IDEAYA Biosciences Appoints Daniel A. Simon as Chief Business Officer to Lead Corporate Strategy and Business Development
IDEAYA Biosciences (NASDAQ: IDYA) has appointed Daniel A. Simon as Chief Business Officer, effective August 2024. Simon brings over 18 years of experience from top life sciences and strategy consulting firms, including his tenure at Revolution Medicines, Guardant Health, Onyx Pharmaceuticals, and McKinsey & Company. IDEAYA's CEO Yujiro S. Hata expressed confidence in Simon's ability to enhance the company's corporate strategy and business development. Simon aims to support IDEAYA's mission to develop a diversified pipeline focused on unmet needs in cancer, targeting biomarker-defined cancers such as GNAQ/11, MTAP-deletion, HRD, and MSI-high solid tumors.
- Appointment of Daniel A. Simon strengthens corporate strategy and business development.
- Simon brings over 18 years of experience in the life sciences sector.
- Previous roles include Chief Business Officer at Revolution Medicines and Senior VP at Guardant Health.
- IDEAYA aims to develop targeted therapeutics for unmet medical needs in cancer.
- New appointment aligns with IDEAYA's strategic vision for a diversified first-in-class pipeline.
- Potential integration challenges with new executive leadership.
- Uncertainty in achieving strategic goals despite new leadership.
- Over 18-years at leading life sciences and strategy consulting companies, including Revolution Medicines, Guardant Health, Onyx Pharmaceuticals, and McKinsey & Company
"We are thrilled to welcome Daniel to IDEAYA Biosciences. His extensive expertise in corporate strategy and business development will be invaluable as we continue to build a leading global precision medicine oncology company," said Yujiro S. Hata, President and Chief Executive Officer of IDEAYA Biosciences. "We look forward to the insights he will bring to help us achieve our strategic vision of delivering a diversified first-in-class pipeline that addresses high unmet medical needs in cancer."
"I am delighted to join IDEAYA Biosciences during this significant phase of growth for the company, and to help build a fully integrated biotechnology company," said Mr. Simon. "I look forward to working with the accomplished team at IDEAYA to help deliver their broad pipeline of programs for patients with biomarker-defined cancers, including GNAQ/11, MTAP-deletion, HRD, and MSI-high solid tumors."
Mr. Simon most recently served as Chief Business Officer at Revolution Medicines from 2022 to 2024, and Senior Vice President, BioPharma Business Development at Guardant Health from 2015 to 2022. Prior to Guardant, he served in corporate development at Onyx Pharmaceuticals from 2012 to 2013, and as a consultant at McKinsey & Company in the
About IDEAYA Biosciences
IDEAYA is a synthetic lethality-focused precision medicine oncology company committed to the discovery and development of targeted therapeutics for patient populations selected using molecular diagnostics. IDEAYA's approach integrates capabilities in identifying and validating translational biomarkers with drug discovery to select patient populations most likely to benefit from its targeted therapies. IDEAYA is applying its early research and drug discovery capabilities to synthetic lethality – which represents an emerging class of precision medicine targets.
Forward-Looking Statements
This press release contains forward-looking statements, including, but not limited to, statements related to Mr. Simon's impact on IDEAYA's business. IDEAYA undertakes no obligation to update or revise any forward-looking statements. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of IDEAYA in general, see IDEAYA's Annual Report on Form 10-K dated February 20, 2024 and any current and periodic reports filed with the
Investor and Media Contact
IDEAYA Biosciences
Andres Ruiz Briseno
SVP, Head of Finance and Investor Relations
investor@ideayabio.com
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SOURCE IDEAYA Biosciences, Inc.
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