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Pin to quick picksHutchmed Share News (HCM)

Share Price Information for Hutchmed (HCM)

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Hutchison China Files US FDA Drug Application For Cancer Treatment

Tue, 29th Dec 2020 12:31

(Alliance News) - Hutchison China MediTech Ltd on Tuesday said it has initiated a new drug application filing to the US Food & Drug Administration for surufatinib, a treatment for pancreatic and non-pancreatic neuroendocrine tumours.

The China-based biopharmaceutical company received fast track designation from the FDA in April, which allows it to submit sections of the new drug application on a rolling basis. It said it plans to complete the rolling submission, which is its first in the US, during the first half of 2021.

Hutchison China said the NDA filing was due to positive results from its phase III Sanet-ep trial, which demonstrated that surufatinib reduced risk of progression or death in non-pancreatic NET patients by 67%, and reduced risk of progression or death in pancreatic NET patients by 51%, with an acceptable risk and benefit ratio for both.

Chief Medical Officer & Managing Director Marek Kania said: "There is a great need for additional therapies to treat neuroendocrine tumours, and surufatinib has demonstrated significant clinical benefit in patients with advanced tumours. The NDA filing to the US FDA represents a significant step toward our goal of commercialising surufatinib and other novel therapies globally."

Hutchison China said in September that its new drug application for surufatinib as a treatment for advanced pancreatic NET was accepted for review by China National Medical Products Administration.

Shares in Hutchison China were up 5.4% at 432.00 pence in London on Tuesday.

By Zoe Wickens; zoewickens@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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11 Mar 2022 10:38

IN BRIEF: Hutchmed China shares fall as US listing under threat

Hutchmed (China) Ltd - Hong Kong-based biopharmaceutical company - Says its depositary shares may be delisted from New York's Nasdaq exchange in early 2024 unless the Holding Foreign Companies Accountable Act is amended to exclude Hutchmed. The act is part of regulatory focus in the US on access to audit and other information. It requires the US Securities & Exchange Commission to prohibit the securities of any company from being traded on any of the US securities exchanges if the auditor of the company's financial statements is not subject to inspection by the US Public Co Accounting Oversight Board for three consecutive years. Another way for Hutchmed to be excluded from the act is if the PCAOB is able to conduct a full inspection of the company's auditor during the required timeframe.

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7 Mar 2022 10:04

Hutchmed receives USD15 million from AstraZeneca for Saffron progress

(Alliance News) - Hutchmed (China) Ltd on Monday said it has received USD15 million from AstraZeneca PLC as start-up activities for Saffron commenced.

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EARNINGS REPORTS: Elementis swings to profit; Hutchmed changes CEO

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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3 Mar 2022 12:54

Hutchmed China losses widen as it appoints new CEO

(Sharecast News) - Hutchmed China reported a 56% increase in total revenues in its full-year results on Thursday, to $356.1m (£266.17m), although its losses widened, as it announced the departure of its chief executive officer and the appointment of his replacement.

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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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24 Feb 2022 15:54

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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4 Feb 2022 10:36

Hutchmed starts new phase of probe on HMPL-453 as combination therapy

Hutchmed starts new phase of probe on HMPL-453 as combination therapy

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20 Jan 2022 11:03

Hutchmed begins phase one study for potential tumour treatment

Hutchmed begins phase one study for potential tumour treatment

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13 Jan 2022 09:10

TOP NEWS: Retailer ASOS now to be seen on London Main Market

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12 Jan 2022 11:37

Hutchmed gains breakthrough therapy designation in China for HMPL-523

Hutchmed gains breakthrough therapy designation in China for HMPL-523

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10 Jan 2022 09:23

Hutchmed begins phase one study for potential cancer treatment

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6 Dec 2021 10:44

Hutchmed completes patient enrolment for cancer drug study

Hutchmed completes patient enrolment for cancer drug study

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3 Dec 2021 13:23

Two Hutchmed drugs included in China's 2022 reimbursement list

(Sharecast News) - Hutchmed China announced on Friday that, following negotiations with the China National Healthcare Security Administration (NHSA), from 1 January the updated National Reimbursement Drug List (NRDL) will continue to include 'Elunate', or fruquintinib, and would now include 'Sulanda', or surufatinib.

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3 Dec 2021 09:54

Two Hutchmed drugs included on China's state approved medicines list

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24 Nov 2021 11:35

Hutchmed China shares rise on Orphathys and Tagrisso Phase 3 study

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