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GenFleet Partners Three Pre-Clinical RAS Candidates with Verastem in $625.5 Million Deal

publication date: Aug 28, 2023

Shanghai GenFleet Technologies partnered three preclinical small-molecule candidates for RAS pathway-driven cancers to Verastem Oncology in a deal that could be worth up to $625.5 million. GenFleet will receive an initial payment of $11.5 million that combines upfront, research support and option payments for the first candidate. Verastem will have the right to in-license candidates once they complete pre-determined Phase I trial milestones. The $625.5 million includes in-license fees for all three candidates and milestones; Verastem will also pay royalties. GenFleet will retain China rights to the candidates. More details....

Stock Symbol: (NSDQ: VSTM)

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