Arrowhead Research Corporation Raises $6.2 Million Through Registered Direct Offering of Common Stock and Warrants
Published: Aug 13, 2012
Rodman & Renshaw, LLC is acting as the exclusive placement agent for the offering. Use of proceeds includes general corporate, research and development, and clinical trial expenditures. The closing is expected to take place on or about August 16, 2012, subject to the satisfaction of customary closing conditions.
The securities will be issued under Arrowhead’s shelf registration statement filed on Form S-3 (File No. 333-176159), which was declared effective by the Securities and Exchange Commission on August 17, 2011. The final prospectus supplement related to this offering will be filed with the Securities and Exchange Commission.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities referred to herein, nor shall there be any sale of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
The prospectus, forming part of the effective registration statement, and prospectus supplement relating to this offering contain this and other information about the Company. The offering is being made only by means of the prospectus and the related prospectus supplement, copies of which may be obtained from Rodman & Renshaw, LLC. by calling 212-201-8064 or by email at firstname.lastname@example.org.
About Arrowhead Research Corporation
Arrowhead Research Corporation is a clinical stage targeted therapeutics company with development programs in oncology, obesity, and infectious disease. The company leverages its platform technologies to design and develop peptide-drug conjugates (PDCs) which specifically home to cell types of interest while sparing off-target tissues, creates targeted drugs based on the gene silencing RNA interference (RNAi) mechanism, and works with partners to create improved versions of traditional small molecule drugs.
For more information please visit http://www.arrowheadresearch.com, or follow us on Twitter @ArrowRes. To be added to the Company's email list to receive news directly, please send an email to email@example.com.
Investor Relations Contact:
The Trout Group, LLC
Michael Levitan, 646-378-2920