The $43B Big Pharma Story is Starting Over-With a New Player
Big Pharma once paid $43B for a small biotech with a similar platform. Now, a new company is following that same playbook, leveraging its patented delivery technology to attract partnerships and near-term revenue potential.
| Open | 18.60 | Prev Close | 18.37 |
| High | 18.60 | Low | 18.39 |
| Volume | 8,608 | Volume (Avg) | 3,882 |
| 52 Week High | 36.91 | 52 Week Low | 15.55 |
| Market Cap | 13.7B | PE Ratio |
General
| Name | Summit Therapeutics Inc |
| Ticker | SMMT |
| Exchange | NASDAQ |
| Sector | Healthcare |
| Industry | Biotechnology |
| Currency | USD |
| Country | USA |
| Fiscal Year End | December |
| Full Time Employees | 159 |
About Summit Therapeutics Inc
Summit Therapeutics Inc., a biopharmaceutical company, focuses on discovery, development, and commercialization of patient, physician, caregiver, and societal friendly medicinal therapies. Its lead development candidate is ivonescimab, a bispecific antibody for immunotherapy through blockade of PD-1 with the anti-angiogenesis, as well as in Phase III clinical trials for the treatment of non-small lung cancer. The company was founded in 2003 and is headquartered in Miami, Florida.
Highlights
| Analyst Target | 33.85 |
| Market Cap | 13,724,500,000 |
| EBITDA | -934,987,008 |
Valuation
| Price/Sales (Trailing 12 Mt.) | 753.90 |
| Price/Book (Most Recent Quarter) | 71.13 |
Technicals
| Beta | -1.52 |
| 52 Week High | 36.91 |
| 52 Week Low | 15.55 |
| 50 Day Average | -4.47% |
| 200 Day Average | -16.02% |
Earnings
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