Blackrock Reduces $254M in Arrowhead Pharmaceuticals, Inc. ($ARWR)
Key Points
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Blackrock reduced its position in Arrowhead Pharmaceuticals, Inc. ($ARWR) by 14.81% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,161,519 shares of Arrowhead Pharmaceuticals, Inc. after selling 3,157,063 shares during the quarter. Blackrock's holdings in Arrowhead Pharmaceuticals, Inc. were worth $1.46 billion as of its most recent filing.
Arrowhead Pharmaceuticals, Inc. Stock Down 5.2%
Shares of Arrowhead Pharmaceuticals, Inc. ($ARWR) traded around $80.50 on Saturday, down 5.2% for the day.
Arrowhead Pharmaceuticals, Inc. Earnings
Analysts Set New Price Targets
About Arrowhead Pharmaceuticals, Inc.
Arrowhead Pharmaceuticals, Inc. develops medicines for the treatment of intractable diseases in the United States. Its pipeline includes Plozasiran to reduce production of apolipoprotein C-III in Phase 3 studies; Zodasiran to reduce production of angiopoietin-like protein 3 in Phase 3 clinical trials; ARO-DIMER-PA, a dual functional RNAi molecule in a Phase 1/2a clinical trials; and ARO-PNPLA3, an investigational RNAi therapeutic in Phase 1 clinical trials. The company also develops ARO-INHBE, to reduce the hepatic expression of the INHBE gene and its secreted gene product, Activin E in Phase 1/2a clinical trials; ARO-ALK7 to silence adipocyte expression of the ACVR1C gene in Phase 1/2a clinical trials; ARO-RAGE to reduce production of the receptor for advanced glycation end products in Phase 1/2a clinical trials; and ARO-MAPT, an investigational RNAi-based therapy. In addition, it is developing ARO-C3 to reduce production of C3 in Phase 1/2a clinical trials; and ARO-CFB to reduce hepatic expression of CFB in a Phase 1/2a clinical trials. The company has collaboration and license Agreements with Glaxosmithkline Intellectual Property (No. 3) Limited; Takeda Pharmaceutical Company Limited; Amgen Inc.; and Sarepta Therapeutics, Inc. Arrowhead Pharmaceuticals, Inc. was founded in 2003 and is headquartered in Pasadena, California.
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