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Stock impact report

RNAi biotech Arrowhead wins first FDA approval [Yahoo! Finance]

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: Yahoo! Finance
The Food and Drug Administration has approved a new medication for a rare genetic condition in a decision that represents a long-awaited milestone for the drug's developer, biotechnology company Arrowhead Pharmaceuticals. The agency on Tuesday cleared the therapy, Redemplo , for familial chylomicronemia syndrome, or FCS, a rare condition that disrupts the body's ability to break down fats in the bloodstream. It's been specifically approved for use alongside a diet to help reduce levels of those fats, or triglycerides, in adults with FCS. The drug is self-administered via a subcutaneous injection once every three months. For Arrowhead, the clearance of Redemplo has been a long time coming. Formed more than two decades ago, Arrowhead has been one of the leaders in developing medicines based on RNA interference, a way of muting genes before they can produce troublesome proteins. The company has since amassed a pipeline of more than a dozen medicines and formed multiple partnership d Show less Read more
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