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🏢 官网IRARWRCodex · 实盘不做把握 7/10不做原因:无增量信息
北京时间·🕒 发布 19:30:00(美东 07:30)·⟳ 抓取 19:31:07·⚡ 决策 08-24 19:34:09 +3m02s·63.9 天前

Arrowhead确认ESC 2026展示plozasiran三期12个月结果日程,本次未披露新增临床数据

完成直接载体和生物医药阶段核对后,本次公告没有新增疗效、安全性、监管或商业化事实;核心催化仍等待8月30日完整数据,当前不形成正期望交易。

📄 原文ARWR↗ 原文
European Society of Cardiology Congress (ESC) in Munich, Germany . ESC 2026 Presentation Details Date & Time: Sunday, A…
不做 Arrowhead Pharmaceuticals(ARWR.US)
不做Arrowhead Pharmaceuticals(ARWR.US):本次只是ESC展示日程和webcast安排,缺少新增临床、监管或商业化事实,主要催化需等8月30日完整数据。
不做 Sanofi(SNY.US)
不做Sanofi(SNY.US):Greater China权益为既有安排,本次无中国地区新增里程碑,且事件相对公司体量不可交易。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)

研究档案

结论摘要

Arrowhead这次IR稿确认plozasiran SHASTA-3/4将在ESC 2026展示12个月结果,并安排投资者webcast;但稿件本身没有披露新的临床读数、监管进展或销售量级。相对市场基线,主要价值信息是此前三期topline阳性和ESC展示预期,本次只是日程确认,因此不追Arrowhead Pharmaceuticals(ARWR.US)。

🔎 新鲜度:最早出现 2026-08-24 · 扩散 low · price-in 风险 high ↗ ↗

消息传播链

  1. 2026-08-24 07:30 ET首发Arrowhead IR一手源原文 ↗
    公司一手发布ESC 2026展示细节和投资者webcast安排,未披露新增结果。
  2. 2026-08-24财经媒体扩散BusinessWire非一手原文 ↗
    BusinessWire同步公司新闻稿,属于同一稿件扩散而非新增事实。

关键理由

  • plozasiran三期项目长期仍是Arrowhead基本面核心,但本次公告没有新增读数或权益变化。
  • Sanofi Greater China权益为既有安排,本次没有触发可量化里程碑或商业化增量。

主要风险

  • 若8月30日完整数据出现明显优于topline的安全性、急性胰腺炎或亚组信号,应以新事件重新评估。
  • 若市场盘前因标题误读而拉升,缺少新增数据支撑的回落风险更高。

反向证据

  • 做多前查反向 · 来源 filing · 日期 2026-08-24 · 影响 invalidates
    本次公告只列会议题目、时间和webcast安排,未提供新增疗效、安全性或监管进展。
    检索:Arrowhead SHASTA-3 SHASTA-4 ESC 2026 presentation schedule no new data 原文 ↗
  • 做多前查反向 · 来源 web · 日期 2026-07-22 · 影响 weakens
    同一项目的阳性topline和ESC展示预期已在更早公告中出现,削弱本次新增edge。
    检索:Arrowhead SHASTA-3 SHASTA-4 topline already announced ESC 2026 原文 ↗
  • 做空前查反向 · 来源 filing · 日期 2026-08-24 · 影响 none
    当前稿件未确认负面安全性、监管受阻或商业化失败事实,不构成做空催化。
    检索:Arrowhead plozasiran SHASTA-3 SHASTA-4 safety negative signal August 2026 原文 ↗

先例如何影响了这次决策

对本次决策的影响:先例支持回避ARWR.US本次日程公告,等待实际完整数据披露再判断。

方向:首次三期阳性读数通常偏正,但本次公告相位是会议日程确认,方向读数不能直接迁移。

涨幅量级:只有ARWR自身7月topline是高相似锚点,说明主要涨幅属于首次结果披露;当前无新增数据,不能用该幅度设定新的tp/sl。

形态:样本共同提示临床读数的首次披露才是可交易相位,后续无新增数据的会议安排容易缺乏edge。

历史先例(按相似度)

  • 相似度 9/10 ARWR 2026-07-22 Arrowhead披露SHASTA-3/4阳性topline并预告ESC详细展示,随后市场完成主要重定价。 原文 ↗
    事件后 +1日 +19.0% · +2日 +16.4% · +3日 +14.9% · +4日 +14.8% · +5日 +15.1%
    相似度依据:同一公司、同一资产、同一SHASTA-3/4项目的首次topline结果,是当前会议日程公告的真正信息锚点。
    经验:主要价值发现发生在首次topline读出日,后续无新增数据的会议安排不应重复计入催化。
  • 相似度 6/10 IONS 2025-09-02 Ionis公布olezarsen在sHTG三期研究中达到主要终点。 原文 ↗
    事件后 +1日 +34.8% · +2日 +41.9% · +3日 +39.2% · +4日 +43.6% · +5日 +43.1%
    相似度依据:同为sHTG相关药物三期topline阳性,但该先例是首次读数披露,本次ARWR只是会议日程确认。
    经验:首次阳性读数可形成方向性重定价,但不能外推到后续日程公告。

原文全文

展开原文 · 11,013 字
European Society of Cardiology Congress
(ESC) in
Munich, Germany
.
ESC 2026 Presentation Details
Date & Time:
Sunday, August 30, 2026
,
17:30 CEST
Session Title:
HOT LINE 9 Late-breaking Science Session
Location:
Munich Auditorium-Hall B3
Title:
Plozasiran in patients with severe hypertriglyceridemia: the SHASTA-3 and SHASTA-4 pivotal trial 12-month results
Presenter:
Gerald Watts
,
University of Western Australia
,
Perth, Australia
Discussant review:
Borge G. Nordestgaard,
Copenhagen University Hospital
,
Copenhagen, Denmark
Panel discussion
Date & Time:
Monday, August 31, 2026
,
9:00 am CEST
Session Title:
Late-breaking science: Beyond statins: the next wave of lipid-lowering therapies
Location
: Tripoli Auditorium-Hall B1
Title:
A phase 3 clinical trial to evaluate the efficacy and safety of vsa003 (zodasiran) injection in Chinese adolescents and adults with homozygous familial hypercholesterolemia (HOFH)
Presenter
:
Zhuang Tian
,
Peking Union Medical College Hospital
,
Beijing, China
Arrowhead Investor Webcast
Date & Time:
Monday, August 31, 2026
,
14:00 CEST
/
8:00 am EDT
/
5:00 am PDT
Topic:
Review SHASTA-3 and SHASTA-4 pivotal trial 12-month results, Q&A
Participants:
Gerald Watts
, Borde Nordestgaard, and Arrowhead management
Link to Register for Webcast:
Events & Presentations
, Arrowhead Pharmaceuticals Website
The recorded webcast will be made available on the
Events and Presentations
page under the Investors section of the Arrowhead website approximately two hours after the event.
About Severe Hypertriglyceridemia
Severe hypertriglyceridemia (sHTG) is characterized by triglyceride (TG) levels greater than 500 mg/dL, with the most severe form being familial chylomicronemia syndrome (FCS) where TGs typically exceed 880 mg/dL. SHTG significantly increases the risk of acute pancreatitis (AP), which can often include recurrent attacks requiring repeat hospital admissions and worsening outcomes. AP risk is proportional to the number, characteristics, and concentration of triglyceride rich lipoproteins (TRLs), particularly chylomicrons, and increases as TGs rise. Elevated TGs can also increase the risk of atherosclerotic cardiovascular disease (ASCVD). Limited treatment options exist to sustainably reduce TGs below guideline-directed risk thresholds.
About SHASTA-3 and SHASTA-4 Phase 3 Studies
SHASTA-3 (
NCT06347003
) and SHASTA-4 (
NCT06347016
) are global double-blind, placebo-controlled, Phase 3 studies to evaluate the efficacy and safety of plozasiran in adults with severe hypertriglyceridemia. Between the two studies, approximately 750 participants were randomized to receive 4 doses (once every 3 months) of 25 mg plozasiran or placebo. The primary endpoint is percent change in fasting serum triglyceride levels from baseline to Month 12 compared to placebo. After Month 12, eligible participants are offered an opportunity to continue in an optional open-label extension.
About REDEMPLO
®
(plozasiran)
REDEMPLO (plozasiran) is currently approved by the
U.S. Food and Drug Administration
,
Health Canada
, China’s
National Medical Products Administration
, the
Australian Therapeutic Goods Administration
, and by the
European Commission
as an adjunct to diet to reduce triglycerides for adults with
FCS
. REDEMPLO is the first and only siRNA treatment approved in these countries to be studied in both clinically diagnosed and genetically confirmed patients living with
FCS
.
REDEMPLO is designed to suppress the production of apolipoprotein C-III (APOC3), a protein produced in the liver that raises triglyceride levels by slowing their breakdown and clearance. By targeting APOC3 with sustained silencing, REDEMPLO delivers significant reductions in triglyceride levels. REDEMPLO is self-administered via subcutaneous injection once every three months.
REDEMPLO has been granted Orphan Medicinal Product Designation by the EMA for the treatment of patients with
FCS
, and Breakthrough Therapy Designation, Fast Track Designation, and Orphan Drug Designation by the
U.S
. FDA for the treatment of patients with
FCS
and was also granted Breakthrough Therapy designation by the
U.S
. FDA in severe hypertriglyceridemia.
Sanofi acquired the rights to develop and commercialize REDEMPLO in
Greater China
, with Arrowhead retaining rights to REDEMPLO in all geographies, outside of
Greater China
.
For more information about REDEMPLO, visit
Our Medicines
.
About Homozygous Familial Hypercholesterolemia
Homozygous Familial Hypercholesterolemia is an ultra-rare treatment‐resistant genetic condition characterized by elevated LDL-C and early-onset cardiovascular disease. Most cases of HoFH are due to mutations in the gene that encodes the LDL receptor (LDLR). Thus, HoFH represents a unique disease where LDL-C lowering therapies not requiring functional LDL receptors may have benefit. If left untreated, individuals with HoFH can have median LDL-C levels above 400 mg/dL (over 10 mmol/L), leading to early clinical manifestations of coronary artery disease
1
. Patients with HoFH may also have cholesterol deposits under the skin (xanthomas), around the eyes (xanthelasmas), or around the cornea (corneal arcus), but physical signs are not always present, particularly in children. HoFH remains challenging to treat and currently only patients with the more severe HoFH phenotypes get diagnosed and treated early. The estimated prevalence of HoFH globally is between 1:360,000 and 1:250,000
1
.
About Zodasiran
Zodasiran, previously called ARO-ANG3, is a first-in-class investigational RNA interference (RNAi) therapeutic designed to reduce production of angiopoietin-like protein (ANGPTL3), which is a hepatocyte expressed regulator of lipid and lipoprotein metabolism with multiple potential modes of action, including inhibition of lipoprotein lipase (LPL) and endothelial lipase (EL)
2,3
. ANGPTL3 is an emerging therapeutic target with relevance to hypercholesterolemia, hypertriglyceridemia, and mixed hyperlipidemia. Genetic studies suggest that individuals with ANGPTL3 loss-of-function variants have enhanced lipoprotein lipase and endothelial lipase activity, resulting in lower levels of atherogenic lipoproteins and a reduced risk of ASCVD
4-6
. Zodasiran has received Orphan Drug Designation for the treatment of HoFH from the
U.S. Food and Drug Administration
.
In prior clinical studies, investigational zodasiran was associated with dose-dependent reductions in triglycerides, triglyceride rich lipoprotein remnants, and total atherogenic lipoproteins, including LDL-C, in patients with homozygous (HoFH) and heterozygous (HeFH) familial hypercholesterolemia and mixed hyperlipidemia. Zodasiran also showed a favorable safety profile. In the Phase 2
GATEWAY
study in patients with HoFH, there were no drug discontinuations, drug-related serious adverse events, or deaths. The most frequent adverse events were COVID-19, nasopharyngitis, upper respiratory tract infection, and dizziness.
About Arrowhead Pharmaceuticals
Arrowhead Pharmaceuticals (NASDAQ: ARWR) is a commercial-stage pharmaceutical company developing medicines that treat intractable diseases by silencing the genes that cause them, harnessing the natural RNA interference (RNAi) mechanism. The company has built a broad portfolio of clinical and commercial RNAi therapeutics through its industry-leading targeted RNAi molecule (TRiM™) platform, which can precisely silence genes in a wide range of cell types, including liver, lung, muscle, adipose, and central nervous system tissue. At Arrowhead, we rapidly advance potential best- and first-in-class RNAi treatments for diseases with significant unmet medical need, because every day matters to the patients we serve.
For more information, please visit
www.arrowheadpharma.com
, or follow us on X (formerly Twitter) at
@ArrowheadPharma
,
LinkedIn
,
Facebook
, and
Instagram
. To be added to the Company's email list and receive news directly, please visit
http://ir.arrowheadpharma.com/email-alerts
.
Safe Harbor Statement under the Private Securities Litigation Reform Act:
This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Any statements contained in this release except for historical information may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “hope,” “intend,” “plan,” “project,” “could,” “estimate,” “continue,” “target,” “forecast” or “continue” or the negative of these words or other variations thereof or comparable terminology are intended to identify such forward-looking statements. In addition, any statements that refer to projections of our future financial performance, trends in our business, expectations for our product pipeline, products or product candidate or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements include, but are not limited to, statements about our beliefs and expectations regarding the long-term impacts of REDEMPLO
®
(plozasiran) on patient health and the health care system; our beliefs and expectations regarding the pricing, value, or expected timing for availability of our drugs and drug candidates; and our beliefs and expectations around the potential uses and value of the TRiM™ platform. These statements are based upon our current expectations and speak only as of the date hereof. Actual results or outcomes may differ materially and adversely from those expressed in any forward-looking statements as a result of numerous factors and uncertainties the safety and efficacy of our products and product candidates, pricing and reimbursement decisions related to our products, demand for our products, decisions of regulatory authorities and the timing thereof, the duration and impact of regulatory delays in our clinical programs, our ability to finance our operations, the likelihood and timing of the receipt of future milestone and licensing fees, the future success of our scientific studies, the timing for starting and completing clinical trials, rapid technological change in our markets, the enforcement of our intellectual property rights, and the other risks and uncertainties described in our most recent Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and other documents filed with the Securities and Exchange Commission from time to time. We assume no obligation to update or revise forward-looking statements to reflect new events or circumstances.
Source:
Arrowhead Pharmaceuticals, Inc.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20260824400179/en/
Vince Anzalone, CFA
+1 626-304-3400
ir@arrowheadpharma.com
Paul Graves
+1-626-304-3400
media@arrowheadpharma.com
Investors:
LifeSci Advisors, LLC
Brian Ritchie
+1 212-915-2578
britchie@lifesciadvisors.com
Source: Arrowhead Pharmaceuticals, Inc.

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