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Published on 9/7/2006 in the Prospect News Biotech Daily.

JMP drops Ariad at market outperform

JMP Securities analyst Charles C. Duncan dropped coverage of Ariad Pharmaceuticals, Inc. due to a change in coverage focus. JMP had rated Ariad at market outperform. Shares of the Cambridge, Mass.-based pharmaceutical company were down 38 cents, or 8.23%, at $4.24. (Nasdaq: ARIA)


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