financetom
Business
financetom
/
Business
/
Why Is Arrowhead Pharmaceuticals Stock Trading Higher On Monday?
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Why Is Arrowhead Pharmaceuticals Stock Trading Higher On Monday?
Jun 3, 2024 11:05 AM

On Monday, Arrowhead Pharmaceuticals Inc ( ARWR ). released topline results from the Phase 3 PALISADE study of plozasiran in patients with genetically confirmed or clinically diagnosed familial chylomicronemia syndrome (FCS).

FCS  is a rare metabolic disease that prevents the body from digesting fats.

Related: What Arrowhead Pharmaceutical’s Interim Data Reveals About A RNAi Therapeutic For Rare Cholesterol Disorder

The study met the primary endpoint of lowering triglycerides and all key secondary endpoints, including reducing the incidence of acute pancreatitis compared to placebo.

Plozasiran is the company’s first investigational RNAi-based therapy to show clinical efficacy in a Phase 3 study.

The primary endpoint for the PALISADE study was placebo-adjusted median change in triglycerides at Month 10.

At that time point, patients treated with quarterly doses of 25 and 50 mg plozasiran achieved median triglyceride reductions of -80% and -78%, respectively, with a maximal reduction of -98%.

At month 12, patients treated with 25 and 50 mg plozasiran achieved median triglyceride reductions of -78% and -73%, respectively, with a maximal reduction of -99%.

These compared with median triglyceride reductions in placebo-treated patients of -17% at month 10 and -7% at month 12.

Mean reductions in Apolipoprotein C-III at month 10 were -88% and -94% at 25 and 50 mg plozasiran, respectively.

Plozasiran demonstrated a favorable safety profile. The most common AEs reported were abdominal pain, COVID-19, nasopharyngitis, headache, and nausea.

Arrowhead plans to highlight recent data for its cardiometabolic pipeline at its June 25, 2024, Cardiometabolic event as part of the 2024 Summer Series of R&D Webinars.

The company also plans to present full Phase 3 PALISADE study results at upcoming medical congresses.

Price Action: ARWR shares are up 7.58% to $24.69 at the last check on Monday.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Form 8.3 - Big Yellow Group Plc
Form 8.3 - Big Yellow Group Plc
Oct 23, 2025
LONDON--(BUSINESS WIRE)--   FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: Montanaro Asset Management Limited (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee...
Nokia CEO Sees 'AI Supercycle' Lifting Growth As Profit Outlook Climbs
Nokia CEO Sees 'AI Supercycle' Lifting Growth As Profit Outlook Climbs
Oct 23, 2025
Nokia Corporation shares surged approximately 10% on both the U.S. (NYSE) and Helsinki (HEL) stock exchanges, following an earnings beat for the third quarter of fiscal year 2025. Details The company reported net sales growth of 12% year-on-year (Y/Y) to 4.82 billion euros ($5.65 billion), beating the analyst consensus estimate of $5.38 billion.  The growth was mainly led by strong growth in the Optical...
Chemicals maker Dow posts smaller-than-expected quarterly loss
Chemicals maker Dow posts smaller-than-expected quarterly loss
Oct 23, 2025
Oct 23 (Reuters) - Chemicals company Dow Inc ( DOW ) posted a smaller-than-expected adjusted quarterly loss in the third-quarter on Thursday, amid a prolonged industry downturn and weak demand for its products. The Michigan-based company reported an adjusted loss of 19 cents per share for the quarter ended September 30, compared with analysts' average estimate of a loss of...
Factbox-From First Brands to Ambipar: latest flashpoints in credit markets
Factbox-From First Brands to Ambipar: latest flashpoints in credit markets
Oct 23, 2025
(Reuters) -A spate of credit issues in recent weeks has drawn investor attention to the multi-trillion-dollar global credit market, with risks spanning several high-profile financial firms, including major Wall Street banks and regional lenders. The bankruptcies of auto parts maker First Brands and subprime lender Tricolor have put the market on high alert. Analysts warn recurring signs of strain could...
Copyright 2023-2026 - www.financetom.com All Rights Reserved