Yahoo says $359M, but Ariad's own web site says $119.38M at end of 12/31/2012. They used $186.88M cash. So, even WITHOUT this temporary stop, Ariad only has less than 8 month cash counting from 12/31/2012. Something does not add up. Looks like they are paying a lot to a lot of people.
read their last Q report. 200MM at end of 2013. Maybe a tad more since they cancelled that PhIII study (epic). Either way, they'll cut 50% of heads or more and cut trials and raise cash somehow and do what they need to get more time to bring drugs to the market. Get ready for a dilution of epic proportions. If so, this might never ever see $10 again.
For real? I am backing up the truck at the $1 range. $10 PPS may be history, but Iclusig still being in the market, and laying off half of the workforce can surely guarantee $5-7 within a year or so of patience.