M&A
confidence high
sentiment positive
materiality 0.65
IDEAYA enters option/license deal with Biocytogen for B7H3/PTK7 BsADC; total potential $406.5M
IDEAYA Biosciences, Inc.
- Total potential payments of $406.5M including $100M development/regulatory milestones and single-digit royalties.
- Option for exclusive worldwide license; upfront and option exercise fees up to $6.5M.
- Targets B7H3/PTK7 co-expression in lung, colorectal, head and neck cancers with double-digit prevalence.
- Development candidate nomination targeted for H2 2024; potential combo with DDR pipeline including IDE161 (PARG).