Arrowhead Enters $3.7 Billion License and Collaboration Agreements with Janssen
Oct 4, 2018 at 7:30 AM EDT
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- Upon closing, Arrowhead to receive $250 million, consisting of $175 million upfront payment from Janssen and $75 million equity investment from Johnson & Johnson Innovation – JJDC, Inc.
- Arrowhead eligible to receive additional $3.5 billion in potential milestone payments, and potential further royalties on commercial sales
- Janssen to receive a worldwide exclusive license for ARO-HBV and an option to collaborate on up to three new targets
- Arrowhead will hold a conference call and webcast today, Oct. 4, at 8:30 a.m. ET