Ariad Pharmaceuticals Inc fka ARIA

[glass_half_full]

Exactly -- I'm just saying that Ariad isn't the only party who has an interest in the confidentiality of the deal terms. Otsuka may have asked Ariad for confidentiality of a term that Ariad would have otherwise wanted to make public.

If you recall with the Merck deal, they were clear about the milestone terms but never said what the sales percentage was -- just "low double digits" after being pressed by analysts. I'm confident that those (non-)disclosures were requested by Merck to protect other negotiations.

Same here -- I think we can't say that no news is bad news since Ariad isn't the sole arbiter of what terms are made public.