Aug. 25 at 1:23 PM
$KURA (L)
Did not have CEO buys sending the stock to new 52-week highs on my bingo card...
Interestingly, it's been 2 years since the Kyowa Kirin partnership was inked & much progress has been made (Komzifti approval, leadership in r/r NPM1 AML market & promising data for the larger frontline opportunity)
Not to mention convincing POC achieved in solid tumors for wholly-owned darlifarnib when paired with PI3Kα inhibitors in HNSCC,
$EXEL's cabozantinib (TKIs) in RCC & most importantly KRAS in PDAC (about to start combo trial with
$RVMD's daraxonrasib)
The larger partner is currently valued at just over
$8 billion and has ~
$1.5B to
$2B in M&A capacity (unless they lever up)
That to say, the clock is ticking as to whether they pull the trigger on Kura (currently sports
$700M EV) before it grows too big for their balance sheet & they have to (or choose to) stick to smaller bolt-on deals
Usual caveats, just thoughts to start the day. Cheers all