Is Summit Therapeutics a Buy Now?

Shares of Summit Therapeutics (NASDAQ: SMMT) recently jumped in response to positive clinical trial results for its experimental cancer therapy. Results of the phase 3 Harmoni-2 trial suggest newly diagnosed lung cancer patients are better off with its cancer drug candidate, ivonescimab, than the current standard of care, Keytruda from Merck (NYSE: MRK).With global sales that rose 19% last year to $25 billion, Keytruda is the world's top-selling drug. It's approved to treat lots of different cancer patients, but first-line lung cancer is the indication most responsible for its success.Is Summit Therapeutics a good investment now? While ivonescimab beat the pants off of Keytruda in Harmoni-2, there are lots of ins and outs when it comes to determining the trajectory of new cancer drug launches.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool