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SMMT

Summit Therapeutics

$15.25

-0.4801 (-3.05%)

16:36
09/13/17
09/13
16:36
09/13/17
16:36

Summit Therapeutics files to sell $15M of American Depositary Shares

Each ADS will represent five ordinary shares of Summit. Canaccord Genuity and JMP Securities are acting as joint lead book-running managers for the offering.

SMMT Summit Therapeutics
$15.25

-0.4801 (-3.05%)

03/01/17
JANY
03/01/17
NO CHANGE
Target $65
JANY
Buy
Sarepta sell-off an overreaction, says Janney Capital
Janney Capital analyst Debjit Chattopadhyay said he views the sell-off in Sarepta (SRPT) shares following the company's preliminary FY17 guidance as an overreaction, as he thinks the company remains positioned to beat its $80M guidance and that FY18 estimates are achievable in a normalized reimbursement scenario. At current valuation, the potential approval of Exondys 51 in the EU, Success of the follow-on exons, the rights to Summit Therapeutics' (SMMT) ezutromid and several other potential positives are "free options," according to Chattopadhyay, who has a Buy rating and $65 fair value estimate on Sarepta shares.
10/05/16
ADAM
10/05/16
NO CHANGE
Target $28
ADAM
Buy
Summit Therapeutics price target raised to $28 from $14 at Canaccord
Canaccord analyst Arinda Lee raised her price target on Summit Therapeutics (SMMT) to $28 from $14 following the announcement of its collaboration and licensing agreement with Sarepta Therapeutics (SRPT). The deal calls for Sarepta to gain EU commercialization rights to Summit's pipeline of oral utrophin modulators for all patients with Duchenne muscular dystrophy. Lee reiterated her Buy rating Summit Therapeutics shares.
10/04/16
JMPS
10/04/16
NO CHANGE
JMPS
Outperform
Summit Therapeutics price target raised to $42 from $24 at JMP Securities
10/04/16
NEED
10/04/16
NO CHANGE
Target $30
NEED
Buy
Summit Therapeutics price target raised to $30 from $22 at Needham
Sarepta Therapeutics (SRPT) and Summit Therapeutics (SMMT) announced this morning that they have entered into an exclusive license and collaboration agreement granting Sarepta rights in Europe, as well as in Turkey and the Commonwealth of Independent States, to Summit's utrophin modulator pipeline, including its lead clinical candidate, ezutromid, for the treatment of Duchenne muscular dystrophy.

TODAY'S FREE FLY STORIES

OHI

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FDX

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CPRT

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XBKS

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BMY

Bristol-Myers

$62.93

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DESP

Despegar.com

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WAC

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CBAY

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EVH

Evolent Health

$15.65

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BPL

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$56.33

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PVH

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GEMP

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KORS

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LB

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HBI

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BBBY

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COH

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