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Summit wins multi-million pound drug funding

Mon, 22nd Oct 2012 09:40

Summit, a UK drug discovery company, said it had been awarded four million pounds to support clinical development of a new C. difficult antibioticThe money from charitable foundation the Wellcome Trust will be used to develop Summit's SMT 19969 drug through to clinical proof of concept studies. News of the award caused the firm's shares to jump as much as 11% in early trading on Monday.SMT 19969 is a molecule being developed as an antibiotic for the treatment of infections caused by C. difficult.Such infections are usually caused by antibiotics themselves, and, as such, most cases happen in a healthcare environment, such as a hospital or care home, according to the NHS.Summit said the award would provide non-dilutive funding to de-risk its development as the drug advanced through important clinical milestones.Under the terms of the award, the firm will be eligible for up to £4m in staged, success-based payments. The company will immediately receive £1.26m that will support a Phase One clinical trial in healthy volunteers and additional non-clinical studies designed to enhance clinical data. The Phase One trial is expected to start by the end of 2012 with results expected in the first half of 2013.A successful outcome would trigger a further three payments from the Wellcome Trust with these contributing significantly towards undertaking a Phase Two proof of concept trial in patients, Summit said.
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15 Dec 2016 12:38

Summit Therapeutics widens loss as drug development continues

(ShareCast News) - Drug discovery and development company Summit Therapeutics posted its financial results for the third quarter to 31 October on Thursday. The AIM-traded firm had cash and cash equivalents at period end of £34.6m compared to £16.3m on 31 January. Its loss for the nine months was £1

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16 Nov 2016 12:28

Summit Therapeutics enrols first US patients in ezutromid trial for DMD

(ShareCast News) - AIM-listed drug discovery and development company Summit Therapeutics has enrolled its first patients in phase II proof of concept trials in the US of ezutromid in patients with Duchenne muscular dystrophy. Summit said enrolment and dosing of patients into Phase Out DMD in the UK

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6 Oct 2016 14:28

Summit Therapeutics shares plummet despite positive progress

(ShareCast News) - Drug discovery and development company Summit Therapeutics presented preclinical data at the 21st International Congress of the World Muscle Society in Granada, Spain on Thursday, including further findings from its programme to develop tools to measure biomarkers of muscle health

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4 Oct 2016 11:52

BUZZ-Summit Therapeutics: Best day since 2009 on Sarepta deal

** Shares in drug developer Summit Therapeutics up 58 pct after teams up with US drug co Sarepta Therapeutics to develop and market DMD drug in Europe ** Stock poised for its best day since April 2009 ** Co gets $40 mln upfront payment, could receive up to $522 million in milestone p

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9 Aug 2016 11:51

Summit Therapeutics Sees Positive Phase I Trial Results For Ezutromid

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21 Jun 2016 06:46

Summit Therapeutics Shows Further Positive Trial Data For Ridinilazole

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17 Jun 2016 11:21

Summit Therapeutics Enrols First Patient In Phase II Ezutromid Trial

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2 Jun 2016 14:30

Cash reduced, losses widen at Summit Therapeutics

(ShareCast News) - Drug discovery and development company Summit Therapeutics posted its first quarter results on Thursday, with cash reduced and losses widening. The AIM-traded firm, which is advancing therapies for Duchenne muscular dystrophy (DMD) and C. difficile infection (CDI), had cash and ca

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10 May 2016 16:46

Losses widen at Summit Therapeutics

(ShareCast News) - Drug discovery and development company Summit Therapeutics reported an increase in cash and activities in its full-year results on Tuesday, though its losses widened as it carried its projects towards commercialisation. The AIM-traded firm had cash and cash equivalents of £16.3m o

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10 May 2016 11:20

Summit Therapeutics Posts Widened Loss As It Progresses Programmes

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28 Apr 2016 11:11

Summit Therapeutics Gets Further US Patent For Antibiotic Ridinlazole

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26 Apr 2016 11:16

Summit Therapeutics Gets Clearance To Expand Ezutromid Trial To US

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30 Mar 2016 12:48

Summit reports positive results from Duchenne muscular dystrophy treatment

(ShareCast News) - Summit Therapeutics reported positive interim findings on Wednesday, from a recent Phase 1 trial of a new oral formulation of its SMT C1100 therapy for Duchenne muscular dystrophy. The AIM-traded drug discovery and development company focuses on advancing therapies for Duchenne mu

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30 Mar 2016 11:06

Summit Therapeutics Gets Positive Interim SMT C1100 Test Results

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7 Mar 2016 12:43

Summit Therapeutics Sees Further Positive Data For Ridinilazole

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