they were just 23 a share. doubt it goes at 6.50 for two reasons (nobody will pay 6.50 for this junk and they will want time to give the other trials to pan out). If one of those hits for something else, they'll get $20 in a buyout.
200MM for a company with 300 employees isn't squat. I expect 100-150 heads gone by end of year. maybe 200.
so in roughly 2 hours, you answered your own question and see them cancelled too?? pretty good work I might say. If they do that, the stock goes to 10 cents and it's over.
man, I'd almost like to bet you but there is now way this hits 25 again as it is today. they have to find some other cancer for that drug (solid tumors, breast, pancreatic, other etc..) or another drug (not the lousy mrk drug) for it to hit 25. I don't see double digits ever again. Sorry, but we've been duped.
but it was. and the stock dropped from 18's to 2. game over. I could kill myself for buying this junk.
the sales were probably timed 105B or whatever they call it. they have options that expire so they cash in at times predetermined long time ago.
read the CS report. they predict a reduction in sales due to restricted patients with this drug. THen the MRK drug, they predict only 50MM in sales in 2017. That's peanuts. ARIA is done. they wasted time and money on this clot drug and won't have enough to save the company. They are testing most of their trials on that one dead end. The mrk drug has two trials but for 50MM in sales (estimated), this game is over. Nothing on the website says other drugs in development and if it had any not listed or new, it will take 5-7 years to get into PhIII. they don't have enough money and the game is over. If you work here, get the heck out. Pink slips will come next year if not sooner. I am done now for trading with this final mistake.
and who would buy them out? the drug is toxic. nothing else in their pipe works. nobody would offer $5 for this company. In 15 months, they will close the doors.
unless there is good news (severely doubt that as the company is just about done) like a good clinical result on the mrk drug but you can forget it going past 6 for at least 6-12 months. All longs before the drop are done with. We all lost our money. plain and simple. If anyone thinks this will hit double digits again, they are sorely mistaken.
then why didn't the company do this early on??? they waited and knew of the danger. This sucks so badly. I'm ready to scream. I just hope it works in one other trial and were off to the races. That will take 1-2 years minimum.
ARIA is burning money. Now with this result, there won't ever ever be another company to give them a deal or money unless they have solid PhIIa or b data that's certified by an outside party. This company is dead to all other pharma. Watch the MRK drug fail and they cut the ties faster than an umbilical cord in the operating room.
right now, they have 350MM in cash (actually less as they're burning it every day). So, that's 1.89 per share. The market is valuing the company (pipeline) at 70 cents a share. Pretty sad. So all of those who say they have a great pipeline, I think the pipeline is almost non-existent. This is a trash firm and the market now realizes it. Shoot me.
I'm not a doctor but I think blood clots are like heart attacks. You don't know you'll get one till it's too late. So, giving a thinner up front, might do more damage (like hemophiliacs) and you die cutting yourself shaving. So, I think they have to give the drug to anyone without any chance of a clot or heart problem or this is done. I can't believe I sunk 100K in this crpa.
if they had data that the 15 and 30 mg doses were safe (safer), then they should have just said drop the doses on all trials/sales. But no, they killed the company. It's a cancer drug, not a vitamin. Yes, PhIII trials are so expensive, it's not funny. The only argument is that they need the 45 mg to get the cancer under control and then maintain with the lower dose. If the lower dose doesn't work initially, the drug is gone and done with. What we need is one of the new trials to find a new indication. Then we'll fly. Until then, we're doomed.
are you saying the drop to $4 and rise to $6 on that 1st day or this coming Monday?? ARIA won't hit $6 for months till good news (if it ever comes) is posted.
you should be ashamed of your childish behavior. I hope you never suffer a setback like us longs. Remember, you reap what you sow.