![[Weekly funding roundup April 26-May 2] VC inflow continues to remain downcast](https://images.yourstory.com/cs/2/220356402d6d11e9aa979329348d4c3e/WeeklyFundingRoundupNewLogo1-1739546168054.jpg)
This Soaring Stock Just Delivered More Good News. Time to Buy?
It's hard to find a biotech company that has performed better than Summit Therapeutics (NASDAQ: SMMT) in the past year. The stock is up by a whopping 512%, and it's no secret why.Summit, a specialist in oncology, has made excellent clinical progress with its leading candidate, ivonescimab. There's more where that came from, too; Ivonescimab just knocked it out of the park in another study, a piece of news that jolted the share price.With the drugmaker's market-crushing performance over the trailing-12-month period, is it too late to invest in the stock? Let's find out.Continue reading
It's hard to find a biotech company that has performed better than Summit Therapeutics (NASDAQ: SMMT) in the past year. The stock is up by a whopping 512%, and it's no secret why.
Summit, a specialist in oncology, has made excellent clinical progress with its leading candidate, ivonescimab. There's more where that came from, too; Ivonescimab just knocked it out of the park in another study, a piece of news that jolted the share price.
With the drugmaker's market-crushing performance over the trailing-12-month period, is it too late to invest in the stock? Let's find out.
