Arrowhead Provides Response to New Minority Shareholder Announcement
Arrowhead Pharmaceuticals, Inc. (NASDAQ: ARWR) today responded to the announcement by Silence Therapeutics plc that it acquired,
in the open-market, an equity stake of 6,000,359 Arrowhead shares, representing 8.4% of the common shares outstanding. Arrowhead
was advised of this just prior to the announcement by Silence.
There have been no discussions about any potential transaction between the two companies. Arrowhead’s plans to develop its
RNAi-based drug candidates ARO-HBV, ARO-AAT, ARO-F12, ARO-HIF2, ARO-LPA, ARO-AMG1, and other undisclosed programs, are unchanged
and unaffected by this announcement. The company will also continue to seek partnerships and collaborations that maximize the value
of its assets, as such opportunities may arise in the future.
Arrowhead president and CEO, Chris Anzalone, remarked, “We remain focused on advancing our programs in a way that maximizes
stockholder value. While we welcome Silence as a stockholder, its recently announced stake in Arrowhead does not change our focus
or strategic plans in any way.”
About Arrowhead Pharmaceuticals
Arrowhead Pharmaceuticals develops medicines that treat intractable diseases by silencing the genes that cause them. Using a
broad portfolio of RNA chemistries and efficient modes of delivery, Arrowhead therapies trigger the RNA interference mechanism to
induce rapid, deep, and durable knockdown of target genes. RNA interference, or RNAi, is a mechanism present in living cells that
inhibits the expression of a specific gene, thereby affecting the production of a specific protein. Arrowhead’s RNAi-based
therapeutics leverage this natural pathway of gene silencing.
For more information, please visit www.arrowheadpharma.com, or follow us on Twitter @ArrowheadPharma. To be added to the Company's email list and receive news directly, please visit http://ir.arrowheadpharma.com/alerts.cfm.
Safe Harbor Statement under the Private Securities Litigation Reform Act:
This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date
hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result
of various factors and uncertainties, including the safety and efficacy of our product candidates, the duration and impact of
regulatory delays in our clinical programs, our ability to finance our operations, the future success of our scientific studies,
our ability to successfully develop drug candidates, the timing for starting and completing clinical trials, rapid technological
change in our markets, and the enforcement of our intellectual property rights. Our most recent Annual Report on Form 10-K and
subsequent Quarterly Reports on Form 10-Q discuss some of the important risk factors that may affect our business, results of
operations and financial condition. We assume no obligation to update or revise forward-looking statements to reflect new events or
circumstances.
DYNAMIC POLYCONJUGATES is a trademark of Arrowhead Pharmaceuticals, Inc.
Source: Arrowhead Pharmaceuticals, Inc.
Arrowhead Pharmaceuticals, Inc.
Vince Anzalone, CFA
626-304-3400
ir@arrowheadpharma.com
Investor Relations:
The Trout Group
Chad Rubin
646-378-2947
ir@arrowheadpharma.com
Media:
Russo Partners
Matt Middleman, M.D.
212-845-4272
matt.middleman@russopartnersllc.com
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