5th Oct 2026 12:53
AstraZeneca PLC - Cambridge, England-based pharmaceutical company - Says it has successfully completed its USD2 billion equity investment in Summit Therapeutics. The funding will accelerate the development of first-in-class bispecific antibody ivonescimab, which targets PD-1 and VEGF across multiple tumour types in combination with antibody-drug conjugates. Notes that it has also entered a clinical collaboration agreement with Summit to evaluate sonesitatug vedotin in combination with ivonescimab. They also intend to enter an additional deal, which would initiate a global development programme combining other AstraZeneca cancer medicines. Read More