Shares of Idenix Pharmaceuticals (NASDAQ IDIX) dropped 10.49% on Friday. IDIX stock price closed at $2.90 a share.
On Friday the biopharmaceutical company announced a stock offering priced at $2.80 a share. IDIX intends to 18.3 million common shares at $2.80 a share in a deal expected to close Wednesday April 13, 2011.
IDIX stock price has traded in a 52 week range of $2.57 to $6.11 a share.
Idenix Pharmaceuticals
