Summit Therapeutics Inc. (NASDAQ:SMMT) shares rose 60% to $1.60 in pre-market trading. Summit Therapeutics CFO Ankur Dhingra recently acquired a total of 36,215 shares at an average price of $0.97
'That bet has received a frosty reception from the FDA. “The FDA does not agree with the change to the primary endpoint that Summit proposed and has subsequently implemented in its ongoing phase 3 Ri-CoDIFy studies when combining the studies,” Summit said in a statement. '