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