• Verastem Oncology secured a new credit facility of up to $150 million and a $7.5 million equity investment with Oberland Capital, refinancing existing debt with Oxford Finance.
• A strategic collaboration with IQVIA aims to accelerate the commercial launch of the avutometinib and defactinib combination for recurrent KRAS mutant low-grade serous ovarian cancer (LGSOC).
• The FDA granted priority review with a PDUFA date of June 30, 2025, for the NDA of avutometinib and defactinib in recurrent KRAS mutant LGSOC after prior systemic therapy.
• Verastem exercised its option to license VS-7375, a KRAS G12D inhibitor, from GenFleet Therapeutics, with preliminary Phase 1 data from China showing promise.