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Financings Roundup


Wednesday, April 13, 2011
Inhibitex Inc., of Atlanta, said underwriters for its recent public offering exercised their overallotment option in full for an additional 1.7 million shares priced at $4.10 apiece, adding net proceeds of $6.6 million. Total net proceeds from the public offering were $50.6 million and are expected to help support a Phase II trial of nucleotide polymerase inhibitor INX-189 in chronic hepatitis C and fund other R&D and corporate expenses.

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