AstraZeneca In $15 Billion Talks For Drug That Could Upend Lung Cancer Treatment

In a high-stakes maneuver that could reshape the oncology landscape, AstraZeneca Plc (NASDAQ:AZN) is reportedly in talks with Summit Therapeutics Inc. (NASDAQ:SMMT) about a partnership worth up to $15 billion.

What Does This Mean?

The deal would give AstraZeneca the rights to a lung cancer drug called ivonescimab.

Bloomberg reported that the discussions are private, citing sources familiar with the matter. Summit has also been in talks with other large pharmaceutical companies about the same drug.

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