What You Need to Know About Ideaya
Published: Jan 19, 2017
January 9, 2017
By Mark Terry, BioSpace.com Breaking News Staff
Ideaya Biosciences focuses on the discovery and development of personalized synthetic lethality therapeutics that target DNA damage and repair, and immune-oncology therapies that target the tumor microenvironment.
Synthetic lethality that targets DNA damage and repair pathways has become a reality with the approval of a PARP-inhibitor, olaparib (Lynparza), from AstraZeneca in BRCA deficient ovarian cancer. Ideaya plans to focus on novel synthetic lethal interactions for genetically defined patient populations, exploiting tumor susceptibilities along the way.
The company also plans to investigate the potential of modulating DNA repair to augment response to immunotherapy.
Yujiro Hata – co-founder and chief executive officer. Prior to co-founding Ideaya, Hata was chief operating officer at Flexus Biosciences and FLX Bio, which he joined as a startup and led through its acquisition by Bristol-Myers Squibb in April 2015. From 2010 until its acquisition by Amgen in October 2013, he was vice president, corporate development and strategy at Onyx Pharmaceuticals .
Jeffrey Hager – co-founder and senior vice president, head of biology. Prior to Ideaya, Hager was vice president of biology at Seragon Pharmaceuticals, which was acquired by Roche /Genentech for up to $1.7 billion. Before that, he was senior director at Aragon Pharmaceuticals , which was acquired by Johnson & Johnson for up to $1 billion.
Michael Dillon – senior vice president, head of drug discovery. Before joining Ideaya, Dillion was Global Discovery Chemistry head responsible for Oncology and New Therapeutic Modalities at Novartis Institutes.
In June 2016, Morphic completed a Series A financing round worth $51.5 million. It was co-led by SR One and Pfizer Venture Investments, and joined by Omega Funds and AbbVie Ventures. Founding investors were Polaris Partners, TA Springer, Schrodinger, and ShangPharma Investment Group.
Ideaya launched in May 2016 with a $46 million Series A financing from 5AM Ventures, Canaan Partners, Celgene , WuXi Healthcare Ventures, Novartis Institute of Biomedical Research, and Alexandria Real Estate.
PARPi is a new class of drugs that has caught pharma’s attention. So far, only AstraZeneca (AZN) has a PARPi on the market, Lynparza, for BRCA-positive advanced ovarian cancer. Others competitors include Tesaro's niraparib, AbbVie's veliparib, Clovis Oncology's rucaparib, and (MDVN)’s Medivation (now Pfizer's ) talazoparib.
So far, most PARPi drugs are being tested in different types of cancers or populations. So it’s hard to compare the various drugs or for anyone to determine which ones are “best in class,” if any of them are.
See Top Life Science Startups 2017
See Top Life Science Startups 2016
See Top Life Science Startups 2015