QUOTE AND NEWS
Benzinga  Nov 10  Comment 
Verastem, Inc. (NASDAQ: VSTM), focused on discovering and developing drugs to treat cancer by the targeted killing of cancer stem cells, announced today that Robert Forrester, Verastem President and Chief Executive Officer, will participate in a...
StreetInsider.com  Oct 24  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Verastem+%28VSTM%29+Issues+Encouraging+Update+on+VS-6063+in+Reducing+Cancer+Stem+Cell+Markers/9938814.html for the full story.
DailyFinance  Jun 24  Comment 
Verastem, Inc. (NASDAQ:VSTM), focused on discovering and developing drugs to treat cancer by the targeted killing of cancer stem cells, today announced publication of an article titled “FAK Inhibitor Kills Mesothelioma...
Motley Fool  Jun 21  Comment 
Verastem might have to compete with GlaxoSmithKine, but Eli Lilly won't be a problem since it's targeting patients that have already taken Lilly's drug.
StreetInsider.com  May 12  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Verastem%2C+Inc.+%28VSTM%29+Will+Expand+COMMAND+into+Japan/9470757.html for the full story.
Benzinga  May 6  Comment 
In a report published Tuesday, Deutsche Bank analyst Alethia Young initiated coverage on Verastem (NASDAQ: VSTM) with a Buy rating and $14.00 price target. In the report, Deutsche Bank noted, “Verastem's lead asset is VS-6063 for the...
SeekingAlpha  Apr 20  Comment 
By The Behavioral Economist: Investors with a practical understanding of the biotechnology sector share an extraordinary opportunity; the chance to invest in the future. Granted, all investments are essentially an investment into the "future", but...
DailyFinance  Apr 9  Comment 
Verastem, Inc. (NASDAQ:VSTM), focused on discovering and developing drugs to treat cancer by the targeted killing of cancer stem cells, today announced the presentation of scientific data at the American Association for Cancer...
SeekingAlpha  Mar 6  Comment 
Start Time: 08:07 End Time: 08:54 Verastem, Inc. (VSTM) Q4 2013 Earnings Conference Call March 6, 2014 08:00 AM ET Executives Christoph Westphal - Executive Chairman Robert Forrester - President and CEO Joanna Horobin - Chief...
StreetInsider.com  Mar 6  Comment 
The following is a list of notable articles to help get you through the lunch hour: Apple (AAPL) iPhone 5c Stockpile Hits Multimillion-Unit Levels -> Read this! Dish Network (DISH) PT Raised to $72-$76 at Wells Fargo -> Read this! CPT Panel...




 

Verastem (NASDAQ:VSTM) is a biopharmaceutical company which is developing small moleculre drugs to target cancer stem cells. The company believes that cancer stem cells are a key reason to the recurrence of tumors. These cells are resistant to chemotherapy and other cancer therapies. Verastem's drug will use small molecule compounds to directly target these cancer stem cells. [1]

Business Overview

Verastem is a prerevenue company. For the nine months ended in September of 2011, the company reported a net loss of $8M.[2]

New Updates

The company's initial public offering of stock on the NASDAQ occurred on January 26, 2012. The company offered 5.5M shares each for $10. This was within the $9-$11 initial price range. The deal raised a total of $55M. The lead mangers of the deal were UBS and Leerink Swann.[3]

Trends & Forces

A Prerevenue R&D

At the time of its IPO, Verastem was early in its drug development stage. As a result, the company will have to successfully discover, receive approval, and commercialize a drug based on the money it has. If it fails to do that, it will have to find some other way to generate a cash flow. Because a drug like the one Verastem plans to discover has never been commercialized it is unclear if it is possible or if the FDA would approve it.[4]

  1. VSTM S-1/A 2011 PROSPECTUS SUMMARY "Overiew" pg.1-2
  2. VSTM S-1/A 2011 PROSPECTUS SUMMARY "Selected financial data" pg.48
  3. Renaissance Capital - IPO Home "Verastem prices upsized IPO at $10 midpoint" Jan 26 2012
  4. VSTM S-1/A 2011 PROSPECTUS SUMMARY "Risk factors" pg.11
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