By Connor Hart
Shares of Ideaya Biosciences climbed after the company announced what it called positive top-line results from its melanoma-treatment trial.
The stock jumped 36%, to $41.52, in premarket trading Monday. Through Friday's close, shares are up 82% over the past year.
The oncology company said before the bell that its treatment, darovasertib, used in combination with crizotinib, resulted in a statistically significant improvement in median progression-free survival in patients with a certain type of melanoma in a Phase 2/3 registrational study with pharmaceutical group Servier.
"For patients with uveal melanoma, these results potentially offer a new treatment option that delivers a significant clinical advancement in both progression-free survival and overall response rate versus currently available therapies," Chief Executive Yujiro Hata said.
Ideaya said that, based on these results, it will target the submission of a new drug application to the Food and Drug Administration in the second half of the year.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
April 13, 2026 06:35 ET (10:35 GMT)
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