Arrowhead Research Company (NASDAQ:ARWR) has released the financial results for the fourth quarter and fiscal year ended September 30, 2009. The report’s financial highlights included the company’s decreased quarter operating expenses of 68% year over year, bringing the quarter’s operating expenses down to $3.7 million. The company also reported a decreased cash burn by 72% during the fiscal 2009 fourth quarter compared to the comparable period of the previous year.
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The company conducted a conference call on Tuesday, December 22 to review the financial results. Interested parties may listen to a telephone replay of the call by dialing 800.406.7325, or 303.590.3030 for international listeners, and entering the access ID number 3196542#. A webcast and full financial report are also available on the company’s website, http://www.arrowheadresearch.com/. The webcast will remain on the site for ninety days.
Arrowhead Research Corporation (Arrowhead) is a development stage nanotechnology company. The Company is focused to bring products to market through its subsidiaries and investments in the healthcare, electronics, and clean energy industries. As of September 30, 2008, Arrowhead operated two majority owned Subsidiaries, two wholly owned Subsidiaries and had minority investments in two early stage nanotechnology companies focused on developing and commercializing nanotech products and applications, including anti-cancer drugs, ribonucleic acid interference (RNAi) therapeutics, regenerative therapeutics, advanced drug delivery technology, energy storage technology, and carbon-based electronics. In April 2008, the Company announced the completion of merger between two of its subsidiaries, Insert Therapeutics, Inc. and Calando Pharmaceuticals, Inc. In May 2008, the Company announced the sale of its majority owned subsidiary, Aonex Technologies, Inc. to AmberWave Systems.
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