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Friday, January 27, 2012

Stock Alert -Idenix Pharmaceuticals (IDIX) -9.6% after Stifel Nicolaus downgrade - 1/27/12

Idenix Pharmaceuticals (IDIX) -9.6% after Stifel Nicolaus downgrades shares to Sell from Hold at Stifel Nicolaus, which believes the "significant difference" in potency existing between IDIX's hepatitis C drug and those made by Pharmasset (VRUS) and Inhibitex (INHX) has important implications on how remaining "potential consolidators" strategically view the companies.

Idenix Pharmaceuticals (IDIX)   resistance level is $15 and support level is $12.50.

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