Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hepatitis C In Play for 2013?: Idenix Pharmaceuticals, Inc. (IDIX)

Page 1 of 2

In the world of biotech stocks a lot of companies are starting to incorporate Hepatitis C treatments into their pipelines. Hepatitis C is starting to garner a lot of attention, and these biotech companies are not wrong to be chasing this target disease. Why, you ask? Because there are currently 170 million people worldwide infected with Hep C, and this could mean huge opportunity for biotech companies that are in this field. Hep C is a terrible disease because it causes the liver to become scarred in a process known as Cirrhosis. About 3% to 5% of Hep C patients can get liver cancer from Hepatitis C, and this disease occurs from unscreened blood transfusions or syringes that have not been sterilized correctly. The current options out there for treatment are a deadly cocktail of drugs known as interferon and Ribvavirn, which have a lot of toxicity. Thus patients need all the help they can get for Hepatitis C infections.

Idenix Pharmaceuticals Inc (NASDAQ:IDIX)BMY dealt a huge shocking blow

In August of 2012 Bristol Myers Squibb Co. (NYSE:BMY) had some serious trouble in the Hep C, space as one of their mid-stage trials for BMS-986094 was stopped when one of their patients suffered heart failure. There was no direct link , but the FDA had to stop the trial and investigate whether or not this drug was safe for patients to continue taking. This was unfortunate for Bristol-Meyers, as they had previously in the year purchased Inhbitex, which was the company that worked on the Hep C drug “BMS-986094.” Bristol-Meyers had to dish out $2.5 billion dollars to buy out Inhibitex in the race to beat everyone else to the Hepatitis C space, and now they are left out in the cold with this setback.

Another 2 Companies take a bite of dust?

So Bristol-Meyers stopped it’s investigational drug for Hepatitis C for now, and thus the race for this huge market space continued–or did it? Well things didn’t go so well for Idenix Pharmacueticals, Inc. (NASDAQ:IDIX) and Gilead Sciences, Inc. (NASDAQ:GILD), as the FDA had to place a hold on Idix’s and Gilead’s drugs.  Both of these companies use a drug to treat the Hepatitis C virus that have nucleoside inhibitors. These drugs that used nucleoside inhibitors were put on hold to be investigated for heart failure in patients. Also recently on Feb. 5 Idix announced that it would stop development of IDX184 and IDX19368, which lowers the amount of drugs this company currently has in its pipeline. It has two Hepatitis C antiviral drugs that are in preclinical stages, and one drug in phase 2 trials. This drug currently in phase 2 is named “IDX719,” and Idenix hopes that it’s stock price can go back up in value with this drug.  Will this Hep C drug in production by Idenix be the last hope for the struggling company?  That remains to be seen, but one thing for sure is that this company is now a bigger risk to play for in the Hepatitis C space because of it’s diminishing pipeline.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!