Akeso Marks Profit Milestone With Swift Rights Issue [Seeking Alpha]
Summit Therapeutics Inc. (SMMT)
Last summit therapeutics inc. earnings: 6/12 07:00 am
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summitplc.com/investors/investor-centre
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Source: Seeking Alpha
The next highly anticipated product in the firm's drug pipeline is ivonescimab, the first PD-1/VEGF bispecific antibody to enter Phase III clinical trials. The scale of Akeso's revenue leap last year is notable, but the drug developer would not have turned a profit without the one-off licensing payment. Buoyed by bumper earnings, the biotech has announced a share placement to raise HK$1.17 billion to invest in developing its portfolio of anti-cancer drugs Chinese drug company Akeso Inc. OTCPK:AKESF ) (9926.HK) has pushed its way into profit in the biopharma industry's most competitive arena, developing new ways to help the immune system defeat cancer. In its latest , the company made advances on two fronts, with a big jump in income from drug licensing rights and increased revenue from product sales. Revenues for 2023 surged more than five times to 4.53 billion yuan ($628 million), propelling the accounts from a loss to a profit of 1.94 billion yuan. Emboldened by the resul
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SMMT
News
- Summit Therapeutics to Host First Quarter 2024 Financial Results & Operational Progress Call on May 1, 2024Business Wire
- Summit Therapeutics Appoints Dr. Mostafa Ronaghi, Renowned Executive and Genomicist, to its Board of DirectorsBusiness Wire
- Summit Therapeutics to Present at the Stifel 2024 Targeted Oncology Forum [Yahoo! Finance]Yahoo! Finance
- Summit Therapeutics to Present at the Stifel 2024 Targeted Oncology ForumBusiness Wire
- Illumina CFO Goswami to depart, Summit Therapeutics' Dhingra named successor [Yahoo! Finance]Yahoo! Finance
SMMT
Sec Filings
- 4/25/24 - Form DEF
- 4/15/24 - Form 4
- 4/15/24 - Form 3
- SMMT's page on the SEC website