Summit Therapeutics Announces Ivonescimab's Novel Mechanism Of Action Highlighting Cooperative Binding To Be Featured In Poster Presentation At SITC 2023
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Summit Therapeutics (NASDAQ:SMMT) announced that data for its novel investigational bispecific antibody, ivonescimab, will be presented at the 38th Annual Meeting of the Society for Immunotherapy of Cancer (SITC) in San Diego, CA. The data was generated and analyzed in collaboration with Akeso, Inc. Ivonescimab, known as SMT112 in the United States, Canada, Europe, and Japan, and as AK112 in China and Australia, combines the effects of immunotherapy via a blockade of PD-1 with the anti-angiogenesis effects associated with blocking VEGF into a single molecule. Summit has begun its clinical development of ivonescimab in two proposed NSCLC indications.
October 31, 2023 | 12:12 pm
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Summit Therapeutics is set to present data on its novel investigational bispecific antibody, ivonescimab, at the SITC 2023. The company has begun clinical development of ivonescimab in two proposed NSCLC indications.
The announcement of the presentation of data on ivonescimab at a major conference, along with the commencement of clinical trials, indicates positive progress in Summit's pipeline. This could potentially have a positive impact on the company's stock in the short term.
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