Verastem Oncology

Verastem Oncology

VSTM
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VSTM · Stock Price

USD 5.66-1.51 (-21.06%)
Market Cap: $433.0M

Historical price data

Market Cap: $433.0MPipeline: 2 drugs (1 Phase 3)HQ: United States

Overview

Verastem Oncology is a commercial-stage biotech company with a mission to develop novel treatments for RAS/MAPK pathway-driven cancers, a major oncogenic driver in ~30% of human cancers. Its key achievement is the FDA approval of avutometinib (a RAF/MEK clamp) combined with defactinib for KRAS-mutant recurrent low-grade serous ovarian cancer (LGSOC). The company's strategy is built on a deep understanding of pathway biology, pursuing rational drug combinations to block primary drivers and compensatory resistance, and forging strategic partnerships to accelerate development in high-unmet-need oncology areas.

OncologyRAS/MAPK Pathway-Driven Cancers

Technology Platform

A proprietary platform focused on the RAS/MAPK pathway, centered on avutometinib, a first-in-class small molecule RAF/MEK clamp that uniquely inhibits two nodes of the pathway simultaneously, combined with rational pairing of other agents like FAK inhibitors to overcome resistance.

Pipeline

2
2 drugs in pipeline1 in Phase 3
DrugIndicationStageWatch
avutometinib + Defactinib + Pegylated liposomal doxorubicin ...Low Grade Serous Ovarian CancerPhase 3
Avutometinib (VS-6766) + Defactinib (VS-6063)Low Grade Serous Ovarian CancerPhase 2

Funding History

4
Total raised:$211M
PIPE$40M
IPO$81M
Series B$55M
Series A$35M

Company Timeline

2012IPO

IPO — $81.0M

2012Series B

Series B: $55.0M

2018PIPE

PIPE: $40.0M