Relive the excitement of the Patriots’ path to their fourth Super Bowl Championship with “Pumped,” a special commemorative book from The Boston Globe.

Mass. movers

Aveo Pharmaceuticals stock surges

Aveo’s stock has been rising despite a lack of any specific news. Some see an “Idenix effect.”

Idenix Pharmaceuticals

Aveo’s stock has been rising despite a lack of any specific news. Some see an “Idenix effect.”

Continue reading below

Investors are looking closer at Aveo Pharmaceuticals Inc., in part because of the sale of Idenix Pharmaceuticals, the Boston Business Journal says. Aveo’s stock is up 37 percent since June 9 — the day Idenix said it would be bought for more than triple its market value by Merck & Co., the Journal noted. And there’s an Aveo- Idenix connection: A Boston hedge fund, Baupost Group, is the top shareholder of Idenix and the second-largest holder of Aveo stock. Aveo, said Forbes contributor Bryan Rich, has “big potential and billionaire believers.”

Loading comments...

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
or
Please enter a valid email
BostonGlobe.com will never post anything without asking. Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com