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Ariad Investors Decry Bid To Nix Failed Leukemia Drug Suit

By Vin Gurrieri ( May 22, 2014, 8:37 PM EDT) -- Ariad Pharmaceuticals Inc. shareholders urged a Massachusetts federal judge to not toss a consolidated class action over alleged false statements about Ariad's failed leukemia drug Iclusig, saying Wednesday that prior to a $310 million insider stock sale, the oncology company's directors concealed evidence that the drug would fail....

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