Verastem gains priority review for novel oncology candidate in the USA
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).
Verastem’s regulatory application in these indications, the latter of which is being processed under accelerated approval, is set to be decided on by October 5.
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