The company will imminently start its third pivotal trial of PF-08634404.
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But the Day One deal is still 29% below where the shares stood at the start of this year.
Progress with three bispecific molecules is rewarded with a $120m equity raise.
Keynote-D18 might have failed on a technicality, but now cash is running out.
ALX2004 starts phase 1, along with the sixth oncology-focused in vivo Car-T.
If Pfizer hands back the estrogen receptor degrader, Arvinas will seek a new partner.
A second global pivotal trial will test iza-bren in the same NSCLC setting where patri-dxd failed.
The speciality pharma will gain the approved Danyelza and a radiopharma pipeline.
