QUOTE AND NEWS
SeekingAlpha  Mar 23  Comment 
newratings.com  Mar 14  Comment 
JERUSALEM (dpa-AFX) - The following are some of the biotech stocks that made their way onto the Day's Gainers & Losers' list of March 13, 2017. GAINERS 1. Cerulean Pharma Inc. (CERU) Gained 63.82% to close Monday's (Mar.13)...
Benzinga  Jan 19  Comment 
Verastem Inc (NASDAQ: VSTM) is a biopharmaceutical company that focuses on discovering and developing therapies for the treatment of patients with cancer. Verastem acquired a license agreement from Infinity Pharmaceuticals granting Verastem...
SeekingAlpha  Nov 7  Comment 
GenEng News  Nov 2  Comment 
Verastem has acquired exclusive worldwide rights to develop and commercialize Infinity Pharmaceuticals' Phase III oncology product candidate duvelisib, under a license agreement that could generate up to $28 million-plus for Infinity. ...
SeekingAlpha  Aug 8  Comment 




 

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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