HUTCHMED (China) Limited (HCM)

Sector:

Pharma and Biotech

Index:

FTSE AIM 100

256.00p
   
  • Change Today:
      24.00p
  • 52 Week High: 352.00p
  • 52 Week Low: 211.00p
  • Currency: UK Pounds
  • Shares Issued: 871.60m
  • Volume: 155,774
  • Market Cap: £2,231.30m
  • RiskGrade: 226

Hutchmed lung cancer therapy gets breakthrough designation in China

By Josh White

Date: Thursday 12 Dec 2024

LONDON (ShareCast) - (Sharecast News) - Hutchmed China announced on Thursday that the Center for Drug Evaluation of China's National Medical Products Administration (NMPA) has granted breakthrough therapy designation (BTD) to the combination of 'Orpathys', or savolitinib, and 'Tagrisso', or osimertinib.
The AIM-traded firm said the designation would apply to the treatment of patients with locally-advanced or metastatic epidermal growth factor receptor (EGFR) mutation-positive non-small cell lung cancer (NSCLC) with MET amplification after progression on EGFR inhibitor therapy.

It said the Orpathys and Tagrisso combination was being investigated in the phase three 'SACHI' trial in China.

It explained that the multi-centre, open-label study was comparing the efficacy and safety of the combination against platinum-based doublet chemotherapy, the current standard of care.

The trial's primary endpoint was progression-free survival (PFS), with secondary endpoints including overall survival, objective response rate, and safety.

BTD status is granted to therapies addressing life-threatening diseases or serious conditions with significant advantages over existing treatments.

The designation would allow for expedited development and review, potentially accelerating the time to bring the chemotherapy-free, biomarker-specific treatment to patients.

Hutchmed noted that NSCLC is the most common form of lung cancer, accounting for between 80% and 85% of cases.

Among patients with advanced EGFR-mutated NSCLC, MET amplification was a major mechanism of resistance to EGFR inhibitors, including third-generation therapies such as Tagrisso.

Approximately 15% to 50% of patients progressing on osimertinib presented with MET aberrations, underscoring the significance of targeting the pathway.

Orpathys, a selective MET tyrosine kinase inhibitor, was already approved in China for NSCLC patients with MET exon 14 skipping alterations.

It had been included in China's National Reimbursement Drug List since March 2023.

Tagrisso, an EGFR inhibitor developed by AstraZeneca, had meanwhile become a global standard of care for EGFRm NSCLC, supported by extensive clinical evidence.

Hutchmed said the combination of Orpathys and Tagrisso had shown promise in earlier studies, including the 'TATTON' and 'SAVANNAH' trials.

Encouraging data from the studies led to the initiation of three phase three trials - 'SACHI' in China, 'SANOVO' for treatment-naïve patients in China, and the global 'SAFFRON' trial.

The company said the trials aimed to establish the combination as a superior option for patients with MET-amplified EGFRm NSCLC.

Hutchmed and AstraZeneca are jointly developing and commercializing Orpathys.

While Hutchmed oversees development and supply in China, AstraZeneca was managing commercialisation efforts globally.

At 1139 GMT, shares in Hutchmed China were up 1.15% at 263p.

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 256.00p
Change Today 24.00p
% Change 10.34 %
52 Week High 352.00p
52 Week Low 211.00p
Volume 155,774
Shares Issued 871.60m
Market Cap £2,231.30m
RiskGrade 226

HCM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
46.99% below the market average46.99% below the market average46.99% below the market average46.99% below the market average46.99% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
17.1% below the market average17.1% below the market average17.1% below the market average17.1% below the market average17.1% below the market average
22.45% above the sector average22.45% above the sector average22.45% above the sector average22.45% above the sector average22.45% above the sector average
Income Not Available
Growth
45.54% below the market average45.54% below the market average45.54% below the market average45.54% below the market average45.54% below the market average
67.74% below the sector average67.74% below the sector average67.74% below the sector average67.74% below the sector average67.74% below the sector average

HCM Dividends

No dividends found

Trades for 01-Apr-2025

Time Volume / Share Price
16:36 500 @ 256.00p
16:35 500 @ 256.00p
16:35 500 @ 256.00p
16:35 500 @ 256.00p
16:35 500 @ 256.00p

HCM Key Personnel

Chair Dan Eldar
CEO Weiguo Su

Top of Page