Verastem's Duvelisib And The Competition: A Comparison [Seeking Alpha]
Verastem, Inc. (VSTM)
Last verastem, inc. earnings: 10/29 04:17 pm
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US:NASDAQ Investor Relations:
verastem.com
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Source: Seeking Alpha
Summary When I first covered Verastem ( VSTM ) in March, the stock had not yet started its awesome rise. I also had two major doubts about the company - its cash position, and its competitive position vis-a-vis Imbruvica. So, while I held a small position, I was fairly cautious. My money having almost quadrupled in the ensuing half-year, my caution now looks, in retrospect, unwarranted; except for the dilution. That issue has been effectively addressed by the company - through a dilution. That dilution did not effect the stock much, which was strongly bullish. But the one thing that still worries me is competition. Imbruvica is the principal competition, and it is owned by AbbVie ( ABBV ), and it is the same drug that AbbVie abandoned duvelisib for. So there are some dramatic elements here in how Imbruvica continues being a cause for pain of duvelisib. Of course, it makes perfect sense for AbbVie to acquire duvelisib and retain its lead in chronic lymphocytic leukemia,
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VSTM
News
- Verastem Oncology Announces Appointment of John Hayslip, M.D., to Chief Medical Officer [Yahoo! Finance]Yahoo! Finance
- Verastem Oncology Announces Appointment of John Hayslip, M.D., to Chief Medical OfficerBusiness Wire
- Orna Therapeutics Appoints Frank Neumann, M.D., Ph.D., as Chief Medical Officer [Yahoo! Finance]Yahoo! Finance
- MPM BioImpact Appoints Frank Neumann, M.D., Ph.D., Distinguished Expert in Clinical Development, as Entrepreneur Partner [Yahoo! Finance]Yahoo! Finance
- GenFleet Therapeutics Announces Potent Anti-tumor Efficacy of GFH375, an Oral KRAS G12D (ON/OFF) Inhibitor, and its Potential in Combination Therapy with RAF/MEK Clamp at 2024 AACR Annual MeetingPR Newswire
VSTM
Earnings
- 3/14/24 - Miss
VSTM
Sec Filings
- 4/12/24 - Form DEF
- 4/9/24 - Form 8-K
- 4/8/24 - Form 4
- VSTM's page on the SEC website