Arvinas, Inc. (NASDAQ:ARVN) Stake Jumps 194% at XTX Topco

Arvinas, Inc. (NASDAQ:ARVN) is among the best US stocks under $10 to invest in. XTX Topco Ltd has increased its stake in Arvinas, Inc. (NASDAQ:ARVN) by 194.2% during the first quarter, as disclosed in the company’s recent disclosure with the Securities & Exchange Commission. With the purchase of 51,658 shares, the firm now holds 78,257 shares of the company’s stock, valued at $549,000.

Arvinas, Inc. (NASDAQ:ARVN) recently achieved a milestone in its partnership with Pfizer to co-develop Vepdegestrant. The U.S. FDA is set to review the marketing application for the drug that is targeted at people with advanced or metastatic breast cancer who have previously received endocrine-based therapy. With a target action date of June 5, 2026, the solution is to address the unmet medical needs.

Arvinas, Inc. (ARVN): Among Stocks Under $10 that Will Triple

A biopharma executive in a meeting room discussing the clinical-stage of a new therapy.

Considering the company’s robust balance sheet, management is confident in its resources to advance its exciting programs. Arvinas, Inc. (NASDAQ:ARVN) has prominent clinical and regulatory programs across its pipeline of PROTAC degraders, and that’s what makes it so compelling.

Arvinas, Inc. (NASDAQ:ARVN) is a Connecticut-based clinical-stage biotechnology company that engages in solutions to degrade disease-causing proteins. Founded in 2013, the company focuses on PROTAC (PROteolysis TArgeting Chimera) technology to power the body’s natural systems.

While we acknowledge the potential of ARVN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ARVN and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.