Hutchmed (China) Limited Stock Price, News & Analysis

HUTCHMED will host a virtual investor update on May 26, 2021, at 8 a.m. EDT. Senior management will discuss product launches in China, US commercialization plans, R&D updates, and new data from the 2021 ASCO Annual Meeting. Investors can join via a live audio webcast; a replay will be available for 90 days. Following the presentation, a Q&A session will be held, with a second session for Asian investors on May 27. HUTCHMED is focused on innovative treatments for cancer and immunological diseases and has advanced ten drug candidates into clinical studies.

HUTCHMED (Nasdaq/AIM: HCM) announces that its CEO, Mr. Christian Hogg, will join a virtual fireside chat at the Bank of America 2021 Health Care Conference on May 11, 2021, at 8:00 a.m. EDT. The event will be live-streamed, and a replay will be available for 90 days. Additionally, senior management will participate in virtual one-on-one meetings at various upcoming conferences, including the MS Virtual Asia Healthcare Conference and Jefferies Virtual Global Healthcare Conference. HUTCHMED focuses on developing targeted therapies and immunotherapies for cancer treatment.

HUTCHMED (China) Limited (Nasdaq/AIM: HCM) has officially changed its name, consolidating its corporate identities into HUTCHMED (China) Limited, effective April 29, 2021. Trading under the new name will begin on May 5, 2021. The stock symbol and related identifiers remain unchanged. Shareholders are advised that their shareholdings will not be affected and existing share certificates remain valid. This name change reflects the company’s history and brand equity accumulated over the past twenty years. For more details, visit hutch-med.com.

HUTCHMED announced on May 3, 2021, the completion of a rolling submission of a New Drug Application (NDA) to the FDA for surufatinib aimed at treating pancreatic and extra-pancreatic neuroendocrine tumors (NETs). This marks HUTCHMED's first NDA in the U.S., following a successful launch in China. The submission is backed by data from two positive Phase III studies in China and a U.S. study. Fast Track and Orphan Drug designations were previously granted for surufatinib. An Expanded Access Protocol has also been initiated in the U.S. for patients with limited options.

Hutchison China MediTech Limited (HCM) has launched a registration-intent Phase II clinical trial for HMPL-689, a PI3Kδ inhibitor, targeting relapsed/refractory follicular lymphoma (FL) and marginal zone lymphoma (MZL). The study will enroll approximately 180 patients across 35 sites in China, focusing on the objective response rate (ORR) as its primary endpoint. Initial Phase Ib results indicated a favorable safety profile and clinical activity, supporting further development. This trial marks a significant step in HCM's global strategy for HMPL-689, connecting to the rising incidence of NHL.

Hutchison China MediTech Limited (HCM) announced a definitive agreement for a private placement of $100 million in shares at $30.5 per American Depositary Share (ADS) to Baring Private Equity Asia. CEO Christian Hogg anticipates significant growth in oncology revenues from its drug offerings, including ELUNATE® and SULANDA®, alongside the potential approval of savolitinib. The private placement will support ongoing research and the expansion of commercialization capabilities. Following the placement, HCM's total shares will be approximately 744.5 million.

HUTCHMED (Nasdaq/AIM: HCM) has launched two international Phase I trials for HMPL-306, a dual inhibitor targeting IDH1 and IDH2 mutations in advanced solid tumors and hematological malignancies. The trials, initiated on March 25, 2021, follow a prior study in China. Each trial will evaluate safety, tolerability, pharmacokinetics, and preliminary efficacy. This marks HMPL-306 as HUTCHMED's sixth drug candidate in global clinical development, showcasing its expanding clinical presence.

HUTCHMED announced an agreement to sell its indirect interest in Hutchison Whampoa Guangzhou Baiyunshan Chinese Medicine Company Limited for approximately $169 million. This sale enables HUTCHMED to focus on clinical development and market launches of its oncology and immunology assets. The cash received from this transaction is about 22 times HBYS' adjusted net profit of $7.7 million in 2020. The deal is subject to regulatory approval in China and is expected to close in mid-2021.

HUTCHMED has launched a Phase Ib/II study of surufatinib in combination with BeiGene’s tislelizumab targeting advanced solid tumors in the U.S. and Europe. The first patient was dosed on March 23, 2021. This study aims to assess the drug combination's safety, tolerability, pharmacokinetics, and efficacy. It comprises two parts: Part 1 focuses on determining the recommended Phase II dose and/or maximum tolerated dose, while Part 2 evaluates antitumor activity in specific cancers, including neuroendocrine tumors and colorectal cancer. Details are available at clinicaltrials.gov (NCT04579757).