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News articleYahoo Finance· May 15, 2026

Rigel Pharmaceuticals Inks Breast Cancer Drug Deal With Arvinas, Pfizer

View original at finance.yahoo.com
Rigel Pharmaceuticals Inks Breast Cancer Drug Deal With Arvinas, Pfizer Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below…
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  • Median PFS was 5.0 months in the vepdegestrant arm and 2.1 months in the fulvestrant arm in VERITAC-2.

    60% confidence
  • Overall survival data was immature at the time of the PFS analysis, with 16% of deaths recorded in the population.

    60% confidence
  • The licensing agreement allows Rigel to launch VEPPANU in the U.S. and pursue global rights, potentially leading to significant revenue growth.

    60% confidence
  • Rigel will contribute up to $40 million towards VEPPANU development over the next four years under the licensing agreement.

    60% confidence
  • The FDA approval of vepdegestrant was based on data showing the drug reduced the risk of disease progression or death by 43% compared to fulvestrant.

    60% confidence
  • In the Phase 3 VERITAC-2 trial, vepdegestrant was generally well tolerated and demonstrated a statistically significant and clinically meaningful improvement in progression-free survival compared to fulvestrant.

    60% confidence

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Vertical AI Agents Attract a Funding Wave Across Fintech-Adjacent Industries
A cluster of AI-native startups applying autonomous agents to narrow, operational problems — hotel front-desk staffing (Dextr AI), identity/fraud risk for financial institutions (Baselayer), insurance distribution (Napo, Connie Health, MGT Insurance) — closed seed-to-Series A rounds within days of each other in September 2026, with CB Insights running a coordinated CEO interview series to spotlight them. The pattern points to agentic AI maturing from generic chat tools into vertical, revenue-generating products, with identity verification for AI agents themselves (Baselayer) emerging as a new fintech infrastructure category responding directly to AI-driven fraud risk.
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ING Group
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