Morning Market Movers

Inhibitex Inc INHX shares advanced 142.96% to $23.98 at 9:45 am. Bristol-Myers Squibb Co BMY announced its plans to buy Inhibitex for around $2.5 billion. Idenix Pharmaceuticals Inc IDIX surged 40.43% to $9.90. IDIX reported positive interim data for HCV Nucleotide Inhibitor, IDX184. Pansoft Company Limited PSOF climbed 40.30% to $2.82. PSOF received an offer from Chairman Hugh Wang , representing Timesway Group Limited, to buy all the remaining outstanding Pansoft shares at a price of $3.76 per share. Cytori Therapeutics Inc CYTXW surged 32.74% to $1.50.