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IDEAYA Biosciences ( (IDYA) ) has provided an announcement.
IDEAYA Biosciences, in collaboration with Jiangsu Hengrui Pharmaceuticals, presented promising Phase 1 data for IDE849, a DLL3-targeting TOP1 ADC, at the IASLC 2025 World Conference on Lung Cancer. The trial showed a robust overall response rate and disease control rate in small cell lung cancer patients, with manageable safety profiles across various dose levels. Additionally, IDEAYA shared positive interim results from its Phase 2 trial of darovasertib for primary uveal melanoma, demonstrating significant tumor shrinkage and improved visual outcomes. The company also reported encouraging data from its Phase 1/2 trial of IDE397 combined with Trodelvy in MTAP-deletion urothelial cancer, highlighting a favorable safety profile and notable response rates.
The most recent analyst rating on (IDYA) stock is a Buy with a $40.00 price target. To see the full list of analyst forecasts on IDEAYA Biosciences stock, see the IDYA Stock Forecast page.
Spark’s Take on IDYA Stock
According to Spark, TipRanks’ AI Analyst, IDYA is a Neutral.
IDEAYA Biosciences’ overall stock score is driven by a strong corporate event in the form of a lucrative licensing agreement, which enhances financial stability. However, the company’s financial performance and valuation remain weak due to ongoing losses and a negative P/E ratio. Technical indicators suggest potential for positive price movement, but the financial challenges and valuation concerns weigh heavily on the overall score.
To see Spark’s full report on IDYA stock, click here.
More about IDEAYA Biosciences
IDEAYA Biosciences operates in the biotechnology industry, focusing on the development of targeted therapies for cancer treatment. The company is engaged in creating first-in-class and best-in-class therapeutics, with a particular emphasis on small molecule inhibitors and antibody drug conjugates.
Average Trading Volume: 1,036,803
Technical Sentiment Signal: Buy
Current Market Cap: $2.38B
See more data about IDYA stock on TipRanks’ Stock Analysis page.