BMS to Acquire Inhibitex for HCV Market
Bristol-Myers Squibb will acquire Inhibitex with an aggregate purchase price of approximately $2.5 billion.
Bristol-Myers Squibb and Inhibitex have signed a definitive agreement under which Bristol-Myers Squibb will acquire Inhibitex with an aggregate purchase price of approximately $2.5 billion. The transaction has been approved by the boards of directors of both companies.
Inhibitex is a clinical-stage biopharmaceutical company dedicated to the development of innovative products that can treat or prevent serious infections, whose primary focus is on the development of nucleotide/nucleoside analogs for the treatment of hepatitis C virus (HCV). Its lead HCV asset is INX-189, an oral nucleotide polymerase (NS5B) inhibitor in Phase II development that has exhibited potent antiviral activity, a high barrier to resistance and pan-genotypic coverage. Nucleotides/nucleosides are emerging as an important class of
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