Arrowhead Reports Q1 EPS of $(0.02)

Arrowhead Research Corporation ARWR today announced financial results for its fiscal 2011 first quarter ended December 31, 2010. Revenue for the fiscal 2011 first quarter increased to $5.0 million, compared with $148,000 for the prior year period. Net loss attributable to Arrowhead for the quarter ended December 31, 2010 decreased to $1.4 million, or $0.02 per share, compared to $1.5 million, or $0.03 per share, for the quarter ending December 31, 2009.