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Last $1.85 USD
Change Today +0.05 / 2.78%
Volume 280.5K
VSTM On Other Exchanges
As of 10:03 AM 10/5/15 All times are local (Market data is delayed by at least 15 minutes).

verastem inc (VSTM) Snapshot

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52 Week High
03/20/15 - $12.35
52 Week Low
09/28/15 - $1.50
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verastem inc (VSTM) Details

Verastem, Inc., a biopharmaceutical company, focuses on discovering and developing proprietary small molecule drugs targeting cancer stem cells (CSCs). The company’s programs target the focal adhesion kinase (FAK) and the PI3K/mTOR signaling pathways. Its lead FAK inhibitor, VS-6063, is in a registration-directed trial in patients with malignant pleural mesothelioma; a Phase Ib trial in combination with weekly paclitaxel for patients with ovarian cancer; a Phase II study in patients with non-small cell lung cancer; and a Phase II trial preceding surgery in mesothelioma, as well as a combination trial of VS-6063 and VS-5584 in patients with relapsed mesothelioma. The company is also developing FAK inhibitor, VS-4718, and dual mTORC1/2 and PI3K inhibitor VS-5584 that are in Phase I clinical trials in patients with advanced cancers. Its product candidates target CSCs, which have been implicated in aggressive cancers, metastasis, and chemotherapeutic resistance. The company has license agreement with Whitehead Institute for Biomedical Research; The Scripps Research Institute; and Pfizer, Inc. Verastem, Inc. was founded in 2010 and is based in Needham, Massachusetts.

47 Employees
Last Reported Date: 03/10/15
Founded in 2010

verastem inc (VSTM) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $504.6K
Co-Founder and Executive Chairman
Total Annual Compensation: --
Chief Operating Officer
Total Annual Compensation: $363.1K
Senior Advisor
Total Annual Compensation: $388.9K
Compensation as of Fiscal Year 2014.

verastem inc (VSTM) Key Developments

Verastem, Inc. - Special Call

Verastem, Inc. - Special Call

Verastem, Inc. Stops Enrollment Due to Futility in the Command Study of VS-6063 for the Treatment of Malignant Pleural Mesothelioma

Verastem, Inc. announced that the Company has stopped enrollment in the Phase 2 registration-directed, double-blind, placebo-controlled study (COMMAND) of VS-6063 for patients with mesothelioma. The decision to stop enrollment for futility followed a Data Safety Monitoring Board (DSMB) review of a pre-planned interim analysis. The results of the analysis demonstrated that VS-6063 had a generally well tolerated safety profile but that there was not a sufficient level of efficacy to warrant continuation of the study.

Verastem, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Verastem, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported loss from operations of $15,462,000, net loss of $15,377,000 or $0.42 per basic and diluted share against loss from operations of $13,087,000, net loss of $13,022,000 or $0.51 per basic and diluted share for the same period a year ago. The company used $12.0 million for operating activities in the second quarter ended June 30, 2015. For the six months, the company reported loss from operations of $30,704,000, net loss of $30,557,000 or $0.87 per basic and diluted share against loss from operations of $26,221,000, net loss of $26,084,000 or $1.02 per basic and diluted share for the same period a year ago.


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