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flag IDEAYA starts Phase 1 trial of new cancer drug IDE034, triggering $5M payment to Biocytogen.

flag IDEAYA Biosciences has begun a Phase 1 clinical trial with IDE034, a bispecific antibody-drug conjugate targeting B7H3 and PTK7, co-expressed in some solid tumors. flag The trial will assess safety, tolerability, and pharmacokinetics as a monotherapy, with plans to explore combinations with IDE161. flag The milestone triggers a $5 million payment to Biocytogen, which developed IDE034 using gene-editing platforms. flag Biocytogen, based in Beijing with global operations, has over 280 collaborations and specializes in antibody discovery.

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