other_material
confidence high
sentiment positive
materiality 0.75
IDEAYA licenses darovasertib ex-US to Servier for $210M upfront plus milestones up to $320M
IDEAYA Biosciences, Inc.
- Exclusive license to Servier for darovasertib outside the US; all human diagnostic, prophylactic, therapeutic uses.
- Upfront $210M; up to $100M development/regulatory milestones and $220M commercial milestones.
- Royalties on ex-US net sales: mid-teens to low-twenties percent.
- Cash runway extended by at least 12 months; expects funding into 2030 under current plan.
item 1.01