Arrowhead Pharma Stock Price, News & Analysis

Arrowhead Pharmaceuticals, Inc. (NASDAQ: ARWR) has acquired 13 acres in Verona Technology Park, Wisconsin, where it plans to build a drug manufacturing facility (140,000 sq. ft.) and a laboratory/office space (115,000 sq. ft.). The investment, estimated between $200 million and $250 million, aims to create about 250 jobs. Construction is set to begin in Q1 2022, with lab completion expected in Q1 2023 and manufacturing in Q4 2023. This expansion underscores Arrowhead’s commitment to the Wisconsin biotech ecosystem and supports its growing pipeline of RNAi medicines.

Arrowhead Pharmaceuticals (NASDAQ: ARWR) announced the approval of inducement grants for 24 new employees by its Compensation Committee on December 14, 2021. The grants, totaling up to 87,000 restricted stock units, are meant to incentivize employment and are outside the company’s stockholder-approved equity incentive plans. These units will vest annually over four years, reflecting the company's commitment to attracting talent in its mission to develop innovative RNA interference therapies for intractable diseases.

Arrowhead Pharmaceuticals (NASDAQ: ARWR) announced its participation in two upcoming industry events. On December 2, 2021, Chris Anzalone, Ph.D., president and CEO, will engage in a fireside chat at the 4th Annual Evercore ISI HealthCONx Conference at 1:00 p.m. ET. Following this, December 3, 2021, James Hamilton, MD, MBA, will partake in a panel discussion at the 18th Global Cardiovascular Clinical Trialists Forum, focused on Hypertriglyceridemia Trials. Presentation materials and live webcasts will be available on the company's website.

Arrowhead Pharmaceuticals (NASDAQ: ARWR) reported a revenue of $138.3 million for the fiscal year ending September 30, 2021, up from $88.0 million in 2020. Net loss increased to $140.8 million, or $1.36 per diluted share, compared to $84.6 million, or $0.84 per share, last year. Operating expenses rose significantly to $287.3 million, led by R&D costs of $206.3 million. Cash and cash equivalents totaled $184.4 million, with total assets at $710.1 million. The company also announced a collaboration with GSK for ARO-HSD and received Breakthrough Therapy designation for ARO-AAT.

Arrowhead Pharmaceuticals (NASDAQ: ARWR) has finalized an exclusive license agreement with GlaxoSmithKline (LSE/NYSE: GSK) for ARO-HSD, a therapeutic for nonalcoholic steatohepatitis (NASH). Arrowhead will receive a $120 million upfront payment and could earn up to $1.1 billion in additional milestone payments and royalties. The agreement allows GSK to develop ARO-HSD globally, except in Greater China, where Arrowhead retains rights. The transaction is expected to close in Q1 2022, pending customary conditions.

Arrowhead Pharmaceuticals (NASDAQ: ARWR) announced a collaboration with Janssen Pharmaceuticals on the investigational compound JNJ-75220795, currently in a Phase 1 clinical study. This siRNA therapeutic targets the reduction of PNPLA3 expression in the liver, aimed at treating non-alcoholic steatohepatitis (NASH). The collaboration began in October 2018 and leverages Arrowhead's TRIM platform, demonstrating the potential to address significant liver disease by targeting genetic factors associated with fat accumulation.

Arrowhead Pharmaceuticals (NASDAQ: ARWR) and Janssen Pharmaceuticals presented clinical data from the REEF-1 Phase 2b study at The Liver Meeting. The study assessed combination therapies, including JNJ-3989 and JNJ-6379, for chronic hepatitis B infection. Key findings highlighted a dose-dependent response, with 19.1% of patients meeting NA stopping criteria at week 48. The JNJ-3989 200 mg cohort showed a 2.6 log10 reduction in HBsAg at week 48. Overall, treatments were well-tolerated, and additional combination studies are underway.

Arrowhead Pharmaceuticals Inc. (NASDAQ: ARWR) presented additional Phase 1/2 clinical data for ARO-APOC3 at the American Heart Association's Scientific Sessions 2021. The investigational RNA interference therapy targets apolipoprotein C-III and aims to treat hypertriglyceridemia. Key findings include a 98% reduction in APOC3 among familial chylomicronemia patients and well-tolerated administration across various doses. The therapy demonstrated significant decreases in triglycerides and increases in HDL-C, suggesting it as a promising option for patients with severe hypertriglyceridemia.

Arrowhead Pharmaceuticals (NASDAQ: ARWR) presented interim clinical data from its AROHSD1001 study at The Liver Meeting, showcasing ARO-HSD's potential for treating liver diseases like NASH. Key findings included a dose-dependent reduction in HSD17B13 mRNA, with over 90% reduction at 200 mg in all patients. Additionally, liver fat reductions were noted in 9 out of 18 patients. ARO-HSD was well-tolerated, with no serious adverse events linked to the drug. This investigational therapy aims to leverage RNA interference to combat liver diseases effectively.