Summit Therapeutics Inc Share Price (SMMT.US)

Missed this before.

https://finance.yahoo.com/quote/SMMT/

Looks like the early data review our drug didn't come up to expeditions at this stage. Kinda an own goal. So we will have to wait until end of year full review.

As for a placing, 30 mill shares would get you close to half a billion.

I know Duggan can't keep funding ad infinitum, but then again he is very rich indeed so I'd still be surpised at a placing. There was always going to be ups and downs on the road to November, so I'd definitely see this as a buying opportunity provided by a market that looked at the cash burn and took fright. When you look at the amount of testing going on under the various Harmoni headings its hardly surprising - so sure, it's risky, but I'm happy to stick with it.

I know Duggan can't keep funding ad infinitum, but then again he is very rich indeed so I'd still be surpised at a placing. There was always going to be ups and downs on the road to November, so I'd definitely see this as a buying opportunity provided by a market that looked at the cash burn and took fright. When you look at the amount of testing going on under the various Harmoni headings its hardly surprising - so sure, it's risky, but I'm happy to stick with it.

A 10$ swing between last week’s high and where I expect this might go this afternoon is madness … nothing has materially changed, other than the plenary news and the Chinese data, both of which are positive. I infer then that, like in August 2 years ago … this is going to drop further before the ASCO news … and then have a maximum return opportunity for those that have loaded up should they announce the hotly anticipated 0.8 OS figure

All my uninformed opinion

- EP

Https://finance.yahoo.com/sectors/healthcare/articles/summit-therapeutics-reports-financial-results-203200813.html

All well bar burning through cash .

Probably a raise coming hence market reaction.

Need to finance it through testing and market eventually.