AstraZeneca invested $2 billion in Summit after the quarter ended
AstraZeneca invested $2 billion in Summit Therapeutics. Summit's ivonescimab, a bispecific antibody, showed statistically significant overall survival benefits in Phase III studies for advanced NSCLC and biliary tract cancer. The company is conducting multiple clinical trials for various cancer indications. The FDA is reviewing ivonescimab for a potential approval in NSCLC.

