Ariad Pharmaceuticals, Inc. Shares Dive as Drug Sale Halted

Published: Nov 01, 2013

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Ariad Pharmaceuticals’ stock plunged yesterday on news that the Cambridge company was suspending sales of its leukemia drug Iclusig because of concerns that patients taking it could suffer life-threatening blood clots. Shares dropped more than 44 percent to $2.20 on the Nasdaq stock exchange after federal regulators asked it to stop marketing the drug. Ariad first disclosed a higher rate of side effects related to blood clots Oct. 9. - See more at: http://bostonherald.com/business/healthcare/2013/10/ariad_shares_dive_as_drug_sale_halted#sthash.Quppx8o5.dpuf

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