Hutchmed Is Turning Profitable [Seeking Alpha]
HUTCHMED (China) Limited - American Depositary Shares (HCM)
NASDAQ:AMEX Investor Relations:
chi-med.com/investors/information-for-shareholders
Company Research
Source: Seeking Alpha
HCM's total revenue doubled to $838 million in 2023, driven by sales of the cancer drug FRUZAQLA. The company delivered a profit of $100.8 million in 2023 and has a strong cash position of over $880 million. FDA approval at the end of last year, and hopefully similar approvals from the EU and Japan will be a gamechanger for HCM. Investment Thesis When we started to cover HUTCHMED (China) Limited ( NASDAQ: HCM ) back in February of 2023, it was based on our interest to diversify our portfolio with the inclusion of shares in a pharmaceutical, medical, or healthcare company. Our introduction to HCM came all through our interest in CK Hutchison Holdings in Hong Kong ( OTCPK:CKHUY ), the conglomerate that holds about 38% of the shares in HCM. Just as a reminder, HCM is a small but global biopharmaceutical company developing high-quality, novel oncology and immunology drug candidates for patients across the world. Their market capitalization is about $3 billion. In our previo
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HCM
News
- HUTCHMED Highlights Clinical Data to be Presented at the 2024 ASH Annual Meeting and the 2024 ESMO Asia CongressGlobeNewswire
- HUTCHMED (China) Limited (NASDAQ: HCM) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- HUTCHMED to Receive First Commercial Milestone Payment Following Over US$200 Million in FRUZAQLA® (fruquintinib) Sales by Takeda [Yahoo! Finance]Yahoo! Finance
- HUTCHMED to Receive First Commercial Milestone Payment Following Over US$200 Million in FRUZAQLA® (fruquintinib) Sales by TakedaGlobeNewswire
- HUTCHMED Announces that TAGRISSO® plus ORPATHYS® demonstrated high, clinically meaningful response rate in lung cancer patients with high levels of MET overexpression and/or amplification in SAVANNAH Phase II trialGlobeNewswire
HCM
Sec Filings
- 11/6/24 - Form 6-K
- 10/31/24 - Form 6-K
- 10/21/24 - Form 6-K
- HCM's page on the SEC website