Impressive data means SANET-ep trial stopped early
Lighthouse | 14 June 2019
Trinity Delta view: The encouraging result of SANET-ep suggest that surufatinib (previously known as HMPL-012 or sulfatinib) will be the first approved and marketed product where Chi-Med holds worldwide rights. Our base case scenario was that the trial would run to completion (enrolment completing by year-end and top line data in mid-2020), hence our current Chi-Med valuation of $4.742bn ($35.57/ADS) or £3.648bn (£5.47/share) will be reviewed following this positive outcome. We also highlight that we anticipate additional clinical, regulatory, and commercial catalysts during 2019 and 2020 that will unlock further value.
14 June 2019
|Price (US ADS) (UK share)||$27.04|
Hutchison China MediTech is a Hong Kong headquartered biopharma with an established Commercial Platform in China, and a diverse pipeline of first-in-class/best-in-class selective oral tyrosine kinase inhibitors (Innovation Platform). Its pipeline, discovered in-house, is in development for the China and global oncology markets.
+44 (0) 20 3637 5041
Mick Cooper PhD
+44 (0) 20 3637 5042
+44 (0) 20 3637 5043
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