Arrowhead Receives Regulatory Clearance to Begin Additional Phase 2b Studies of Hepatitis B Candidate ARC-520

PASADENA, Calif.–(BUSINESS WIRE)–

Arrowhead Research Corporation (NASDAQ: ARWR), a biopharmaceutical

company developing targeted RNAi therapeutics, today announced that its

Clinical Trial Application for ARC-520, its clinical candidate for

chronic hepatitis B infection (HBV), has been approved by Germany’s

Federal Institute for Drugs and Medical Devices. The company now has

regulatory clearance in Germany for two additional Phase 2b

multiple-dose studies of ARC-520 to be conducted in parallel. Arrowhead

awaits final IRB approval from the sites, which are expected shortly,

and in addition, the company is engaged with regulatory authorities from

Hong Kong and South Korea to open additional sites for these studies.

Arrowhead will provide guidance in the future on timing for release of

data from these studies.

“ARC-520 is leading the way in studying the use of RNAi drugs as new

treatment options for chronic HBV. We are very pleased to receive

regulatory clearance in Europe to conduct the parallel design Phase 2b

multiple-dose studies that we proposed,” said Bruce D. Given, M.D.,

Arrowhead’s Chief Operating Officer. “We view these studies as the front

end of a set of global multiple-dose studies designed to identify the

right agents, doses, and regimens that can achieve functional cures.

Based on multiple-dose data from our recently disclosed chimpanzee study

and the long duration of activity ARC-520 has demonstrated in the

single-dose Phase 2a study in patients, we are starting with doses of

1mg/kg and 2mg/kg in parallel. We have incorporated an interim analysis

in both studies to get an early read on whether we may want to

interrogate higher doses. ARC-520 continues to be well tolerated and we

have not seen any signal suggesting that we are approaching a maximum

tolerated dose through 4mg/kg, the highest dose studied in humans to

date.”

The studies titled Heparc-2002 and Heparc-2003 will enroll patients with

chronic HBV infection that are e-antigen (HBeAg) negative and HBeAg

positive, respectively. Each study is a multicenter, randomized,

double-blind, placebo-controlled, multi-dose study intended to evaluate

two dose levels in parallel of ARC-520 in combination with entecavir or

tenofovir in patients with immune active chronic HBV infection. The 2002

and 2003 studies are planned to enroll up to 60 and 90 patients,

respectively. In each study, patients will be randomized to receive four

doses, once every 4 weeks, of either 1 mg/kg ARC-520, 2 mg/kg ARC-520,

or placebo at a ratio of 1:1:1.

For each patient, the duration of the study is approximately 33 weeks,

from screening to the Day 169 follow-up visit. For each study, a

planning interim analysis will be performed when 54 patients have

completed their Day 71 visit. This analysis will be used to plan future

studies only and will not impact the enrollment or conduct of

Heparc-2002 and -2003. Based on the interim results, the company will

decide whether higher multiple-doses would be likely to lead to

increased activity, in which case higher doses may be evaluated in one

or more additional studies.

The primary objective of the 2002 and 2003 studies is to evaluate the

depth of hepatitis B surface antigen (HBsAg) decline in response to

multiple doses of ARC-520 compared to placebo as a measure of drug

activity. Secondary objectives include the assessment of safety and

tolerability and multi-dose pharmacokinetics of ARC-520 when

co-administered with entecavir or tenofovir, in addition to other

exploratory objectives.

About ARC-520

Arrowhead’s RNAi-based candidate ARC-520 is being investigated in the

treatment of chronic HBV infection. The small interfering RNAs (siRNAs)

in ARC-520 intervene at the mRNA level, upstream of the reverse

transcription process where current standard of care nucleotide and

nucleoside analogues act. Arrowhead is investigating ARC-520

specifically to determine if it can be used to achieve a functional

cure, which is an immune clearant state characterized by hepatitis B

s-antigen negative serum with or without sero-conversion. Arrowhead has

completed a Phase 1 single ascending dose study in normal volunteers and

the company is conducting single dose Phase 2a studies and multiple dose

Phase 2b studies in chronic HBV patients. Approximately 350-400 million

people worldwide are chronically infected with the hepatitis B virus,

which can lead to cirrhosis of the liver and is responsible for 80% of

primary liver cancers globally.

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 for chronic

hepatitis B virus and ARC-AAT for liver disease associated with Alpha-1

antitrypsin deficiency.

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, 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

Contacts:
Arrowhead Research Corporation
Vince

Anzalone, CFA
626-304-3400
ir@arrowres.com
or
Investor

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Source: Arrowhead Research Corporation

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