Verastem Shares Soar on FDA Priority Review of Cancer Treatment

Dow Jones

01 Jan

By Dean Seal

Shares of Verastem surged after the company's new cancer treatment got priority review from regulators.

The stock was up 46% at $5.37 on Tuesday. Shares are still down 35% since the start of the year.

The company said after the bell on Monday that the Food and Drug Administration has given priority review to its treatment for recurrent low-grade serous ovarian cancer.

The FDA's decision is expected by June 30, 2025. If approved, it would be the first treatment specifically for this type of cancer, the company said.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

December 31, 2024 14:00 ET (19:00 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Shares are still down 35% since the start of the year. \n\n\n  The company said after the bell on Monday that the Food and Drug Administration has given priority review to its treatment for recurrent low-grade serous ovarian cancer. \n\n\n  The FDA's decision is expected by June 30, 2025. If approved, it would be the first treatment specifically for this type of cancer, the company said. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 31, 2024 14:00 ET (19:00 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":1}}}