HUTCHMED (China) Limited (HCM)

Sector:

Pharma and Biotech

Index:

FTSE AIM 100

237.00p
   
  • Change Today:
    -1.00p
  • 52 Week High: 352.00p
  • 52 Week Low: 192.40p
  • Currency: UK Pounds
  • Shares Issued: 871.60m
  • Volume: 232,950
  • Market Cap: £2,065.69m
  • RiskGrade: 226
  • Beta: 1.07

Hutchmed reports progress on two oncology fronts

By Josh White

Date: Tuesday 12 Sep 2023

LONDON (ShareCast) - (Sharecast News) - Hutchmed China reported significant strides in oncology research on Tuesday, completing patient enrollment for a bridging study of tazemetostat, and announcing pivotal results for the phase 3b clinical trial of savolitinib.
The AIM-traded firm said it had wrapped up the enrollment of patients in its multicentre, open-label, phase two study of tazemetostat for treating relapsed or refractory follicular lymphoma (R/R FL) in China.

It said the study aimed to assess the drug's efficacy, safety, and pharmacokinetics, especially in patients with R/R FL having EZH2 mutations.

Dr Junning Cao of Shanghai Fudan University Cancer Center was overseeing the study, which has enrolled a total of 42 patients.

Tazemetostat, a methyltransferase inhibitor of EZH2 developed by Epizyme, an Ipsen company, received FDA accelerated approval in 2020 for treating specific patients with epithelioid sarcoma and R/R FL.

Hutchmed said it was collaborating to develop, manufacture, and distribute tazemetostat across China, Hong Kong, Macau, and Taiwan.

Results from the phase 3b clinical trial of savolitinib for patients with MET exon 14 skipping alteration non-small cell lung cancer (NSCLC) were meanwhile recently unveiled at the IASLC 2023 World Conference on Lung Cancer in Singapore.

The company said the initial data showed promising outcomes, with a 60.7% objective response rate and a 95.2% disease control rate.

It said the trial was led by Shun Lu of the Shanghai Lung Cancer Center.

Globally, 2% to 3% of NSCLC patients have tumours with MET exon 14 skipping alterations.

Savolitinib, sold as 'Orpathys' by AstraZeneca, was described by Hutchmed as the pioneering selective MET inhibitor approved in China for the patient group.

Another e-poster at the conference highlighted the development of a quantitative continuous scoring (QCS) algorithm, which aimed to automate the identification process of patients likely to respond to treatment based on information from the phase two 'Savannah' study.

At 1009 BST, shares in Hutchmed China were down 1.34% in London, at 237.29p.

Reporting by Josh White for Sharecast.com.

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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 237.00p
Change Today -1.00p
% Change -0.42 %
52 Week High 352.00p
52 Week Low 192.40p
Volume 232,950
Shares Issued 871.60m
Market Cap £2,065.69m
Beta 1.07
RiskGrade 226

HCM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
68.52% below the market average68.52% below the market average68.52% below the market average68.52% below the market average68.52% below the market average
40% below the sector average40% below the sector average40% below the sector average40% below the sector average40% below the sector average
Price Trend
17.33% below the market average17.33% below the market average17.33% below the market average17.33% below the market average17.33% below the market average
51.02% above the sector average51.02% above the sector average51.02% above the sector average51.02% above the sector average51.02% above the sector average
Income Not Available
Growth
71.17% above the market average71.17% above the market average71.17% above the market average71.17% above the market average71.17% above the market average
87.88% above the sector average87.88% above the sector average87.88% above the sector average87.88% above the sector average87.88% above the sector average

HCM Dividends

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Trades for 20-Dec-2024

Time Volume / Share Price
16:39 5,906 @ 237.00p
16:35 1,120 @ 237.00p
16:35 15,000 @ 237.00p
16:35 183,392 @ 237.00p
16:35 127 @ 237.00p

HCM Key Personnel

Chair Dan Eldar
CEO Weiguo Su

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