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Arrowhead Pharmaceuticals Licenses Clinical MASH Program Targeting PNPLA3 to Madrigal Pharmaceuticals

$ARWRPress releaseMay 5, 2026, 8:00 AM ETRead the release

Arrowhead granted Madrigal an exclusive global license for ARO-PNPLA3, receiving $25 million upfront and eligibility for up to $975 million in milestones plus tiered royalties. Phase 1 data published in The New England Journal of Medicine showed a 46% reduction in liver fat for homozygous patients with the PNPLA3 I148M mutation, with no clinically meaningful adverse events.

Key figures

Phase 1 patients n
64
Upfront payment usd
25000000
Liver fat reduction pct
46
Potential milestone usd
975000000
Homozygous patients liver fat reduction
46

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