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Product (‘QIDP’) designation and has been granted Fast Track designation by the US Food and Drug Administration. The QIDP incentives are provided through the US GAIN Act and include a potential extension of marketing exclusivity for an additional five years upon FDA approval.
About the Contract with BARDA
This project has been funded in whole or in part with federal funds from the Biomedical Advanced Research and Development Authority, a component of the Office of the Assistant Secretary for Preparedness and Response within the U.S. Department of Health and Human Services, under contract number HHS0100201700014C.
About Summit Therapeutics
Summit Therapeutics is a leader in antibiotic innovation. Our new mechanism antibiotics are designed to become the new standards of care for the benefit of patients and create value for payors and healthcare providers. We are currently developing new mechanism antibiotics for infections caused byC. difficile,N. gonorrhoeaeandEnterobacteriaceae and are using our proprietary Discuva Platform to expand our pipeline. For more information, visit www.summitplc.com and follow us on Twitter @summitplc.
Contacts
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Summit | | | | |
Glyn Edwards /Richard Pye (UK office) | | Tel: | | 44 (0)1235 443 951 |
Michelle Avery (US office) | | | | +1 617 225 4455 |
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Cairn Financial Advisers LLP(Nominated Adviser) | | Tel: | | +44 (0)20 7213 0880 |
Liam Murray / Tony Rawlinson | | | | |
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N+1 Singer(Joint Broker) | | Tel: | | +44 (0)20 7496 3000 |
Aubrey Powell / Jen Boorer, Corporate Finance Tom Salvesen, Corporate Broking | | | | |
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Bryan Garnier & Co Limited (Joint Broker) | | Tel: | | +44 (0)20 7332 2500 |
Phil Walker / Dominic Wilson | | | | |
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MSL Group (US) | | Tel: | | +1 781 684 6557 |
Jon Siegal | | | | summit@mslgroup.com |
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Consilium Strategic Communications(UK) | | Tel: | | +44 (0)20 3709 5700 |
Mary-Jane Elliott / Sue Stuart / | | | | summit@consilium-comms.com |
Lindsey Neville | | | | |
Summit Forward-looking Statements
Any statements in this press release about the Company’s future expectations, plans and prospects, including but not limited to, statements about the potential benefits and future operation of the BARDA contract, including any potential future payments thereunder, the clinical and preclinical development of the Company’s product candidates, the therapeutic potential of the Company’s product candidates, the potential commercialisation of the Company’s product candidates, the sufficiency of the Company’s cash resources, the timing of initiation, completion and availability of data from clinical trials, the potential submission of applications for marketing approvals and other statements containing the words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “would,” and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the ability of BARDA to terminate our contract for convenience at any time, the uncertainties inherent in the initiation of future clinical trials, availability and timing of data from ongoing and future clinical trials and the results of such trials, whether preliminary results from a clinical trial will be predictive of the final results of