IDEAYA exercises option for license on Biocytogen’s IDE034
US company IDEAYA Biosciences (Nasdaq: IDYA) has exercised the option for an exclusive worldwide license for Biocytogen Pharmaceuticals’ (HKEX: 02315) B7H3/PTK7 BsADC program, IDE034, and has nominated it as a development candidate.
IDEAYA is a San Francisco-based precision oncology firm, while Biocytogen is a Chinese biotech focused on the discovery of novel antibody/ADC therapeutics.
Yuelei Shen, president and chief executive of Biocytogen, said: “We are excited that IDEAYA has chosen to exercise their option to license the worldwide rights to our B7H3/PTK7 BsADC IDE034, which incorporates our proprietary topoisomerase linker-payload.
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