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Summit Therapeutics welcomes investment from US billionaire ahead of busy Q1

Glyn Edwards, chief executive of Summit Therapeutics PLC (LON:SUMM), discusses with Proactive London's Andrew Scott the recent US$25mln investment in the company by US healthcare entrepreneur Robert Duggan.

Duggan was the chief executive and chairman of Pharmacyclics before it was sold to pharma giant AbbVie Inc (NYSE:ABBV) for US$21bn in 2015.

The purchase will take Duggan’s stake, which sat at just 0.2% before, to 48.8%.

Quick facts: Summit Therapeutics PLC

Price: 20 GBX

AIM:SUMM
Market: AIM
Market Cap: £32.1 m
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Summit Therapeutics CEO says anti microbial resistance will be as big a...

Summit Therapeutics PLC (LON:SUMM) CEO Glyn Edwards sat down with Proactive at the 2019 BIO Investor Forum where is explained anti microbial resistance will be as big a problem as climate change. Edwards says recently, Summit reported that Phase II trials showed that antibiotic Ridinilazole...

on 25/10/19

2 min read