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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Summit Therapeutics Inc. - SMMT

1. Pomerantz LLP investigating potential securities fraud claims against Summit Therapeutics. 2. Recent Phase III trial results for ivonescimab did not meet survival statistics. 3. SMMT's stock fell 30.5% after the disappointing trial announcement. 4. Investors can join the class action regarding Summit's alleged unlawful practices. 5. Historical context shows lawsuits can significantly impact stock prices.

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FAQ

Why Very Bearish?

SMMT’s stock has already fallen sharply after disappointing trial results, indicating negative investor sentiment. Historically, stocks facing class action lawsuits tend to struggle or decline further as fears of legal ramifications loom.

How important is it?

The ongoing investigation and class action surrounding SMMT could profoundly influence its stock price, making this article highly relevant.

Why Short Term?

The immediate negative impact from trial results and ongoing legal scrutiny will affect SMMT's stock in the near term, suggesting heightened volatility.

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Pomerantz LLP is investigating claims on behalf of investors of Summit Therapeutics Inc. ("Summit" or the "Company") (NASDAQ:SMMT). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Summit and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.[Click here for information about joining the class action]On May 30, 2025, Summit issued a press release "announc[ing] topline results from the Phase III clinical trial, HARMONi, the first global Phase III study evaluating ivonescimab[.]" Although patients treated with ivonescimab and chemotherapy were 48% less likely to progress or die than patients who received chemo alone, the drug failed to make a statistically significant difference in overall survival, a metric that measures how long patients live before dying of any cause.On this news, Summit's stock price fell $7.99 per share, or 30.5%, to close at $18.22 per share on May 30, 2025.Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.Attorney advertising. Prior results do not guarantee similar outcomes.SOURCE: Pomerantz LLP

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