What Caused Arrowhead Pharmaceuticals to Skyrocket 10.5% Today
After the company announced it has filed for approval with New Zealand regulators to begin phase 1 studies of its hepatitis B RNAi therapy, shares of Arrowhead Pharmaceuticals, Inc. (NASDAQ: ARWR) shot 10.5% higher at 3:30 p.m. EST Friday.
Arrowhead Pharmaceuticals was forced to abandon all of its clinical-stage therapies in 2016 following regulators' concerns over liver toxicity. The news devastated shares and forced the company back to the drawing board to develop a new RNA delivery system.
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Source: Fool.com