Verastem Oncology Appoints New Board Member
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Source: Newsfilter
- New Board Member: Verastem Oncology has appointed Michael P. Bailey to its Board of Directors, bringing over three decades of experience in global pharmaceuticals and biotechnology, which is expected to significantly support the company's future growth.
- Strategic Development Focus: Bailey's appointment comes as Verastem enters a new phase with AVMAPKI® FAKZYNJA® CO-PACK and VS-7375, a potential best-in-class oral KRAS G12D inhibitor aimed at improving the quality of life for patients with rare cancers lacking effective treatments.
- Rich Leadership Experience: Currently the CEO of AVEO Pharmaceuticals, Bailey has held executive roles in several pharmaceutical companies, notably launching ERBITUX® during his tenure at ImClone Systems, providing valuable insights for Verastem's innovative pipeline.
- Acknowledgment of Former Director: The company expressed gratitude for Robert Gagnon's contributions during his tenure on the board, highlighting the importance of board member transitions in maintaining competitiveness in the rapidly evolving biopharmaceutical industry.
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Analyst Views on VSTM
Wall Street analysts forecast VSTM stock price to rise
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 4.290
Low
14.00
Averages
15.60
High
20.00
Current: 4.290
Low
14.00
Averages
15.60
High
20.00
About VSTM
Verastem, Inc. is a late-stage development biopharmaceutical company, which focuses on the development and commercialization of new medicines to improve the lives of patients diagnosed with ras sarcoma (RAS)/ mitogen-activated pathway kinase (MAPK) pathway-driven cancers. Its product candidates include avutometinib and defactinib. Avutometinib is an oral RAF/MEK clamp that inhibits MEK1/2 kinase activities and induces inactive complexes of MEK with A-Raf proto-oncogene, potentially serine/threonine kinase (ARAF), B-Raf proto-oncogene serine/threonine kinase (BRAF) and C-raf proto-oncogene serine/threonine kinase, creating antitumor response through maximal RAS/MAPK pathway inhibition. Defactinib is an oral, selective inhibitor of FAK and proline-rich tyrosine kinase (PYK2), the two members of the focal adhesion kinase family of non-receptor protein tyrosine kinases. FAK and PYK2 integrate signals from integrin and growth factor receptors to regulate cell proliferation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Verastem Oncology Appoints New Board Member
- New Board Member: Verastem Oncology has appointed Michael P. Bailey to its Board of Directors, bringing over three decades of experience in global pharmaceuticals and biotechnology, which is expected to significantly support the company's future growth.
- Strategic Development Focus: Bailey's appointment comes as Verastem enters a new phase with AVMAPKI® FAKZYNJA® CO-PACK and VS-7375, a potential best-in-class oral KRAS G12D inhibitor aimed at improving the quality of life for patients with rare cancers lacking effective treatments.
- Rich Leadership Experience: Currently the CEO of AVEO Pharmaceuticals, Bailey has held executive roles in several pharmaceutical companies, notably launching ERBITUX® during his tenure at ImClone Systems, providing valuable insights for Verastem's innovative pipeline.
- Acknowledgment of Former Director: The company expressed gratitude for Robert Gagnon's contributions during his tenure on the board, highlighting the importance of board member transitions in maintaining competitiveness in the rapidly evolving biopharmaceutical industry.
See More
Verastem Oncology Announces Investor Conference Schedule
- Investor Conference Schedule: Verastem Oncology is set to participate in the HCW 4th Annual BioConnect Investor Conference on May 19, 2026, and the RBC Global Healthcare Conference on May 20, 2026, showcasing advancements in RAS/MAPK pathway-driven cancers, which is expected to attract investor interest and enhance company visibility.
- Webcast Availability: The company will provide live webcasts of the presentations on its website under the 'Events & Presentations' section, with replays available for approximately 90 days post-event, ensuring that investors unable to attend live can still access critical information.
- Product Market Positioning: Verastem Oncology focuses on developing and commercializing new medicines, particularly for patients with RAS/MAPK pathway-driven cancers, with existing products like AVMAPKI® and FAKZYNJA® CO-PACK in the market, indicating the company's potential in the biopharmaceutical sector.
- R&D Pipeline Focus: The company's pipeline emphasizes novel small molecule drugs that inhibit critical signaling pathways promoting cancer cell survival and tumor growth, including RAF/MEK inhibition, FAK inhibition, and KRAS G12D inhibition, showcasing its innovative capabilities in cancer treatment.
See More
Launch of LGSOC Resource Guide to Support Patients
- Resource Integration: The STAAR Low-Grade Serous Ovarian Cancer Foundation and Verastem Oncology have launched the LGSOC Resource Guide, designed to provide comprehensive educational materials and community resources for patients and caregivers dealing with this rare form of ovarian cancer, thereby addressing significant informational gaps.
- Patient Engagement: The guide's release coincides with World Ovarian Cancer Day, emphasizing the critical role of patients in treatment decision-making, which helps them transition from feeling powerless to becoming active participants in their care, ultimately enhancing their quality of life and treatment confidence.
- FDA Interaction: In 2023, STAAR held its first-ever Externally-led Patient-Focused Drug Development meeting with the FDA, advancing recognition of LGSOC as a distinct disease requiring dedicated treatment approaches, which facilitated the development of the first FDA-approved treatment for KRAS-mutated recurrent LGSOC.
- Mental Health Focus: LGSOC patients face significant mental and physical health challenges, and the resource guide offers support information regarding emotional well-being and fertility, aiming to assist patients and their families in obtaining necessary support and information when confronting the disease.
See More
Verastem Q1 2026 Earnings Call Insights
- Revenue Growth: Verastem achieved $18.7 million in net product revenue for Q1 2026, reflecting steady quarter-over-quarter growth and bringing total net revenue close to $50 million, indicating a stable market presence and potential for future expansion.
- Leadership Change: The appointment of Dan Lyons as the new Chief Commercial Officer aims to enhance commercial execution, expected to drive effective transformations in marketing and sales strategies, thereby improving overall performance.
- R&D Expenses: The company reported $38.2 million in R&D expenses for Q1, and despite facing seasonal challenges, it remains on track to achieve self-sustainability for the LGSOC franchise in the second half of 2026, demonstrating confidence in future profitability.
- Clinical Advancements: Verastem anticipates initiating three registration-directed Phase II clinical trials for pancreatic cancer, non-small cell lung cancer, and colorectal cancer by mid-2026, further unlocking the market potential of VS-7375 and boosting investor confidence.
See More
Verastem Q1 2026 Earnings Beat Expectations
- Earnings Highlights: Verastem's Q1 non-GAAP EPS of -$0.43 beats expectations by $0.04, although revenue of $18.67M misses by $2.72M, indicating improvements in cost management despite revenue challenges.
- Clinical Trial Progress: Early data from the TARGET-D 101 trial is expected to be reported in 1H 2026, with an update on the trial's progress in 2H 2026, reflecting the company's ongoing commitment to R&D.
- New Trial Initiation: The first patient in the TARGET-D 201, TARGET-D 202, and TARGET-D 203 clinical trials is expected to be initiated in mid-2026, showcasing the company's proactive approach in drug development.
- Future Milestones: The RAMP 205 trial is set to report updates on safety and efficacy of the expansion cohort in Q2 2026, which is anticipated to provide critical data for metastatic pancreatic cancer treatment, further advancing the company's strategic development in oncology.
See More
Verastem Launches New Treatment for LGSOC
- FDA Approval: Verastem Oncology's AVMAPKI®FAKZYNJA®CO-PACK received accelerated FDA approval on May 8, 2025, specifically designed for adult patients with KRAS-mutated recurrent low-grade serous ovarian cancer who have undergone prior systemic therapy, marking a significant advancement in treatment options.
- Patient Support Initiative: The newly launched 'Reimagine Recurrent LGSOC' campaign aims to provide emotional resonance and practical information for both patients and healthcare professionals, helping patients better manage their condition and set treatment expectations, thereby enhancing their quality of life.
- Market Demand Response: LGSOC is a rare cancer with a high recurrence rate, with approximately 30% of patients harboring KRAS mutations; Verastem's treatment not only fills a critical gap in this therapeutic area but also offers renewed hope for patients, potentially driving the company's growth in the biopharmaceutical market.
- Clinical Trial Plans: Verastem is conducting the international Phase 3 confirmatory trial RAMP 301 to evaluate the combination of AVMAPKI and FAKZYNJA against standard chemotherapy, further validating its clinical benefits to ensure continued FDA approval.
See More
Verastem Oncology Appoints New Board Member
- New Board Member: Verastem Oncology has appointed Michael P. Bailey to its Board of Directors, bringing over three decades of experience in global pharmaceuticals and biotechnology, which is expected to significantly support the company's future growth.
- Strategic Development Focus: Bailey's appointment comes as Verastem enters a new phase with AVMAPKI® FAKZYNJA® CO-PACK and VS-7375, a potential best-in-class oral KRAS G12D inhibitor aimed at improving the quality of life for patients with rare cancers lacking effective treatments.
- Rich Leadership Experience: Currently the CEO of AVEO Pharmaceuticals, Bailey has held executive roles in several pharmaceutical companies, notably launching ERBITUX® during his tenure at ImClone Systems, providing valuable insights for Verastem's innovative pipeline.
- Acknowledgment of Former Director: The company expressed gratitude for Robert Gagnon's contributions during his tenure on the board, highlighting the importance of board member transitions in maintaining competitiveness in the rapidly evolving biopharmaceutical industry.
See More
Verastem Oncology Announces Investor Conference Schedule
- Investor Conference Schedule: Verastem Oncology is set to participate in the HCW 4th Annual BioConnect Investor Conference on May 19, 2026, and the RBC Global Healthcare Conference on May 20, 2026, showcasing advancements in RAS/MAPK pathway-driven cancers, which is expected to attract investor interest and enhance company visibility.
- Webcast Availability: The company will provide live webcasts of the presentations on its website under the 'Events & Presentations' section, with replays available for approximately 90 days post-event, ensuring that investors unable to attend live can still access critical information.
- Product Market Positioning: Verastem Oncology focuses on developing and commercializing new medicines, particularly for patients with RAS/MAPK pathway-driven cancers, with existing products like AVMAPKI® and FAKZYNJA® CO-PACK in the market, indicating the company's potential in the biopharmaceutical sector.
- R&D Pipeline Focus: The company's pipeline emphasizes novel small molecule drugs that inhibit critical signaling pathways promoting cancer cell survival and tumor growth, including RAF/MEK inhibition, FAK inhibition, and KRAS G12D inhibition, showcasing its innovative capabilities in cancer treatment.
See More
Launch of LGSOC Resource Guide to Support Patients
- Resource Integration: The STAAR Low-Grade Serous Ovarian Cancer Foundation and Verastem Oncology have launched the LGSOC Resource Guide, designed to provide comprehensive educational materials and community resources for patients and caregivers dealing with this rare form of ovarian cancer, thereby addressing significant informational gaps.
- Patient Engagement: The guide's release coincides with World Ovarian Cancer Day, emphasizing the critical role of patients in treatment decision-making, which helps them transition from feeling powerless to becoming active participants in their care, ultimately enhancing their quality of life and treatment confidence.
- FDA Interaction: In 2023, STAAR held its first-ever Externally-led Patient-Focused Drug Development meeting with the FDA, advancing recognition of LGSOC as a distinct disease requiring dedicated treatment approaches, which facilitated the development of the first FDA-approved treatment for KRAS-mutated recurrent LGSOC.
- Mental Health Focus: LGSOC patients face significant mental and physical health challenges, and the resource guide offers support information regarding emotional well-being and fertility, aiming to assist patients and their families in obtaining necessary support and information when confronting the disease.
See More
Verastem Q1 2026 Earnings Call Insights
- Revenue Growth: Verastem achieved $18.7 million in net product revenue for Q1 2026, reflecting steady quarter-over-quarter growth and bringing total net revenue close to $50 million, indicating a stable market presence and potential for future expansion.
- Leadership Change: The appointment of Dan Lyons as the new Chief Commercial Officer aims to enhance commercial execution, expected to drive effective transformations in marketing and sales strategies, thereby improving overall performance.
- R&D Expenses: The company reported $38.2 million in R&D expenses for Q1, and despite facing seasonal challenges, it remains on track to achieve self-sustainability for the LGSOC franchise in the second half of 2026, demonstrating confidence in future profitability.
- Clinical Advancements: Verastem anticipates initiating three registration-directed Phase II clinical trials for pancreatic cancer, non-small cell lung cancer, and colorectal cancer by mid-2026, further unlocking the market potential of VS-7375 and boosting investor confidence.
See More
Verastem Q1 2026 Earnings Beat Expectations
- Earnings Highlights: Verastem's Q1 non-GAAP EPS of -$0.43 beats expectations by $0.04, although revenue of $18.67M misses by $2.72M, indicating improvements in cost management despite revenue challenges.
- Clinical Trial Progress: Early data from the TARGET-D 101 trial is expected to be reported in 1H 2026, with an update on the trial's progress in 2H 2026, reflecting the company's ongoing commitment to R&D.
- New Trial Initiation: The first patient in the TARGET-D 201, TARGET-D 202, and TARGET-D 203 clinical trials is expected to be initiated in mid-2026, showcasing the company's proactive approach in drug development.
- Future Milestones: The RAMP 205 trial is set to report updates on safety and efficacy of the expansion cohort in Q2 2026, which is anticipated to provide critical data for metastatic pancreatic cancer treatment, further advancing the company's strategic development in oncology.
See More
Verastem Launches New Treatment for LGSOC
- FDA Approval: Verastem Oncology's AVMAPKI®FAKZYNJA®CO-PACK received accelerated FDA approval on May 8, 2025, specifically designed for adult patients with KRAS-mutated recurrent low-grade serous ovarian cancer who have undergone prior systemic therapy, marking a significant advancement in treatment options.
- Patient Support Initiative: The newly launched 'Reimagine Recurrent LGSOC' campaign aims to provide emotional resonance and practical information for both patients and healthcare professionals, helping patients better manage their condition and set treatment expectations, thereby enhancing their quality of life.
- Market Demand Response: LGSOC is a rare cancer with a high recurrence rate, with approximately 30% of patients harboring KRAS mutations; Verastem's treatment not only fills a critical gap in this therapeutic area but also offers renewed hope for patients, potentially driving the company's growth in the biopharmaceutical market.
- Clinical Trial Plans: Verastem is conducting the international Phase 3 confirmatory trial RAMP 301 to evaluate the combination of AVMAPKI and FAKZYNJA against standard chemotherapy, further validating its clinical benefits to ensure continued FDA approval.
See More
