Arrowhead gets $35m bargain for Novartis RNAi assets with Alnylam targets

Arrowhead Research president and CEO Christopher Anzalone courted Novartis for more than a year before the Pasadena, California-based biotechnology company signed an agreement to buy the Novartis's RNA interference (RNAi) portfolio, but he doesn't expect the $35m acquisition to immediately yield new clinical programs.