EarningsVerastem reported revenues of $2.1M for the quarter, higher than consensus estimate of $1.0M, and a net loss of $0.35 per diluted share, compared to consensus estimated net loss of $0.73 per share.
Market PotentialThe company's KRASG12D inhibitor program presents a significant market opportunity, estimated at over $1.5 billion.
Regulatory ApprovalVerastem’s avutometinib plus defactinib combination received accelerated approval from the FDA for the treatment of low-grade serous ovarian cancer.