Verastem Oncology Receives FDA Orphan Drug Designation For Avutometinib And Defactinib For The Treatment Of Pancreatic Cancer; Expects To Report Updated Data From The Ongoing RAMP 205 Trial In First-Line Metastatic Pancreatic Cancer In Q1 2025
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Verastem Oncology (NASDAQ: VSTM) has received FDA Orphan Drug Designation for its drugs avutometinib and defactinib for the treatment of pancreatic cancer. The company expects to report updated data from the ongoing RAMP 205 trial in Q1 2025.
July 29, 2024 | 8:08 pm
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Verastem Oncology has received FDA Orphan Drug Designation for its drugs avutometinib and defactinib for pancreatic cancer treatment. The company plans to report updated data from the RAMP 205 trial in Q1 2025.
The FDA Orphan Drug Designation is a significant regulatory milestone that can provide various benefits, including market exclusivity and tax credits. This news is likely to positively impact VSTM's stock price in the short term. Additionally, the anticipation of updated trial data in Q1 2025 adds a future catalyst for the stock.
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