** Biopharmaceutical company's U.S.-listed shares up 2.7 pct at $10.20
** Stock rises as much as 4.5 pct to $10.35, valuing companyat $120.8 mln
** Offering of 3.45 American depository shares priced at$9.90 each
** IPO raised about $34.15 mln
Thu, 05th Mar 2015 15:15
** Biopharmaceutical company's U.S.-listed shares up 2.7 pct at $10.20
** Stock rises as much as 4.5 pct to $10.35, valuing companyat $120.8 mln
** Offering of 3.45 American depository shares priced at$9.90 each
** IPO raised about $34.15 mln
Shares in Summit Corporation, an Oxford based drug developer, soared 20 per cent on Tuesday after it announced it has entered a technology licence agreement with Bristol-Myers Squibb Company. Under the agreement, Bristol-Myers will use Summit's Seglin technology to identify and develop drug candida
Read moreLord Wolfson of Aspley Guise, Chief Executive of High Street retailer Next, has made his first sale since March 2007 in a move which triggered a widespread sale of the company's shares. Wolfson, who has stood at the helm of the chain store since 2001, sold off 125,000 shares at 3,057p each for a t
Read moreIt's all go at Oxford based drug developer Summit Corporation as the firm announces a five million pound share placing, appoints a new Chief Executive and reveals encouraging results for an anti-superbug drug. The company says it will issue 166,666,670 new shares at 3p per share to "certain institu
Read moreSummit Corporation, a drug research group, has reported positive data from in vivo studies in its drug discovery programme targeting Alzheimer's disease and related neurodegenerative disorders. The most recent tril has discoved a way to enable the drug to penetrate the Blood Brain Barrier and enter
Read moreDrug discovery company Summit Corporation is in discussions with potential partners for the Seglin platform. The Seglin platform enables the identification of mew treatments. The platform is being used to identify cancer and metabolic diseases treatments. AIM-quoted Summit suffered a operating c
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Read more0848 GMT [Dow Jones] Singer Capital Markets initiates coverage of Summit Corp. (SUMM.LN) with an 11p price target. The broker says the drug development and research services firm has a promising therapy for Duchenne muscular dystrophy in early-stage clinical trials with BioMarin (BMRN), as well as a
Read moreBroker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, markets.eu@dowjones.com Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com 0848 GMT [Dow Jones] Singer Capital Markets initiates coverage of Summit Corp. (SUMM.LN) with an 11p price target. The broker
Read moreLONDON (Dow Jones)--Summit Corporation PLC (SUMM.LN), a U.K. based drug discovery company, said Thursday it has a number of opportunities to deliver commercial success from its portfolio of partner funded programs and Seglin technology platform, adding that it is currently exploring potential collab
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