Great to see early stage deal-making in important high need areas like AML, securing preclinical assets on novel/emerging targets. Kudos to
$AMGN and
@jaybradner...
For Dark Blue, having raised only ~$10M of investor capital, at at post-money of ~$20M (according to Pitchbook), this is likely a handsome return upfront and puts the asset in the hands of a smart developer.
Having M&A alternatives for preclinical assets helps drive competitive investor demand across the board, creating healthy optionality (vs a dilution-heavy, IPO-only strategy).