
Verastem Inc
VSTM · NASDAQ · Healthcare / Biotechnology
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About
Verastem, Inc., a development-stage biopharmaceutical company, focuses on developing and commercializing drugs for the treatment of cancer in the United States. Its product candidates are Avutometinib, which is an orally administered, small molecule dual RAF/MEK inhibitor developed to block MEK kinase activity and the compensatory reactivation of MEK by upstream RAF, thereby targeting the RAS/MAPK signaling pathway that is commonly activated in various cancers; and Defactinib, an oral small molecule inhibitor of FAK and proline-rich tyrosine kinase for various solid tumors. The company is involved in clinical studies, including RAMP 301, a randomized global confirmatory trial to evaluate the combination of Avutometinib and Defactinib for the treatment of patients with recurrent low-grade serous ovarian cancer; RAMP 201, an adaptive two-part multicenter, parallel cohort, randomized open label trial to evaluate the efficacy and safety of Avutometinib and in combination with Defactinib; and FRAME, an investigation of Avutometinib and Defactinib in patients with KRAS mutant cancers and subsequent analyses; and RAMP 205. It has license agreements with Chugai Pharmaceutical Co., Ltd. for the development, commercialization, and manufacture of products containing Avutometinib; and Pfizer Inc. to research, develop, manufacture, and commercialize products containing Pfizer's inhibitors of FAK for therapeutic, diagnostic, and prophylactic uses in humans. In addition, it has a clinical collaboration agreement with Amgen, Inc. to evaluate the combination of Avutometinib with Amgen's KRAS-G12C inhibitor LUMAKRAS, which in Phase 1/2 trial entitled RAMP 203; VS-7375, and VS-7375-101 is a discovery and development collaboration with GenFleet Therapeutics to advance new programs targeting RAS pathway-driven cancers; and AVMAPKI, FAKZYNJA, CO-PACK, is an avutometinib capsules, and defactinib tablets. The company was incorporated in 2010 and is headquartered in Needham, Massachusetts.
Company Details
- SectorHealthcare
- IndustryBiotechnology
- CEOMr. Daniel W. Paterson
- Employees102
- Headquarters117 Kendrick Street, Needham, MA, United States, 02494, USA
- Websitehttps://www.verastem.com
Leadership
- Mr. Daniel W. PatersonPresident, CEO & Director · b. 1961
- Mr. Daniel CalkinsChief Financial Officer · b. 1988
- Dr. Michael Glen Kauffman M.D., Ph.D.President of Development & Director · b. 1963
- Dr. Robert A. Weinberg Ph.D.Co-Founder & Chair of Scientific Advisory Board
- Dr. Michelle Detwiler M.D., Ph.D.Co-Founder · b. 1976
- Ms. Lori HorvatExecutive Vice President of Portfolio Strategy & Operations
- Dr. Jonathan Pachter Ph.D.Chief Scientific Officer · b. 1958
- Ms. Julissa VianaVice President of Corporate Communications & Investor Relations
- Mr. Mark J. WandaSenior VP of Legal & Chief Compliance Officer
- Ms. Cathy CarewChief Organizational Effectiveness Officer
Financials
Income Statement
Balance Sheet
Cash Flow
Earnings
Key Statistics & Ratios
Analyst Ratings
- Strong Buy7
- Buy2
Ownership Breakdown
- Institutions
- 110.91%
- Insiders
- 1.02%
- Retail / Other
- 0.00%
Top Institutional Holders
- RTW INVESTMENTS, LLC6.58M7.27%
- BlackRock Inc6.19M6.85%
- Deep Track Capital, LP5.74M6.34%
- Armistice Capital, LLC4.59M5.08%
- Nantahala Capital Management, LLC3.58M3.96%
- State Street Corp3.52M3.89%
- Vanguard Capital Management, LLC3.32M3.67%
- Stonepine Capital Management Llc3.30M3.65%
- Foresite Capital Management VI LLC3.15M3.48%
- Morgan Stanley - Brokerage Accounts2.25M2.48%
- Rosalind Advisors, Inc.2.14M2.36%
- Millennium Management LLC2.08M2.30%
- Alyeska Investment Group, L.P.2.05M2.27%
- AIGH Capital Management, LLC1.93M2.13%
- Opaleye Management Inc1.80M1.99%
- Geode Capital Management, LLC1.72M1.90%
- J. Goldman & Co LP1.68M1.86%
Top Fund Holders
- State Street® SPDR® S&P® Biotech ETF3.58M3.95%
- Vanguard MStar Total Stk Mkt Idx Invest2.81M3.11%
- iShares Russell 2000 ETF2.04M2.25%
Stock Splits
- Jun 1, 20231:12