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Verastem

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Verastem Stock Surges Over 50% on Positive Pancreatic Cancer Drug Data
stock-market-news1 year ago

Verastem Stock Surges Over 50% on Positive Pancreatic Cancer Drug Data

Verastem (VSTM) stock plummeted by 62% following the release of clinical trial data for its metastatic pancreatic cancer treatment, which revealed serious adverse events in 12 patients, including 11 with grade ≥3 events. Despite initial positive results, the safety concerns led to heavy trading and a significant drop in stock value.

Verastem's Pancreatic Cancer Drug Combo Shows Promising Early Results, Stock Soars
health1 year ago

Verastem's Pancreatic Cancer Drug Combo Shows Promising Early Results, Stock Soars

Verastem Oncology reported positive initial results from a Phase I/II trial of avutometinib combined with defactinib, gemcitabine, and nab-paclitaxel for treating metastatic pancreatic cancer, achieving an 83% overall response rate. The company will present these findings at the ASCO Annual Meeting in June 2024, leading to a 40% rise in its shares. Despite promising efficacy, the trial noted several serious adverse events.