Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHutchmed Share News (HCM)

Share Price Information for Hutchmed (HCM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 283.00
Bid: 283.00
Ask: 285.00
Change: -10.00 (-3.41%)
Spread: 2.00 (0.707%)
Open: 285.00
High: 285.00
Low: 283.00
Prev. Close: 293.00
HCM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Hutchmed cancer treatment indication accepted for review in China

Thu, 28th Mar 2024 13:02

(Sharecast News) - Hutchmed China announced a significant milestone in its cancer treatment work on Thursday, with the supplemental new drug application (sNDA) for savolitinib had been accepted for review by the China National Medical Products Administration (NMPA).

The AIM-traded firm said the application was targeting adult patients with locally advanced or metastatic non-small cell lung cancer (NSCLC) featuring mesenchymal epithelial transition factor (MET) exon 14 skipping alteration.

If approved, the application would expand the label indication for savolitinib to include treatment-naive patients in China.

Savolitinib, previously granted conditional approval in China for treating NSCLC patients with MET exon 14 skipping alterations who had progressed following prior systemic therapy or who were ineligible for chemotherapy, had been marketed under the brand name 'Orpathys' by Hutchmed's partner AstraZeneca.

That, the board sid, represented a groundbreaking development as the first selective MET inhibitor approved in China.

Given that a significant portion of lung cancer patients globally, and particularly in China, exhibited NSCLC with MET exon 14 skipping alterations, the expansion of savolitinib's indication held considerable promise for addressing an unmet medical need.

The acceptance of the sNDA followed the presentation of preliminary efficacy and safety data from the first-line cohort of the confirmatory phase 3b clinical trial at the IASLC World Conference on Lung Cancer in September.

Subsequently, the final data from the trial were presented at the European Lung Cancer Congress on 20 March.

Noteworthy outcomes from the phase 3b trial included an objective response rate (ORR) of 62.1% and 39.2% in treatment-naïve and previously-treated patients, respectively, along with favourable disease control rates and median durations of response.

Moreover, the safety profile of savolitinib was found to be tolerable, with no new safety signals observed.

The global licensing and collaboration agreement between AstraZeneca and Hutchmed, initiated in 2011, sees Hutchmed spearheading the drug's development in China, while AstraZeneca leads development efforts outside of China with responsibility for commercialisation worldwide.

At 1203 GMT, Hutchmed China shares were down 1.13% at 261.51p.

Reporting by Josh White for Sharecast.com.

More News
28 Jul 2015 07:20

Hutchison China MediTech First Half Profit Down As It Ups Investment

Read more
23 Jul 2015 08:13

Hutchison China MediTech Says Mitsui Takes 6% Direct Stake (ALLISS)

Read more
17 Jul 2015 08:32

BROKER RATINGS SUMMARY: Investec Cuts Barclays To Sell From Hold

Read more
17 Jul 2015 07:27

LONDON BRIEFING: M&S Shares Sold As General Merchandise Chief Departs

Read more
17 Jul 2015 06:35

Hutchison China MediTech Gets Patent For Key Cardiovascular Pill

Read more
1 Jun 2015 06:59

Hutchison China MediTech Says Savolitinib Trial Results Encouraging

Read more
13 May 2015 06:53

Hutchison China MediTech To Get USD18 Million Payment From Eli Lilly

Read more
17 Apr 2015 11:48

DIRECTOR DEALINGS SUMMARY: Telecom Plus Directors Buy After Warning

Read more
16 Apr 2015 12:35

DIRECTOR DEALINGS: Hutchison China Chairman Buys More Shares

Read more
13 Apr 2015 08:46

DIRECTOR DEALINGS: Hutchison China Chairman Buys 25,000 Shares

Read more
10 Apr 2015 13:02

DIRECTOR DEALINGS SUMMARY: CVS Group CEO Halves Stake

Read more
8 Apr 2015 15:36

Hutchison China Meditech chairman buys £0.8m worth of shares

Hutchison China MediTech revealed on Wednesday its chairman and secretary bought some shares in the company. Executive director and chairman Simon To on Tuesday purchased 48,000 shares for 1385p each, spending £664,800 in the transaction. Furthermore, non-executive director and secretary Edith Shih

Read more
8 Apr 2015 08:42

DIRECTOR DEALINGS: Hutchison China MediTech Directors Buy Shares

Read more
2 Apr 2015 14:02

DIRECTOR DEALINGS SUMMARY: Nostrum Chairman Sells 18.7 Million Shares

Read more
1 Apr 2015 15:09

DIRECTOR DEALINGS: Hutchison China MediTech Directors Buy Shares

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.