Verastem gains priority review for novel oncology candidate in the USA

10 April 2018

Shares in Verastem (Nasdaq: VSTM) were lifted about 10% yesterday as the East Coast, USA-based biotech firm revealed that the US drugs regulator is to assess its oncology candidate duvelisib under the priority review scheme.

Duvelisib is a first-in-class oral dual inhibitor of phosphoinositide 3-kinase (PI3K)-delta and PI3K-gamma, which the firm is developing as a treatment for relapsed or refractory chronic lymphocytic leukemia/small lymphocytic lymphoma (CLL/SLL) and relapsed or refractory follicular lymphoma (FL).

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