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Verastem Congratulates Co-founder Robert Weinberg and Announces the Presentation of Data at the 2012 AACR Annual Meeting

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Mar. 26, 2012-- Verastem, Inc., (NASDAQ: VSTM) a biopharmaceutical company focused on discovering and developing drugs to treat breast and other cancers by targeting cancer stem cells (CSCs), congratulates Robert Weinberg, Ph.D., Verastem co-founder and co-chair of the Scientific Advisory Board, and announces the presentation of preclinical data at the American Association for Cancer Research annual meeting being held March 31 to April 4, 2012, in Chicago, IL.

Dr. Weinberg has been awarded the 2012 Pezcoller Foundation-AACR International Award for Cancer Research for his outstanding work in the fields of cancer genetics and cell biology. Dr. Weinberg will deliver an award lecture entitled “Epithelial-Mesenchymal Transition, Cancer Stem Cells and Metastasis” at the annual meeting on Monday, April 2, 2012.

Verastem will present data on its programs targeting the focal adhesion kinase (FAK; VS-4718 and VS-5095) and Wnt/Beta-catenin (VS-507) signaling pathways. Research on the FAK and Wnt/Beta-catenin signaling pathways has revealed critical roles for each in the survival and metastatic capability of CSCs. Verastem will present data on FAK and Wnt inhibition in preclinical cancer models as well as data on the development of biomarkers for companion diagnostic tests to identify CSCs.

The schedule for Dr. Weinberg’s award address and Verastem’s poster presentations is as follows:

Dr. Weinberg’s award lecture:
Date & Time: Monday, April 2, 2012, at 5:30 p.m. (CT)
Title: Epithelial-Mesenchymal Transition, Cancer Stem Cells and Metastasis
Location: Skyline Ballroom of McCormick Place

Verastem’s poster presentations:
Date & Time: Monday, April 2, 2012, from 1:00 to 5:00 p.m. (CT)
Poster Title: The FAK Inhibitors VS-4718 and VS-5095 Attenuate Breast Cancer Stem Cell Function In Vitro and Tumor Growth In Vivo
Abstract Number: LB-192
Location: McCormick Place West (Hall F), Poster Section 38

Date & Time: Monday, April 2, 2012, from 1:00 to 5:00 p.m. (CT)
Poster Title: The Wnt Inhibitor VS-507 Reduces Cancer Stem Cell Function In Vitro and Tumorigenicity in Mice
Abstract Number: LB-194
Location: McCormick Place West (Hall F), Poster Section 38

Date & Time: Monday, April 2, 2012, from 1:00 to 5:00 p.m. (CT)
Poster Title: An Alternative Splicing Signature that Identifies Breast Cancer Stem Cells
Abstract Number: LB-197
Location: McCormick Place West (Hall F), Poster Section 38

About Verastem, Inc.

Verastem, Inc. (NASDAQ: VSTM) is a biopharmaceutical company focused on discovering and developing drugs to treat breast and other cancers by targeting cancer stem cells. Cancer stem cells are an underlying cause of tumor recurrence and metastasis. For more information please visit www.verastem.com.

Forward-looking statements:

Any statements in this press release about future expectations, plans and prospects for the Company constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release include statements about the roles of FAK and Wnt/Beta-catenin signaling pathways in survival and metastatic capability of CSCs. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the unproven nature of our discovery and development approach and uncertainties inherent in preclinical testing and clinical trials, among other factors discussed in the "Risk Factors" section of the prospectus for our recently completed initial public offering, which is on file with the Securities and Exchange Commission. The Company anticipates that subsequent events and developments will cause the Company’s views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so.

Source: Verastem, Inc.

Verastem, Inc.
Investor contact:
Brian Sullivan, 617-252-9314
bsullivan@verastem.com
or
Media contact:
Kari Watson, 781-235-3060
kwatson@macbiocom.com