China Powerwoman's Akeso Raises $150 Mln After First Profit [Forbes]
Summit Therapeutics Inc. (SMMT)
Last summit therapeutics inc. earnings: 6/12 07:00 am
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Source: Forbes
Akeso Inc., whose CEO Michelle Xia ranked No. 7 on a new Forbes China survey of the country's most successful businesswomen this month, has raised the equivalent of $150 million through a sale of new shares, the company said on Thursday. Akeso, founded in 2012, specializes in antibody drugs that help the immune system fight off disease, including cancer. It sold 24.8 million shares at HK$47.65 each for research spending and other uses, according to the company's announcement. Akeso's shares fell by 6.1% in trading at the Hong Kong Stock Exchange on the news, closing at HK$47.60 on Thursday. They slid another 3.1% on Friday. The sale came after Akeso on Monday reported net profit in 2023 of 1.9 billion yuan, or $270 million, reversing a year-earlier loss of 1.4 billion yuan. Revenue soared by 440% from a year earlier to 4.5 billion yuan in part on income of 2.9 billion yuan from an upfront licensing payment from Nasdaq-listed Summit Therapeutics. Akeso's stock rose to a 2024 hig
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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