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Ariad Pharmaceuticals (ARIA) Spikes on Eli Lilly (LLY) Buyout Rumors

By  +Follow January 23, 2014 12:57PM
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Rumors that major pharmaceutical companies may be circling Ariad Pharmaceuticals (ARIA) regarding a potential buyout helped drive shares of the volatile stock higher on Thursday. Ariad was up over 11 percent Thursday on extremely heavy volume, continuing Ariad’s bigs swings that have come to characterize the stock in recent months.

Ariad Buyout Rumors Spark Run

The inciting incident for today’s gain appears to be an article that appeared in the Daily Mail that speculated that several major buyers could be interesting in buying Ariad. The article states that Eli Lilly (LLY) , GlaxoSmithKline (GSK) , and Shire (SHPG) are all interested in purchasing the company following the approval of Iclusig (a pill form of Ponatinib treatment) for treatment of leukemia patients.

The frontrunner is reportedly Eli Lilly, who may be willing to pay as much as $20 a share. That would take the price close to the share value in October prior to a massive plunge following serious regulatory concerns.

Could Ariad’s Wild Ride Finally be Coming to a Close?

Ariad Pharmaceuticals has been on a long, wild ride that has taken shares from a 52-week high of $23 a share, to $22.50 a share in October before the FDA put a hold on Iclusig because of worries about blood clots. That sent shares plummeting to the 52-week low of just $2.15 a share. Shares continued to exhibit big volatility on heavy volume over the next month, with double-digit swings in a single day not at all out of the norm.

However, things started to stabilize for Ariad after the FDA approved Iclusig again with new prescribing guidelines. Now, Ariad’s been making steady gains since mid-December and appears to have left the worst behind it.

What the future holds for Ariad is still far from clear, and the fact that the stock is trading at under $7.50 a share should prove that a certain healthy skepticism of the $20 a share price quoted in the buyout rumors.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


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Results for ARIA
Stockaholics
31 Oct 14 14:32:24
Our Penny Stock Alerts Gained 250% In 2 days, So far! Big News: http://t.co/bMKiKj7wmb $FASC $ARIA $TUCN
Victor Roberts, MD
31 Oct 14 14:26:14
$ARIA Did any one noticed large green volume bar on daily chart? ER on Wednesday morning & CC Pre Market 8:30 AM! GL http://t.co/0bXakcDOfS
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31 Oct 14 12:05:06
stockblaster14: Stock Alerts: Ariad Pharmaceuticals (ARIA) 5.95 $ARIA ARIAD http://t.co/LkckegjujR
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31 Oct 14 10:56:47
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31 Oct 14 10:43:35
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dougheuring
31 Oct 14 09:58:06
$ARIA Iclusig TRx/NRx are 104/47, +28%/+52% wk/wk, in week 40 since the January re-launch
Victor Roberts, MD
31 Oct 14 09:51:59
$ARIA Tracking XBI intraday, no worries. Happy to see holding well.
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31 Oct 14 09:01:56
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lookn4wins
31 Oct 14 08:53:50
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31 Oct 14 08:37:02
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31 Oct 14 08:26:10
jim50: $ARIA Volume Date=Oct-30-2014 Open=5.84 High=5.97 http://t.co/B3KnEOiui4
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31 Oct 14 08:25:54
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jim50
31 Oct 14 08:16:24
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lookn4wins
31 Oct 14 08:13:31
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chartguy89
31 Oct 14 06:38:52
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31 Oct 14 06:14:38
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Stockaholics
31 Oct 14 04:27:42
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31 Oct 14 04:00:05
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30 Oct 14 17:42:08
Ariad Pharmaceuticals (ARIA) 5.97 $ARIA ARIAD Announces Adoption of Final Opinion for Iclusig by Committee for http://t.co/y1m4HhSE7i
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30 Oct 14 17:18:03
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30 Oct 14 13:35:35
@TheCarefulBull $ARIA closed at 5.97 w/ 3.5 Mill Vol. ER on NOV 5th Pre Market. CC at 8:30 AM. need more volume and gains before ER. GL
stockblaster14
30 Oct 14 13:23:08
Ariad Pharmaceuticals (ARIA) 5.97 $ARIA ARIAD Announces Adoption of Final Opinion for Iclusig by Committee for http://t.co/os4RcWE1oP
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30 Oct 14 11:31:12
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The Careful Bull
30 Oct 14 11:11:31
$ARIA edging close to $6, it must close at around $5.95 to stay in my flagging pattern. Hoping to see at least 2.7 mil in volume before 4 pm
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30 Oct 14 11:07:39
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30 Oct 14 11:06:51
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30 Oct 14 10:51:19
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30 Oct 14 10:44:59
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30 Oct 14 09:55:05
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30 Oct 14 09:34:06
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30 Oct 14 09:17:10
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30 Oct 14 08:02:21
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30 Oct 14 07:36:41
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30 Oct 14 07:25:54
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30 Oct 14 07:25:11
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By  +Follow January 23, 2014 12:57PM
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