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Related Party Transactions
9 Months Ended
Jun. 30, 2011
Related Party Transactions  
Related Party Transactions

NOTE 9. RELATED PARTY TRANSACTIONS

As a founder of Nanotope, Christopher Anazalone, Arrowhead's President and CEO, owns 1,395,900 shares of Nanotope common stock, which represents approximately 14.2% of Nanotope's outstanding voting securities. Dr. Anzalone does not hold options, warrants or any other rights to acquire securities of Nanotope. Dr. Anzalone has the right to appoint a representative to the board of directors of Nanotope. Dr. Anzalone currently serves on the Nanotope board in a seat reserved for Nanotope's CEO, and another individual holds the seat designated by Dr. Anzalone. Dr. Anzalone has served as President and Chief Executive Officer of Nanotope since its formation and continues to serve in these capacities. Dr. Anzalone has not received any compensation for his work on behalf of Nanotope since joining the Company on December 1, 2007. Dr. Anzalone has also waived his right to any unpaid compensation accrued for work done on behalf of Nanotope before he joined the Company. As part of the private placement on December 11, 2009 (see Note 5. Stockholder's Equity), Dr. Anzalone personally invested $100,000.