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The Boston Globe

Business

Ariad puts hold on move to Kendall Square

But city officials sure space will be filled

Ariad Pharmaceuticals Inc., suffering a sharp drop in its market value over the past two weeks amid safety questions about its leukemia drug, has put a hold on plans to move into a new headquarters and laboratory complex under construction in Cambridge’s Kendall Square.

“We are pausing our internal work on the building,” Ariad spokesman Jeffrey Krasner said Monday. “It doesn’t look like we’ll be moving in [as scheduled] in early 2015.”

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