Stock Market Today, Jan. 6: Alumis Shares Surge on Positive Phase 3 Psoriasis Data for Envudeucitinib [Yahoo! Finance]
Summit Therapeutics Inc. (SMMT)
Last summit therapeutics inc. earnings: 6/12 07:00 am
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Source: Yahoo! Finance
reached 64.1 million shares, coming in about 3,077% above its three-month average of 2 million shares. Tuesday's move followed Phase 3 psoriasis data for envudeucitinib, which investors are treating as a potential commercial inflection point. The focus is now watching New Drug Application (NDA) timing and competitive dynamics in oral TYK2 inhibitors. The S&P 500 (SNPINDEX:^GSPC) rose 0.62% to 6,945, while the Nasdaq Composite (NASDAQINDEX:^IXIC) gained 0.65% to finish at 23,547. Biotechnology peers Summit Therapeutics (NASDAQ:SMMT) and Insmed (NASDAQ:INSM) saw mixed moves, underscoring how stock-specific trial readouts are driving sentiment across the biotechnology group. Alumis is a clinical-stage biopharmaceutical company developing next-generation targeted therapies for patients with immune-mediated diseases. Today's positive Phase 3 results achieved both primary and secondary endpoints with strong statistical significance in individuals with moderate-to-severe plaque psorias
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News
- Summit Therapeutics (NASDAQ:SMMT) was given a new $40.00 price target on by analysts at Piper Sandler.MarketBeat
- Summit Therapeutics (NASDAQ:SMMT) had its "buy" rating reaffirmed by analysts at HC Wainwright.MarketBeat
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- Summit Therapeutics (SMMT) Is Down 8.7% After Ivonescimab BLA Filing And Oncology Expansion Update – Has The Bull Case Changed? [Yahoo! Finance]Yahoo! Finance
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SMMT
Earnings
- 10/20/25 - Beat
SMMT
Sec Filings
- 1/12/26 - Form 4
- 1/12/26 - Form 8-K
- 1/6/26 - Form 4
- SMMT's page on the SEC website