earnings
confidence high
sentiment negative
materiality 0.70
Arrowhead Q3 FY2022 revenue $32.4M, net loss $72.0M; pipeline progresses
ARROWHEAD PHARMACEUTICALS, INC.
2022-Q3 EPS reported
-$0.86
revenue$211,656,000
- Q3 FY2022 revenue $32.4M (down 29% YoY); net loss $72.0M ($0.68 loss per share) vs $29.9M loss prior year.
- Total cash & investments $582.4M, down from $613.4M at Sept 2021; operating loss $72.9M.
- Phase 2 fazirsiran: fibrosis regression in 58%, median 83% reduction in Z-AAT accumulation in liver.
- Initiated Phase 1/2a for ARO-MUC5AC and ARO-RAGE; Phase 2 GATEWAY for ARO-ANG3 in HoFH started.
- Hired Tracie Oliver as CCO; promoted Patrick O'Brien to COO; formed JV Visirna Therapeutics with Vivo Capital.