Ariad Pharmaceuticals (ARIA) took the second step in its ongoing strategic restructuring on Monday, announcing the sale of its European unit and rights to Iclusig (ponatinib) in Europe to Incyte (INCY), for $140 million up front. The company also receives tiered royalties on Iclusig sales in the region, from 32-50% of net sales, and milestones of up to $135 million. 
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