Get the latest tech news

Summit Is in Talks for $15 Billion Partnership With AstraZeneca


AstraZeneca Plc is discussing a partnership deal with Summit Therapeutics Inc. in which it could pay as much as $15 billion over time to license a lung-cancer drug, according to people familiar with the matter.

AstraZeneca Plc is discussing a partnership deal with Summit Therapeutics Inc. in which it could pay as much as $15 billion over time to license a lung-cancer drug, according to people familiar with the matter. The companies have been holdings talks regarding the potential partnership over Summit’s ivonescimab treatment, the people said, asking not to be identified because that matter is private. Summit has also held discussions with other major pharmaceutical firms, the people said.

Get the Android app

Or read this on Bloomberg

Read more on:

Photo of Summit

Summit

Photo of talks

talks

Photo of partnership

partnership

Related news:

News photo

PS5 Pro is getting a big upgrade soon thanks to Sony and AMD's partnership

News photo

Tata Is Said to Be in Talks to Buy Out Investors in Resurgent

News photo

Thoma Bravo Is in Talks to Acquire Verint Systems