Summit Therapeutics (SMMT) Reiterated at Overweight by Cantor Fitzgerald After Q2 Results

Cantor Fitzgerald analyst Eric Schmidt reiterated an Overweight rating on Summit Therapeutics plc (NASDAQ: SMMT).

The analyst commented, "Summit reported Q2 financials and provided a pipeline update. In terms of financials, the company reported a Q2 Net Loss of $216M and ended the quarter with $691M in cash. More interesting of course is the progress on ivonescimab (PD-1 x VEGF bispecific) as it advances toward data from the global Phase 3 HARMONi-3 trial in 1L sq-NSCLC (ivonescimab + chemo vs. pembro + chemo)."

For an analyst ratings summary and ratings history on Summit Therapeutics plc click here. For more ratings news on Summit Therapeutics plc click here.

Shares of Summit Therapeutics plc closed at $14.98 yesterday.

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