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: 696
  • Market Cap: £2,814.16m
  • RiskGrade: 226

Hutchmed reports positive results from recent fruquintinib study

By Josh White

Date: Monday 14 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Hutchmed China announced initial results from the 'FRUTIGA' phase 3 study of fruquintinib combined with paclitaxel in 703 Chinese patients with advanced gastric or gastroesophageal junction (GEJ) adenocarcinoma on Monday.
The AIM-traded firm said the trial was positive, having met one of the primary endpoints of statistically-significant improvement in progression-free survival.

It said the other primary endpoint of overall survival was not statistically significant per the pre-specified statistical plan, although there was an improvement in median overall survival.

Fruquintinib also demonstrated a statistically-significant improvement in secondary endpoints including objective response rate, disease control rate, and improved duration of response.

The company said the safety profile of fruquintinib in FRUTIGA was consistent with previously-reported studies.

"The combination of fruquintinib and paclitaxel demonstrated significant clinical benefits for these patients in controlling this disease," said chief executive and chief scientific officer Dr Weiguo Su.

"Our team will continue to analyse the data and discuss these findings with the NMPA for possible New Drug Application filing."

Hutchmed said it retained all commercial rights to fruquintinib outside of China.

In China, where fruquintinib is marketed under the brand name 'Elunate', the company has partnered with Eli Lilly and Company.

It said it was responsible for the development and execution of all on-the-ground medical detailing, promotion and local and regional marketing, adding that fruquintinib was not approved for use outside China.

At 0922 GMT, shares in Hutchmed China were up 15.71% at 190p.

Reporting by Josh White for Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


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 696
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

No dividends found

Trades for 20-May-2024

Time Volume / Share Price
09:02 96 @ 323.00p
08:57 154 @ 321.95p
08:23 2 @ 324.97p
08:00 148 @ 323.00p
08:00 148 @ 324.00p

HCM Key Personnel

Chair Dan Eldar
CEO Weiguo Su

Top of Page