- Ariad Pharmaceuticals (ARIA -3.6%) began the day in the red and has traded steadily lower throughout the session.
- Perhaps weighing on the shares is the news that Clovis Oncology (CLVS -11.1%) has received no interest from buyers after hiring Credit Suisse to explore strategic options.
- Like CLVS' lead compound CO-1686, ARIA's AP26113 is an EGFR inhibitor.
- When news hit last week that CLVS was pursuing a sale, ARIA spiked.
Ariad slumps as Clovis finds no interest
Sep 25 2013, 15:22 ET