HUTCHMED (China) Limited (HCM)

Sector:

Pharma and Biotech

Index:

FTSE AIM 100

222.00p
   
  • Change Today:
      3.50p
  • 52 Week High: 325.00p
  • 52 Week Low: 189.00p
  • Currency: UK Pounds
  • Shares Issued: 872.11m
  • Volume: 11,704
  • Market Cap: £1,936.09m
  • RiskGrade: 226

Hutchmed gets tazemetostat new drug application approved in China

By Josh White

Date: Thursday 04 Jul 2024

LONDON (ShareCast) - (Sharecast News) - Hutchmed China announced on Thursday that the China National Medical Products Administration (NMPA) has accepted its new drug application (NDA) for tazemetostat, granting it priority review for the treatment of adult patients with relapsed or refractory (R/R) follicular lymphoma (FL).

The AIM-traded firm said tazemetostat, developed by Epizyme, an Ipsen company, is a first-in-class methyltransferase inhibitor of EZH2.

It was already approved by the US Food and Drug Administration (FDA) for certain patients with R/R FL and advanced epithelioid sarcoma (ES) under the FDA's accelerated approval programme.

Additionally, the drug was approved by the Japan Ministry of Health, Labour and Welfare for specific R/R FL patients.

Hutchmed's strategic collaboration with Epizyme was focussed on the research, development, manufacturing, and commercialisation of tazemetostat in China, Hong Kong, Macau, and Taiwan.

The NDA in China was supported by data from a multicentre, open-label, phase two bridging study conducted in China, along with clinical studies by Epizyme outside of China.

Tazemetostat had been available in the Hainan Boao Lecheng International Medical Tourism Pilot Zone since May 2022 under the 'Clinically Urgently Needed Imported Drugs' scheme, for certain ES and FL patients consistent with the FDA-approved label.

The drug received approval in Macau in March last year, and in Hong Kong in May this year.

At 1434 BST, shares in Hutchmed China were down 1.13% at 270.9p.

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.

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HCM Market Data

Currency UK Pounds
Share Price 222.00p
Change Today 3.50p
% Change 1.60 %
52 Week High 325.00p
52 Week Low 189.00p
Volume 11,704
Shares Issued 872.11m
Market Cap £1,936.09m
RiskGrade 226

HCM Star Ratings

Compare performance with the sector and the market.
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Key: vs Market vs Sector
Value
43.68% below the market average43.68% below the market average43.68% below the market average43.68% below the market average43.68% below the market average
31.71% below the sector average31.71% below the sector average31.71% below the sector average31.71% below the sector average31.71% below the sector average
Price Trend
21.97% below the market average21.97% below the market average21.97% below the market average21.97% below the market average21.97% below the market average
27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average
Income Not Available
Growth
44.06% below the market average44.06% below the market average44.06% below the market average44.06% below the market average44.06% below the market average
86.21% below the sector average86.21% below the sector average86.21% below the sector average86.21% below the sector average86.21% below the sector average

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HCM Key Personnel

Chair Dan Eldar
CEO Weiguo Su

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