Arvinas Earlier Announced Potential Of PROTAC AR Degraders Reinforced by 11.1 Months rPFS With Bavdegalutamide And Updated Positive Interim Data From Second Generation ARV-766 In mCRPC
Portfolio Pulse from Charles Gross
Arvinas, Inc. (NASDAQ:ARVN) has announced interim data from its Phase 1/2 clinical trial for bavdegalutamide (ARV-110), a novel PROTAC® protein degrader, at the European Society for Medical Oncology Congress. The company also presented new data from an updated analysis of its ongoing Phase 1/2 clinical trial with its second-generation PROTAC AR degrader, ARV-766, showing clinical activity extending across patients with AR LBD mutations. Arvinas plans to prioritize the initiation of a Phase 3 trial with ARV-766 in mCRPC.
October 22, 2023 | 3:28 pm
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POSITIVE IMPACT
Arvinas' positive interim data from its Phase 1/2 clinical trials for bavdegalutamide and ARV-766, and its plans to initiate a Phase 3 trial with ARV-766, could potentially boost investor confidence and positively impact its stock price in the short term.
Positive clinical trial results often lead to increased investor confidence as they indicate progress and potential future revenue streams. The announcement of a Phase 3 trial also signals that the company is moving forward with its drug development, which could further boost investor sentiment.
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