Verastem Oncology shares are trading lower. The company announced that it initiated the rolling submission of a NDA to the FDA for accelerated approval of the combination of avutometinib and defactinib for adult patients with recurrent KRAS mutant low-grade serous ovarian cancer.
Portfolio Pulse from Benzinga Newsdesk
Verastem Oncology shares are trading lower after the company announced the initiation of a rolling submission of a New Drug Application (NDA) to the FDA for accelerated approval of a combination therapy for recurrent KRAS mutant low-grade serous ovarian cancer.
May 24, 2024 | 12:51 pm
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Verastem Oncology shares are trading lower following the announcement of a rolling submission of an NDA to the FDA for a new cancer therapy. This could indicate investor uncertainty about the approval process or the market potential of the therapy.
The decline in share price suggests that investors may be concerned about the risks associated with the FDA approval process or the commercial viability of the new therapy. The rolling submission indicates a step towards potential approval, but the market reaction shows caution.
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IMPORTANCE 80
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