AYI, INHX, IDIX - CRWESelect.com Stock News! Acuity Brands, Inhibitex, Idenix Pharmaceuticals (Video Included Inside)

Acuity Brands, Inc. (NYSE:AYI)

AYI announced today fiscal 2012 first quarter net sales of $474.3 million, an increase of $49.3 million, or approximately 12 percent, compared with the year-ago period. Net income for the first quarter of fiscal 2012 was $29.9 million compared with $24.4 million for the year-ago period, an increase of 23 percent. Diluted earnings per share for the first quarter of fiscal 2012 increased to $0.70 compared with $0.56 reported for the prior-year period. Included in the results for the first quarter of fiscal 2012 was a $2.7 million pre-tax special charge associated with actions to streamline the organization through the realignment of responsibilities within various selling, distribution, and administrative departments. Excluding the special charge, fiscal 2012 first quarter adjusted diluted EPS were $0.74, an increase of 32 percent compared with the year-ago period.

AYI is a North American market leader and one of the world’s leading providers of lighting solutions for both indoor and outdoor applications.

For more information about AYI please visit http://www.acuitybrands.com

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Inhibitex, Inc. (NASDAQ:INHX)

According to a definitive agreement between the companies, Bristol-Myers Squibb will acquire Inhibitex Incorporated - symbol INHX - for $26.00 per share in cash pursuant to a cash tender offer and second step merger.

INHX, a biopharmaceutical company, focuses on the development of differentiated anti-infective products to prevent or treat serious infections. It primarily focuses to treat shingles caused by the varicella zoster virus and chronic infections caused by hepatitis C virus (HCV).

For more information about AYI please visit http://www.inhibitex.com/

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Idenix Pharmaceuticals, Inc. (NASDAQ:IDIX)

IDIX announced today interim data from a 12-week phase IIb clinical trial of IDX184, the Company’s lead product candidate for the treatment of hepatitis C virus (HCV) infection. IDX184, a pan-genotypic oral nucleotide polymerase inhibitor, has demonstrated a high barrier to resistance in vitro and potent antiviral activity in both preclinical and clinical studies.

In addition, IDIX announced today the advancement of its hepatitis C virus (HCV) development pipeline. . Idenix announced today the initiation of a phase I clinical trial of the Company’s NS5A inhibitor, IDX719. Further, the Company has selected two additional nucleotide inhibitors, IDX19368 and c, as potential clinical candidates. The Company anticipates Investigational New Drug (IND) filings in mid-2012.

IDIX, headquartered in Cambridge, Massachusetts , is a biopharmaceutical company engaged in the discovery and development of drugs for the treatment of human viral diseases. Idenix’s current focus is on the treatment of patients with hepatitis C infection.

For more information about IDIX please visit http://www.idenix.com/

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