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Is Summit Therapeutics a Millionaire Maker?

TheMotleyFool 
0 0 23.03.25
Is Summit Therapeutics a Millionaire Maker?
 

Multiple paths to immense wealth exist. A few lucky people win the lottery. Some start successful businesses. Others invest in stocks that deliver explosive gains.

Summit Therapeutics (NASDAQ: SMMT) is one of those stocks that have been quite explosive: The share price of the clinical-stage drugmaker has skyrocketed by nearly 390% over the last 12 months. But is Summit Therapeutics a millionaire-maker?

We can explain Summit Therapeutics' remarkable stock performance with just one word: ivonescimab. That's the cancer drug Summit licensed from Chinese drugmaker Akeso (OTC: AKES.F) in 2022.

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Source Fool.com

Summit Therapeutics plc Stock

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