Hutchmed continues transition to global player, analyst says
Chinese biotech Hutchmed (Nasdaq: HCM) is continuing its transition from a development stage company into a global commercial organization, according to analyst Trinity Delta.
Hutchmed is a Hong Kong-headquartered biopharma focused on discovering, developing and commercializing innovative targeted therapeutics and immunotherapies to treat cancer and autoimmune diseases.
In its report on the company for investors, Trinity Delta values Hutchmed at $5.51 billion, noting that two of its products are now marketed successfully by the China oncology/immunology sales platform, with a third by a partner.
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