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Stock impact report

Here's Why Verastem Tumbled 34.1% in December [The Motley Fool]

Verastem, Inc. (VSTM) 
Last verastem, inc. earnings: 10/29 04:17 pm Check Earnings Report
US:NASDAQ Investor Relations: verastem.com
Company Research Source: The Motley Fool
Here's Why Verastem Tumbled 34.1% in December Cory Renauer ( TMFangapples Jan , 09 at 7:8PM What happened Shares of Verastem NASDAQ:VSTM Global Market Intelligence So what In December, the Nasdaq Image source: Getty Images. In September, the FDA approved Verastem's Copiktra for the treatment of leukemia and lymphoma patients following two Now what At recent prices, Verastem sports a tiny $7 million enterprise value Copkitra is one of several PIK inhibitors, and the first has been a total flop. Gilead Sciences NASDAQ:GILD fell Verastem licensed Copkitra from a smaller company that remains entitled to around 0% of the drug's net sales. That means little Verastem needs its PIK inhibitor to outperform Gilead's by a mile just to break even. That simply doesn't seem like a risk worth taking. Show less Read more
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