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Verastem Oncology Announces $75 million Private Placement

1. Verastem Oncology raised $24 million through a private placement at $7.00 per share. 2. The company also offered $51 million in pre-funded warrants to certain investors.

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FAQ

Why Bullish?

The capital raised indicates strong investor confidence, potentially driving the share price up, similar to other biotech firms that saw price increases following funding announcements.

How important is it?

Raising funds is crucial for drug development and operational stability, directly affecting VSTM's market position.

Why Short Term?

The immediate effect of capital influx will likely be seen in the short-term as investors react positively, reminiscent of past biotech funding events.

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AMGNGILDMRNA
BOSTON--(BUSINESS WIRE)--Verastem Oncology (Nasdaq: VSTM), a biopharmaceutical company committed to advancing new medicines for patients with RAS/MAPK pathway-driven cancers, today announced that it has entered into a securities purchase agreement with certain institutional and accredited investors for a private placement of approximately $24 million of shares of its common stock at a price of $7.00 per share and, in lieu of common stock to certain investors, $51 million of pre-funded warrants.

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