Market Overview

Afternoon Movers; Markets Moved Higher


Inhibitex (NASDAQ: INHX) +140.1% on takeover announcement from Bristol-Myers Squibb

Idenix Pharmaceuticals (NASDAQ: IDIX) +37% on positive Hepatitis drug results

Achillion Pharmaceuticals (NASDAQ: ACHN) +22.7% on positive clinical data

IPC Hospitalist Company (NASDAQ: IPCM) -33% on poor Q4 EPS and revenue guidance

Perfect World Co (NASDAQ: PWRD) -26.6% on heavy volume

Theravance (NASDAQ: THRX) -18.9% after losing contract with Astellas

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