Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of biotech Ariad Pharmaceuticals
So what: Ariad and marketing partner Merck
Now what: We don't yet know what ridaforolimus could do for Ariad in the way of revenue, but in an interview with Bloomberg, a Cowen & Co. analyst estimated $300 million by 2015. Even so, Ariad has rallied more than 160% over the past year, and it commands $1.15 billion in market value as of this writing. Investors taking a position here need to realize that they're basically speculating on a buyout bid from Merck or another of the Big Pharma bunch.
Interested in more info on Ariad Pharmaceuticals? Add it to your watchlist.
Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out his portfolio holdings and Foolish writings, or connect with him on Twitter as @milehighfool. You can also get his insights delivered directly to your RSS reader.
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