Summit Therapeutics Reveals Promising Phase III Trial Results

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2025.09.08 12:23
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Summit Therapeutics (SMMT) announced promising Phase III trial results for ivonescimab, showing improved overall survival in EGFR-mutated non-small cell lung cancer patients when combined with chemotherapy. The trial results were presented at the World Conference on Lung Cancer, indicating potential changes in cancer treatment. Analysts rate SMMT stock as a Buy with a $30 price target, though Spark's AI Analyst suggests a Neutral stance due to financial challenges. The company focuses on developing novel cancer therapies and has a market cap of $19.3B.