ARVINAS, INC. (ARVN) Form 8-K — Aug 4, 2026
Arvinas reported second quarter 2026 financial results highlighted by the first-ever FDA approval of a PROTAC drug, VEPPANU, for ER+/HER2- advanced or metastatic breast cancer. The company also entered into an exclusive license agreement with Rigel Pharmaceuticals for the global development and commercialization rights to VEPPANU. Driven by the approval and licensing milestone, revenue surged to $249.7 million compared to $22.4 million in the prior year quarter, resulting in net income of $169.4 million or $2.61 per share. The company ended the quarter with cash, cash equivalents, and marketable securities of $567.9 million, which it expects will fund operations into the second half of 2028.
Key figures
- Eps
- $2.61
- Revenue
- $249.7 million
- Net Income
- $169.4 million
- Cash Position
- $567.9 million
- Cash burn 6mo
- $117.5 million
- Rigel milestone
- $35.0 million
Price after filing
Close on the filing date to close N calendar days later (from $8.30). Historical, not a forecast.
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