Summit Therapeutics Inc.

Summit Therapetuics shares skyrocketed Tuesday on word that it has entered into an exclusive licensing agreement with drugmaker Sarepta Therapeutics.

Summit Therapeutics (SMMT) and Sarepta Therapeutics (SRPT) entered an exclusive agreement on Tuesday giving Sarepta rights to Summit's pipeline in several European countries.

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The company sees a bright future in its iButton chip. Also, items on Summit Design and AOL.

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