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Is Summit Therapeutics a Millionaire Maker?
SMMTSummit Therapeutics (SMMT) The Motley Fool·2024-10-05 15:12

This company's promising cancer drug could challenge Merck's 25billioncrownjewel.Thepharmaceuticalindustryisoftenabouthittinghomeruns.Bigpharmaceuticalcompaniesstartsmall,andthenablockbusterproductcatapultsthemintothespotlight.SummitTherapeutics(SMMT2.5825 billion crown jewel. The pharmaceutical industry is often about hitting home runs. Big pharmaceutical companies start small, and then a blockbuster product catapults them into the spotlight. Summit Therapeutics (SMMT 2.58%) has soared 1,000% over the past year on progress in developing a drug that could rival Merck's Keytruda, a product used to treat various cancers with over 25 billion in sales last year. Those who got in early have gotten r ...