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ASCO wins from RevMed, Akeso/Summit, more; plus more Lilly and more China; ADA on deck

Key Takeaway: At the recent ASCO annual meeting, RevMed and Summit Therapeutics garnered attention with promising developments in oncology. Moderna reported positive results for its melanoma vaccine and secured $50 million for its Ebola vaccine amid ongoing outbreaks. Additionally, Eli Lilly continues to expand its partnerships, signaling a robust pipeline in obesity and other indications.
Price reaction · baseline $45.64 (2026-06-02 close) · hit after-hours · clean, no other MRNA news in the window
day 0 close
+7.5%
day 1 · peak
+13%
day 3
+4.3%

Market Sentiment Analysis

POSITIVE FACTORS

  • Encouraging 5-year survival data for Moderna's melanoma vaccine.
  • RevMed may receive potential approval for pancreatic cancer soon.
  • Collaboration between Pfizer and Innovent Biologics indicates a positive trend in oncology partnerships.

CONCERNS & RISKS

  • Summit Therapeutics faces challenges in proving survival benefits globally.
  • Moderna's funding is tied to ongoing Ebola outbreaks, indicating urgent need.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+47%
120-day peak, hindsight
Typical move
5.1%
average across 3 past catalysts
Cash runway
~22 mo
Low dilution risk
Lead asset
mRNA-1645-eODGT8
Phase 1 · HIV Infections

Full Press Release Details

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At the American Society of Clinical Oncology (ASCO) annual meeting in Chicago this past weekend, packed plenary sessions fromRevolution Medicinesand Summit Therapeutics’ Chinese partnerAkeso stole the show. For RevMed, analysts anticipate a potential approval in pancreatic cancer as early as this year, while Summit still has a tough road ahead showing that the survival benefit seen in Akeso’s clinical trial in China will hold up in aglobal population.
Immuneering,BMS/BioNTech,Merck,Pfizerand many more also scored oncology wins at the annual meeting, as did Moderna, with“encouraging” 5-year survivalfor its mRNA-based personalized melanoma vaccine. The embattled drugmaker followed up that positive readout with news of $50 million in funding from the Coalition for Epidemic Preparedness Innovations to test Moderna’sexperimental Ebola vaccineas the latest outbreak continues in the Democratic Republic of the Congo (DRC) and Uganda.
Outside of ASCO, the past week saw Pfizer strike anunusual pactwith China’s Innovent Biologics as it seeks to bolster itsoncology pipeline. Reminiscent of another recent deal from BMS and Hengrui Pharma, it could signal a morecollaborative approachto working with Chinese companies.
We’ll also cover the latest deals from Eli Lilly, which continues to rack up partners with its GLP-1 windfall. This week, the Indianapolis pharma struck a pact potentially worth more than $3 billion withHaisco Pharmaceutical Groupto collaborate on a clutch of early-stage assets across undisclosed indications. And just across the Yellow Sea, Lilly linked up with South Korea’sHanmifor a GLP-2 agonist being trialed for short bowel syndrome.
Finally, learn about how BrainStorm is planning another FDA bid for its experimentalALS therapy NurOwnwith former regulator Peter Pitts now on the board, andcheck out a previewof the 2026 American Diabetes Association, or ADA, which kicks off this weekend in New Orleans. Eli Lilly will elaborate on recent data for its next-gen obesity asset retatrutide, while rival Novo Nordisk will present on its own next-gen candidate, CagriSema, which has been a bit overshadowed since it failed to bestLilly’s Zepboundin a Novo-sponsored trial earlier this year.

Frequently Asked Questions

What were the key highlights from ASCO 2023?

Key highlights included RevMed's potential pancreatic cancer approval and Moderna's melanoma vaccine results.

What funding did Moderna receive recently?

Moderna secured $50 million to test its experimental Ebola vaccine amid ongoing outbreaks.

How is Eli Lilly expanding its partnerships?

Eli Lilly formed a $3 billion deal with Haisco Pharmaceutical and collaborated with Hanmi on a GLP-2 agonist.

What challenges does Summit Therapeutics face?

Summit must prove the survival benefits of its clinical trial results in a global population.

What is the significance of Pfizer's deal with Innovent Biologics?

This deal indicates a collaborative approach to enhance Pfizer's oncology pipeline in China.

Last updated: Jun 3, 2026