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-0.000244259892525599 -0.000244259892525599 -0.000244259892525599 -0.000977039570102568 -0.000488519785051197 1.73557092271641E-16 -0.0119687347337566 -0.0116023448949681
Stock impact report

Arrowhead Pharmaceuticals Earns $200 Million Milestone Payment from Sarepta Therapeutics

Arrowhead Pharmaceuticals, Inc. (ARWR) 
Last arrowhead pharmaceuticals, inc. earnings: 2/5 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.arrowheadpharma.com/investor-relations
Company Research Source: Business Wire
PASADENA, Calif.--(BUSINESS WIRE)--Arrowhead Pharmaceuticals, Inc. (NASDAQ: ARWR) today announced that it has earned a $200 million milestone payment from Sarepta Therapeutics (NASDAQ: SRPT). The milestone was earned when Arrowhead achieved the second development milestone event in a Phase 1/2 clinical study of ARO-DM1, also called SRP-1003, an investigational RNA interference (RNAi) therapeutic for the treatment of type 1 myotonic dystrophy (DM1), the most common adult-onset muscular dystrophy. In accordance with the license and collaboration agreement with Sarepta, Arrowhead expects to receive this payment within 60 days.The second milestone event was reached following a drug safety committee review, subsequent authorization to dose escalate, and achievement of a pre-specified patient enrollment target. Accrual of patients in cohort 4 (6 mg/kg) of the multiple ascending dose (MAD) portion of the study is nearly complete and the company intends to initiate enrollment in cohort 5 Show less Read more
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