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Verastem Inc (VSTM.OQ)

VSTM.OQ on NASDAQ Stock Exchange Global Market

2.04USD
29 Mar 2017
Change (% chg)

$0.14 (+7.37%)
Prev Close
$1.90
Open
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$2.09
Day's Low
$1.88
Volume
163,886
Avg. Vol
38,503
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52-wk Low
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Latest Key Developments (Source: Significant Developments)

Verastem reports year-end 2016 financial results
Thursday, 23 Mar 2017 04:01pm EDT 

Verastem Inc - : Verastem reports year-end 2016 financial results . Expect to have sufficient cash, cash equivalents and investments to fund our research and development programs and operations into 2018 . Net loss for year ended December 31, 2016 $0.99 per share .As of December 31, 2016, Verastem had cash, cash equivalents and investments of $80.9 million compared to $110.3 million as of December 31, 2015.  Full Article

Infinity expects net loss for 2017 in the range of $40 mln to $50 mln
Monday, 9 Jan 2017 08:03am EST 

Infinity Pharmaceuticals Inc : Infinity provides 2017 goals and financial guidance . Infinity Pharmaceuticals Inc - expects to end 2017 with a year-end cash and investments balance ranging from $40 million to $50 million . Infinity Pharmaceuticals Inc - expects net loss for 2017 to range from $40 million to $50 million. . Infinity Pharmaceuticals - updated cash runway expectation assumes receiving $6.0 million milestone payment from verastem for positive duo study results .Infinity Pharmaceuticals sees existing cash, cash equivalents, available-for-sale securities at Dec 31 2016 to be adequate to satisfy capital needs into Q1 2019.  Full Article

Verastem reports Q2 loss per share $0.23
Monday, 8 Aug 2016 08:40am EDT 

Verastem Inc : Verastem reports second quarter 2016 financial results . Q2 loss per share $0.23 . Q2 earnings per share view $-0.29 -- Thomson Reuters I/B/E/S .Expect to have sufficient cash, cash equivalents and short-term investments to fund research and development programs and operations into 2018.  Full Article

Verastem Q1 loss per share $0.22
Monday, 9 May 2016 04:05pm EDT 

Verastem Inc : Expect to have sufficient cash, cash equivalents,short-term investments to fund research and development programs and operations into 2018 . Verastem reports first quarter 2016 financial results . Q1 loss per share $0.22 .Q1 earnings per share view $-0.30 -- Thomson Reuters I/B/E/S.  Full Article

Verastem Announces Reduction of Workforce
Thursday, 8 Oct 2015 04:46pm EDT 

Verastem Inc:Says reduction of its workforce by approximately 50% to 20 full time employees.All affected employees will receive severance pay and outplacement assistance.As a result of the reduction in force and associated costs, Verastem estimates annual savings of about $4.9 million in cash operating expenses on a going forward basis, with estimated one-time severance and related costs of about $825,000 over Q4 2015 and the Q1 2016.  Full Article

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BRIEF-Verastem reports year-end 2016 financial results

* Expect to have sufficient cash, cash equivalents and investments to fund our research and development programs and operations into 2018