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-0.00200493522516958 -0.00185070943861821 -0.00616903146206054 -0.0111042566317088 -0.0259099321406539 -0.0280690931523751 -0.00863664404688467 -0.0320789636027143
Stock impact report

Why Arrowhead Pharmaceuticals Shares Dropped 15% in February [The Motley Fool]

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: The Motley Fool
Why Arrowhead Pharmaceuticals Shares Dropped 15% in February After a stellar 2019, the biotech stock has lost 47% so far in 2020. Arrowhead Pharmaceuticals ( NASDAQ:ARWR ) , a market darling in 2019, lost 15% of its valuation in February, according to data provided by S&P Global Market Intelligence . This is part of a larger free fall in the biotech's stock price in 2020. Arrowhead's valuation has dropped almost 50% since Jan. 2. While some of this fall is due to fears from COVID-19, the stock started dropping way before that was an issue. So what's going on? Arrowhead Pharmaceuticals is a biotech company that is focused on RNA interference (RNAi) drugs. What shot the company to prominence was its deal with Johnson & Johnson in 2018. The pharmaceutical giant paid $250 million to license Arrowhead's hepatitis B drug. That deal provided a lot of necessary cash to the young biotech, and it was a validation of Arrowhead's science. The stock more than tripled in 2018, running up 237% . T Show less Read more
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