"Management reiterated that it is keeping US marketing rights and is finalizing its plans for Europe, although it appears likely to maintain EU rights as well. It has many good term sheets from potential partners. Ariad is moving ahead with a Japanese IND in 1H:12 independent of the deliberations on Asian strategies. Management emphasized that the company is not out raising money and it has cash through the end of 2012 without potential milestone on ridaforolimus approval ($25M)"
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