Arrowhead Earns $25 Million Milestone in Janssen Collaboration

Date : 08/28/2019 @ 2:22PM
Source : Dow Jones News
Stock : Johnson and Johnson (JNJ)
Quote : 131.33  0.0 (0.00%) @ 12:16AM

Arrowhead Earns $25 Million Milestone in Janssen Collaboration

Arrowhead Pharmaceuticals (NASDAQ:ARWR)
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By Colin Kellaher

 

Arrowhead Pharmaceuticals Inc. (ARWR) on Wednesday said it earned a $25 million milestone payment after a unit of Johnson & Johnson (JNJ) began a phase 2b combination study in patients with chronic hepatitis B infection.

The Pasadena, Calif., drug developer said J&J's Janssen Pharmaceuticals unit has begun dosing in the study of different combination regimens, including JNJ-3989, formerly ARO-HBV.

Arrowhead in October agreed to work with Janssen to develop and commercialize ARO-HBV as part of a license and collaboration agreement potentially worth more than $3.7 billion to Arrowhead.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

August 28, 2019 09:07 ET (13:07 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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