Piper Jaffray Downgrades Arrowhead Research (ARWR) to Neutral
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Arrowhead Research (ARWR) PT Slashed to $2 at Jefferies
November 30, 2016 8:12 AM ESTJefferies analyst Eun Yang lowered his price target on Arrowhead Research (NASDAQ: ARWR) to $2.00 (from $5.00) while maintaining a Hold rating after the company discontinues its EX1-based clinical programs (ARC-520, ARC-521, ARC-AAT) given likely "substantial" delays due to need for add'l non-clinical studies due... More
Arrowhead Research (ARWR) to Discontinue ARC-520, ARC-521, and ARC-AAT Development; Will Cut Workforce
November 29, 2016 4:04 PM ESTArrowhead Pharmaceuticals, Inc. (Nasdaq: ARWR) announced a strategic redeployment of resources to support the development of RNAi therapeutics that utilize the companys new proprietary subcutaneous (subQ) and extra-hepatic delivery systems. Arrowhead will discontinue development of clinical stage drug candidates ARC-520, ARC-521, and ARC-AAT, which utilize the DPCiv, or EX1, delivery vehicle. The company is hosting a conference call at 4:30 p.m. EST to discuss this decision.
Arrowhead remains committed to finding therapeutic options for patients with chronic hepatitis B (HBV) infection and alpha-1 antitrypsin deficiency (AATD). The company intends to advance to the... More
