STOCK TITAN

Verastem, Inc. - VSTM STOCK NEWS

Welcome to our dedicated page for Verastem news (Ticker: VSTM), a resource for investors and traders seeking the latest updates and insights on Verastem stock.

Verastem, Inc. (NASDAQ: VSTM) is a pioneering biopharmaceutical company dedicated to discovering and developing innovative drugs that target cancer stem cells. These cells are a significant factor in tumor recurrence and metastasis, posing a substantial challenge in the treatment of various cancers. Verastem's mission is to translate groundbreaking cancer stem cell research into new medicines that address major cancers, including breast cancer.

The core focus of Verastem lies in advancing novel anticancer agents, particularly those inhibiting critical signaling pathways that promote cancer cell survival and tumor growth. This includes the development of RAF/MEK inhibitors and FAK inhibitors. These targeted therapies are designed to intercept the mechanisms that allow cancer cells to thrive and spread, offering hope for more effective treatments.

One of the company's notable projects involves the combination of avutometinib (a RAF/MEK clamp) and defactinib (a FAK inhibitor). This drug combination has shown promising results and has been granted breakthrough therapy designation for treating recurrent low-grade serous ovarian cancer (LGSOC), regardless of KRAS status, after one or more prior lines of therapy, including platinum-based chemotherapy.

Verastem has also entered into a strategic partnership with GenFleet Therapeutics, a clinical-stage biotechnology company. This collaboration aims to advance three oncology programs, with GFH375 being the first selected candidate. GFH375, an oral KRAS G12D inhibitor, targets both the

Rhea-AI Summary
Verastem Oncology reported positive results from the RAMP 201 trial of avutometinib and defactinib in recurrent LGSOC. They also finalized the design of the Phase 3 confirmatory trial and raised $97.8M in a public offering, bringing their total cash to $183.1M. The company aims to file for accelerated approval based on mature results from RAMP 201 and data from the FRAME trial.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.3%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.57%
Tags
management
-
Rhea-AI Summary
Verastem Oncology (Nasdaq:VSTM) has granted stock options to five new employees. The options allow them to purchase 28,917 shares of the company's common stock. The exercise price is $7.75 per share, and the options will vest over a period of four years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.57%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.99%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.99%
Tags
Rhea-AI Summary
Verastem Oncology announces a 1-for-12 reverse stock split of its common stock to increase per share trading price and satisfy listing requirements on Nasdaq. The split will be effective on May 31, 2023, and trading will open on June 1, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.92%
Tags
none
-
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags

FAQ

What is the current stock price of Verastem (VSTM)?

The current stock price of Verastem (VSTM) is $5.9 as of January 9, 2025.

What is the market cap of Verastem (VSTM)?

The market cap of Verastem (VSTM) is approximately 262.6M.

What does Verastem, Inc. specialize in?

Verastem, Inc. specializes in developing novel drugs that target cancer stem cells to treat various major cancers, including breast cancer.

What are some of Verastem's key projects?

Verastem is working on RAF/MEK and FAK inhibitors to treat cancer. They are also developing a combination therapy of avutometinib and defactinib for low-grade serous ovarian cancer.

Who are Verastem's partners?

One of Verastem's key partners is GenFleet Therapeutics, with whom they are collaborating to advance oncology programs targeting KRAS mutations.

What is GFH375?

GFH375 is an oral KRAS G12D inhibitor being developed in collaboration with GenFleet Therapeutics. It targets cancer cells with KRAS G12D mutations.

What makes Verastem's approach unique?

Verastem focuses on cancer stem cells, aiming to develop therapies that prevent tumor recurrence and metastasis, a major challenge in cancer treatment.

What are RAF/MEK and FAK inhibitors?

RAF/MEK and FAK inhibitors are drugs that target specific signaling pathways in cancer cells, hindering their growth and survival.

What types of cancer is Verastem targeting?

Verastem is targeting major cancers, including breast cancer, ovarian cancer, and those with KRAS mutations.

What recent achievements has Verastem made?

Verastem's combination therapy of avutometinib and defactinib has been granted breakthrough therapy designation for treating recurrent low-grade serous ovarian cancer.

How does Verastem's partnership with GenFleet Therapeutics benefit their research?

The partnership allows Verastem to leverage GenFleet's expertise in oncology to advance new therapies targeting KRAS mutations, enhancing their oncology pipeline.

Where can I find more information about Verastem, Inc.?

More information can be found on their official website: www.verastem.com.
Verastem, Inc.

Nasdaq:VSTM

VSTM Rankings

VSTM Stock Data

262.59M
41.25M
0.82%
59.92%
5.89%
Biotechnology
Pharmaceutical Preparations
Link
United States of America
NEEDHAM