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HUTCHMED (China) To Launch Oral CRC Drug in Japan With Takeda; Shares Slide 3%
Express News | Reported Earlier, HUTCHMED Secures Milestone Payment As Takeda Rolls Out FRUZAQLA In Japanese Market
Hutchmed (China) (00013.HK) announced that FRUQUINTINIB (Fruquintinib) was launched by Takeda in Japan.
On November 22, Hutchmed (China) announced that following the approval of the pricing in Japan, FRUZAQLA (fruquintinib) 1mg/5mg capsules will be commercially launched by its partner Takeda (TSE: 4502 / NYSE: TAK) for the treatment of previously treated metastatic colorectal cancer patients, and Hutchmed (China) will receive a milestone payment. Previously, FRUZAQLA has obtained manufacturing and sales approval from the Ministry of Health, Labor and Welfare (MHLW) in Japan. FRUZAQLA is the first approved treatment for metastatic colorectal cancer in Japan in over a decade.
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Hutchmed (China) (00013.HK) appointed Hu Zhaohong as an independent non-executive director and a member of the technical committee.
Gelonghui, November 20 - Hutchmed (00013.HK) today announced that Hu Chaohong has been appointed as the company's independent non-executive director and member of the technical committee, effective from November 21, 2024. Dr. Hu has over 20 years of experience in therapeutic antibodies, antibody-drug conjugates, and vaccine development. Throughout her career, she has demonstrated strong leadership and innovation capabilities, leading multiple research and development programs. Dr. Hu's expertise spans from early discovery to clinical development and commercialization. She also has a good track record in successful business development and establishing strategic partnerships (including licensing and collaboration).
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