NEW YORK, Dec. 07, 2016 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Arrowhead Pharmaceuticals,
Inc. (“Arrowhead”) (NASDAQ:ARWR) between May 11,
2015 and November 29, 2016. You are hereby notified that a securities class action lawsuit has
been commenced in the USDC for the Central District of California. To get more information go to:
http://www.zlk.com/pslra/arrowhead-pharmaceuticals
or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no
cost or obligation to you.
The complaint alleges that during the Class Period, Arrowhead made false and misleading statements and/or failed
to disclose that: (1) its drug candidate ARC-520 was fatal at certain doses; (2) the U.S. Food & Drug Administration was unlikely
to approve ARC-520 as a hepatitis B treatment; (3) the Company overstated the approval prospects and commercial viability of
ARC-520; and (4) as a result of the above, Arrowhead’s public statements were materially false and misleading at all relevant
times.
On November 8, 2016, after the close of the market, Arrowhead Pharmaceuticals announced that the United States
Food & Drug Administration had decided to place a clinical hold on the Company’s Heparc-2004 clinical study of ARC-520. Then on
November 29, 2016, Arrowhead announced it would discontinue the development of 3 hepatitis treatments and trim its workforce by 30
percent.
If you suffered a loss in Arrowhead you have until January 17, 2017 to request that the Court appoint you as lead plaintiff.
Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and
Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation
involving financial fraud, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising.
Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com
