NEW YORK, NY / ACCESS Newswire / May 6, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Arvinas, Inc. ("Arvinas" or "the Company") (NASDAQ:ARVN). Investors who purchased Arvinas securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/ARVN.
Investigation Details
On May 1, 2025, Arvinas issued a press release announcing that the Company and its development partners at Pfizer had "removed plans for a Phase 3 first-line combination trial with atirmociclib, as well as the planned Phase 3 second-line combination trial with a CDK4/6 inhibitor, from our joint development plan." Arvinas's Chief Executive Officer said that the "decision was made following a review of the totality of emerging information, including external data results, the evolving treatment landscape in metastatic breast cancer, and long-term capital allocation." Arvinas also "[a]nnounced a reduction in workforce of approximately one-third across the Company to streamline operations across the organization and enable the efficient progression of the Company's portfolio", advising that "[t]he reduction is planned to be completed in the second quarter of 2025." On this news, Arvina's stock price fell $2.39 per share, or 24.84%, to close at $7.23 per share on May 1, 2025.
What's Next?
If you are aware of any facts relating to this investigation or purchased Arvinas securities, you can assist this investigation by visiting the firm's site: bgandg.com/ARVN. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660
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Contact
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
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