Skip to main content
Premium Trial:

Request an Annual Quote

Arrowhead to Raise $104M in Stock Offering

Premium

Arrowhead Research this week announced that it will sell 5.5 million shares of its common stock at $18.95 apiece for gross proceeds of $104 million.

The company has also granted the underwriters of the offering an option to buy an additional 825,000 shares, which would add another $15.6 million.

The company said the offering is expected to close early next week. The funds raised will be used for general corporate purposes, including research and development.

Earlier this month, the company said that it had filed with US regulators to sell up to $200 million in common stock, preferred stock, and/or warrants. At the time, Arrowhead President and CEO Christopher Anzalone said that the ability to sell the securities would give the company the ability to fully develop its lead hepatitis B treatment, ARC-520.

The Scan

UK Pilot Study Suggests Digital Pathway May Expand BRCA Testing in Breast Cancer

A randomized pilot study in the Journal of Medical Genetics points to similar outcomes for breast cancer patients receiving germline BRCA testing through fully digital or partially digital testing pathways.

Survey Sees Genetic Literacy on the Rise, Though Further Education Needed

Survey participants appear to have higher genetic familiarity, knowledge, and skills compared to 2013, though 'room for improvement' remains, an AJHG paper finds.

Study Reveals Molecular, Clinical Features in Colorectal Cancer Cases Involving Multiple Primary Tumors

Researchers compare mismatch repair, microsatellite instability, and tumor mutation burden patterns in synchronous multiple- or single primary colorectal cancers.

FarGen Phase One Sequences Exomes of Nearly 500 From Faroe Islands

The analysis in the European Journal of Human Genetics finds few rare variants and limited geographic structure among Faroese individuals.