HUTCHMED (China) Limited - American Depositary Shares (HCM)
13.89
+0.37 (2.74%)
Hutchmed China Ltd is a biopharmaceutical company focused on the discovery, development, and commercialization of innovative medicines to address unmet medical needs, particularly in oncology and immunology
The company leverages its strong research capabilities and expertise in understanding Chinese and global markets to develop targeted therapies. Hutchmed is committed to bringing novel treatments to patients, with an emphasis on leveraging cutting-edge science and technology to advance cancer treatments and improve patient outcomes. Through its robust pipeline and strategic partnerships, the company aims to expand its impact in the rapidly evolving healthcare landscape.
Key Takeaways: Hutchmed’s U.S. sales jumped nearly 53% in the second quarter from the previous three months, boosted by uptake of the cancer drug Fruzaqla The company plans to focus on innovative drugs and said it might give up its traditional Chinese medicine business By Molly Wen
HUTCHMED announced that its New Drug Application for Tazemetostat for the treatment of relapsed or refractory follicular lymphoma was accepted in China with Priority Review status.
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Inmagene Biopharma of Shanghai transferred 7.5% of its shares to HutchMed for global rights to two clinical stage immunology assets. It will also be responsible for up to $230 million in milestones.
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