:00| Merck.com - Corporate News

Dateline City: WHITEHOUSE STATION, N.J. & CAMBRIDGE, Mass. Acquisition Expands Portfolio of Promising Investigational Therapies for Hepatitis C WHITEHOUSE STATION, N.J. & CAMBRIDGE, Mass.--(BUSINESS WIRE)--Merck (NYSE:MRK), known as MSD outside the United States and Canada, and Idenix Pharmaceuticals, Inc. (NASDAQ: IDIX), today announced that the companies have entered into a definitive agreement under which Merck will acquire Idenix for $24.50 per share in cash. The transaction, which values the purchase of Idenix at approximately $3.85 billion, has been approved by the boards of directors of both companies. Language: English Contact: MerckMedia:Pamela Eisele, 267-305-3558Steve Cragle, 908-423-3461orInvestors:Joe Romanelli, 908-423-5185Justin Holko, 908-423-5088orIdenixMedia/Investors:Teri Dahlman, 617-995-9807 Ticker Slug: Ticker: MRK Exchange: NYSE read more

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Idenix CEO says hepatitis C candidate 'not available' for exclusive deals

2013-10-31 22:15:46| Biotech - Topix.net

During a conference call late Wednesday, Idenix Pharmaceuticals CEO Ronald Renauld speculated on why its partner on a potential hepatitis C treatment recently bought the rights to another drug targeting the same disease.

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Idenix Falls as FDA Data Request Delays Hepatitis C Trial

2013-06-22 10:39:08| Biotech - Topix.net

Idenix Pharmaceuticals Inc., a U.S. drugmaker that stopped development of two hepatitis C therapies this year, plunged the most in almost three years after regulators asked for more safety data on another experimental treatment.

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