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HUTCHMED to Host Expert Call to discuss Immune Thrombocytopenia Hong Kong, Shanghai & Florham Park, NJ - Wedne sday, August 21 , 2024: HUTCHMED (China) Limited (" HUTCHMED ") (Nasdaq/AIM:HCM; HKEX:13) today

Key Takeaway: HUTCHMED is set to host a physician expert call on August 28, 2024, to discuss the treatment landscape of immune thrombocytopenia (ITP). The call will be conducted in Chinese and aims to inform investors of HUTCHMED's recent advancements. Sovleplenib, HUTCHMED's investigational drug for ITP, has shown effective results in Phase III trials. However, the drug has yet to receive regulatory approval, and there are inherent risks in its further development.

Market Sentiment Analysis

POSITIVE FACTORS

  • HUTCHMED is hosting an expert call to discuss advancements in ITP treatment.
  • The Phase III trial for sovleplenib met all endpoints, indicating efficacy.
  • Potential market for sovleplenib in major pharmaceutical markets outside of China.

CONCERNS & RISKS

  • Sovleplenib has not yet been approved by any regulatory authority.
  • Risks exist regarding the timing and outcomes of clinical studies.
  • The therapeutic potential of sovleplenib is still uncertain.

Full Press Release Details

HUTCHMED to Host Expert Call to discuss Immune Thrombocytopenia
Hong Kong, Shanghai & Florham Park, NJ - Wednesday, August 21, 2024: HUTCHMED (China) Limited ("HUTCHMED") (Nasdaq/AIM:HCM; HKEX:13) today announces that it will host a physician expert call with a professor and key opinion leader in immune thrombocytopenia ("ITP"), to discuss the treatment landscape of ITP via webcast on Wednesday, August 28, 2024, at 7:00 p.m. HKT.
The event will be held in Chinese (Putonghua) and can be accessed via www.hutch-med.com/event. Investors interested in listening to a webcast should log on before the start time to download any software required. The transcript of the event, including an English translation, will be available shortly thereafter for approximately 90 days. This event is intended for investor audiences only.
ESLIM-01 is a Phase III trial of HUTCHMED's novel investigational drug candidate sovleplenib in patients with primary ITP in China. The trial met all its endpoints and results were published in The Lancet Haematology and orally presented at the European Hematology Association (EHA) Hybrid Congress. HUTCHMED filed a New Drug Application in China in January 2024 for sovleplenib.
ITP is an autoimmune disorder characterized by immunologic destruction of platelets and decreased platelet production. Patients with ITP are at increased risk of excessive bleeding and bruising.1 ITP is also associated with fatigue (reported in up to 39% of adults with ITP) and impaired quality of life.2,3,4,5,6 The incidence of primary ITP in adults is 3.3/100,000 adults per year with a prevalence of 9.5 per 100,000 adults.7 Based on this prevalence rate, approximately 110,000 patients are estimated to be living with primary ITP in China, in addition to 56,000 patients in the US, Germany, France, Italy, Spain, UK, and Japan. It has been estimated that as many as 145,000 patients are living with chronic ITP in major pharmaceutical markets excluding China.8
Sovleplenib is a novel, selective inhibitor of Syk for once daily oral administration. Syk, a non-receptor tyrosine kinase, is a major component in B-cell receptor and FcR signaling and is an established target for the treatment of multiple subtypes of B-cell lymphomas and autoimmune disorders. Sovleplenib is currently under clinical investigation and its safety and efficacy have not been approved by any regulatory authority. HUTCHMED currently retains all rights to sovleplenib worldwide.
In addition to ITP (NCT05029635), sovleplenib is also being studied in warm antibody autoimmune hemolytic anemia (NCT05535933) and indolent non-Hodgkin's lymphoma (NCT03779113).
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect HUTCHMED's current expectations regarding future events, including its expectations regarding the therapeutic potential of sovleplenib for the treatment of patients with ITP and the further development of sovleplenib in this and other indications. Forward-looking statements involve risks and uncertainties. Such risks and uncertainties include, among other things, assumptions regarding the timing and outcome of clinical studies and the sufficiency of clinical data to support an NDA submission of sovleplenib for the treatment of patients with ITP or other indications in China or other jurisdictions, its potential to gain approvals from regulatory authorities on an expedited basis or at all, the efficacy and safety profile of sovleplenib, HUTCHMED's ability to fund, implement and complete its further clinical development and commercialization plans for sovleplenib and the timing of these events. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. For further discussion of these and other risks, see HUTCHMED's filings with the U.S. Securities and Exchange Commission, The Stock Exchange of Hong Kong Limited and on AIM. HUTCHMED undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise.
This press release contains information about products that may not be available in all countries, or may be available under different trademarks, for different indications, in different dosages, or in different strengths. Nothing contained herein should be considered a solicitation, promotion or advertisement for any prescription drugs including the ones under development.
Investor Enquiries +852 2121 8200 / ir@hutch-med.com
Media Enquiries
Ben Atwell / Alex Shaw, FTI Consulting +44 20 3727 1030 / +44 7771 913 902 (Mobile) / +44 7779 545 055 (Mobile) / HUTCHMED@fticonsulting.com
Zhou Yi, Brunswick +852 9783 6894 (Mobile) / HUTCHMED@brunswickgroup.com
Nominated Advisor
Atholl Tweedie / Freddy Crossley / Rupert Dearden, Panmure Liberum +44 (20) 3100 2000
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Frequently Asked Questions

What is the date of the HUTCHMED expert call?

The expert call is scheduled for August 28, 2024, at 7:00 p.m. HKT.

In which language will the expert call be conducted?

The expert call will be conducted in Chinese (Putonghua).

What is sovleplenib being investigated for?

Sovleplenib is being studied for immune thrombocytopenia and other conditions.

Where can I access the transcript of the expert call?

The transcript will be available on HUTCHMED's website for 90 days.

What is the primary purpose of the expert call?

The call aims to discuss the treatment landscape of immune thrombocytopenia.

Last updated: Aug 21, 2024