The law firm of Kirby McInerney LLP reminds investors that the firm is investigating potential claims against Arvinas, Inc. (โArvinasโ or the โCompanyโ) (NASDAQ: ARVN). The firmโs ongoing investigation concerns whether Arvinas and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
On May 1, 2025, Arvinas and its partner Pfizer announced that they would discontinue development of vepdegestrant, an oral SERD for HR-positive breast cancer. The move eliminated two planned Phase 3 studies, following the termination of VERITAC-3 in January. According to The Fly, a financial news platform, Oppenheimer & Co. โwas surprised by the announcementโ and questioned whether โArvinasโ management isnโt telling us the whole story.โ Arvinas had repeatedly pointed to clinical progress for vepdegestrant and the drugโs commercial opportunity, leaving investors caught off guard by the abrupt pivot. On this news, the price of Arvinas shares declined by $2.39 per share, or approximately 25%, from $9.62 per share on April 30, 2025, to close at $7.23 on May 1, 2025.
If you purchased or otherwise acquired Arvinas securities, have information, or would like to learn more about this investigation, contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffsโ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firmโs efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20250528894729/en/
Contacts
Kirby McInerney LLP
Thomas W. Elrod, Esq.
212-699-1180
https://www.kmllp.com
investigations@kmllp.com
