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ARVNARVINAS, INC.Nasdaq

FDA Approves VEPPANU for Advanced Breast Cancer

8-KFDA / ClinicalbullishImpact88

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Arvinas received FDA approval for VEPPANU, its lead PROTAC drug for advanced breast cancer, triggering a $50 million milestone payment

Product / Regulatory Snapshot

Drug Name
VEPPANU (vepdegestrant)
Indication
ER+/HER2-, ESR1-mutated advanced or metastatic breast cancerAfter at least one line of endocrine-based therapy
Approval Date
May 1, 2026Ahead of June 5, 2026 PDUFA date
Milestone Payment
$50.0 millionFrom Pfizer, offset by Yale University obligations

Arvinas announced that the FDA has granted approval for VEPPANU (vepdegestrant) for the treatment of ER+/HER2-, ESR1-mutated advanced or metastatic breast cancer. This approval, received ahead of the PDUFA date, marks VEPPANU as the first-and-only FDA-approved PROTAC protein degrader. The company will receive a $50.0 million development milestone payment from its collaborator, Pfizer Inc., which will be partially offset by obligations to Yale University. This is a significant step for Arvinas, validating its PROTAC platform and addressing an unmet medical need

Score88

Score Rationale

bullish

The FDA approval of a novel drug for a significant cancer indication, ahead of schedule, represents a major de-risking event and a substantial financial milestone.

Key FDA Approval Details

Key terms

Product / Regulatory Details

Mechanism of Action
First-and-only FDA-approved PROTAC protein degrader
Clinical Trial Basis
VERITAC-2 Phase 3 trialDemonstrated statistically significant improvement in progression-free survival
PFS Improvement
43% reduction in risk of disease progression or deathCompared to fulvestrant in ESR1-mutated patients
Median PFS
5 months (vepdegestrant) vs. 2.1 months (fulvestrant)In ESR1-mutated patients

Commercialization Update

Commercialization Plan
Jointly identify and select a third-party partnerWith Pfizer Inc.
Partner Selection Status
On track to announce selection
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ARVN Market Context

SectorHealthcare
IndustryBiotechnology
Market Cap$533.59M
Shares Outstanding64.52M
Public Float55.87M
Public Float %86.6%
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Original Filing Text

SEC filing text preserved from the raw item store.

0001655759FALSE00016557592026-05-012026-05-01


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________________
FORM 8-K
__________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 1, 2026
__________________
Arvinas, Inc.
(Exact name of registrant as specified in its charter)
__________________
Delaware001-3867247-2566120
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
5 Science Park
395 Winchester Ave.
New Haven, Connecticut
06511
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code: (203) 535-1456
Not applicable
(Former Name or Former Address, if Changed Since Last Report)
__________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange
on which registered
Common stock, par value $0.001 per shareARVN
The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o



Item 7.01 Regulation FD Disclosure
On May 1, 2026, Arvinas, Inc. (the “Company”) issued a press release announcing that the U.S. Food and Drug Administration (“FDA”) has granted approval for VEPPANU™ (vepdegestrant) for the treatment of adults with estrogen receptor-positive (“ER+”)/human epidermal growth factor receptor 2-negative (“HER2-”), estrogen receptor 1 (“ESR1”)-mutated advanced or metastatic breast cancer, as detected by an FDA-authorized test, with disease progression following at least one line of endocrine-based therapy.
The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated into this Item 7.01 by reference.
The information in this Item 7.01, including Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 8.01 Other Events.
On May 1, 2026, the Company issued a press release announcing that the FDA has granted approval for VEPPANU™ (vepdegestrant) for the treatment of adults with ER+/ HER2-, ESR1-mutated advanced or metastatic breast cancer, as detected by an FDA-authorized test, with disease progression following at least one line of endocrine-based therapy. VEPPANU is the first-and-only FDA-approved PROteolysis Targeting Chimera (PROTAC) protein degrader, a type of heterobifunctional protein degrader therapy. FDA approval was received in advance of FDA-assigned Prescription Drug User Fee Act (“PDUFA”) date of June 5, 2026. The Company and its collaborator, Pfizer Inc., remain on track to announce selection of a third party to commercialize VEPPANU.
Pursuant to the collaboration agreement, dated as of July 21, 2021, by and between the Company, certain of the Company’s subsidiaries and Pfizer Inc., the Company will receive $50.0 million as a development milestone payment in connection with the FDA’s approval of VEPPANU (the “Milestone Payment”). The Milestone Payment will be offset by certain amounts that the Company will owe to Yale University ("Yale") pursuant to the amended and restated license agreement, dated June 18, 2024, by and between the Company, one of its subsidiaries, and Yale.
Item 9.01 Financial Statements and Exhibits.
Exhibit NumberDescription of Exhibit
104
Cover Page Interactive Data File (formatted as Inline XBRL)
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements that involve substantial risks and uncertainties, including statements regarding the Company’s and Pfizer’s announcement of selection of a third party to commercialize VEPPANU. All statements, other than statements of historical facts, contained in this Current Report on Form 8-K, including statements regarding the Company’s belief in the potential of its product candidates, strategy, future operations, prospects, plans and objectives of management, are forward-looking statements. The words "believe," "intends," "plans," "potential,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The Company may not actually achieve the plans, intentions or expectations disclosed in its forward-looking statements, and you should not place undue reliance on such forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements the Company makes as a result of various risks and uncertainties, including the important factors discussed the important factors discussed in the “Risk Factors” sections contained in the Company’s quarterly and annual reports on file with the U.S. Securities and Exchange Commission. The forward-looking statements contained in this Current Report on Form 8-K reflect the Company’s current views with respect to future events, and the Company assumes no obligation to update any forward-looking statements except as required by applicable law. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of this Current Report on Form 8-K.




SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ARVINAS, INC.
Date: May 1, 2026By:/s/ Jared Freedberg
Jared Freedberg
General Counsel