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Verastem Catapults To Mid-stage Development with Pfizer Licensing Deal

 
• By Lisa LaMotta

The Massachusetts-based cancer stem cell company has struck two deals in as many days in an effort to move compounds into the clinic for various types of cancers and multiple targets.

In a week filled with deal activity, Cambridge, Mass.-based cancer stem cell company Verastem Inc. held an R&D day to discuss the changes that have propelled it from pre-clinical stage activity to a clinical-stage company with a compound ready to enter Phase II.

Earlier this week on July 11, Verastem announced that it had in-licensed Pfizer Inc.’s focal adhesion kinase (FAK) inhibitor, formerly known as PF-04554878, which Pfizer decided to stop developing...

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