NEEDHAM, Mass. (AP) _ Verastem Inc. (VSTM) on Tuesday reported a loss of $30.1 million in its third quarter.
The Needham, Massachusetts-based company said it had a loss of 41 cents per share. Losses, adjusted for non-recurring costs, came to 35 cents per share.
The drug developer posted revenue of $9 million in the period.
In the final minutes of trading on Tuesday, the company's shares hit $1.25. A year ago, they were trading at $4.98.