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Biotech / Medical : Array Biopharma, Inc
ARRY 8.070-3.9%11:55 AM EST

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To: scaram(o)uche who wrote (278)5/13/2014 6:05:06 PM
From: scaram(o)uche  Read Replies (1) of 321
 
Geeeeze, today was a TOUGH day to trade ASCO14.

:-(

>> My opinion (I'm not close to the situation, please get your own!) is that NVS loves MEK162, that it is imbedded in combo trials that would be difficult/expensive to duplicate using Mekinist, and that NVS will continue to develop it. <<

All sorts of indications today from Squarer at BofA/ML about how NVS' MEK162 decision is unknown to ARRY. Lots or assurance that, if returned, NVS will need to accompany it with plenty of funding.

aside, regarding loxo-101....

loxooncology.com

another company to watch at ASCO is Ignyta (rxdx), for results with their trk inhibitor.
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