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09/15/11 12:53 PM

#12584 RE: NP1986 #12582

Lost in all of this is the fact Ariad hasn't (and didn't) do a financing, yet.

Berger seems to think (a) it's going higher (although, he has no control over macro events, and he may be regretting not financing at $12), or (b) he knows a deal is coming which will fund operations.