Coincident with the close of the Series A financing, Tim Shannon, M.D., General Partner at Canaan, joined the Company’s Board of Directors, and Robert Hershberg, Ph.D., Chief Scientific Officer at Celgene, and Edward Hu, M.B.A., Founding Partner at WuXi Healthcare Ventures, joined as Board Observers, which includes John Diekman, Ph.D., Chairman and Founding Partner at 5AM,Terry Rosen, Ph.D., Chief Executive Officer at Arcus Biosciences, Jeff Stein, Ph.D., Chief Executive Officer at Cidara Therapeutics, and Board Observer, Hannah Chang, M.D., Ph.D., Associate at 5AM.
“We are delighted by the experienced Series A syndicate that includes both venture capital and strategic investors deeply committed to bringing new oncology therapies to patients,” said John Diekman, Chairman of the IDEAYA Board of Directors.
“The company is now capitalized to advance its research programs in synthetic lethality and immuno-oncology to clinical candidate selection and the clinic,” said Yujiro Hata, Chief Executive Officer of IDEAYA. IDEAYA was incubated by 5AM Ventures with a seed investment prior to its Series A financing.
IDEAYA also announced today that it has assembled a Scientific Advisory Board that includes luminaries in the fields of DNA damage and repair, synthetic lethality, immunology, and drug discovery and development including Alan D’Andrea, M.D. (Dana Farber), John Petrini, Ph.D. (Memorial Sloan Kettering Cancer Center), Trey Ideker, Ph.D. (University of California, San Diego),Stephen Kowalczykowski, Ph.D. (University California, Davis, Member of the National Academy), Elizabeth Swisher, M.D. (University of Washington), Bruce Beutler, Ph.D. (UT Southwestern, Nobel Laureate and Member of the National Academy),Christopher Goodnow (Garvin Institute, Member of the National Academy), Richard Ulevitch, Ph.D. (Scripps Research Institute),Paul Reider, Ph.D. (Princeton University), and Laura Shawver, Ph.D. (Cleave Biosciences).
About IDEAYA Biosciences
IDEAYA is an oncology-focused biotechnology company committed to the discovery of breakthrough synthetic lethality medicines targeting DNA damage and repair for genetically defined patient populations and for enhancing immunotherapy response, and immuno-oncology therapies targeting the tumor micro-environment. IDEAYA, located in South San Francisco andLa Jolla, California, has assembled leading scientists and advisors with extensive knowledge and expertise in cancer biology and small molecule drug discovery. For more information, please visit www.ideayabio.com.