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QUEST FOR A UNIVERSAL THERAPY

Sovaldi, so good? Merck's $3.8B for Idenix gets early HCV nucs, aims to fill data 'holes'

By Randy Osborne
Staff Writer

Tuesday, June 10, 2014
Bolstering its hepatitis C virus (HCV) position as patent skirmishes continue in the space, Merck & Co. Inc. snatched up Idenix Pharmaceuticals Inc. for $24.50 in cash per share, or about $3.85 billion, in a 300 percent-plus premium deal approved by the boards of both companies and set to close during the third quarter of this year.

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