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[Nomura: Target price of HK$138.29 and a "buy" rating for Kangfang Biologics] On September 30, Nomura issued a research report stating that it gave Kangfang Biologics a target price of HK$138.29 and a "buy" rating. Summit Therapeutics and its overseas partner Summit Therapeutics announced that Summit has received a US$2 billion strategic investment from AstraZeneca. AstraZeneca's $2 billion investment in Summit's convertible preferred shares represents approximately 12% of Summit's common stock (10.6% on a diluted basis).
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