Verastem soars on FDA priority review for avutometinib

The US Food and Drug Administration (FDA) has accepted for review the New Drug Application (NDA) under the accelerated approval pathway for avutometinib, an oral RAF/MEK clamp, in combination with defactinib.

Under development at US pharma company Verastem Oncology (Nasdaq: VSTM), whose shares closed up 40.9% at $5.17 on Wednesday following the announcement, avutometinib is an oral FAK inhibitor, for the treatment of adult patients with recurrent low-grade serous ovarian cancer (LGSOC), who received at least one prior systemic therapy and have a KRAS mutation.