Hutchmed shares jump on fruquintinib Phase III triumph
Following positive results in a Phase III study of fruquintinib, Hutchmed's (Nasdaq: HCM) shares were on the way up on Monday.
The Chinese biopharmaceutical company has announced that the Phase III FRESCO-2 trial evaluating the investigational use of fruquintinib met its primary endpoint of overall survival (OS) in patients with advanced, refractory metastatic colorectal cancer (CRC).
A statistically-significant improvement in progression-free survival (PFS), a key secondary endpoint, was also observed.
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