Are Idenix Pharma’s Biggest Institutional Investors Interested in Buying More Shares Now

So far in 2012, Idenix Pharmaceutical Inc.’s (NASDAQ:IDIX) shares are up 41.03 percent. On Tuesday, the company reported positive data from its mid-state clinical trials for its hepatitis C treatment. The results showed that with almost all the patients who had responded to the treatment, they had been able to keep their defenses from the virus.

In a note by Leerink Swann’s Howard Liang, he wrote, “The results give us an impression that IDX184 represents an improvement over (Roche/Gilead’s) mericitabine in its ability to sustain antiviral response.”

Indenix’s stock rose around 16 percent on Wednesday and in the last year and a half, it has increased 85 percent.

With the promising trial results for hepatitis C, will the company’s largest shareholders increase their holdings? 170 institutional firms indicated owning shares of Idenix Pharmaceuticals Inc. (NASDAQ:IDIX) in Q1 2012. These firms reported owning a total of 72.112 million shares on 03/31/2012. The shares closed at $9.79 on 03/31/2012.

Here are the ten largest positions in Idenix Pharmaceuticals Inc. at the end of March 31st, 2012.

Brookside Capital Management LLC held 10,987,500 shares on 03/31/2012 worth $107,567,625. This brought the portfolio total to 2.46%.

Baupost Group LLC/MA held 8,249,000 shares on 03/31/2012 worth $80,757,710. This brought the portfolio total to 2.73%.

Price T Rowe Associates Inc /MD/ held 7,250,302 shares on 03/31/2012 worth $70,980,456. This brought the portfolio total to 0.02%.

Fmr LLC held 7,056,995 shares on 03/31/2012 worth $69,087,981. This brought the portfolio total to 0.01%.

Vanguard Group Inc held 4,075,159 shares on 03/31/2012 worth $39,895,806. This brought the portfolio total to 0.01%.

Mpm Asset Management LLC held 3,321,534 shares on 03/31/2012 worth $32,517,818. This brought the portfolio total to 21.2%.

State Street Corp held 2,543,038 shares on 03/31/2012 worth $24,896,342. This brought the portfolio total to 0.0%.

Capital World Investors held 2,300,000 shares on 03/31/2012 worth $22,517,000. This brought the portfolio total to 0.01%.

Blackrock Fund Advisors held 2,046,383 shares on 03/31/2012 worth $20,034,089. This brought the portfolio total to 0.01%.

Blackrock Institutional Trust Company N.A. held 1,787,336 shares on 03/31/2012 worth $17,498,019. This brought the portfolio total to 0.0%.

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