HUTCHMED (China) Limited (HCM)

Sector:

Pharma and Biotech

Index:

FTSE AIM 100

323.00p
   
  • Change Today:
    -1.00p
  • 52 Week High: 352.00p
  • 52 Week Low: 173.60p
  • Currency: UK Pounds
  • Shares Issued: 871.26m
  • Volume: 2,416
  • Market Cap: £2,814.16m
  • RiskGrade: 226

Hutchison Chi-Med enters four new drug test collaborations

By Josh White

Date: Thursday 29 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Hutchison China MediTech, doing business as Chi-Med, has entered into four collaboration agreements to evaluate the safety, tolerability and efficacy of its 'surufatinib' (HMPL-012 or sulfatinib) and 'fruquintinib' products, in combination with checkpoint inhibitors.
The AIM-traded firm said it was an important part of its strategy to explore the potential synergies of its drug candidates, in combination with other anticancer treatments.

It said the four new immunotherapy collaborations added to its ongoing studies combining 'savolitinib', its "highly selective" c-Met inhibitor, with AstraZeneca's checkpoint inhibitor, 'durvalumab' (Imfinzi).

On Thursday, Chi-Med confirmed the first steps to develop its vascular endothelial growth factor receptor (VEGFR) inhibitors, surufatinib and fruquintinib, in combination with various programmed cell death protein-1 (PD-1) monoclonal antibodies in several solid tumor settings.

Those included a global collaboration to evaluate the combination of surufatinib with toripalimab (JS001), a PD-1 monoclonal antibody being developed by Shanghai Junshi Biosciences; a global collaboration to evaluate the combination of fruquintinib with sintilimab (IBI308), a PD-1 monoclonal antibody being developed by Innovent Biologics Suzhou; a collaboration in China to evaluate the combination of surufatinib with HX008, a PD-1 monoclonal antibody being developed by Taizhou Hanzhong Pharmaceuticals; and a collaboration in China to evaluate the combination of fruquintinib with genolimzumab (GB226), a PD-1 monoclonal antibody being developed by Genor Biopharma.

Chi-Med said the global market for angiogenesis inhibitors was more than $18bn in 2017, based on their use in around 30 different tumour settings.

Each of the agreements announced would pursue different initial indications within the field of solid tumours, the board confirmed.

"Recent innovations in solid tumor drugs have focused on targeted therapies and immunotherapies which, as monotherapies, have both provided improved patients outcomes," said Chi-Med chief executive Christian Hogg.

"We believe that the future of oncology treatments increasingly lies in combining therapies, utilizing multiple mechanisms of action to confront tumors.

"Our unique next-generation anti-angiogenesis VEGFR inhibitors, with high selectivity and tolerability, make them ideal candidates for such combinations with immunotherapy agents such as PD-1/L1 monoclonal antibodies to prolong and expand the benefits of these therapies to more patients."

Chi-Med said its proof-of-concept studies had already demonstrated the benefits of combinations with other kinase inhibitors or with chemotherapy.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HCM Market Data

Currency UK Pounds
Share Price 323.00p
Change Today -1.00p
% Change -0.31 %
52 Week High 352.00p
52 Week Low 173.60p
Volume 2,416
Shares Issued 871.26m
Market Cap £2,814.16m
RiskGrade 226

HCM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.13% below the market average75.13% below the market average75.13% below the market average75.13% below the market average75.13% below the market average
60.78% below the sector average60.78% below the sector average60.78% below the sector average60.78% below the sector average60.78% below the sector average
Price Trend
78.92% above the market average78.92% above the market average78.92% above the market average78.92% above the market average78.92% above the market average
92.59% above the sector average92.59% above the sector average92.59% above the sector average92.59% above the sector average92.59% above the sector average
Income Not Available
Growth
67.71% above the market average67.71% above the market average67.71% above the market average67.71% above the market average67.71% above the market average
88.24% above the sector average88.24% above the sector average88.24% above the sector average88.24% above the sector average88.24% above the sector average

HCM Dividends

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Trades for 20-May-2024

Time Volume / Share Price
10:05 1,562 @ 320.12p
10:04 1 @ 320.01p
09:44 157 @ 320.40p
09:02 96 @ 323.00p
08:57 154 @ 321.95p

HCM Key Personnel

Chair Dan Eldar
CEO Weiguo Su

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