Billionaire Bob Duggan Snags $33M Miami Penthouse Amid Summit Therapeutics 689% Stock Rally
Portfolio Pulse from Pooja Rajkumari
Bob Duggan, chairman and co-CEO of Summit Therapeutics Inc. (NASDAQ:SMMT), purchased a $33 million Miami penthouse following a 689% stock surge. The stock rise was driven by Summit's experimental cancer drug and a $235 million capital raise. Duggan's wealth has increased significantly, now at $14.9 billion.
October 24, 2024 | 7:13 am
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Summit Therapeutics Inc. (NASDAQ:SMMT) experienced a 689% stock surge, driven by their experimental cancer drug and a successful $235 million capital raise. This has significantly increased the wealth of its chairman, Bob Duggan.
The article highlights a significant 689% increase in Summit Therapeutics' stock price, primarily due to the success of their experimental cancer drug and a substantial capital raise. This directly impacts the company's valuation and investor sentiment positively.
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