Baxalta Inc Set To Abandon Talks With Ariad Pharmaceuticals, Inc.

According to a report published by Bloomberg this morning, Baxalta Inc. has abandoned its pursuit of Ariad Pharmaceuticals Inc. The report suggests that the deal broke down earlier this week, due to a disagreement over the price Baxalta was willing to pay for its smaller peer.

Shares of Ariad, which develops leukemia and lung cancer treatments, fell as much as 22% in . . .


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