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Stock Market & Financial Investment News

News Breaks
January 28, 2014
08:01 EDTIDIXIdenix raises $106.7M in a registered direct offering
Idenix announced that it has entered into a definitive agreement with certain entities managed by The Baupost Group, L.L.C. for the sale of 16,420,241 shares of its common stock. Baupost has agreed to purchase the shares of common stock at a price of $6.50 per share, resulting in net proceeds to Idenix, after deducting estimated offering expenses, of approximately $106.7M.
News For IDIX From The Last 14 Days
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July 31, 2014
17:07 EDTIDIXIdenix reports Q2 EPS (43c), consensus (21c)
Reports Q2 revenue ($26.1M). At June 30, Idenix's cash and cash equivalents totaled $177.6M. The company continues to expect that its current cash and cash equivalents will be sufficient to sustain its operations into at least the second half of 2015. This guidance assumes no milestone payments or license fees, no reimbursement for development programs and no financing or merger.

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