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Summit Therapeutics in a great position nearing the business end of its development

Glyn Edwards, chief executive of Summit Therapeutics PLC (LON:SUMM, NASDAQ:SMMT), caught up with Proactive Investors following the news they'd entered into a revenue sharing agreement with the Wellcome Trust for their ridinilazole drug for the treatment of clostridium difficile infection (CDI).

The deal follows a translational award (TA) funding agreement with the Wellcome Trust in October 2012, which provided funds for the Phase 1 and II clinical trials of ridinilazole that have since been completed.

Phase III clinical trials are scheduled to begin in the first half of 2018, the company said in a statement on Monday.

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