2 Stocks Up Over 700% in 2024 That Could Soar Even Further

2 Stocks Up Over 700% in 2024 That Could Soar Even Further

📈 In this episode, we dive into two stocks that have skyrocketed over 700% in 2024 and explore why they could continue to soar. Summit Therapeutics and Instil Bio are developing groundbreaking cancer therapies that could revolutionize treatment and generate billions in annual sales.

🔬 Summit Therapeutics (SMMT):

Shares of Summit Therapeutics have gained over 700% in 2024, driven by promising clinical trial results.
The company's lung cancer therapy, ivonescimab, outperformed Keytruda in a phase 3 clinical trial.
Ivonescimab is a bispecific antibody that targets both PD-1 and VEGF-A, making it a potential game-changer in cancer treatment.
Summit's partner is running a head-to-head phase 3 trial in China, with encouraging interim results.
The HARMONi-3 trial in North America could make ivonescimab the new standard for lung cancer treatment, potentially leading to over $10 billion in annual sales.
🔬 Instil Bio (TIL):

Instil Bio's stock soared due to its development of a bispecific antibody similar to Summit Therapeutics' candidate.
The company licensed SYN-2510 from ImmuneOnco, which targets PD-L1 on tumor cells and multiple VEGF ligands.
Although SYN-2510 is behind ivonescimab in development, Instil Bio and ImmuneOnco have a plan to catch up with late-stage trials in China and the U.S.
The potential for SYN-2510 to outperform Keytruda has driven significant investor interest.
💡 Investment Considerations:

Summit Therapeutics has a market cap of around $17 billion, reflecting high expectations for ivonescimab's success.
Instil Bio has a smaller market cap of $444 million, indicating higher risk but also potential for substantial gains if SYN-2510 proves effective.
Both stocks carry significant risk, as any discouraging clinical trial data could lead to sharp declines in their stock prices.
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Join us as we explore the exciting world of biotech and the innovative cancer therapies that could revolutionize treatment and generate significant returns for investors. Stay tuned for more insights and tips!