Hutchmed completes rolling NDA submission for fruquintinib in CRC

31 March 2023

Chinese biopharma Hutchmed (AIM: HCM) today revealed that it completed the rolling submission of a New Drug Application (NDA) to the US Food and Drug Administration (FDA) for fruquintinib, its highly selective and potent oral inhibitor of VEGFR-1, -2 and -3, for the treatment of refractory metastatic colorectal cancer (CRC).

The filing was started in December last year, and news of the completion saw the company’s London listed shares gain 2.3% to 221.89 pence.

Mike Mitchell, an analyst at Panmure Gordon, estimates annual ex-China potential peak sales in excess of $1 billion for the drug.

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