Welcome to our dedicated page for HUTCHMED (China) American Depositary Shares news (Ticker: HCM), a resource for investors and traders seeking the latest updates and insights on HUTCHMED (China) American Depositary Shares stock.
HUTCHMED China Ltd, formerly known as Hutchison China Meditech Ltd, is a prominent player in the healthcare sector, focusing primarily on the manufacturing and sale of pharmaceuticals. The company is engaged in the development, production, and commercialization of therapies targeting oncology and immunological diseases. HUTCHMED operates through three main business segments: Innovation Platform, Commercial Platform, and Production.
Within the Innovation Platform, HUTCHMED dedicates extensive resources to research and development, aiming to discover novel drug candidates and advance them through clinical trials. The Commercial Platform includes the marketing and distribution aspects, where the company leverages its significant presence in China to bring its products to market. The Production segment focuses on the manufacturing of these drugs, following stringent quality standards.
HUTCHMED has achieved several milestones, including the development of its flagship products such as Savolitinib and Sulfatinib, which are undergoing various stages of clinical trials. Recent updates indicate promising subgroup efficacy and improved quality of life data, as presented at ASCO 2024. These advancements underline the company's commitment to addressing unmet medical needs and enhancing patient care.
Financially, HUTCHMED maintains a robust pipeline of projects and collaborations with global pharmaceutical giants, bolstering its position in the market. The company's strategic partnerships and alliances play a crucial role in expanding its research capabilities and accelerating drug development processes.
Overall, HUTCHMED China Ltd stands as a noteworthy entity in the pharmaceutical industry, continually striving to innovate and improve its product offerings to meet the growing healthcare demands in China and beyond.
HUTCHMED (HCM) announced its Hong Kong public offering alongside a global offering of 104 million new ordinary shares. The offering includes 13 million shares for the Hong Kong Public Offering and 91 million for international investors, with a maximum offer price set at HK$45.00 per share. Cornerstone investors, including The Carlyle Group and Canada Pension Plan, have committed to investing approximately HK$2.535 billion. Proceeds will primarily fund late-stage clinical programs and enhance commercialization capabilities. The Hong Kong Public Offering operates an electronic application process and runs from June 18 to June 23, 2021.
Innovent Biologics and HUTCHMED announced Phase 1b results for the combination of TYVYT® (sintilimab) and ELUNATE® (fruquintinib) in advanced colorectal cancer at the ASCO Annual Meeting. The study involved 44 patients with prior treatment failures, showing an objective response rate of 22.7%. Median progression-free survival was 5.6 months overall, with 6.9 months for the 5mg-intermittent dosage group. The safety profile was manageable, suggesting potential for future trials.
HUTCHMED (Nasdaq/AIM: HCM) will present updates on its ongoing studies of savolitinib, surufatinib, fruquintinib, and HMPL-306 at the ASCO21 Virtual Scientific Program from June 4-8, 2021. Key data will include analyses of savolitinib's efficacy in MET-driven metastatic renal cancer, interim results of surufatinib in neuroendocrine tumors, and preliminary findings on fruquintinib in advanced colorectal cancer. A corporate update will be provided in a call on May 26, 2021, at 9 a.m. EDT.
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.
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