Summit Therapeutics up on report of talks for licensing deal with AstraZeneca
ReutersJul 3, 2025 3:00 PM
Shares of drug developer Summit Therapeutics SMMT.O rise 3% to $23.30
AstraZeneca AZN.L is in talks to partner with Summit for up to $15 billion to license a lung cancer drug, ivonescimab, Bloomberg news reported, citing people familiar with the matter
Summit is also talking to other major pharmaceutical companies about potential partnerships, the report said
Summit did not immediately respond to Reuters' request seeking comment while an AstraZeneca spokesperson declined to comment
Including session's move, stock up 25.6% YTD
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