News of clinical hold on AIDS drug sees Idenix Pharma shares plunge 25%

10 February 2011

US biotech firm Idenix Pharmaceuticals (Nasdaq: IDIX) saw its shares plunge 25% to $3 in extended trading yesterday, after the company revealed of a clinical hold from US regulators on an AIDS drug candidate licensed to UK pharma giant GlaxoSmithKline’s (LSE: GSK) ViiV Healthcare subsidiary.

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