Verastem Inc. (VSTM:NASDAQ)
Verastem Inc. (VSTM:NASDAQ) has a market cap of $80M. A Biotech Watchlist veteran, Verastem is attempting to lift itself up in the wake of the significant Phase 2 COMMAND trial disappointment.
New preclinical information has risen with respect to the utilization of central bond kinase (FAK) and protein tyrosine kinase-2 (PYK2) inhibitors to improve the viability of existing immunotherapy medications.
The stock keeps on exchanging at <1x money, however with a lower quarterly blaze rate going ahead, proceeded with advancement in characterizing the impact of FAKs on T cells, and arrival of information on VS-5584, the organization could be esteemed at a half premium from current levels, speaking to an appealing passage point for long haul financial specialists.
The organization keeps on executing on the innovative work of its two clinical-stage oncology programs focusing on a few high unmet need tumor sorts.
The experimental proof of the significance of central bond kinase in keeping up the tumor microenvironment that prompts immunosuppression and forceful malignancy keeps on mounting.
Enlistment and dosing proceeds in the Phase 1 dosage heightening study assessing its lead central bond kinase inhibitor VS-6063 in blend with Merck’s PD-1 inhibitor pembrolizumab and gemcitabine in patients with pancreatic malignancy.
The organization is anticipating the initiation of a clinical joint effort trial assessing VS-6063 in blend with Merck-KGaA and Pfizer’s PD-L1 inhibitor avelumab in ovarian malignancy amid the second 50% of the year. We shut the quarter with a solid accounting report totaling $92.9 million in real money, money counterparts and transient ventures.
In the most recent quarter, its net los for the second quarter finished June 30, (2016 Quarter) was $8.6 million, or $0.23 per share, when contrasted with a net loss of $15.4 million, or $0.42 per share, for the second quarter finished June 30, (2015 Quarter). Net loss incorporates non-money stock-based remuneration cost of $1.7 million and $2.6 million for the 2016 Quarter and 2015 Quarter, separately.