According to the Daily Mail, Ariad has received “friendly approaches” from a minimum of three major pharmaceutical makers. Interested parties are said to include Eli Lilly (LLY), GlaxoSmith Kline (GSK) and Shire (SHPG).
ARIA stock had traded over $20 a share in September, but ARIA stock plunged in October after the U.S. Food and Drug Administration halted a trial of its anti-cancer treatment, Iclusig, after some patients developed blood clots.
The buyers are reportedly willing to pay as much as $20 a share for ARIA stock. On Wednesday, ARIA stock closed at $6.71 a share.
In December, Ariad announced that the FDA would allow Inclusig to return to the market under new marketing restrictions, sending ARIA stock somewhat higher.