HUTCHMED (Hutchison China MediTech), a Hong Kong-based biopharmaceutical company, is on track to become a global leader in the discovery, development, and commercialisation of innovative, highly selective oral tyrosine kinase inhibitor therapies for oncology and immunological indications.
The China regulator has approved Hutchison China MediTech’s (Chi-Med’s) second internally discovered cancer drug, surufatinib (brand name Sulanda) for the treatment of epNET (non-pancreatic [extra-pancreatic] neuroendocrine tumours). Sulanda will be Chi-Med’s first unpartnered oncology drug launch in China, with potential for a label extension in pancreatic NET (pNET) later in 2021. Surufatinib is also on track to become Chi-Med’s first marketed drug in the US with the recent initiation of a rolling NDA submission for advanced NETs. The totality of the clinical data package shows a significant benefit to NET patients irrespective of tumour origin; with surufatinib addressing a major unmet need it has the potential to be the first global treatment option for NETs. Our valuation is increased to £6.45/share or $41.94/ADS.
| Symbol | Exchanges |
| HCM | NASDAQ/AIM London |