NEW YORK, Dec. 27, 2016 /PRNewswire/ -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Central District of
California on behalf of investors who purchased Arrowhead Pharmaceuticals, Inc. (NASDAQ: ARWR)
securities between May 11, 2015 and November 8, 2016.
Click here to learn about the case: http://www.wongesq.com/pslra/arrowhead-pharmaceuticals. There is no cost or obligation to you.
According to the complaint, 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. According to the company, the hold stems from deaths at the highest dose of an ongoing non-human primate toxicology
study.
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. To
obtain additional information, contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra/arrowhead-pharmaceuticals.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities
litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/arwr-investor-alert-the-law-offices-of-vincent-wong-reminds-shareholders-of-commencement-of-a-class-action-involving-arrowhead-pharmaceuticals-inc-and-a-lead-plaintiff-deadline-of-january-17-2017-300383686.html
SOURCE The Law Offices of Vincent Wong