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HUTCHMED Highlights Sovleplenib ESLIM-02 Phase III Data in Warm Antibody Autoimmune Hemolytic Anemia Presented at EHA 2026 Congress

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Very Positive)

HUTCHMED (Nasdaq:HCM) reported Phase III ESLIM-02 data for sovleplenib in warm antibody autoimmune hemolytic anemia (wAIHA). The 90-patient China study met its primary endpoint, with a 66% durable hemoglobin response vs 15% on placebo, and showed reduced rescue therapy, transfusions and steroid use, with a favorable safety profile.

An NDA for wAIHA has been accepted and granted priority review and Breakthrough Therapy Designation by China’s NMPA.

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AI-generated analysis. How Rhea-AI works. Not financial advice.

Positive

  • Durable hemoglobin response 66% on sovleplenib vs 15% on placebo (p<0.0001)
  • Overall response rate 70% vs 22%, median time to response 3.1 vs 6.3 weeks
  • Rescue therapy use 16% vs 54%; red blood cell transfusions 11% vs 43%
  • 50% of patients tapered or discontinued glucocorticoids/other therapies vs 15%
  • Durable response rate 69% vs 16% in prior-rituximab subgroup (p=0.0022)
  • China NMPA accepted NDA and granted priority review and Breakthrough Therapy Designation

Negative

  • Grade ≥3 treatment-emergent adverse events in 43% on sovleplenib vs 59% on placebo
  • Grade ≥3 warm autoimmune hemolytic anemia still occurred in 18% of sovleplenib patients

News Market Reaction – HCM

+2.62%
+2.62% News Effect

On the day this news was published, HCM gained 2.62%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

What This Means

This announcement details comprehensive Phase III ESLIM-02 data, confirming that sovleplenib deliver...
Analysis

This announcement details comprehensive Phase III ESLIM-02 data, confirming that sovleplenib delivered a durable response rate of 66% vs 15%, higher overall response of 70% vs 22%, and lower Grade ≥3 TEAEs of 43% vs 59% versus placebo. It follows earlier topline results and an accepted NDA with priority review and Breakthrough Therapy Designation in China. Investors may track regulatory progress, additional safety follow-up, and how this candidate complements HUTCHMED’s broader late‑stage pipeline.

Key Figures

Phase III enrollment: 90 patients (44 sovleplenib, 46 placebo) Durable response rate: 66% vs 15% (p<0.0001) Overall response rate: 70% vs 22% (p<0.0001) +5 more
8 metrics
Phase III enrollment 90 patients (44 sovleplenib, 46 placebo) ESLIM-02 Phase III part in wAIHA
Durable response rate 66% vs 15% (p<0.0001) Primary endpoint weeks 5–24, sovleplenib vs placebo
Overall response rate 70% vs 22% (p<0.0001) Hb ≥100 g/L and ≥20 g/L increase without rescue
Rescue therapy use 16% vs 54% (p=0.0001) Protocol-defined rescue therapy, sovleplenib vs placebo
RBC transfusion rate 11% vs 43% Patients receiving red blood cell transfusions
Median time to response 3.1 vs 6.3 weeks Sovleplenib vs placebo in ESLIM-02
Duration of response 16.1 vs 6.1 weeks Median cumulative duration among responders
Grade ≥3 TEAEs 43% vs 59% Severe treatment-emergent adverse events, sovleplenib vs placebo

Previous Clinical trial Reports

5 past events · Latest: May 21 (Positive)
Same Type Pattern 5 events
Date Event Sentiment 24h Move Catalyst
May 21 ASCO data preview Positive -0.4% Highlighted multiple positive clinical datasets for ASCO, including pivotal savolitinib.
Mar 22 Phase III initiation Positive +0.4% Started registrational Phase III HMPL-760 trial in relapsed/refractory DLBCL in China.
Jan 13 Phase III publication Positive +2.3% Phase III SACHI trial results published in The Lancet confirming MET inhibition benefit.
Jan 06 ESLIM-02 topline Positive +6.6% Phase III ESLIM-02 sovleplenib topline met durable hemoglobin response primary endpoint.
Jan 04 Phase III upgrade Positive -2.0% Initiated Phase III stage of surufatinib + camrelizumab combo in pancreatic cancer.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Clinical updates are generally positive, but price reactions are mixed, with both rallies and selloffs following favorable data.

Recent Company History

Over the last few months, HUTCHMED has issued multiple clinical trial updates across its pipeline, including Phase III data for sovleplenib in wAIHA and other late‑stage programs like SACHI and surufatinib combinations. Reactions ranged from a 6.62% gain on positive ESLIM‑02 topline data (Jan 6, 2026) to declines after other favorable readouts. Today’s detailed ESLIM‑02 EHA presentation fits this pattern of strong data against a volatile trading backdrop.

Historical Comparison

+1.4% avg move · In the past year, HCM’s 5 clinical-trial headlines saw an average move of 1.38%. Today’s -1.75% pre-...
clinical trial
+1.4%
Average Historical Move clinical trial

In the past year, HCM’s 5 clinical-trial headlines saw an average move of 1.38%. Today’s -1.75% pre-news level sits at the weaker end of those outcomes despite strong ESLIM-02 data.

Clinical-trial news shows steady advancement from Phase III initiations and pivotal readouts to peer-reviewed publications and detailed conference presentations, including sovleplenib’s evolution from topline ESLIM-02 results to full EHA data.

Regulatory & Risk Context

Short Interest: 0.12%
Short Interest
0.12% of shares outstanding
as of 2026-05-29 Days to cover: 4.33

Key Terms

phase iii, new drug application, priority review, breakthrough therapy designation, +4 more
8 terms
phase iii medical
"results from the Phase III part of the ESLIM-02 study of sovleplenib"
A Phase III trial is the late-stage clinical study that tests whether a medical treatment works and is safe in a large group of patients, often comparing it to standard care. Think of it as a final dress rehearsal or full-scale road test before regulators decide on approval; positive or negative results strongly influence a drug maker’s chance to sell the treatment, future revenue, and investment risk.
new drug application regulatory
"a New Drug Application (“NDA”) for sovleplenib for the treatment of adult patients"
A new drug application is a formal request submitted to government regulators seeking approval to market a new medicine. It is like a detailed proposal that shows the drug has been tested for safety and effectiveness. For investors, receiving approval signals that the drug may soon become available for sale, potentially leading to revenue growth and impacting the company's value.
priority review regulatory
"has been accepted for review and granted priority review by the China National"
Priority review is a regulatory fast-track that shortens the time an agency spends evaluating a drug, vaccine or medical device application so a decision comes sooner than normal. For investors, it matters because a faster review is like an express lane to market: it can speed revenue potential and reduce regulatory uncertainty, but it does not guarantee approval and still requires the product to meet safety and effectiveness standards.
breakthrough therapy designation regulatory
"The NMPA granted Breakthrough Therapy Designation to sovleplenib for the treatment"
A breakthrough therapy designation is a regulatory fast-track given to a drug or treatment that shows early signs of providing a major improvement over existing options for a serious condition. Think of it as a VIP lane that can speed up development and more intensive guidance from regulators, which matters to investors because it can shorten time to market, reduce development risk and potentially increase a company’s value — though it does not guarantee approval.
randomized, double blind, placebo-controlled technical
"ESLIM-02 is a randomized, double blind, placebo-controlled China Phase II/III study"
A randomized, double-blind, placebo-controlled study is a type of medical test where people are assigned by chance to receive either the new treatment or an inactive lookalike (placebo), neither the participants nor the researchers know who got which, and outcomes are then compared. This design is like flipping a coin and judging results with a blindfolded referee: it minimizes bias and gives investors more trustworthy evidence about whether a drug works and is safe, which affects approval chances, market value, and investment risk.
treatment-emergent adverse events medical
"Grade ≥3 treatment-emergent adverse events (“TEAE”) were reported in 43% patients"
Events or symptoms that either appear for the first time or get worse after a patient starts a treatment; think of new or intensified side effects that show up once medicine or a medical device is used. Investors watch these closely because they affect whether a therapy can gain regulatory approval, be prescribed widely, or face legal and commercial setbacks—similar to how early customer complaints can sink a new product’s prospects.
hemoglobin medical
"Sovleplenib demonstrated rapid and durable hemoglobin response with favorable safety"
Hemoglobin is a protein inside red blood cells that carries oxygen from the lungs to the body's tissues and returns carbon dioxide for disposal, like trucks transporting fuel to factories. Investors care because hemoglobin levels are a basic indicator of health that affect demand for drugs, diagnostics and treatments, influence outcomes in clinical trials, and can impact workforce productivity and healthcare costs—factors that affect company revenues and valuations.
red blood cell transfusion medical
"fewer patients received red blood cell transfusion (11% vs 43%)"
A red blood cell transfusion is a medical procedure in which donated red blood cells are given to a patient through an intravenous line to restore the blood’s capacity to carry oxygen. Investors care because demand for transfusions affects hospitals’ patient volumes, the market for blood products and testing, and the revenue and regulatory risk for companies involved in blood collection, storage and related medical supplies — like replacing a depleted part to keep a machine running.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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— Sovleplenib demonstrated rapid and durable hemoglobin response with favorable safety profile —

—The ESLIM-02 study underscores sovleplenib’s potential to address critical unmet needs in a treatment landscape currently devoid of approved targeted therapies  —

HONG KONG and SHANGHAI and FLORHAM PARK, N.J., June 12, 2026 (GLOBE NEWSWIRE) -- HUTCHMED (China) Limited (“HUTCHMED”) (Nasdaq/AIM:HCM; HKEX:13) today announces results from the Phase III part of the ESLIM-02 study of sovleplenib in patients with warm antibody autoimmune hemolytic anemia (“wAIHA”) in China  were presented on Thursday, June 11, 2026 during the European Hematology Association (“EHA”) Congress in Stockholm, Sweden.

Supported by data from the ESLIM-02 study, a New Drug Application (“NDA”) for sovleplenib for the treatment of adult patients with wAIHA who have had an insufficient response to at least one previous glucocorticoid treatment has been accepted for review and granted priority review by the China National Medical Products Administration (“NMPA”) in April 2026. The NMPA granted Breakthrough Therapy Designation to sovleplenib for the treatment of wAIHA in March 2026. The ESLIM-02 presentation was selected for the official EHA Press Program.

Professor Bing Han of Peking Union Medical College Hospital, and co-leading Principal Investigator of the ESLIM-02 study, said: “The wAIHA treatment paradigm has remained stagnant for decades, with patients often trapped in a cycle of high-dose steroids and frequent relapses. The ESLIM-02 data are transformative as they demonstrate that targeting the Syk pathway can achieve both rapid and durable control of hemolysis. We are particularly encouraged by the robust data across all patient subgroups, regardless of their prior treatments. Sovleplenib’s ability to significantly reduce the need for rescue therapies and blood transfusions represents a major step forward in restoring the quality of life for these patients.”

ESLIM-02 is a randomized, double blind, placebo-controlled China Phase II/III study in adult patients with primary or secondary wAIHA who had relapsed or were refractory to at least one prior line of standard treatment (NCT05535933). Results from the Phase II part of the study were published in The Lancet Haematology in January 2025. In Phase III part of the study, 90 patients were randomized 1:1 to receive either sovleplenib (n=44) or placebo (n=46) at a dose of 300 mg once daily for 24 weeks.

The study met its primary endpoint, with sovleplenib demonstrating a significantly higher durable response rate during weeks 5–24 compared to placebo (66% vs 15%, p<0.0001). During the 24-week double-blind treatment period, sovleplenib demonstrated superior efficacy across several key metrics; specifically, the overall response rate—defined as hemoglobin (Hb) ≥100 g/L with an increase of ≥20 g/L from baseline without rescue therapy—was significantly increased (70% vs 22%, p<0.0001). The use of protocol-defined rescue therapy was significantly reduced with sovleplenib (16% vs 54%, p=0.0001), fewer patients received red blood cell transfusion (11% vs 43%) and higher patients with tapering or discontinuation of glucocorticoids or other baseline concomitant anti-wAIHA therapies (50% vs 15%, p=0.003​).

Median time to response was 3.1 weeks for sovleplenib versus 6.3 weeks for placebo, while the median cumulative duration of response among overall responders was 16.1 versus 6.1 weeks, respectively. Additionally, an improvement in hemolytic markers was observed with sovleplenib compared with placebo, showing an alleviation of active hemolysis.

These efficacy findings remained consistent across all sensitivity analyses, and all subgroup analyses further supported the primary endpoint results. Notably, in patients who had received prior rituximab therapy, the durable response rate continued to favor sovleplenib over placebo (69% vs 16%, p=0.0022).

Sovleplenib demonstrated a favorable safety profile. Grade ≥3 treatment-emergent adverse events (“TEAE”) were reported in 43% patients in the sovleplenib arm and 59% patients in the placebo arm. The most common Grade ≥3 TEAEs, occurring in at least 10% of patients, were warm autoimmune hemolytic anemia (18% vs 43%) and upper respiratory tract infection (2% vs 11%). There were no TEAE-related deaths or treatment discontinuations reported in the sovleplenib group.

Details of the presentation are as follows:

Title: A randomized, double-blind, placebo-controlled Phase 3 study of ESLIM-02 for efficacy and safety of sovleplenib (HMPL-523) in patients with warm autoimmune hemolytic anemia in China
Lead Author: Bing Han, Peking Union Medical College Hospital, Chinese Academy of Medical Science, Beijing, China
Session: Oral Session (Targeted therapies in rare red cell and metabolic disorders)
Presentation ID:  S301
Date & Time: Thursday, 11 June 2026, 17:00 CEST
Location: A13 Hall
   

About Sovleplenib and wAIHA

Sovleplenib is a novel, investigational, selective small molecule inhibitor for oral administration targeting Syk. Syk is a major component in B-cell receptor and Fc receptor signaling and is an established target for the treatment of multiple subtypes of B-cell lymphomas and autoimmune disorders.

The accelerated clearance of antibody-coated RBCs by immunoglobulin Fc-gamma receptor (FcγR) bearing macrophages is thought to be the pathogenic mechanism in wAIHA.1 Activated Syk mediates downstream signaling of the activated Fc receptors in phagocytic cells, resulting in phagocytosis of RBCs.2 In addition, activation of Syk through the B-cell receptor mediates activation and differentiation of B-lymphocytes into antibody secreting plasma cells.3 Inhibition of Syk may have potential effects in the treatment of wAIHA through inhibition of phagocytosis and reduction of antibody production.

In addition to wAIHA, sovleplenib is also being studied in immune thrombocytopenia (“ITP”). Positive results from ESLIM-01 (NCT05029635), a Phase III trial in China of sovleplenib in patients with primary ITP, have been published in The Lancet Haematology. The NMPA accepted for review the resubmitted NDA filing for the treatment of ITP and granted it priority review in February 2026. According to IQVIA, China has 430,000 existing patients with 41,000 new ITP patients each year. About half of ITP patients fail to have satisfactory results from currently approved treatments such as TPO (thrombopoietin) / TPO-RAs (thrombopoietin receptor agonists).

HUTCHMED currently retains all rights to sovleplenib worldwide.

About HUTCHMED

HUTCHMED (Nasdaq/AIM:HCM; HKEX:13) is an innovative, commercial-stage, biopharmaceutical company. It is committed to the discovery and global development and commercialization of targeted therapies and immunotherapies for the treatment of cancer and immunological diseases. Since inception it has focused on bringing drug candidates from in-house discovery to patients around the world, with its first three medicines marketed in China, the first of which is also approved around the world including in the US, Europe and Japan. For more information, please visit: www.hutch-med.com or follow us on LinkedIn.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect HUTCHMED’s current expectations regarding future events, including but not limited to its expectations regarding the therapeutic potential of sovleplenib, the further clinical development for sovleplenib, its expectations as to whether any studies on sovleplenib would meet their primary or secondary endpoints, and its expectations as to the timing of the completion and the release of results from such studies. Such risks and uncertainties include, among other things, assumptions regarding enrollment rates and the timing and availability of subjects meeting a study’s inclusion and exclusion criteria; changes to clinical protocols or regulatory requirements; unexpected adverse events or safety issues; the ability of sovleplenib, including as combination therapies, to meet the primary or secondary endpoint of a study, to obtain regulatory approval in different jurisdictions and to gain commercial acceptance after obtaining regulatory approval; the potential markets of sovleplenib for a targeted indication, and the sufficiency of funding. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. For further discussion of these and other risks, see HUTCHMED’s filings with the US Securities and Exchange Commission, The Stock Exchange of Hong Kong Limited and on AIM. HUTCHMED undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise.

Medical Information

This press release contains information about products that may not be available in all countries, or may be available under different trademarks, for different indications, in different dosages, or in different strengths. Nothing contained herein should be considered a solicitation, promotion or advertisement for any prescription drugs including the ones under development.

CONTACTS

Investor Enquiries+852 2121 8200 / ir@hutch-med.com
  
Media Enquiries 
FTI Consulting –+44 20 3727 1030 / HUTCHMED@fticonsulting.com
Ben Atwell / Tim Stamper+44 7771 913 902 (Mobile) / +44 7779 436 698 (Mobile)
Brunswick – Zhou Yi+852 9783 6894 (Mobile) / HUTCHMED@brunswickgroup.com
  
Panmure LiberumNominated Advisor and Joint Broker
Atholl Tweedie / Emma Earl / Rupert Dearden+44 20 7886 2500
  
CavendishJoint Broker
Geoff Nash / Nigel Birks+44 20 7220 0500
  
Deutsche NumisJoint Broker
Duncan Monteith / Ramin Naji+44 20 7545 8000


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REFERENCES

1 Barros MM, Blajchman MA, Bordin JO. Warm autoimmune hemolytic anemia: recent progress in understanding the immunobiology and the treatment. Transfus Med Rev. 2010; 24(3):195‐210. doi: 10.1016/j.tmrv.2010.03.002.
2 Barcellini W, Fattizzo B, Zaninoni A. Current and emerging treatment options for autoimmune hemolytic anemia. Expert Rev Clin Immunol. 2018; 14(10):857‐872. doi: 10.1080/1744666x.2018.1521722.
3 Davidzohn N, Biram A, Stoler‐Barak L, Grenov A, Dassa B, Shulman Z. SYK degradation restrains plasma cell formation and promotes zonal transitions in germinal centers. J Exp Med. 2020; 217(3):e20191043. doi: 10.1084/jem.20191043.
   



FAQ

What did HUTCHMED (HCM) announce about sovleplenib Phase III ESLIM-02 results in wAIHA?

HUTCHMED announced that the Phase III ESLIM-02 trial in wAIHA met its primary endpoint. According to HUTCHMED, sovleplenib achieved a 66% durable hemoglobin response between weeks 5–24, compared with 15% for placebo, and improved multiple secondary efficacy measures.

How effective was sovleplenib in improving hemoglobin and reducing rescue therapy in the ESLIM-02 study?

Sovleplenib showed higher hemoglobin responses and reduced rescue treatments versus placebo. According to HUTCHMED, overall response rate reached 70% vs 22%, while protocol-defined rescue therapy use fell to 16% vs 54%, with fewer red blood cell transfusions in the sovleplenib arm.

What safety profile did sovleplenib show in HUTCHMED’s Phase III ESLIM-02 wAIHA trial?

Sovleplenib demonstrated a generally favorable safety profile compared with placebo. According to HUTCHMED, Grade ≥3 treatment-emergent adverse events occurred in 43% of sovleplenib patients vs 59% on placebo, with no treatment-emergent adverse event–related deaths or discontinuations in the sovleplenib group.

What regulatory milestones has sovleplenib achieved in China for treating wAIHA?

Sovleplenib has reached key regulatory review stages in China for wAIHA. According to HUTCHMED, the China NMPA accepted the New Drug Application in April 2026 with priority review, after granting Breakthrough Therapy Designation for wAIHA in March 2026.

How did sovleplenib perform in wAIHA patients previously treated with rituximab in ESLIM-02?

Sovleplenib maintained efficacy in patients with prior rituximab exposure. According to HUTCHMED, the durable response rate in this subgroup was 69% for sovleplenib versus 16% for placebo, with a reported p-value of 0.0022 supporting this difference.

When and where were HUTCHMED’s sovleplenib ESLIM-02 Phase III data presented?

The Phase III ESLIM-02 data were presented at the EHA 2026 Congress. According to HUTCHMED, the oral session took place on Thursday, 11 June 2026, at 17:00 CEST in A13 Hall in Stockholm, Sweden, and was included in the official EHA Press Program.