Acrivon Therapeutics announces CEO participation in virtual oncology summit, highlighting advancements in precision medicine and ongoing clinical studies.
Quiver AI Summary
Acrivon Therapeutics, a clinical-stage biotechnology company, announced that its CEO, Dr. Peter Blume-Jensen, will participate in a virtual chat at the TD Cowen's 7th Annual Oncology Innovation Summit on May 26, 2026. The company focuses on precision medicines and utilizes its proprietary Generative Phosphoproteomics AP3 platform for drug design and clinical development, including insights into tumor drug sensitivity and resistance. Acrivon is advancing ACR-368, a selective CHK1/2 inhibitor, in a Phase 2b study for endometrial cancer, having received FDA Fast Track designation and Breakthrough Device designation for its diagnostic assay. Additionally, Acrivon is developing ACR-2316, a WEE1/PKMYT1 inhibitor, showing promising early results in clinical trials. The company is also exploring multiple preclinical candidates targeting CDK11 for aggressive cancers.
Potential Positives
- Acrivon Therapeutics' CEO, Peter Blume-Jensen, is participating in a high-profile virtual fireside chat at TD Cowen’s 7th Annual Oncology Innovation Summit, enhancing the company's visibility in the oncology space.
- The company is advancing ACR-368, a potential first-in-class therapy for endometrial cancer, which has received Fast Track designation from the FDA, indicating its potential to address unmet medical needs.
- The FDA has granted Breakthrough Device designation for the ACR-368 OncoSignature assay, which highlights its innovative approach in identifying patients who may benefit from treatment.
- Acrivon's pipeline includes other promising candidates such as ACR-2316, showing initial clinical efficacy and a favorable safety profile, which suggests a strong potential for future growth and development.
Potential Negatives
- The press release emphasizes the use of "forward-looking statements," which indicates uncertainty regarding the company’s future performance and could raise concerns among investors about the potential risks involved.
- The mention of several Phase 1/2 studies and clinical-stage assets suggests that the company may still be in early development stages, which could imply a longer time to market and uncertainty in commercial success.
- Although initial data for ACR-2316 indicates a favorable safety profile, the occurrence of "transient, mechanism-based hematological adverse events" could raise safety concerns among potential investors and indicate ongoing challenges in drug development.
FAQ
What is the purpose of Acrivon's upcoming virtual event?
Acrivon's virtual fireside chat aims to discuss company developments and insights at TD Cowen’s Oncology Innovation Summit.
Who will represent Acrivon at the Oncology Innovation Summit?
Peter Blume-Jensen, M.D., Ph.D., the president and CEO of Acrivon Therapeutics, will represent the company.
What is the Acrivon Predictive Precision Proteomics (AP3) platform?
AP3 is Acrivon's proprietary platform for drug design and predictive clinical development based on protein pathway activity measurement.
What advanced therapy is Acrivon investigating for endometrial cancer?
Acrivon is advancing ACR-368, a selective CHK1/2 inhibitor, in a registrational intent Phase 2b study.
What distinguishes Acrivon's clinical candidates in drug development?
Acrivon’s candidates utilize innovative mechanisms and proprietary platforms, focusing on precision medicine and targeting cancer drug resistance.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ACRV Insider Trading Activity
$ACRV insiders have traded $ACRV stock on the open market 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $ACRV stock by insiders over the last 6 months:
- PETER BLUME-JENSEN (President and CEO) purchased 49,000 shares for an estimated $82,124
- ERIC DEVROE (Chief Operating Officer) purchased 10,000 shares for an estimated $17,218
- ADAM D. LEVY (Chief Financial Officer) purchased 8,832 shares for an estimated $14,999
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$ACRV Hedge Fund Activity
We have seen 19 institutional investors add shares of $ACRV stock to their portfolio, and 28 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CITADEL ADVISORS LLC removed 1,641,884 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $2,282,218
- ACORN CAPITAL ADVISORS, LLC removed 405,237 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $563,279
- UBS GROUP AG removed 313,907 shares (-90.1%) from their portfolio in Q1 2026, for an estimated $436,330
- ACADIAN ASSET MANAGEMENT LLC added 264,765 shares (+45.6%) to their portfolio in Q1 2026, for an estimated $368,023
- TWO SIGMA ADVISERS, LP added 197,273 shares (+144.5%) to their portfolio in Q4 2025, for an estimated $475,427
- TWO SIGMA INVESTMENTS, LP removed 195,674 shares (-33.4%) from their portfolio in Q1 2026, for an estimated $271,986
- RENAISSANCE TECHNOLOGIES LLC added 124,271 shares (+19.6%) to their portfolio in Q1 2026, for an estimated $172,736
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$ACRV Analyst Ratings
Wall Street analysts have issued reports on $ACRV in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- HC Wainwright & Co. issued a "Buy" rating on 11/25/2025
To track analyst ratings and price targets for $ACRV, check out Quiver Quantitative's $ACRV forecast page.
$ACRV Price Targets
Multiple analysts have issued price targets for $ACRV recently. We have seen 2 analysts offer price targets for $ACRV in the last 6 months, with a median target of $13.5.
Here are some recent targets:
- Edward Tenthoff from Piper Sandler set a target price of $8.0 on 01/09/2026
- Emily Bodnar from HC Wainwright & Co. set a target price of $19.0 on 11/25/2025
Full Release
WATERTOWN, Mass., May 21, 2026 (GLOBE NEWSWIRE) -- Acrivon Therapeutics, Inc. (“Acrivon” or “Acrivon Therapeutics”) (Nasdaq: ACRV), a clinical stage biotechnology company discovering and developing precision medicines utilizing its proprietary Generative Phosphoproteomics AP3 (Acrivon Predictive Precision Proteomics) platform deployed for rational drug design and predictive clinical development, today announced the company’s president and chief executive officer, Peter Blume-Jensen, M.D., Ph.D., will participate in a virtual fireside chat on Tuesday, May 26, 2026, at 9:00 a.m. ET at TD Cowen’s 7 th Annual Oncology Innovation Summit.
The live and archived webcast of this event can be accessed through a link on the Events & Presentations page within the investor section of the company’s website at https://ir.acrivon.com/news-events/events-presentations .
About Acrivon Therapeutics
Acrivon Therapeutics is a pioneering clinical-stage oncology company advancing several potential first-in-class precision medicines guided by its unique ability to directly measure drug-regulated intracellular protein pathway activity states that underlie tumor drug sensitivity, drug resistance, and therapeutic response. The company is built around Acrivon Predictive Precision Proteomics (AP3), its cutting edge, proprietary Generative Phosphoproteomics platform. The high-throughput and high-resolution mass spectrometry-based AP3 platform incorporates a growing suite of powerful, internally-developed computational tools for generative AI analyses, including the AP3 Data Portal, the AP3 Kinase Substrate Relationship Predictor, and the AP3 Interactome. These differentiated capabilities enable the company to go beyond the limitations of traditional and current AI-based target-centric drug discovery. AP3 enables Acrivon to link drug mechanism of action with disease-driving pathway biology and apply that information for streamlined clinical development through rational drug design, patient responder identification, indication finding, resistance-mechanism discovery, rational drug combination development, and in vivo pharmacodynamic assessment.
Acrivon is currently advancing ACR-368 (also known as prexasertib), a potent, selective CHK1/2 inhibitor, in a registrational intent Phase 2b study for endometrial cancer. Endometrial cancer was identified by AP3 as a tumor type predicted sensitive to ACR-368. The company has received Fast Track designation from the Food and Drug Administration, or FDA, for the investigation of ACR-368 as a monotherapy based on OncoSignature-predicted sensitivity in patients with endometrial cancer. The FDA has granted a Breakthrough Device designation for the ACR-368 OncoSignature assay for the identification of patients with endometrial cancer who may benefit from ACR-368 treatment.
In addition to ACR-368, Acrivon is also leveraging AP3 for the development of its co-crystallography-driven, internally discovered pipeline programs. These include ACR-2316, the company’s second clinical stage asset which is being advanced in a Phase 1/2 study. ACR-2316 is, a novel, potent, selective WEE1/PKMYT1 inhibitor designed for superior single-agent activity through strong activation of not only CDK1 and CDK2, but also of PLK1 to drive pro-apoptotic cell death, as observed in preclinical studies against benchmark inhibitors. The Phase 1/2 trial of ACR-2316 is rapidly advancing, with two weekly oral dosing regimens established. Initial data has shown a favorable, differentiated safety profile limited to transient, mechanism-based hematological adverse events, primarily only neutropenia, with noticeable absence of non-hematological adverse events. Initial clinical activity across AP3-selected solid tumor types has demonstrated long-lasting benefit and tumor shrinkage, including PRs in endometrial cancer, as well as heavily pretreated SCLC and sqNSCLC, two tumor types not typically sensitive to WEE1 or PKMYT1 inhibitors.
The company is also advancing multiple promising first-in-class development candidates targeting CDK11, a master regulator of the cell cycle and gene transcription. Several of these preclinical candidates have shown complete tumor regression in aggressive AML in vivo models and are being advanced in IND-enabling studies.
Forward-Looking Statements
This press release includes certain disclosures that contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 about us and our industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations or financial condition, business strategy and plans and objectives of management for future operations, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would” or the negative of these words or other similar terms or expressions. Forward-looking statements are based on Acrivon’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Factors that could cause actual results to differ include, but are not limited to, risks and uncertainties that are described more fully in the section titled “Risk Factors” in our reports filed with the Securities and Exchange Commission. Forward-looking statements contained in this press release are made as of this date, and Acrivon undertakes no duty to update such information except as required under applicable law.
Acrivon intends to use its website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. For more information, please visit www.acrivon.com.
Investor and Media Contacts:
Adam D. Levy, Ph.D., M.B.A.
[email protected]
Alexandra Santos
[email protected]