Company: ARWR
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038858
Chunk: 123

Company: ARROWHEAD PHARMACEUTICALS, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 123
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 efforts and related candidate costs, which are comprised primarily of outsourced costs related to the manufacturing of clinical supplies, toxicity/efficacy studies and clinical trial expenses. Internal costs primarily relate to discovery operations at the Company’s research facilities in California and Wisconsin, including facility costs and laboratory-related expenses. The Company does not separately track research and development expenses by individual research and development projects, or by individual drug candidates. The Company operates in a cross-functional manner across projects and does not separately allocate facilities-related costs, candidate costs, discovery costs, compensation expenses, depreciation and amortization expenses, and other expenses related to research and development activities. 

The following tables provide details of research and development expenses for the periods indicated: 

(in thousands)Three Months Ended June 30, 2025% ofExpenseCategory Three Months Ended June 30, 2024% ofExpenseCategory Increase (Decrease) $% Candidate costs$95,007 58 %$91,623 60 %$3,384 4 %R&D discovery costs21,043 13 %17,634 12 %3,409 19 %Salaries26,531 16 %24,532 16 %1,999 8 %Facilities related6,457 4 %7,132 4 %(675)(9)%Total research and development expense, excluding non-cash expense$149,038 91 %$140,921 92 %$8,117 6 %Stock compensation7,612 5 %7,241 5 %371 5 %Depreciation and amortization5,718 4 %4,269 3 %1,449 34 %Total research and development expense$162,368 100 %$152,431 100 %$9,937 7 %

(in thousands)Nine Months Ended June 30, 2025% ofExpenseCategory Nine Months Ended June 30, 2024% ofExpenseCategory Increase (Decrease)$%Candidate costs$243,094 56 %$185,708 50 %$57,386 31 %R&D discovery costs48,785 11 %56,736 15 %(7,951)(14)%Salaries80,583 19 %72,048 19 %8,535 12 %Facilities related20,944 5 %19,597