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Symbol IDYA
Name IDEAYA Biosciences, Inc.
Currency USD
Sector Health Care
IndustryGroup Pharmaceuticals, Biotechnology & Life Sciences
Industry Biotechnology
Market NASDAQ Global Select
Country United States
State CA
City South San Francisco
Zipcode 94080
Website http://www.ideayabio.com
Roche has entered a $1 billion deal with Innovent Biologics for the DLL3-targeted ADC IBI3009, following promising data from Zai Lab's DLL3 ADC in small cell lung cancer. AstraZeneca faces scrutiny in China, potentially impacting operations, while Viatris received an FDA warning letter for its Indian plant, affecting 11 products. In other developments, Ideaya Biosciences is paying $75 million for rights to SHR-4849, and Hutchmed is divesting its interest in a traditional medicine unit to focus on ADCs.
Cramer's Lighting Round highlighted concerns over several stocks. Altria is deemed undervalued but not recommended due to health implications. Boeing is avoided for potential long-term losses, while Becton Dickinson faces challenges linked to vaccine business risks. IDEAYA Biosciences is considered too early-stage for investment, and AstraZeneca's uncertain trajectory raises alarms about further declines.
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