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Price
$18.99Annual ROE
-791.49%Beta
0.53Events Calendar
Next earnings date:
Feb 20, 2025Recent quarterly earnings:
Oct 30, 2024Recent annual earnings:
Feb 20, 2024Next ex-dividend date:
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N/ANext split:
N/ARecent split:
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A cancer drug has vast potential for the company, says a pundit newly following it.
JMP Securities initiated coverage on Summit Therapeutics Inc. SMMT, noting the company's initial focus on infectious disease. Later, in 2022, the company pivoted to oncology and in-licensed ivonescimab (PD-1 X VEGF bispecific) from Akeso for $500 million upfront and $5 billion in potential milestones.
SMMT's third-quarter earnings miss estimates. Management also provides updates on the company's pipeline.
Summit Therapeutics Inc. (NASDAQ:SMMT ) Q3 2024 Earnings Conference Call October 30, 2024 9:00 AM ET Company Participants Dave Gancarz - Chief Business and Strategy Officer Bob Duggan - Chairman and CEO Maky Zanganeh - CEO and President Manmeet Soni - COO and CFO Allen Yang - Chief Medical Officer Conference Call Participants Mitchell Kapoor - H. C. Wainwright Brad Canino - Stifel Yigal Nochomovitz - Citi Operator Good morning.
The potential upside of this stock is undeniably meaty.
This drugmaker's lead candidate could become a top-selling cancer therapy.
Millennium Management just initiated a position in a small biotech company developing a new cancer drug.
The shares have experienced a pullback in the past couple of weeks.
It's hard to go wrong with either company, but one is more appealing.
It's easier to invest confidently when you know both the pros and the cons in full.
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