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Summit Therapeutics Inc. Securities Fraud Lawsuit - Class Action Opportunity
ByAinvest
Tuesday, Aug 12, 2025 4:32 am ET1min read
Summit Therapeutics Inc. (SMMT) is being sued for securities fraud by the Schall Law Firm. The class action lawsuit alleges that the company misled investors about the results of its Pinnacle Study for poziotinib, a potential lung cancer treatment. Investors who purchased SMMT securities between March 17, 2022, and September 22, 2022, are encouraged to contact the firm before September 24, 2025, to discuss their rights.
Summit Therapeutics Inc. (SMMT), a biopharmaceutical company focused on innovative therapies for high-need medical conditions, is facing a class action lawsuit alleging securities fraud. The Schall Law Firm has filed the lawsuit on behalf of investors who purchased SMMT securities between March 17, 2022, and September 22, 2022. The lawsuit claims that Summit made false and misleading statements regarding the results of its Pinnacle Study of poziotinib, a potential treatment for lung cancer patients [1][2].The Pinnacle Study was intended to evaluate the safety and efficacy of poziotinib in treating lung cancer. According to the complaint, Summit Therapeutics misled investors by presenting inaccurate and exaggerated results. When the true outcomes of the study were revealed, investors suffered financial damages [1][2].
The Schall Law Firm is urging investors who purchased SMMT securities during the specified period to contact the firm before September 24, 2025, to discuss their rights. The firm emphasizes that the class has not yet been certified, and until certification occurs, investors are not represented by an attorney [1][2].
Summit Therapeutics has not responded to the allegations publicly, and the company has not yet commented on the lawsuit. The lawsuit is ongoing, and further developments are expected in the coming months.
References:
[1] https://www.prnewswire.com/news-releases/smmt-investors-have-opportunity-to-lead-summit-therapeutics-inc-securities-fraud-lawsuit-with-the-schall-law-firm-302527176.html
[2] https://www.morningstar.com/news/business-wire/20250811388666/smmt-investors-have-opportunity-to-lead-summit-therapeutics-inc-securities-fraud-lawsuit-with-the-schall-law-firm
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