Jefferies on Ideaya Biosciences (IDYA): 'simulation suggests ~90%+ chance for stat sig mPFS w/ 80% POS for mPFS >7'
Jefferies analyst Maury Raycroft reiterated a Buy rating and $52.00 price target on Ideaya Biosciences (NASDAQ: IDYA)
The analyst commented, "IDYA pushed back HLA- MUM pivotal topline from ~last wk of Mar to ~Apr, based on delays w/ data cleaning at 2 sites (1 ex-U.S. site is gating factor). Co expects database lock Apr 1-15, then ~2wks for full analysis. Mgmt said 130 BICR events were confirmed 1/23/26. Our simulation suggests ~90%+ chance for stat sig mPFS w/ 80% POS for mPFS >7. We believe IDYA could move up +10-30% w/ stat sig mPFS to support accel approval filing or down -50% on miss."
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Shares of Ideaya Biosciences closed at $32.75 yesterday.
