Item 7.01. Regulation FD Disclosure
On April 25, 2022, Arrowhead Pharmaceuticals, Inc., a Delaware corporation (the
"Company") entered into definitive agreements to form a joint venture, Visirna
Therapeutics, Inc. ("Visirna"), with Vivo Capital ("Vivo") to expand the reach
of innovative medicines in Greater China. In connection with the formation of
the joint venture, the Company licensed to Visirna the exclusive rights to
develop and commercialize four of Arrowhead's investigational RNA interference
(RNAi) therapeutic candidates for cardiometabolic diseases in mainland China,
Hong Kong, Macau, and Taiwan.
Funds affiliated with Vivo provided initial funding of $60 million to Visirna.
The Company has a majority stake in Visirna following this initial funding and
is further eligible to receive potential royalties on commercial sales.
On April 25, 2022, the Company issued a press release in connection with the
transaction, which is attached hereto as Exhibit 99.1 and incorporated into this
Item 7.01 by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit
No. Description
99.1 Press Release*
104 Cover Page Interactive File (the cover page tags are embedded within
the Inline XBRL document).
* Furnished herewith
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