Verastem Trumpets Early Clinical Results For FAK Program, Discloses Timelines And Plans

Addressing an audience of 150 attendees at its first clinical-stage R&D day on July 11, Verastem Inc. put forward its new senior executive team, as well as an eminent authority in cancer stem cell biology, to describe its clinical progress thus far, and its future plans.

Investors generally liked Verastem’s rapid development of its FAK program, in particular the speed with which it’s advancing its lead candidate VS-6063 and expanding it across various tumor types. Several analysts covering the company bumped up its price target a few points.

At its first clinical-stage R&D day July 11, the company trumpeted its FAK (focal adhesion kinase) inhibitor program, including VS-6063, acquired from Pfizer Inc. in July 2012 and currently in ovarian cancer trials and soon to start in mesothelioma; and its follow-on FAK candidate VS-4718, licensed from Scripps Research Institute/Poniard Pharmaceuticals Inc

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