Summit withdraws $500M offering, citing 'market conditions'

Summit Therapeutics at #ASCO2026 (Karen Weintraub for Endpoints News) June 11, 2026 11:12 AM EDT Financing Sum­mit with­draws $500M of­fer­ing, cit­ing 'mar­ket con­di­tion­s' Max Gelman Senior Editor The cur­rent biotech en­vi­ron­ment can ap­par­ent­ly sup­port an in­dus­try-record IPO and si­mul­ta­ne­ous­ly ham­per ef­forts to raise half a bil­lion dol­lars. Sum­mit Ther­a­peu­tics ditched plans for … Sign up to read this article for free. Get free access to a limited number of articles, plus choose newsletters to get straight to your inbox. SIGN UP LOG IN BECOME A PREMIUM SUBSCRIBER