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SUMM Summit Therapeutics Plc

20.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Summit Therapeutics Plc LSE:SUMM London Ordinary Share GB00BN40HZ01 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 20.50 18.00 23.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Summit Therapeutics plc Summit Presents Data From Phase 1 Clinical Programme Of Ezutromid At The Epns Congress

22/06/2017 12:00pm

UK Regulatory


 
TIDMSUMM 
 
 
   Summit Therapeutics plc 
 
   ('Summit', or 'the Company') 
 
   SUMMIT PRESENTS DATA FROM PHASE 1 CLINICAL PROGRAMME OF EZUTROMID AT THE 
EUROPEAN PAEDIATRIC NEUROLOGY SOCIETY CONGRESS 
 
   Oxford, UK, 22 June 2017 - Summit Therapeutics plc (NASDAQ: SMMT, AIM: 
SUMM), the drug discovery and development company advancing therapies 
for Duchenne muscular dystrophy ('DMD') and Clostridium difficile 
infection, today announces the presentation of clinical data from two 
Phase 1 clinical trials of ezutromid, Summit's lead utrophin modulator, 
at the European Paediatric Neurology Society Congress in Lyon, France. 
The oral presentation focussed on the Company's positive efforts to 
improve absorption and increase exposure of ezutromid in patients with 
DMD, as evidenced by the results of both the modified diet and new 
formulation Phase 1 clinical trials. The presentation took place today, 
22 June 2017, during the Neuromuscular Pathologies 2 session. 
 
   "Our Phase 1 clinical development programme has identified ways to 
improve the pharmacokinetic profile of ezutromid. Through both 
formulation development and dietary advice, ezutromid achieves exposures 
which we believe have the potential to sustain utrophin production in 
patients with DMD," commented Dr David Roblin, President of R&D of 
Summit. "We are now utilising both methods in our ongoing Phase 2 
clinical trial, PhaseOut DMD, where we have the chance to see the impact 
of ezutromid drug exposure on pharmacology, safety and efficacy with 
longer term dosing of patients with DMD." 
 
   The presentation is available on the Publications page of Summit's 
website, www.summitplc.com. 
 
   About Utrophin Modulation in DMD 
 
   DMD is a progressive muscle wasting disease that affects around 50,000 
boys and young men in the developed world. The disease is caused by 
different genetic faults in the gene that encodes dystrophin, a protein 
that is essential for the healthy function of all muscles. There is 
currently no cure for DMD and life expectancy is into the late twenties. 
Utrophin protein is functionally and structurally similar to dystrophin. 
In preclinical studies, the continued expression of utrophin has a 
meaningful, positive effect on muscle performance. Summit believes that 
utrophin modulation has the potential to slow down or even stop the 
progression of DMD, regardless of the underlying dystrophin gene 
mutation. Summit also believes that utrophin modulation could 
potentially be complementary to other therapeutic approaches for DMD. 
The Company's lead utrophin modulator, ezutromid, is an orally 
administered, small molecule. DMD is an orphan disease, and the US Food 
and Drug Administration ('FDA') and the European Medicines Agency have 
granted orphan drug status to ezutromid. Orphan drugs receive a number 
of benefits including additional regulatory support and a period of 
market exclusivity following approval. In addition, ezutromid has been 
granted Fast Track designation and Rare Pediatric Disease designation by 
the FDA. 
 
   About Summit Therapeutics 
 
   Summit is a biopharmaceutical company focused on the discovery, 
development and commercialisation of novel medicines for indications for 
which there are no existing or only inadequate therapies. Summit is 
conducting clinical programs focused on the genetic disease Duchenne 
muscular dystrophy and the infectious disease C. difficile infection. 
Further information is available at www.summitplc.com and Summit can be 
followed on Twitter (@summitplc). 
 
   For more information, please contact: 
 
 
 
 
Summit 
 Glyn Edwards / Richard Pye (UK office)         Tel: +44 (0)1235 443 951 
 Erik Ostrowski / Michelle Avery (US office)    +1 617 225 4455 
Cairn Financial Advisers LLP 
 (Nominated Adviser)                            Tel: +44 (0)20 7213 0880 
 Liam Murray / Tony Rawlinson 
N+1 Singer 
 (Broker)                                       Tel: +44 (0)20 7496 3000 
 Aubrey Powell / Lauren Kettle 
MacDougall Biomedical Communications 
 (US media contact)                            Tel: +1 781 235 3060 
 Karen Sharma                                  ksharma@macbiocom.com 
Consilium Strategic Communications            Tel: +44 (0)20 3709 5700 
 (Financial public relations, UK)              summit@consilium-comms.com 
 Mary-Jane Elliott / Sue Stuart / 
 Jessica Hodgson / Lindsey Neville 
 
 
   Forward-looking Statements 
 
   Any statements in this press release about Summit's future expectations, 
plans and prospects, including but not limited to, statements about the 
clinical and preclinical development of Summit's product candidates, the 
therapeutic potential of Summit's product candidates, and the timing of 
initiation, completion and availability of data from clinical trials, 
and other statements containing the words "anticipate," "believe," 
"continue," "could," "estimate," "expect," "intend," "may," "plan," 
"potential," "predict," "project," "should," "target," "would," and 
similar expressions, constitute forward looking statements within the 
meaning of The Private Securities Litigation Reform Act of 1995. Actual 
results may differ materially from those indicated by such 
forward-looking statements as a result of various important factors, 
including: the uncertainties inherent in the initiation of future 
clinical trials, availability and timing of data from on-going and 
future clinical trials and the results of such trials, whether 
preliminary results from a clinical trial will be predictive of the 
final results of that trial or whether results of early clinical trials 
or preclinical studies will be indicative of the results of later 
clinical trials, expectations for regulatory approvals, availability of 
funding sufficient for Summit's foreseeable and unforeseeable operating 
expenses and capital expenditure requirements and other factors 
discussed in the "Risk Factors" section of filings that Summit makes 
with the Securities and Exchange Commission including Summit's Annual 
Report on Form 20-F for the fiscal year ended January 31, 2017. 
Accordingly, readers should not place undue reliance on forward looking 
statements or information. In addition, any forward-looking statements 
included in this press release represent Summit's views only as of the 
date of this release and should not be relied upon as representing 
Summit's views as of any subsequent date. Summit specifically disclaims 
any obligation to update any forward-looking statements included in this 
press release. 
 
   -END- 
 
 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Summit Therapeutics plc via Globenewswire 
 
 
  http://www.summitplc.com/ 
 

(END) Dow Jones Newswires

June 22, 2017 07:00 ET (11:00 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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