Health Tech Capitol | High-priced drug development deal for Arrowhead Pharmaceuticals takes effect
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High-priced drug development deal for Arrowhead Pharmaceuticals takes effect

High-priced drug development deal for Arrowhead Pharmaceuticals takes effect

Arrowhead Pharmaceuticals has finalized its agreement with Janssen Pharmaceuticals that’s worth $250 million for Arrowhead, just to start.

The waiting period under the Hart-Scott Rodino Antitrust Act expired with no problems expressed by regulators, the companies said Wednesday.

Janssen — part of the Johnson & Johnson conglomerate — will give Arrowhead $175 million upfront for the worldwide exclusive license for Arrowhead’s ARO-HBV drug to treat chronic hepatitis B and options to work with Arrowhead on drugs to fight up to three more diseases.

Read more at the Wisconsin State Journal

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