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flag FDA accepts priority review for Verastem's new ovarian cancer drug, boosting stock 21%.

flag Verastem Oncology's new drug application for treating recurrent low-grade serous ovarian cancer has been accepted for priority review by the FDA. flag The application involves the combination of avutometinib and defactinib, which, if approved, would be the first specific treatment for this type of cancer. flag This news led to a 21% increase in Verastem's stock price, though shares had fallen over 50% for the year. flag The FDA's decision is expected by June 30, 2025.

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