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HUTCHMED (China) Limited American Depositary Shares - HCM STOCK NEWS

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.

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HUTCHMED has commenced a Phase I clinical trial for its menin inhibitor, HMPL-506, targeting hematological malignancies in China. The trial, starting on May 31, 2024, involves a multicenter, open-label study designed to assess the safety, pharmacokinetics, and efficacy of HMPL-506. It consists of two parts: dose escalation and dose expansion, with plans to enroll at least 60 patients. Leading the study are Dr. Jianxiang Wang and Dr. Hui Wei from the Chinese Academy of Medical Sciences Blood Diseases Hospital. More information is available on clinicaltrials.gov under identifier NCT06387082.

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HUTCHMED announced the publication of Phase III FRUTIGA trial results for fruquintinib in combination with paclitaxel for second-line advanced gastric cancer in Nature Medicine. Highlighted at ASCO 2024, the trial showed statistically significant improvement in progression-free survival (PFS) with median PFS of 5.6 months versus 2.7 months for paclitaxel alone. While overall survival (OS) improved (9.6 months vs. 8.4 months), it was not statistically significant. Fruquintinib was well-tolerated with consistent safety profiles. Additional subgroup analyses revealed particular efficacy in intestinal-type and lymph node metastasis patients. The findings support fruquintinib as a viable treatment option.

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HUTCHMED (China) announced it will present new and updated data from several studies at the 2024 ASCO Annual Meeting. Key highlights include the Phase II study of fruquintinib combined with sintilimab in endometrial cancer patients, showing an objective response rate (ORR) of 35.6%, disease control rate (DCR) of 88.5%, and median progression-free survival (PFS) of 9.5 months. The study supported a New Drug Application (NDA) in China. Additionally, updated data from the Phase III FRUTIGA study in gastric cancer, and data from the FRESCO and FRESCO-2 studies in colorectal cancer will be presented. Other presentations include studies on surufatinib and the ERK1/2 inhibitor HMPL-295.

The ASCO Annual Meeting will take place from May 31 to June 4, 2024, in Chicago, IL, and online.

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HUTCHMED (HCM) announced key changes in its leadership on May 17, 2024. Mr. Simon To retired from his role as Chairman and Executive Director after 23 years with the company, citing personal and health reasons. Dr. Dan Eldar, a Non-executive Director since 2016 with over 30 years of experience in various sectors, has been appointed as the new Chairman. These changes will take effect immediately. Dr. Eldar will also join the Nomination and Technical Committees, while Ms. Edith Shih will join the Remuneration Committee. Mr. To will remain a Strategic Advisor to HUTCHMED. The board expressed deep gratitude to Mr. To for his significant contributions.

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HUTCHMED announced that key data from the Phase III ESLIM-01 study of sovleplenib and other hematological malignancy treatments will be presented at EHA2024. The ESLIM-01 study showed a 48.4% durable response rate for sovleplenib in primary ITP patients, significantly higher than the placebo. Safety profiles showed comparable TEAEs between sovleplenib (25.4%) and placebo (24.2%). Additional Phase II data on sovleplenib for wAIHA showed a 43.8% overall response rate in the first 8 weeks. Presentation details include various other investigational therapies like HMPL-306, HMPL-760, and tazemetostat.

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HUTCHMED has commenced a Phase II/III trial exploring the efficacy of a combination therapy involving surufatinib, camrelizumab, nab-paclitaxel, and gemcitabine as a first-line treatment for metastatic pancreatic ductal adenocarcinoma (PDAC). The trial began on May 8, 2024, and aims to enroll 500 patients after an initial safety run-in stage, with the primary endpoint being overall survival (OS). Secondary endpoints include objective response rate (ORR), progression-free survival (PFS), and safety. PDAC is a particularly aggressive cancer with a five-year survival rate of less than 10%, and existing treatments have not shown significant improvement in patient outcomes.

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HUTCHMED has initiated a Phase III clinical trial of HMPL-306 for relapsed/refractory acute myeloid leukemia (AML) patients with IDH1/IDH2 mutations in China. The trial, named RAPHAEL, started dosing the first patient on May 11, 2024. HMPL-306 is a dual-inhibitor targeting both IDH1 and IDH2 mutations, potentially overcoming resistance seen with single inhibitors. The trial aims to enroll around 320 patients and will compare HMPL-306's effectiveness and safety to current chemotherapy regimens. Key endpoints include overall survival, event-free survival, and complete remission rates. Previous Phase I data showed promising results, with more data expected in June 2024.

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HUTCHMED announces the appointment of Dr. Renu Bhatia as an Independent Non-executive Director and member of the Technical Committee, bringing over 25 years of experience in healthcare, finance, fintech, and regulation. Dr. Bhatia's extensive expertise is expected to enhance the skill set and knowledge base of the Board. Her background includes roles in investment banking, asset management, venture capital, and compliance. The appointment is set to take effect on May 13, 2024.

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HUTCHMED announces that its partner Takeda has received a positive CHMP opinion for fruquintinib in treating previously treated metastatic colorectal cancer in the EU. If approved, fruquintinib will be the first targeted therapy for this cancer type in over a decade. The opinion is based on results from the Phase III FRESCO-2 trial.

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HUTCHMED announces new data on compounds for cancer treatment at AACR Annual Meeting 2024, showcasing promising results for potential treatments.
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FAQ

What is the current stock price of HUTCHMED (China) American Depositary Shares (HCM)?

The current stock price of HUTCHMED (China) American Depositary Shares (HCM) is $14.31 as of December 20, 2024.

What is the market cap of HUTCHMED (China) American Depositary Shares (HCM)?

The market cap of HUTCHMED (China) American Depositary Shares (HCM) is approximately 2.5B.

What does HUTCHMED China Ltd specialize in?

HUTCHMED China Ltd specializes in the development, production, and sale of pharmaceuticals, particularly targeting oncology and immunological diseases.

What are the key business segments of HUTCHMED?

HUTCHMED operates through three main business segments: Innovation Platform, Commercial Platform, and Production.

What are some of HUTCHMED's flagship products?

HUTCHMED's flagship products include Savolitinib and Sulfatinib, currently in various stages of clinical trials.

How does HUTCHMED contribute to the healthcare sector?

HUTCHMED contributes by developing innovative therapies for oncology and immunological diseases, enhancing patient care and addressing unmet medical needs.

What recent achievements has HUTCHMED made?

HUTCHMED recently presented promising subgroup efficacy and quality of life data at ASCO 2024.

What financial position does HUTCHMED hold?

HUTCHMED maintains a robust pipeline and collaborates with global pharmaceutical giants, strengthening its market position.

Who are HUTCHMED's partners?

HUTCHMED collaborates with several global pharmaceutical companies to enhance its research and development capabilities.

What is the focus of HUTCHMED's Innovation Platform?

The Innovation Platform focuses on discovering new drug candidates and advancing them through clinical trials.

How does HUTCHMED's Commercial Platform function?

The Commercial Platform involves the marketing and distribution of HUTCHMED's pharmaceutical products, primarily in China.

What standards does HUTCHMED's Production segment follow?

HUTCHMED's Production segment adheres to stringent quality standards to ensure the efficacy and safety of its drugs.

HUTCHMED (China) Limited American Depositary Shares

Nasdaq:HCM

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2.48B
174.10M
0.13%
4.29%
0.31%
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