Ariad Narrows Geographic Reach To Maximize Commercial Resources

The biotech has been streamlining its operations through licensing deals and changing its R&D strategy to better reflect its new geographic makeup – moves that could make it attractive to buyers.

Ariad Pharmaceuticals Inc. has been cleaning up its act in hopes of becoming a takeout target, but has plans in the meantime to more than double the patient populations it serves in case no acquirer swoops in with a buyout opportunity.

The Cambridge, Mass biotech has been contributing to news flow over the last couple of months as it sold off...

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