Summit Therapeutics Explodes Up on Licensing Deal
December 06 2022 - 04:46PM
TipRanks
Summit Therapeutics Inc. (NASDAQ:SMMT) had a dazzling day of
trading today as the company posted gains of nearly 200% to close
Tueasday's trading. That massive win came after the company
partnered with Hong Kong firm Akeso to license an antibody known as
ivonescimab. Ivonescimab is a unique antibody that delivers
multiple benefits for its users. Further, it's regarded as the most
advanced in its field. The Food and Drug Administration in the
United States has approved no antibodies like it. Additionally, the
antibody won Breakthrough Therapy Designation status in China,
providing further proof ot its capability.
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Summit Therapeutics (NASDAQ:SMMT)
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