Arrowhead Gains 5% After Latest Plozasiran Update Puts Spotlight on Rare Disease Race
Arrowhead Pharmaceuticals shares rose 5% to $78.68 Tuesday after new plozasiran data supported use in patients with moderate kidney or liver issues. The company’s market cap reached $11.2 billion. Arrowhead reported $73.7 million in quarterly revenue and a net loss of $132.7 million. Rival Sobi released Phase 3 data on olezarsen the same day.