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The latest announcement is out from Arvinas Holding Company ( (ARVN) ).
On January 15, 2025, Arvinas Operations, Inc., a subsidiary of Arvinas, Inc., entered into a Lease Termination Agreement with Science Park Development Corporation. The agreement effectively terminated the lease for premises in Science Park Building 4, New Haven, Connecticut, as of December 31, 2024. As part of the agreement, Arvinas Operations is responsible for vacating the property by January 21, 2025, transferring specific lab furniture to the new tenant, and is relieved from paying rent or other charges from the termination date onward. The landlord is required to return the security deposit within ten business days after the surrender date. This development marks a significant change in the company’s operational logistics and may impact its future real estate strategies.
More about Arvinas Holding Company
YTD Price Performance: -1.69%
Average Trading Volume: 820,298
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.28B
See more data about ARVN stock on TipRanks’ Stock Analysis page.
