HUTCHMED (China) Limited (HCM)

Sector:

Pharma and Biotech

Index:

FTSE AIM 100

 288.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 352.00
  • 52 Week Low: 179.20
  • Currency: UK Pounds
  • Shares Issued: 871.26m
  • Volume: 0
  • Market Cap: £2,509.24m
  • RiskGrade: 226

Hutchmed China launches two cancer treatment trials

By Josh White

Date: Tuesday 14 May 2024

LONDON (ShareCast) - (Sharecast News) - Hutchmed China announced the start of two significant clinical trials on Tuesday, aimed at addressing critical unmet needs in cancer treatment.
The AIM-traded firm first announced the launch of a phase two and three trial evaluating the efficacy of a combination therapy for metastatic pancreatic ductal adenocarcinoma (PDAC) in collaboration with Jiangsu Hengrui Pharmaceuticals.

It said the trial would focus on assessing the potential of surufatinib, camrelizumab, nab-paclitaxel, and gemcitabine as a first-line treatment.

Hutchmed described PDAC as a highly aggressive form of cancer with a dismal five-year survival rate, which affected over 90% of pancreatic cancer cases globally.

The trial aimed to enrol patients who had not undergone prior systemic anti-tumour therapy and would assess endpoints such as overall survival, objective response rate, and safety parameters.

"Emerging data including those from an investigator-initiated study presented at the ASCO Gastrointestinal Cancers Symposium demonstrated that combinations of surufatinib, camrelizumab and chemotherapy have promising efficacy in comparison with existing chemotherapy-based treatments in metastatic PDAC," said Hutchmed's chief executive and chief scientific officer, Dr Weiguo Su.

"We hope that this partnership will enable us to bring new, potentially life-changing treatment options to patients."

In the second announcement, Hutchmed unveiled the start of the 'RAPHAEL' phase three trial for HMPL-306 in patients with mutated isocitrate dehydrogenase (IDH) 1 or 2 relapsed/refractory acute myeloid leukaemia (AML).

It said HMPL-306, a dual-inhibitor of IDH1 and IDH2 enzymes, targets mutations implicated in various malignancies.

The trial was designed to evaluate its safety and efficacy as a monotherapy against current salvage chemotherapy regimens.

With mutations in IDH1 and IDH2 identified as drivers of AML and other cancers, HMPL-306 presented a promising approach to overcome acquired resistance to single IDH inhibitors, Hutchmed explained.

At 1244 BST Hutchmed China shares were down 1.14% at 346p.

Reporting by Josh White for Sharecast.com.

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HCM Market Data

Currency UK Pounds
Share Price 288.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 352.00
52 Week Low 179.20
Volume 0
Shares Issued 871.26m
Market Cap £2,509.24m
RiskGrade 226

HCM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
72.71% below the market average72.71% below the market average72.71% below the market average72.71% below the market average72.71% below the market average
45.1% below the sector average45.1% below the sector average45.1% below the sector average45.1% below the sector average45.1% below the sector average
Price Trend
73.79% above the market average73.79% above the market average73.79% above the market average73.79% above the market average73.79% above the market average
92.45% above the sector average92.45% above the sector average92.45% above the sector average92.45% above the sector average92.45% above the sector average
Income Not Available
Growth
67.54% above the market average67.54% above the market average67.54% above the market average67.54% above the market average67.54% 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

No dividends found

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HCM Key Personnel

Chair Dan Eldar
CEO Weiguo Su

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