Arrowhead Pharmaceuticals Appoints Victoria Vakiener to Board of Directors

Rhea-AI Summary

Arrowhead Pharmaceuticals (NASDAQ: ARWR) appointed Victoria Vakiener as an independent director, effective May 2, 2022. Vakiener brings extensive experience, including leadership roles at Epizyme and Johnson & Johnson, aimed at guiding Arrowhead's growth in RNAi technology commercialization. Chairman Douglass Given praised her ability to help the company transition into a commercial stage. This strategic addition underscores Arrowhead's commitment to enhancing its leadership as it focuses on advancing its innovative gene-silencing therapies to tackle intractable diseases.

Positive

• Appointment of Victoria Vakiener as an independent director, bringing extensive pharmaceutical expertise.
• Potential for enhanced leadership and strategic guidance as the company seeks to commercialize RNAi technology.

Negative

• None.

PASADENA, Calif.--(BUSINESS WIRE)-- Arrowhead Pharmaceuticals Inc. (NASDAQ: ARWR) today announced that the board of directors appointed veteran pharmaceutical industry executive Victoria Vakiener, as an independent director of the company, with a term beginning effective May 2, 2022.

Douglass Given, M.D., Ph.D., Chairman of the Board of Arrowhead said, “Vicki is a senior executive with an impressive track record of leading organizations to successfully commercialize important medicines.”

“I’ve watched Arrowhead aggressively grow its pipeline and expand the reach of its RNAi technology over the years,” said Ms. Vakiener. “I am excited to join the Board now to help contribute to its next phase of growth as Arrowhead takes the necessary steps to become an emerging commercial stage company.”

Ms. Vakiener currently serves on the board of directors of Chimerix, a clinical-stage biopharmaceutical company. From November 2018 through September 2021, she served as Chief Commercial Officer of Epizyme, Inc. where she built the commercial organization and launched TAZVERIK for two indications within six months. Prior to joining Epizyme, Ms. Vakiener was an executive at Johnson & Johnson for more than twenty years where she held positions of leadership with increasing responsibility across the company’s pharmaceutical and diagnostics businesses. Ms. Vakiener began her pharmaceutical career at Schering-Plough, where she spent nine years in both scientific and commercial roles. Ms. Vakiener received a B.S. in Biochemistry from Albright College.

About Arrowhead Pharmaceuticals

Arrowhead Pharmaceuticals develops medicines that treat intractable diseases by silencing the genes that cause them. Using a broad portfolio of RNA chemistries and efficient modes of delivery, Arrowhead therapies trigger the RNA interference mechanism to induce rapid, deep, and durable knockdown of target genes. RNA interference, or RNAi, is a mechanism present in living cells that inhibits the expression of a specific gene, thereby affecting the production of a specific protein. Arrowhead’s RNAi-based therapeutics leverage this natural pathway of gene silencing.

For more information, please visit www.arrowheadpharma.com, or follow us on Twitter @ArrowheadPharma. To be added to the Company's email list and receive news directly, please visit http://ir.arrowheadpharma.com/email-alerts.

Safe Harbor Statement under the Private Securities Litigation Reform Act:

This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including the safety and efficacy of our product candidates, the duration and impact of regulatory delays in our clinical programs, our ability to finance our operations, the likelihood and timing of the receipt of future milestone and licensing fees, the future success of our scientific studies, our ability to successfully develop and commercialize drug candidates, the timing for starting and completing clinical trials, rapid technological change in our markets, and the enforcement of our intellectual property rights. Our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q discuss some of the important risk factors that may affect our business, results of operations and financial condition. We assume no obligation to update or revise forward-looking statements to reflect new events or circumstances.

Source: Arrowhead Pharmaceuticals, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220502005333/en/

Arrowhead Pharmaceuticals, Inc.

Vince Anzalone, CFA

626-304-3400

ir@arrowheadpharma.com

Investors:

LifeSci Advisors, LLC

Brian Ritchie

212-915-2578

britchie@lifesciadvisors.com

www.lifesciadvisors.com

Media:

LifeSci Communications, LLC

Josephine Belluardo, Ph.D.

646-751-4361

jo@lifescicomms.com

www.lifescicommunications.com

Source: Arrowhead Pharmaceuticals, Inc.

FAQ

Who is Victoria Vakiener in relation to Arrowhead Pharmaceuticals?

Victoria Vakiener is a newly appointed independent director at Arrowhead Pharmaceuticals, effective May 2, 2022.

What experience does Victoria Vakiener bring to Arrowhead Pharmaceuticals?

Vakiener has a strong background in the pharmaceutical industry, including roles as Chief Commercial Officer at Epizyme and over twenty years at Johnson & Johnson.

What is the significance of Victoria Vakiener's appointment for Arrowhead Pharmaceuticals?

Her appointment is significant as it aims to strengthen Arrowhead's leadership and support its transition into a commercial-stage company.

When did Victoria Vakiener start her role at Arrowhead Pharmaceuticals?

Victoria Vakiener began her role as an independent director on May 2, 2022.

What are Arrowhead Pharmaceuticals' main areas of focus?

Arrowhead focuses on developing medicines that silence genes responsible for intractable diseases using RNA interference technology.