Summit Therapeutics INC

Market Movers (8-K)

NASDAQ
Summit Therapeutics Inc. has entered into a distribution agreement with J.P. Morgan Securities LLC to offer and sell up to $380 million of its common stock.
Capital raise
NASDAQ
Summit Therapeutics announced its second quarter 2026 financial results and provided an operational update, highlighting positive clinical data for its investigational drug ivonescimab.
Capital raise
NASDAQ
Summit Therapeutics announced updated overall survival results from its Phase III HARMONi trial, showing consistent efficacy for ivonescimab in lung cancer patients.
NASDAQ
Summit Therapeutics shareholders approved the election of nine directors and an 8 million share increase to the 2020 Stock Incentive Plan.
NASDAQ
Summit Therapeutics Inc. has withdrawn its previously announced underwritten public offering of securities due to unfavorable market conditions.
Capital raise
NASDAQ
Summit Therapeutics Inc. announced that its Audit Committee and independent directors have approved affiliates to purchase shares under its at-the-market offering, with key executives indicating potential personal purchases.
Capital raise

Quarterly Earnings (10-Q)

NASDAQ
Summit Therapeutics reports on progress in ivonescimab clinical trials and financial performance for Q2 2026, highlighting ongoing development and need for future financing.
Capital raise
NASDAQ
Summit Therapeutics reports Q1 2026 financial results, highlighting ongoing clinical development of ivonescimab and substantial doubt regarding its ability to continue as a going concern.
Capital raise
NASDAQ
Summit Therapeutics reported a significantly wider net loss in Q3 2025, driven by increased R&D and administrative expenses, despite positive clinical trial updates for ivonescimab.
Worse than expected
Delay expected
Capital raise
NASDAQ
Summit Therapeutics reported a significantly increased net loss in Q2 2025, driven by substantial R&D and G&A expenses, despite positive Phase III ivonescimab data and recent capital raises.
Worse than expected
Capital raise
NASDAQ
Summit Therapeutics' Q1 2025 results reflect increased investment in the clinical development of ivonescimab, a novel bispecific antibody for oncology.
Capital raise
Worse than expected
NASDAQ
Summit Therapeutics reported its Q3 2024 financial results and provided updates on the clinical development of its lead candidate, ivonescimab, including the completion of enrollment in the HARMONi trial.
Worse than expected
Capital raise

Annual Reports (10-K)

NASDAQ
Summit Therapeutics' Biologics License Application for ivonescimab in EGFR-mutated NSCLC was accepted by the FDA, despite the primary analysis not achieving statistically significant overall survival.
Worse than expected
Capital raise
NASDAQ
Summit Therapeutics Inc. files its 10-K report, detailing financial results for 2024 and outlining progress in the clinical development of its lead candidate, ivonescimab.
Worse than expected
Capital raise
NASDAQ
Summit Therapeutics Inc.'s 10-K filing details its financial position, strategic shift to oncology, and ongoing development of ivonescimab.
Worse than expected
Capital raise

Insider Trading (Form 4)

NASDAQ
Co-CEO Mahkam Zanganeh acquired 3.81 million shares of Summit Therapeutics common stock at $13.12 per share.
NASDAQ
Co-CEO Robert W. Duggan increased his stake in Summit Therapeutics by purchasing 3.81 million shares at $13.12 per share.
NASDAQ
Co-CEO Robert W. Duggan increased his stake in Summit Therapeutics through a purchase of 100,000 shares at $14.60 per share.
NASDAQ
Co-CEO Mahkam Zanganeh acquired 100,000 shares of Summit Therapeutics common stock at $14.60 per share.
NASDAQ
Summit Therapeutics COO and CFO Manmeet Singh Soni purchased 50,000 shares of common stock in open market transactions.
NASDAQ
Summit Therapeutics Inc. granted 30,000 stock options to Chief Accounting Officer Bhaskar Anand with an exercise price of $18.83, vesting annually over four years.

Proxy Statements (Def-14A)

NASDAQ
Summit Therapeutics Inc. has issued its 2026 proxy statement detailing proposals for director elections, auditor ratification, executive compensation, and a stock incentive plan amendment.
Capital raise
NASDAQ
Summit Therapeutics Inc. will hold its 2025 annual meeting of stockholders virtually on June 12, 2025, to vote on the election of directors, ratification of the independent accounting firm, and executive compensation.
NASDAQ
Ujwala Mahatme, a Summit Therapeutics board member since July 2020, has resigned effective June 12, 2024, due to increasing professional commitments, and will not stand for re-election at the upcoming Annual Meeting.
NASDAQ
Summit Therapeutics Inc. has scheduled its 2024 annual meeting of stockholders for June 14, 2024, to be held virtually, and has released its proxy statement outlining proposals for voting.