Arvinas reports Q3 EPS (48c), consensus (74c)

Reports Q3 revenue $41.9M, consensus $27.55M. “The third quarter was marked by meaningful pipeline progress and strategic decisions aimed at positioning the company for sustained long-term growth and value creation,” said John Houston, Ph.D., Chairperson, Chief Executive Officer, and President of Arvinas (ARVN). “We have entered the beginning of a data-rich period with multiple readouts from our early-stage clinical programs. We also presented the first preclinical data from ARV-027, our promising new clinical candidate that targets the root cause of spinal bulbar muscular atrophy. Looking ahead, our mission is clear: to drive innovation across our PROTAC degrader portfolio and deliver transformative therapies to patients.”