Re: IDIX coverage initiated at Caris & Company with $19 target
I’m bullish on IDIX but I can’t see the share price attaining $19 this year—or ever. The most likely outcome, IMO, is that NVS eventually buys the 44% of the company it does not already own for a price in the low teens.
The standstill agreement that prevents NVS from making a move to increase its IDIX stake expires on 8-May-2008.
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