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    Summit Announces Closing of Private Placement of $50 Million

    Details:

    Funds to be used for continued patient enrolment into the Ri-CoDIFy Phase 3 clinical trial program of ridinilazole; Preparatory activities to support the commercial launch of ridinilazole; Development of early-stage research projects using Discuva Platform.


    Lead Product(s): Ridinilazole

    Therapeutic Area: Infections and Infectious Diseases Product Name: Undisclosed

    Highest Development Status: Phase IIIProduct Type: Small molecule

    Partner/Sponsor/Collaborator: Polar Capital

    Deal Size: $50.0 million Upfront Cash: Undisclosed

    Deal Type: Private Placement November 06, 2020

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