Summit Therapeutics plc, the Oxford based drug discovery and development company advancing therapies for rare and infectious diseases, announced today that it has raised £15 million.
The Placing, which was oversubscribed, was conducted by means of an accelerated bookbuild with existing and new investors.
The funds will be used primarily to accelerate preparatory activities for a placebo controlled clinical trial of ezutromid, and for a potential regulatory filing of ezutromid in Duchenne muscular dystrophy (“DMD”) based on the 48-week results from the ongoing Phase 2 clinical trial called PhaseOut DMD
Singer Capital Markets acted as joint broker in relation to the Placing.
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