Summit Therapeutics Inc. (SMMT)

NASDAQ: SMMT · Real-Time Price · USD
20.60
+0.71 (3.57%)
Mar 27, 2025, 4:00 PM EST - Market closed
3.57%
Market Cap 15.20B
Revenue (ttm) n/a
Net Income (ttm) -221.32M
Shares Out 737.68M
EPS (ttm) -0.31
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 1,628,420
Open 20.06
Previous Close 19.89
Day's Range 19.70 - 20.79
52-Week Range 2.10 - 33.89
Beta -1.04
Analysts Strong Buy
Price Target 35.44 (+72.04%)
Earnings Date Apr 30, 2025

About SMMT

Summit Therapeutics Inc., a biopharmaceutical company, focuses on discovery, development, and commercialization of patient, physician, caregiver, and societal friendly medicinal therapies in the United States, and the United Kingdom. Its lead development candidate, ivonescimab, is a bispecific antibody for immunotherapy through blockade of PD-1 with the anti-angiogenesis; and is also in Phase III clinical trials for the treatment of non-small lung cancer. The company has a collaboration and license agreement with Akeso, Inc. and its affiliates ... [Read more]

Industry Biotechnology
Sector Healthcare
Founded 2003
Employees 159
Stock Exchange NASDAQ
Ticker Symbol SMMT
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for SMMT stock is "Strong Buy." The 12-month stock price forecast is $35.44, which is an increase of 72.04% from the latest price.

Price Target
$35.44
(72.04% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Analyst Initiates Coverage On 'Undervalued' Summit Therapeutics

On Friday, Cantor Fitzgerald initiated coverage on Summit Therapeutics Inc. SMMT, citing shares as 67% undervalued.

3 days ago - Benzinga

Summit Therapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

MIAMI--(BUSINESS WIRE)---- $SMMT--Summit Therapeutics Inc. (NASDAQ: SMMT) ("Summit," "we," or the "Company") today announced the grant of inducement awards of options to purchase a collective total of...

6 days ago - Business Wire

Robert LaCaze, Innovative Growth-Driver in Oncology, Joins Summit Therapeutics as Chief Commercial Officer

MIAMI--(BUSINESS WIRE)---- $SMMT--Summit Therapeutics Inc. (NASDAQ: SMMT) (“Summit,” “we,” or the “Company”) today announced that Robert LaCaze has joined Summit Therapeutics as Chief Commercial Offic...

10 days ago - Business Wire

Akeso Highlights Collaboration Between Its Partner Summit Therapeutics and Pfizer to Explore Ivonescimab in Combination with Pfizer's ADCs

HONG KONG , Feb. 24, 2025 /PRNewswire/ -- Akeso, Inc. (9926.HK) ("Akeso" or the "Company") today announced that its partner on ivonescimab, Summit Therapeutics Inc. (NASDAQ: SMMT) has entered into a c...

Other symbols: PFE
4 weeks ago - PRNewsWire

Summit Therapeutics: Mid-2025 NSCLC Data Could Further Entrench Ivonescimab Program

Summit Therapeutics: Mid-2025 NSCLC Data Could Further Entrench Ivonescimab Program

4 weeks ago - Seeking Alpha

Summit Therapeutics Inc. (SMMT) Q4 2024 Earnings Call Transcript

Summit Therapeutics Inc. (SMMT) Q4 2024 Earnings Call Transcript

4 weeks ago - Seeking Alpha

Pfizer: What The Summit Therapeutics Deal Brings

Pfizer and Summit Therapeutics announced a clinical trial collaboration that involves Pfizer's ADC pipeline and Summit's ivonescimab. Pfizer will conduct combination trials of its vedotin-based ADCs w...

Other symbols: PFE
4 weeks ago - Seeking Alpha

Summit Therapeutics Reports Financial Results and Operational Progress for the Fourth Quarter and Twelve Months Ended December 31, 2024

MIAMI--(BUSINESS WIRE)---- $SMMT--Summit Therapeutics Inc. (NASDAQ: SMMT) (“Summit,” “we,” or the “Company”) today reports its financial results and provides an update on operational progress for the ...

4 weeks ago - Business Wire

Summit Therapeutics Announces Clinical Trial Collaboration with Pfizer to Evaluate Ivonescimab in Combination with Pfizer Antibody Drug Conjugates (ADCs)

MIAMI--(BUSINESS WIRE)---- $SMMT--Summit Therapeutics Inc. (NASDAQ: SMMT) today announced a clinical trial collaboration with Pfizer Inc. (NYSE: PFE) to evaluate ivonescimab, a novel, investigational ...

Other symbols: PFE
4 weeks ago - Business Wire

Summit Therapeutics to Host Fourth Quarter and Full Year 2024 Financial Results & Operational Progress Call on February 24, 2025

MIAMI--(BUSINESS WIRE)---- $SMMT--Summit Therapeutics Inc. (NASDAQ: SMMT) (“Summit,” “we,” or the “Company”) will host an earnings call to announce its fourth quarter and full year 2024 financial resu...

5 weeks ago - Business Wire

Summit Therapeutics: Data Signals A Potential Paradigm Shift In NSCLC (Rating Upgrade)

Summit Therapeutics' stock rose 888% since September 2023, driven by positive Phase 3 data for ivonescimab showing superior PFS vs Keytruda in NSCLC. Phase 3 HARMONi-2 trial showed 11.14 vs 5.82 month...

2 months ago - Seeking Alpha

Top 5 Cancer Pharma Stocks With Strong Risk/Reward In 2025

This article will provide an in-depth analysis of drugs being developed to combat cancer. Big Pharma is keenly interested in the global cancer therapeutics market, which is expected to exceed $400 bil...

2 months ago - Seeking Alpha

Summit Therapeutics to Present at the 43rd Annual J.P. Morgan Healthcare Conference

MIAMI--(BUSINESS WIRE)---- $SMMT--Summit Therapeutics Inc. (NASDAQ: SMMT) (“Summit,” “we,” or the “Company”) today announced that it will participate in and present at the 43rd Annual J.P. Morgan Heal...

2 months ago - Business Wire

Best-Performing Stocks Of 2024

Taking a look at the 20 best-performing stocks in 2024 of current Russell 3,000 members.

3 months ago - Seeking Alpha

Summit Therapeutics Stock Set To Soar By Mid-2025 On HARMONi Phase 3 Trial

Summit Therapeutics reached a milestone in its Phase III trial for ivonescimab, aiming to treat second-line EGFR mutated advanced NSCLC.  The FDA has fast tracked the HARMONi trial. Positive Phase III...

4 months ago - Seeking Alpha

Summit Therapeutics to Present at Upcoming Investor Conferences

MIAMI--(BUSINESS WIRE)---- $SMMT--Summit Therapeutics Inc. (NASDAQ: SMMT) (“Summit,” “we,” or the “Company”) today announced that it will participate in and present at the 7th Annual Evercore HealthCO...

4 months ago - Business Wire

Summit Therapeutics 'Unique Investment In Oncology,' Lead Drug Candidate Shows Promise Over Keytruda And Opdivo

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 ivonescima...

5 months ago - Benzinga

Summit Therapeutics Inc. (SMMT) Q3 2024 Earnings Call Transcript

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 C...

5 months ago - Seeking Alpha

Summit Therapeutics Reports Operational Progress and Financial Results for the Third Quarter and Nine Months Ended September 30, 2024

MIAMI--(BUSINESS WIRE)---- $SMMT--Summit Therapeutics Inc. (NASDAQ: SMMT) ("Summit," "we," or the "Company") today reported an update on its operational progress and financial results for the third qu...

5 months ago - Business Wire

Summit Therapeutics to Host Third Quarter 2024 Financial Results & Operational Progress Call on October 30, 2024

MIAMI--(BUSINESS WIRE)---- $SMMT--Summit Therapeutics Inc. (NASDAQ: SMMT) (“Summit,” “we,” or the “Company”) will host an earnings call to announce its third quarter 2024 financial results and provide...

5 months ago - Business Wire

Summit Therapeutics Stock Jumps as Lung Cancer Drug Placed on FDA Fast Track

Summit Therapeutics (SMMT) shares surged Friday morning, a day after after the biopharmaceutical company said its developmental lung cancer drug was granted Fast Track designation by the Food and Drug...

6 months ago - Investopedia

Summit Therapeutics Announces Completion of Enrollment in Its Phase III HARMONi Trial in 2L+ EGFRm NSCLC

MIAMI--(BUSINESS WIRE)---- $SMMT--Summit Therapeutics Inc. (NASDAQ: SMMT) (“Summit,” “we,” or the “Company”) today announced that we have completed enrollment in our HARMONi clinical trial, a multi-re...

6 months ago - Business Wire

Summit Therapeutics Bests Merck's Top Selling Drug In Phase III Trial

Summit Therapeutics' ivonescimab shows improved efficacy over Merck's Keytruda in Phase III trials, targeting both PD-1 and VEGF, potentially expanding the PD-1 inhibitor market. Despite risks, Summit...

Other symbols: MRK
6 months ago - Seeking Alpha

Promising Anti-Tumor Activity and Safety of Ivonescimab in Combination Therapies in CRC, TNBC, and HNSCC Featured at ESMO 2024

MIAMI--(BUSINESS WIRE)---- $SMMT--Summit Therapeutics Inc. (NASDAQ: SMMT) (“Summit,” “we,” or the “Company”) today announced that data for the novel, potential first-in-class investigational bispecifi...

6 months ago - Business Wire

Trade It or Fade It: The week's big biotech moves

Jared Holz, Mizuho, joins 'Fast Money' to talk his playbook on recent biotech movers.

Other symbols: BNTXMRK
6 months ago - CNBC Television