SAN DIEGO and PASADENA,
Calif., Jan. 14, 2015
/PRNewswire/ -- Shareholder rights law firm Robbins Arroyo LLP is
investigating whether certain officers and directors of Arrowhead
Research Corporation (NASDAQGS: ARWR) breached their fiduciary
duties to shareholders. Arrowhead is a biopharmaceutical
company that develops targeted RNAi therapeutics in the United States.
View this press release on the law firm's Shareholder Rights
Blog:
www.robbinsarroyo.com/shareholders-rights-blog/arrowhead-research-corporation
Arrowhead to Cut Hepatitis B Drug Study Dosage in
Mid-Stage Trial
On January 12, 2015, Arrowhead
stock fell over 23% to close at $6.90
per share after the company announced that the U.S. Food and Drug
Administration verbally informed the company of a partial clinical
hold on its ARC-520 study for patients with chronic hepatitis B.
The FDA has informed Arrowhead that it will need to start a new,
multi-dose study at one mg/kg instead of the proposed two and four
mg/kg. In addition, the FDA has requested additional information
from the drug's current mid-stage
study.
Arrowhead Shareholders Have Legal Options
Concerned shareholders who would like more information about
their rights and potential remedies can contact attorney
Darnell R. Donahue at (800)
350-6003, DDonahue@robbinsarroyo.com, or via the shareholder
information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in
shareholder rights law. The firm represents individual and
institutional investors in shareholder derivative and securities
class action lawsuits, and has helped its clients realize more than
$1 billion of value for themselves
and the companies in which they have invested.
Attorney Advertising. Past results do not guarantee a
similar outcome.
Contact:
Darnell R. Donahue
Robbins Arroyo LLP
600 B Street, Suite 1900
San Diego, Ca 92101
DDonahue@robbinsarroyo.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com
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SOURCE Robbins Arroyo LLP