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Arrowhead Pharmaceuticals Analysis: $1.7B Raised

What is Arrowhead Pharmaceuticals?

RNAi technology targeting disease-causing genes

Employees
501-1000
Founded
1989
Valuation
$1.74 billion
HQ Full Address
177 E Colorado Blvd, Pasadena, California 91105, United States
Revenue Growth Rate
-1.03%

Product Features & Capabilities

  • TRiM™ platform for RNA interference
  • Plozasiran (ARO-APOC3) for severe hypertriglyceridemia
  • Zodasiran (ARO-ANG3) for dyslipidemia
  • ARO-RAGE for inflammatory pulmonary diseases
  • Clinical trial services

Investment Focus

Arrowhead Pharmaceuticals is primarily focused on several therapeutic areas, including cardiometabolic diseases, pulmonary diseases, and inflammatory pulmonary diseases. Specific conditions they are targeting within these areas include severe hypertriglyceridemia, dyslipidemia, cardiovascular disease, obesity, and idiopathic pulmonary fibrosis.

Other Considerations

Pipeline includes multiple candidates in clinical trials; Aims for 20 products in trials or market by 2025; Active clinical trials for Plozasiran and Zodasiran; Collaborations with various research institutions

Key Innovations

  1. Plozasiran (ARO-APOC3) - Designed to reduce the production of Apolipoprotein-CIII (ApoC3) to lower triglyceride levels in patients with severe hypertriglyceridemia and familial chylomicronemia syndrome. It is currently in Phase 3 clinical trials and has received Breakthrough Therapy designation from the FDA.
  2. Zodasiran (ARO-ANG3) - Targets angiopoietin-like protein 3 (ANGPTL3) to lower serum LDL and triglyceride levels, currently in Phase 2 clinical trials.
  3. Olpasiran (AMG 890) - Aims to reduce lipoprotein(a) levels linked to cardiovascular diseases, also in Phase 3 clinical trials.
  4. Fazirsiran (ARO-AAT) - Developed for treating liver disease associated with alpha-1 antitrypsin deficiency, currently in Phase 3 clinical trials.
  5. ARO-ATXN2 - Investigational therapy targeting the toxic ATXN2 protein for the treatment of spinocerebellar ataxia type 2, currently in Phase 1 trials. Arrowhead utilizes its TRiM™ (Targeted RNAi Molecule) platform, which allows for tissue-specific targeting and simplifies manufacturing processes, potentially reducing costs and improving safety.

Regulatory Approvals

Arrowhead Pharmaceuticals has received several regulatory approvals and designations for its products, particularly for its investigational drug plozasiran. Key approvals include: 1. Acceptance of a New Drug Application (NDA) by the U.S. Food and Drug Administration (FDA) for plozasiran, aimed at treating familial chylomicronemia syndrome. 2. FDA Breakthrough Therapy Designation for plozasiran, which facilitates expedited development and review processes due to its potential to address unmet medical needs.

Additionally, Arrowhead has filed for regulatory clearances to initiate various Phase 1/2a clinical trials for other products, including ARO-ALK7, ARO-DM1, and ARO-INHBE.

Latest Funding Round

Arrowhead Pharmaceuticals announced a $500 million strategic senior secured credit facility on August 8, 2024. This facility includes $400 million funded at the close, with an additional $100 million available at Arrowhead's option.

Partnerships

Arrowhead Pharmaceuticals has established significant partnerships in the biotech industry, notably a global licensing and collaboration agreement with Sarepta Therapeutics. This agreement, announced in November 2024, involves Sarepta paying Arrowhead $500 million in cash, along with a $325 million equity investment, for worldwide licensing rights to multiple clinical and preclinical programs. Additionally, Arrowhead has collaborations with other companies such as Janssen and Amgen, which support their innovation and development of RNA interference therapies.

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Financial Overview

$1.7BTotal Raised
Arrowhead Pharmaceuticals announced a $500 million strategic senior secured credit facility on August 8, 2024. This facility includes $400 million funded at the close, with an additional $100 million available at Arrowhead's option.
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