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Summit, AstraZeneca in talks over $15 billion partnership deal, Bloomberg News reports
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Summit, AstraZeneca in talks over $15 billion partnership deal, Bloomberg News reports
Jul 3, 2025 8:06 AM

(Reuters) -Summit Therapeutics ( SMMT ) and AstraZeneca ( AZN ) are discussing a partnership deal worth as much as $15 billion, Bloomberg News reported on Thursday, citing people familiar with the matter.

Under the potential deal, AstraZeneca ( AZN ) could license Summit's experimental lung-cancer treatment, ivonescimab, the report said.

Summit did not immediately respond to Reuters request seeking comment, while an AstraZeneca ( AZN ) spokesperson declined to comment.

A deal between the companies could include an upfront payment of several billion dollars to Summit and milestone payments later on, Bloomberg News said.

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