By Tim -
http://blackberrystocks.comNovember 7, 2011 - Inhibitex, Inc. (INHX) stock was upgraded this morning which is causing the stock to pop for the second day. Brean Murray is out with an investor note calling Inhibitex, Inc. (INHX) a buy with a 2012 price target of $12 per share. If the trial becomes successful, Inhibitex, Inc. (INHX) could compare to the likes of Pharmasset, Inc. (VRUS) which has a similar Hep-C drug.
Inhibitex, Inc. (INHX) rallied up into the $9's on Friday after releasing the following news. INHX stock is currently trading at $9.55, Up 12% in pre market this morning.
Inhibitex Commences Dosing of Phase 2 Clinical Trial of INX-189 in HCV Infected Genotype 2/3 Patients
Inhibitex, Inc. (Nasdaq:INHX - News), announced today that it has recently commenced dosing in a 90-patient randomized, placebo controlled, treatment guided, Phase 2 clinical trial to evaluate the safety, tolerability and antiviral activity of INX-189 in combination with pegylated interferon and ribavirin in chronic HCV-infected genotype 2 and 3 treatment naïve patients. The trial is designed to evaluate three once-daily doses of INX-189 (25 mg, 50 mg and 100 mg) administered in combination with pegylated interferon and ribavirin for 12 weeks, and also includes a control arm in which patients will receive placebo and standard of care treatment (a combination of pegylated interferon and ribavirin for 24 weeks). Each INX-189 combination treatment cohort in the trial will include 25 patients, and the control arm will include 15 patients.
Patients in the INX-189 containing treatment arms that achieve an extended rapid viral response, or eRVR, defined as having HCV RNA below the level of detection after 28 days and 12 weeks of dosing, will stop all therapy after 12 weeks. Those patients who do not achieve an eRVR will continue receiving pegylated interferon and ribavirin for 12 additional weeks.
