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Verastem Q1 Adjusted Loss Narrows, Revenue Plummets

05/11/2021 12:36

04:21 PM EDT, 05/11/2021 (MT Newswires) -- Verastem (VSTM) reported Tuesday a Q1 adjusted loss of $0.07 per share, compared with a loss of $0.20 per share a year earlier.

Revenue slumped year over year to $1 million from $5.1 million.

The company had cash, cash equivalents, and investments of $127.1 million as of March 31, compared with $147.2 million on Dec. 31, 2020.

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