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Guggenheim Cites Akeso Phase 3 Survival Data to Boost Summit’s Lung Trial Confidence

Summit Therapeutics logoSummit Therapeutics
Sig2.35Sen+4.95Env0.00Soc+2.40Gov0.00
Akeso logoAkeso
Sig2.85Sen+4.25Env0.00Soc+1.60Gov0.00

Akeso’s Phase 3 trial of ivonescimab plus chemotherapy in biliary tract cancer showed statistically significant, clinically meaningful improvement in overall survival and met progression-free survival and objective response goals. Guggenheim said the data strengthens confidence in Summit Therapeutics’ upcoming global Phase 3 lung cancer trials and implies notable upside potential. Summit holds rights to develop and sell ivonescimab outside China as shares rose about 8%.

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