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Summit Therapeutics Inc. - SMMT STOCK NEWS

Welcome to our dedicated page for Summit Therapeutics news (Ticker: SMMT), a resource for investors and traders seeking the latest updates and insights on Summit Therapeutics stock.

Summit Therapeutics Inc. (SMMT) is a pioneering biopharmaceutical company committed to addressing high unmet medical needs through the discovery, development, and commercialization of novel antibiotics and other therapeutic drugs. Based in the United Kingdom, Summit Therapeutics operates across two primary geographical segments: the United States and the UK.

Summit's research primarily targets Duchenne Muscular Dystrophy (DMD), a fatal genetic muscle wasting disease, and Clostridioides difficile infection (CDI), a serious bacterial infection. Among its leading product candidates is ridinilazole, an orally administered small molecule antibiotic designed to treat CDI. Ridinilazole has shown promising results in clinical trials, positioning it as a potential game-changer in CDI treatment.

The company's strategic focus on these debilitating conditions underscores its commitment to transforming lives through innovative therapeutic solutions. In addition to its drug development programs, Summit Therapeutics has fostered significant partnerships with leading healthcare institutions and biopharmaceutical companies to advance its research and bring new treatments to market efficiently.

Financially, Summit Therapeutics is robust, with a focus on sustainable growth and long-term value creation for its shareholders. The company's dedication to research excellence and patient-centric approach drives its mission to deliver breakthrough therapies that make a meaningful difference in patients' lives.

Stay updated with the latest news and developments from Summit Therapeutics Inc. as the company continues to pioneer advancements in the biopharmaceutical sector, addressing some of the most challenging healthcare needs of our time.

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Illumina appoints Ankur Dhingra as CFO and Jakob Wedel as Chief Strategy and Corporate Development Officer. Joydeep Goswami to serve as advisor till June 30. Illumina reaffirms Q1 2024 and full-year 2024 financial guidance.
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Summit Therapeutics Inc. announces positive data for ivonescimab at ELCC 2024, showing promising intracranial response rates and median intracranial progression-free survival in NSCLC patients with brain metastases. The Phase II trial results also reveal encouraging anti-tumor activity and safety profile in patients with advanced NSCLC.
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Summit Therapeutics Inc. (NASDAQ: SMMT) will present updated data on ivonescimab, a potential first-in-class investigational bispecific antibody, at the 2024 European Lung Cancer Congress. The data will focus on two Phase II trials in advanced or metastatic NSCLC patients, showcasing the drug's efficacy in combination with chemotherapy for various patient populations.
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Summit Therapeutics Inc. (NASDAQ: SMMT) will present at the Barclays 26th Annual Global Healthcare Conference in Miami Beach, FL, discussing the development of their innovative investigational bispecific antibody, ivonescimab.
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Summit Therapeutics Inc. (NASDAQ: SMMT) reports positive Phase II data for Ivonescimab in NSCLC patients, achieving a 64.8% 24-month OS rate in 1L Squamous NSCLC and a median OS of 22.5 months in EGFRm, TKI-progressed NSCLC patients. The company is actively enrolling two Phase III trials for Ivonescimab, with updated cash guidance extending operations into Q1 2025. Summit collaborated with Akeso Inc. for Ivonescimab, with significant financial milestones. Financially, the company's cash and cash equivalents are $186.2 million, with short-term investments at $648.6 million.
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Summit Therapeutics Inc. (NASDAQ: SMMT) will host an earnings call to announce its fourth quarter and full year 2023 financial results and provide an operational update on February 20, 2024. The conference call will be held at 9:00am ET and will be accessible through the company's website. An archived edition of the session will also be available on the website.
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Summit Therapeutics Inc. (NASDAQ: SMMT) will conduct an earnings call on February 20, 2024, to reveal its fourth quarter and full year 2023 financial results and provide an operational update. The call will be live-streamed on the company's website.
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Summit Therapeutics Inc. (NASDAQ: SMMT) will present at Oppenheimer’s 34th Annual Healthcare Life Sciences Conference to discuss the development of their investigational bispecific antibody, ivonescimab. The presentation will be available live on their website and an archived version will be available afterward.
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Summit Therapeutics Inc. (NASDAQ: SMMT) announced promising developments in the Phase II trial of ivonescimab for NSCLC patients, with a 64.8% 24-month overall survival rate in 1L squamous NSCLC patients and a 22.5-month median overall survival in 2L+ EGFRm, TKI-progressed NSCLC patients. The company also revealed near-term catalyst events expected in Q2 2024 for two randomized Phase III trials evaluating ivonescimab in China, conducted by Akeso.
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Summit Therapeutics Inc. (NASDAQ: SMMT) announced its participation in the 42nd Annual J.P. Morgan Healthcare Conference on January 09, 2024. The company's Chairman and CEO, Robert W. Duggan, and Dr. Maky Zanganeh, CEO and President, will provide updates on the development of the investigational bispecific antibody, ivonescimab. The audio presentation will be available live and archived on the company's website.
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FAQ

What is the current stock price of Summit Therapeutics (SMMT)?

The current stock price of Summit Therapeutics (SMMT) is $17.87 as of December 20, 2024.

What is the market cap of Summit Therapeutics (SMMT)?

The market cap of Summit Therapeutics (SMMT) is approximately 13.6B.

What does Summit Therapeutics Inc. specialize in?

Summit Therapeutics Inc. specializes in the discovery, development, and commercialization of novel antibiotics for serious infectious diseases.

What are the primary diseases Summit Therapeutics targets?

Summit Therapeutics targets Duchenne Muscular Dystrophy (DMD) and Clostridioides difficile infection (CDI).

What is ridinilazole?

Ridinilazole is an orally administered small molecule antibiotic developed by Summit Therapeutics for treating Clostridioides difficile infection (CDI).

Where does Summit Therapeutics operate?

Summit Therapeutics operates in the United States and the United Kingdom.

What is the company's approach to drug development?

Summit Therapeutics focuses on discovering, developing, and commercializing drugs that address high unmet medical needs, particularly in the areas of DMD and CDI.

Who are Summit Therapeutics' partners?

Summit Therapeutics partners with leading healthcare institutions and biopharmaceutical companies to advance its research and development efforts.

How does Summit Therapeutics ensure sustainable growth?

Summit Therapeutics aims for long-term value creation through a robust financial strategy and a focus on sustainable growth.

What is the significance of Summit Therapeutics' research?

Summit Therapeutics' research aims to develop breakthrough therapies that significantly improve patient outcomes in areas with high unmet medical needs.

How can I stay updated on Summit Therapeutics' developments?

You can stay updated with the latest news and developments from Summit Therapeutics by following their announcements and updates on their official website and financial news platforms.

What is the mission of Summit Therapeutics?

The mission of Summit Therapeutics is to transform lives by delivering innovative therapeutic solutions for serious infectious diseases and other high unmet medical needs.

Summit Therapeutics Inc.

Nasdaq:SMMT

SMMT Rankings

SMMT Stock Data

13.57B
115.30M
84.36%
11.76%
2.17%
Biotechnology
Pharmaceutical Preparations
Link
United States of America
MIAMI