Robbins Arroyo LLP Is Investigating the Officers and Directors of Arrowhead Research Corporation (ARWR) on Behalf of Shareholders
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, [email protected], 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
[email protected]
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com
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SOURCE Robbins Arroyo LLP
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