Verastem secures $150M Oxford credit facility, reports Q4 net loss $16.5M

Verastem, Inc.

Secured up to $150M non-dilutive credit facility from Oxford Finance; initial $25M drawn at close.
Q4 2021 net loss $16.5M ($0.09/sh); full-year net loss $71.2M ($0.41/sh).
Pro-forma cash $125.3M as of Dec 31, 2021; expected cash runway through 2025.
RAMP 201 Part A results expected Q2 2022; RAMP 202 Part A results expected H2 2022.
Director Tim Barberich retiring March 31, 2022; Michelle Robertson appointed to board.

item 1.01 item 2.02 item 2.03 item 5.02 item 9.01

Executive movements

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Departed

Tim Barberich

Director

VSTM · Verastem, Inc.

Effective: 2022-03-31
Filed: March 28, 2022, 7:59 PM ET

On March 23, 2022, Tim Barberich, retired from the Board of Directors (the “Board”) of the Company and from all committees of the Board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Tim Barberich retired as Director at Verastem, Inc..

Action: retired
Role: Director

Exact text from the filing

On March 23, 2022, Tim Barberich, retired from the Board of Directors (the “Board”) of the Company and from all committees of the Board.

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Verastem, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-22-004433

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