Replies to post #176286 on Biotech Values

[DewDiligence]

Any particular reason why ARIA [was] -5% today?

It must be this:

http://finance.yahoo.com/news/ariad-announces-appointment-hugh-cole-113500664.html

ARIAD Announces Appointment of Hugh Cole, Senior Pharmaceutical-Industry Executive, as Chief Business Officer

I.e., some people must have thought this hiring makes a buyout less likely, which is pretty silly, IMO.