Development StrategyCR-001 allows for CBIO to leverage ongoing clinical data updates and rapidly pursue de-risked opportunities as a fast-follower, as well as first-in-class opportunities, across an expansive range of solid tumor indications.
Market ValuationCrescent currently trades at a market cap of just $180M, compared to Summit Therapeutics, which has a $13.5B market cap. As the market recognizes the shared profile of these assets, the valuation gap should narrow considerably.
Strategic PartnershipsThe Kelun transaction creates greater pipeline and CR-001 development and optionality, securing ex-Greater China rights to an ADC with a clinically-validated target antigen.