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Verastem Oncology

#7160

Rank

$386.18M

Marketcap

US United States

Country

Verastem Oncology
Leadership team

Mr. Brian M. Stuglik BPHARM, R.Ph., RPh (CEO & Director)

Mr. Daniel W. Paterson (COO & Pres)

Mr. Richard H. Aldrich M.B.A., Mba (Founder and Consultant)

Products/ Services
Biopharma, Biotechnology, Pharmaceutical
Headquarters
Needham, Massachusetts, United States
Established
2010
Company Registration
SEC CIK number: 0001526119
Revenue
2M - 5M
Traded as
VSTM
Social Media
Overview
Location
Summary
Verastem, Inc., a development-stage biopharmaceutical company, focusing on developing and commercializing drugs for the treatment of cancer. Its product in development includes VS-6766, a dual rapidly accelerated fibrosarcoma (RAF)/mitogen-activated protein kinase (MEK) clamp that blocks MEK kinase activity and the ability of RAF to phosphorylate MEK. The company also engages in developing RAMP 201, an adaptive two-part multicenter, parallel cohort, randomized open label trial to evaluate the efficacy and safety of VS-6766 and in combination with defactinib, an oral small molecule inhibitor of focal adhesion kinase (FAK) in patients with recurrent low grade serous ovarian cancer; and RAMP 202, which is in Phase 2 trial to evaluate the safety of VS-6766 in combination with defactinib in patients with KRAS and BRAF mutant non-small cell lung cancer following treatment with a platinum-based regimen and immune checkpoint inhibitor. Verastem, Inc. has license agreements with Chugai Pharmaceutical Co., Ltd. for the development, commercialization, and manufacture of products containing VS-6766; and Pfizer Inc. to research, develop, manufacture, and commercialize products containing Pfizer's inhibitors of FAK for therapeutic, diagnostic and prophylactic uses in humans. In addition, it has clinical collaboration agreement with Amgen, Inc. to evaluate the combination of VS-6766 with Amgen's KRAS-G12C inhibitor LUMAKRASTM which in Phase 1/2 trial entitled RAMP 203. The company was incorporated in 2010 and is headquartered in Needham, Massachusetts.
History

Verastem Oncology was co-founded in 2010 by entrepreneur Christoph H. Westphal and venture capitalist Michelle Dipp, who provided seed funding and initial office space in Cambridge, MA. The company was formed to commercialize the work of the three other co-founders, MIT biologists Robert F. Weinberg, Eric S. Lander and Piyush Gupta, by discovering and developing drugs to treat cancer by targeting cancer stem cells.The company raised $16 million in the initial Series A financing.Westphal served as CEO and chairman of the board from 2010 to 2013. Under his leadership, the company raised $55 million through an IPO in 2012. Mr. Robert Forrester succeeded Christoph Westphal as Verastem's president and CEO in 2013. In July 2019, Brian Stuglik was appointed to chief executive officer of Verastem Oncology.

Mission
Our mission is to develop novel cancer treatments by targeting the underlying pathways that cause certain cancers, chief among them cancer stem cells.
Vision
Our vision is to be a global leader in the development of medicines that target cancer stem cells to improve the lives of cancer patients around the world.
Key Team

Dr. Robert A. Weinberg Ph.D. (Co-Founder & Chair of Scientific Advisory Board)

Dr. Piyush B. Gupta Ph.D. (Co-Founder)

Dr. Michelle Dipp M.D., Ph.D. (Co-Founder)

Ms. Erin S. Cox (Sr. Director of Investor Relations & Corp. Communications)

Mr. Daniel Calkins (Interim Principal Accounting Officer & Financial Officer)

Mr. Sean C. Flynn (VP, Gen. Counsel & Sec.)

Dr. Jonathan Pachter Ph.D. (Chief Scientific Officer)

Recognition and Awards
Verastem Oncology has received numerous awards: Deloitte's 2018 Technology Fast 500™, BioSpace's 2018 Biotech Hotbeds, and FierceBiotech's 2018 15 Fierce Innovators in Rare Disease Treatment.
References

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Verastem Oncology
Leadership team

Mr. Brian M. Stuglik BPHARM, R.Ph., RPh (CEO & Director)

Mr. Daniel W. Paterson (COO & Pres)

Mr. Richard H. Aldrich M.B.A., Mba (Founder and Consultant)

Products/ Services
Biopharma, Biotechnology, Pharmaceutical
Headquarters
Needham, Massachusetts, United States
Established
2010
Company Registration
SEC CIK number: 0001526119
Revenue
2M - 5M
Traded as
VSTM
Social Media