Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Hutchmed China to make several presentations at cancer research meeting

(Sharecast News) - Hutchmed China announced the upcoming presentation of new and updated data from various studies featuring compounds it had discovered on Friday, at the American Association of Cancer Research (AACR) annual meeting from 5 to 10 April in San Diego, California. The AIM-traded firm said one of the highlights would be the initial preclinical data on HMPL-506, a novel and highly potent menin-MLL inhibitor developed for treating certain types of acute leukaemia.

Notably, HMPL-506 showed stronger inhibitory potency in MLL-rearranged and NPM1 mutant leukaemia cell line models compared to five other menin inhibitors in clinical development.

Additionally, when combined with azacytidine, venetoclax, or gilteritinib, HMPL-506 synergistically improved the anti-tumour effect against MLL-rearranged leukemias, both in vitro and in vivo.

The company said the investigational drug candidate showed favourable pharmacokinetic profiles, high selectivity, and a low risk of cardiac toxicity.

It said plans were underway for a phase one study of HMPL-506 in the second half of 2024.

Another significant presentation would feature initial preclinical data on HMPL-A067 (HMA800067), a novel CD38-targeting antibody-drug conjugate (ADC) where daratumumab was conjugated with cytotoxic payload monomethyl auristatin E (MMAE) via a novel linker.

The ADC demonstrated significant superior anti-tumor activity to daratumumab, Hutchmed explained, including in several B-cell malignancies models resistant to daratumumab treatment.

Additional presentations would cover preclinical data on the ERK 1/2 inhibitor, HMPL-295; early clinical data on the Syk inhibitor, sovleplenib, in lymphoma patients; as well as further clinical data from global studies of VEGFR inhibitor, fruquintinib, and MET inhibitor, savolitinib.

Various investigator-initiated studies on fruquintinib and VEGFR/CSF-1R/FGFR inhibitor, surufatinib, would also be presented, the company added.

At 1208 BST, shares in Hutchmed China were down 2.24% at 261.01p.

Reporting by Josh White for Sharecast.com.

Share this article

Related Sharecast Articles

RBC Capital lifts Centrica to 'outperform', shares rally
(Sharecast News) - RBC Capital Markets upgraded Centrica on Friday to 'outperform' from 'sector perform' and lifted the price target to 170p from 145p.
Jefferies reiterates 'buy' on National Grid, trims price target
(Sharecast News) - Jefferies trimmed its price target on National Grid on Friday as it reiterated its 'buy' rating on the energy infrastructure firm.
JPMorgan reiterates 'overweight' on Whitbread
(Sharecast News) - JPMorgan Cazenove reiterated its 'overweight' rating on Whitbread on Friday as it said it continues to be one of its key convictions, and sees the recent pullback - the shares are down 20% year-to-date - as "an opportunity to revisit the story".
Short-lived sunny spell helps boost UK supermarkets
(Sharecast News) - UK supermarket sales pushed higher in May, industry data showed on Friday, boosted by a brief spell of warmer weather.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.