Hutchison China MediTech: An emerging global biopharma
Hutchison China MediTech (AIM: HCM), also known as Chi-Med, has recently announced positive data that key late-stage asset surufatinib met the primary endpoint of PFS in non-pancreatic tumors (NET) sat the Phase III interim analysis.
This translates to an earlier than expected China NDA submission (second half 2019) and the potential launch of HCM’s first un-partnered asset (early 2021), note analysts at Edison Investment Research.
In China, partner Eli Lilly (NYSE: LLY) has launched Elunate (fruquintinib) capsules. Early sales look promising and its potential inclusion on the China national reimbursement drug list (NRDL) later this year will be definitive to the China opportunity.
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