Bristol to buy Inhibitex for hepatitis C treatment

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Bristol to buy Inhibitex for hepatitis C treatment

health.yahoo.net

(Reuters) - Bristol-Myers Squibb Co has agreed to acquire Inhibitex Inc for about $2.5 billion to gain access to its promising hepatitis C treatment, the companies said on Saturday. At $26 per share, the deal is a huge 163 percent premium to Inhibitex's closing price of $9.87 on Friday.

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Tags: Liver Condition, Hepatitis, Hepatitis C, Bristol-Myers Squibb

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Bristol to buy Inhibitex for hepatitis C treatment | Reuters

reuters.com — “(Reuters) - Bristol-Myers Squibb Co has agreed to acquire Inhibitex Inc for about $2.5 billion to gain access to its promising hepatitis C treatment, the companies said on Saturday.At $26 per share, theView full resource at reuters.com

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