EXHIBIT 10.40 LOAN AGREEMENT DECEMBER 28, 2004 Inhibitex, Inc. Alpharetta, Georgia Ladies and Gentlemen: This letter constitutes the agreement (this "AGREEMENT") between the Borrower and the Lender named below with respect to the Loan described below:...Loan Agreement • March 28th, 2005 • Inhibitex Inc • Biological products, (no disgnostic substances) • Georgia
