QUOTE AND NEWS
FierceBiotech  Aug 26  Comment 
Shares of Verastem cratered Wednesday morning as the Twitter crowd passed around an abstract on the company's defactinib (VS-6063), highlighting an extremely poor response rate for KRAS mutant non-small cell lung cancer.
Benzinga  Aug 26  Comment 
Schlumberger Limited. (NYSE: SLB) shares fell 4.44 percent to touch a new 52-week low of $69.29 after the company announced its plans to acquire Cameron International Corporation (NYSE: CAM) in a $14.8 billion deal. Verastem Inc (NASDAQ: VSTM)...
Benzinga  Aug 26  Comment 
Verastem Inc (NASDAQ: VSTM) shares dropped 14.28 percent to $5.67 after rising 2.16 percent on Tuesday. Republic Airways Holdings Inc. (NASDAQ: RJET) shares declined 12.24 percent to $2.94 after rising 5.02 percent on Tuesday. Seabridge...
TheStreet.com  Jul 2  Comment 
NEW YORK (TheStreet) -- Three key events in the biotech sector are slated to occur this summer, Mizuho Securities previewed in a note to investors today. Namely, data from Clovis Oncology's lung cancer treatment is expected to be released,...
Benzinga  Feb 13  Comment 
Novartis AG (ADR) (NYSE: NVS) obtained approval for an accelerated review of an experimental heart-failure treatment Friday, while Pfizer Inc. (NYSE: PFE)'s new formulation of oxycondone aimed at foiling abuse won acceptance for an...
Forbes  Jan 29  Comment 
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money.  So let's look at two noteworthy recent insider buys.
Benzinga  Jan 20  Comment 
Verastem, Inc. (NASDAQ: VSTM), focused on discovering and developing drugs to treat cancer by the targeted killing of cancer stem cells, today announced dosing of the first patient in a new clinical trial evaluating the combination of VS-5584, its...
Forbes  Dec 29  Comment 
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they...




 

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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