Logos Global Management LP sent an email to the Board of Directors of Arvinas, Inc., recommending a strategic reset of the company's direction and structure. The letter urged the board to consider a special distribution to stockholders.
The activist investor also recommended that Arvinas refrain from further investment in its early-stage pipeline and adopt a leaner operating model focused on preserving cash. These recommendations suggest a belief that the current strategy is not maximizing shareholder value.
Furthermore, Logos Global Management LP expressed the belief that Arvinas should not proceed independently with its lead asset, vepdegestrant, without the involvement of a committed strategic partner. This indicates a desire for a different commercialization approach for the company's most advanced program.
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