ARIAD Pharma Q4 Loss Widens - Quick Facts

ARIAD Pharmaceuticals, Inc. (ARIA) reported fourth-quarter net loss of $51.8 million or $0.38 per share versus loss of $30.3 million or $0.25 per share a year ago. On average, 14 analysts polled by Thomson Reuters expected the company to report loss of $0.19 per share. Analysts' estimates typically exclude special items.

The wider net loss is primarily due to an increase in operating expenses of $11.8 million, reflecting continued development of the company's product candidates, and an increase of $9.3 million in the non-cash charge related to the revaluation of its warrant liability, reflecting the increase in the market price of its common stock during this period.

Total revenue declined to $78 thousand from last year's $535 thousand. Analysts estimated revenues of $940.00 thousand.

Looking ahead, the company expects 2012 research and development expenses of $146 million to $154 million, reflecting expansion of development activities for ponatinib and AP26113, as well as a modest increase in discovery research.

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