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Hutchmed shares rise after savolitinib trial shows survival benefit

HUTCHMED logoHUTCHMED
Sig3.25Sen+5.80Env0.00Soc+3.20Gov+0.50

Hutchmed (China) shares rose about 4% after reporting positive top-line results from a late-stage global Phase III trial of its lung cancer drug savolitinib. The broker said the study was the first Phase III to show a significant survival benefit for this patient group and estimated ex-China royalties could reach $70–$100 million annually before accounting for separate, higher-value China rights.

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