Ariad Pharmaceuticals Inc fka ARIA

[TetonBill]

I am encouraged by the amendment to the credit facility. When these amendments are made, the company normally represents to the bank that, in so many words, except as disclosed to the bank, it has no knowledge of any bad things about to happen that could affect its operations or prospects. Assuming that the company knows the study results, if they were negative and were therefore disclosed to the bank, there's a good chance the bank would have balked at the increased/extended facility. So I'm slightly encouraged by the news.