HUTCHMED (China) Limited (HCM)

Sector:

Pharma and Biotech

Index:

FTSE AIM 100

280.00p
   
  • Change Today:
      2.00p
  • 52 Week High: 352.00
  • 52 Week Low: 192.40
  • Currency: UK Pounds
  • Shares Issued: 871.56m
  • Volume: 12,528
  • Market Cap: £2,440.37m
  • RiskGrade: 226
  • Beta: 1.20

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.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HCM Market Data

Currency UK Pounds
Share Price 280.00p
Change Today 2.00p
% Change 0.72 %
52 Week High 352.00
52 Week Low 192.40
Volume 12,528
Shares Issued 871.56m
Market Cap £2,440.37m
Beta 1.20
RiskGrade 226

HCM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
73.27% below the market average73.27% below the market average73.27% below the market average73.27% below the market average73.27% below the market average
32% below the sector average32% below the sector average32% below the sector average32% below the sector average32% below the sector average
Price Trend
16.39% above the market average16.39% above the market average16.39% above the market average16.39% above the market average16.39% above the market average
63.27% above the sector average63.27% above the sector average63.27% above the sector average63.27% above the sector average63.27% above the sector average
Income Not Available
Growth
71.12% above the market average71.12% above the market average71.12% above the market average71.12% above the market average71.12% 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

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Trades for 25-Nov-2024

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14:30 1,035 @ 277.00p

HCM Key Personnel

Chair Dan Eldar
CEO Weiguo Su

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