Idenix raises $106.7M war chest for clinical trials, patent litigation
By Marie Powers
Wednesday, January 29, 2014
Shares of Idenix Pharmaceuticals Inc. (NASDAQ:IDIX) climbed steadily on Tuesday after the company disclosed that it plans to sell 16.4 million shares of common stock at $6.50 apiece to entities managed by the Baupost Group LLC. The hedge fund increased its stake in Idenix from 27 percent to approximately 35 percent of outstanding shares.
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