PASADENA, Calif.–(BUSINESS WIRE)–
Arrowhead Research Corporation (NASDAQ: ARWR), a biopharmaceutical
company developing targeted RNAi therapeutics, today announced that the
European Medicines Agency (EMA) granted Orphan Drug Designation to
ARC-AAT for treatment of congenital alpha-1 antitrypsin deficiency.
ARC-AAT was also previously granted Orphan Drug Designation by the
United States Food and Drug Administration (FDA) in 2015.
Orphan Drug Designation from the EMA allows Arrowhead to benefit from a
number of incentives, such as reduced regulatory fees, protocol
assistance, and market exclusivity, to develop a medicine for the
treatment of a rare disease affecting not more than five in 10,000
people in the European Union.
“ARC-AAT has the potential to provide patients and physicians with a
much needed treatment option for liver disease associated with alpha-1
antitrypsin deficiency, a rare genetic disorder. We are pleased that the
EMA has granted Orphan Drug Designation and we view this as an important
regulatory milestone for the program,” said Bruce Given, M.D., Arrowhead
chief operating officer.
About ARC-AAT
Arrowhead’s ARC-AAT is being investigated for the treatment of liver
disease associated with Alpha-1 Antitrypsin Deficiency (AATD), a rare
genetic disease that severely damages the liver and lungs of affected
individuals. The mean estimated prevalence of AATD in the U.S is 1 per
3000-5000, or approximately 100,000 patients. AATD is also an important
cause of pediatric liver disease with an estimated prevalence in
children of approximately 20,000 patients, and 50-80% likely to manifest
liver disease during childhood. It is a rare disease that appears to be
frequently misdiagnosed or undiagnosed. ARC-AAT employs a novel unlocked
nucleobase analog (UNA) containing RNAi trigger molecule designed for
systemic delivery using the Dynamic Polyconjugate™ delivery
system. ARC-AAT is highly effective at knocking down the Alpha-1
antitrypsin (AAT) gene transcript and reducing the hepatic production of
the mutant AAT (Z-AAT) protein in animal models. Reduction of liver
production of the inflammatory Z-AAT protein, which is believed to be
the cause of progressive liver disease in AATD patients, is important as
it is expected to halt the progression of liver disease and potentially
allow fibrotic tissue repair. ARC-AAT was granted orphan drug
designation in both the United States and in Europe, the latter being
held on Arrowhead’s behalf by a local EU representative Pharma Gateway
AB. Arrowhead is conducting a Phase 1 clinical study of ARC-AAT, with
part A in healthy volunteers and part B in AATD patients.
About Arrowhead Research Corporation
Arrowhead Research Corporation is a biopharmaceutical company developing
targeted RNAi therapeutics. The company is leveraging its proprietary
Dynamic Polyconjugate™ delivery platform to develop targeted
drugs based on the RNA interference mechanism that efficiently silences
disease-causing genes. Arrowhead’s pipeline includes ARC-520 and ARC-521
for chronic hepatitis B virus, ARC-AAT for liver disease associated with
alpha-1 antitrypsin deficiency, ARC-F12 for hereditary angioedema and
thromboembolic diseases, and ARC-HIF2 for renal cell carcinoma.
For more information please visit http://www.arrowheadresearch.com,
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Safe Harbor Statement under the Private Securities Litigation Reform
Act:
This news release contains forward-looking statements within the
meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. These statements are based upon our
current expectations and speak only as of the date hereof. Our actual
results may differ materially and adversely from those expressed in any
forward-looking statements as a result of various factors and
uncertainties, including our ability to finance our operations, the
future success of our scientific studies, our ability to successfully
develop drug candidates, the timing for starting and completing clinical
trials, the timing of any market authorization, the timing of any market
authorization for competitive products, rapid technological change in
our markets, and the enforcement of our intellectual property rights.
Arrowhead Research Corporation’s most recent Annual Report on Form 10-K
and subsequent Quarterly Reports on Form 10-Q discuss some of the
important risk factors that may affect our business, results of
operations and financial condition. We assume no obligation to update or
revise forward-looking statements to reflect new events or circumstances.
DYNAMIC POLYCONJUGATES is a trademark of Arrowhead Research
Corporation.
Source: Arrowhead Research Corporation
View source version on businesswire.com: http://www.businesswire.com/news/home/20160119005816/en/
Arrowhead Research Corporation
Vince Anzalone, CFA
626-304-3400
ir@arrowres.com
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Source: Arrowhead Research Corporation
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