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Business

Amgen licenses RNAi drugs from Arrowhead

by Michael McCoy
October 3, 2016 | APPEARED IN VOLUME 94, ISSUE 39

Amgen has licensed RNAi drug and subcutaneous drug delivery technology from Arrowhead Pharmaceuticals for cardiovascular disease. The big biotech firm will pay Arrowhead $35 million up front, $22 million in an equity investment, and up to $617 million in option and milestone payments. The deal includes Arrowhead’s RNAi ARC-LPA program, which brings molecules designed to reduce elevated lipoprotein(a), a risk factor for heart disease.

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