GlobeNewswire All Public CompaniesCodex · 实盘不做把握 5/10不做原因:无法执行
北京时间·🕒 发布 08:00:00·⟳ 抓取 08:01:40·⚡ 决策 08-31 08:04:26 +2m46s·57.5 天前
和黄医药ORPATHYS联合TAGRISSO一线肺癌中国III期SANOVO达到PFS主要终点
事件本身对和黄医药是正面临床催化,但ENTER前必须有stock_quote真实价;本轮未取得生产行情工具报价,且公告缺少具体HR和商业化量级,故不输出交易单。
📄 原文GlobeNewswire All Public Companies↗ 原文
HONG KONG and SHANGHAI and FLORHAM PARK, N.J., Aug. 31, 2026 (GLOBE NEWSWIRE) -- HUTCHMED (China) Limited (“ HUTCHMED “…
不做 和黄医药(00013.HK)
事件方向利多但未取得规则要求的stock_quote真实报价,且同组合SAFFRON阳性已在两周前部分定价;等完整疗效数据或可核实行情后再评估。
不做 和黄医药ADR(HCM.US)
美股闭市且缺少合规实时报价;ADR可作为直接受益载体但本轮不能给可回测ENTER。
不做 阿斯利康(AZN.US)
合作方受益被集团体量稀释,单一中国一线适应症临床进展不足以构成短线正期望。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
结论摘要
SANOVO阳性把ORPATHYS加TAGRISSO组合推进到中国EGFR突变且MET过表达NSCLC一线人群,临床阶段和适应症空间均较现有后线标签更积极;但8月17日SAFFRON阳性已提前强化同一组合逻辑,ORPATHYS 2026上半年在市销售约1570万美元、和黄确认收入约1330万美元,当前新增一线潜力仍缺具体疗效和递交时间,且未取得规则要求的真实stock_quote报价,因此研究后不做。
消息传播链
- 公司通过GlobeNewswire发布SANOVO中国III期一线NSCLC阳性high-level结果。市场反应:发布时美股闭市、港股和A股盘前,未形成连续成交反应。
- 同一ORPATHYS加TAGRISSO组合此前已公布SAFFRON全球III期后线阳性结果,是本次一线数据的相关背景而非同一具体催化。市场反应:HCM.US 8月17日收涨约2.95%,0013.HK当日收涨约4.64%。
关键理由
- SANOVO阳性是同一ORPATHYS/TAGRISSO组合在中国一线NSCLC人群的新增临床验证,理论上显著扩大可触达患者池。
- 和黄医药2026上半年ORPATHYS在市销售约1570万美元、确认收入约1330万美元,基数较小,若未来获批一线标签,收入弹性高于阿斯利康。
- 近两周已有SAFFRON全球后线III期阳性先行定价,SANOVO虽更新鲜但需要具体数据和监管路径确认。
主要风险
- 公告只给high-level结果,未披露HR、中位PFS、OS成熟度和安全性细节,医学会议完整数据可能改变市场对标签价值的判断。
- ORPATHYS由阿斯利康商业化,和黄医药取得制造、销售和权益收入,新增市场空间不等于全额收入;2026上半年总收入278.3百万美元,ORPATHYS确认收入13.3百万美元,短期业绩增量仍需监管获批后兑现。
反向证据
- 做多前查反向 · 来源 web · 日期 2026-08-31 · 影响 supports
本次公告称联合用药安全性与已知特征一致、无新安全发现,未见直接否定临床方向的新增反证。
检索:HUTCHMED ORPATHYS negative safety commercial revenue risk 2026 原文 ↗ - 做多前查反向 · 来源 web · 日期 2026-08-17 · 影响 weakens
两周前已披露同组合SAFFRON全球III期阳性,削弱本次SANOVO作为全新组合验证的预期差。
检索:HUTCHMED SAFFRON ORPATHYS TAGRISSO August 2026 prior positive result 原文 ↗
先例如何影响了这次决策
对本次决策的影响:先例支持事件方向为正,但不足以支撑在缺少真实报价和具体疗效数据时直接ENTER。
方向:同公司临床或获批事件方向通常偏正面,但反应幅度依赖是否已预期、是否已商业化和经济权益。
涨幅量级:没有8分以上高相似同市场同相位样本,不能用先例精确定tp/sl;最近SAFFRON仅带来个位数以内短线反应。
形态:近期同组合SAFFRON公告后已有上涨但随后震荡,提示二次同主题催化存在消化和见光后回落风险。
历史先例(按相似度)
- 相似度 7/10 0013.HK 2026-08-17 SAFFRON公布后HCM.US与0013.HK当日均小幅上涨,随后股价进入震荡。 原文 ↗
事件后 +1日 +4.6% · +2日 +6.3% · +3日 +1.2% · +4日 +3.0% · +5日 +3.0%
⚠盘中首发但只有日线,混入首发前走势·相位不对齐(open!=target_closed) — 该行涨幅别用来定止盈止损
相似度依据:同公司、同药物组合、同III期阳性,但SAFFRON是进展后治疗场景,本次SANOVO是一线中国人群。
经验:同药物组合III期阳性可带来短线正反应,但次日后持续性有限且容易受已知管线预期约束。 - 相似度 6/10 HCM.US 2025-06-30 2025年6月30日中国批准ORPATHYS联合TAGRISSO后线肺癌适应症,第三方记录HCM当日小幅下跌。 原文 ↗
HCM.US公告当日反应
⚠来源层级不符(声明issuer/实为media) — 该行涨幅别用来定止盈止损
相似度依据:同公司同ORPATHYS/TAGRISSO组合,但事件为中国NMPA后线适应症获批,商业确定性高于本次临床读出。
经验:即使是正式获批,若市场已预期且商业化权益有限,HCM短线反应也可能很弱。 - 相似度 6/10 HCM.US 2022-08-08 FRESCO-2全球III期达到OS主要终点并计划递交美国、欧洲、日本监管申请。 原文 ↗
HCM.US在2022-08-08后短线反应
相似度依据:同公司另一核心药物全球III期达到主要终点,机制为临床成功向监管递交推进。
经验:强III期阳性对中小生物医药可构成正催化,但后续价值取决于商业权益和监管兑现。
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原文全文
展开原文 · 13,571 字
HONG KONG and SHANGHAI and FLORHAM PARK, N.J., Aug. 31, 2026 (GLOBE NEWSWIRE) -- HUTCHMED (China) Limited (“
HUTCHMED
“) (Nasdaq/AIM: HCM; HKEX: 13) today announces positive high-level results from the SANOVO China Phase III trial in treatment-naïve patients with locally advanced or metastatic non-small cell lung cancer (“NSCLC”) whose tumors harbor epidermal growth factor receptor (“EGFR”) mutation and MET overexpression. ORPATHYS
®
(savolitinib) plus TAGRISSO
®
(osimertinib) demonstrated a statistically significant and highly clinically meaningful improvement in progression-free survival (“PFS”) versus TAGRISSO
®
alone in both the high MET and intention-to-treat (“ITT”) patient populations.
In both patient populations, the combination also demonstrated a very encouraging clinical benefit in overall survival (“OS”), a secondary endpoint of the trial. The trial will continue to follow-up on these results. These data will be presented at a forthcoming medical meeting.
Professor Yi-Long Wu of the Guangdong Provincial People's Hospital
, and the leading Principal Investigator of the SANOVO trial, said: “Co-occurring MET overexpression in treatment-naïve EGFR-mutated NSCLC often compromises the long-term durability of EGFR-TKI monotherapy. The positive findings from SANOVO demonstrate that addressing both pathways upfront with an all-oral, biomarker-directed regimen offers a powerful new approach for these patients whose tumors have MET overexpression. By combining ORPATHYS
®
with TAGRISSO
®
, we have observed a clear clinical benefit that could reshape primary treatment strategy for this distinct patient population.”
Dr Weiguo Su, Chief Executive Officer
*
and Chief Scientific Officer of HUTCHMED
, said: “We are thrilled by the positive results from SANOVO, which validate our strategy of addressing MET-driven disease across multiple stages of lung cancer. Building on the strong foundations of our Phase III SAFFRON global study and SACHI study in China in pre-treated patients, SANOVO data further validate the therapeutic strength and versatility of the ORPATHYS
®
and TAGRISSO
®
combination in first-line patients. We are deeply grateful to all patients and investigators who participated in the trial, and we look forward to sharing the data with regulatory authorities to bring this innovative all-oral combination to the first-line setting in China.”
Dr Jing He, Head of R&D China, AstraZeneca
, said: “These positive data underscore the pivotal role of ORPATHYS
®
in intercepting MET-driven resistance early in the treatment journey. By combining the targeted precision of ORPATHYS
®
with backbone TAGRISSO
®
, SANOVO demonstrates a meaningful clinical advancement for treatment-naïve patients with MET overexpression and EGFR mutation. Together with HUTCHMED, we are excited to advance ORPATHYS
®
in China as a transformative, biomarker-directed addition to frontline lung cancer care.”
The safety profile for ORPATHYS
®
plus TAGRISSO
®
was consistent with the known profiles of each medicine, and there were no new safety findings.
ORPATHYS
®
plus TAGRISSO
®
is approved in China for patients with locally advanced or metastatic EGFR-mutated (“EGFRm”) NSCLC with MET amplification after disease progression on EGFR-tyrosine kinase inhibitor (“TKI”) therapy based on the SACHI Phase III trial. The combination also reported positive high-level results in the SAFFRON global Phase III trial in EGFRm NSCLC with MET overexpression or amplification after disease progression on TAGRISSO
®
in August 2026, demonstrating a statistically significant and clinically meaningful improvement in both PFS and overall survival (“OS”).
ORPATHYS
®
is being jointly developed by AstraZeneca and HUTCHMED and commercialized by AstraZeneca.
About NSCLC and MET aberrations
Lung cancer is the leading cause of death by cancer globally, accounting for almost one in four (23%) cancer deaths.
1
Lung cancer is broadly split into NSCLC and small cell lung cancer, with 80-85% of patients diagnosed with NSCLC.
2
Approximately 75% of NSCLC patients are diagnosed with advanced disease.
3
Additionally, about 10-15% of NSCLC patients in the US and Europe, and 30-40% of patients in Asia, have EGFRm NSCLC.
4
,
5
,
6
MET is a tyrosine kinase receptor that has an essential role in normal cell development.
7
MET overexpression or amplification can lead to tumor growth and the metastatic progression of cancer cells.
7,
8
About SANOVO
SANOVO is a blinded, randomized, controlled Phase III study in previously untreated patients with locally advanced or metastatic NSCLC with activating EGFR mutations and MET overexpression in China. The study evaluates the efficacy and safety of ORPATHYS
®
in combination with TAGRISSO
®
comparing to TAGRISSO
®
alone, a standard-of-care treatment option for these patients. A total of 326 treatment-naïve patients with locally advanced or metastatic NSCLC harboring EGFR mutations (exon 19 deletion or L858R) and MET overexpression were randomized in a 1:1 ratio to receive TAGRISSO
®
80 mg once daily plus either ORPATHYS
®
or placebo at 300/200 mg twice daily (dosed based on body weight).
The primary endpoint of the study is PFS as assessed by investigators. Other endpoints include PFS assessed by an independent review committee, OS, objective response rate (ORR), duration of response (DoR), disease control rate (DCR), time to response (TTR), and safety. Additional details may be found at clinicaltrials.gov, using identifier
NCT05009836
.
About ORPATHYS
®
ORPATHYS
®
(savolitinib) is an oral, potent and highly selective MET TKI that has demonstrated clinical activity in advanced solid tumors. It blocks atypical activation of the MET receptor tyrosine kinase pathway that occurs because of mutations (such as exon 14 skipping alterations or other point mutations), gene amplification or protein overexpression.
ORPATHYS
®
is approved in China for the treatment of adult patients with locally advanced or metastatic
NSCLC with MET exon 14
skipping alteration, representing the first selective MET inhibitor approved in China. ORPATHYS
®
also received a conditional approval in China for the treatment of patients with locally advanced or metastatic gastric cancer or gastroesophageal junction
(GC/GEJ) adenocarcinoma
patients with MET amplification who have failed at least two prior systemic treatments. ORPATHYS
®
in combination with TAGRISSO
®
is approved in China for patients with locally advanced or metastatic EGFR mutation-positive non-squamous NSCLC with MET amplification after disease progression on EGFR TKI therapy based on the
SACHI
Phase III trial. The combination was also granted a temporary authorization in Switzerland for the treatment of patients with locally advanced or metastatic EGFRm NSCLC and high levels of MET overexpression or amplification who progressed on prior treatment with TAGRISSO
®
. This was based on results from the global
SAVANNAH
Phase II trial. The global, randomized,
SAFFRON
Phase III trial in the same treatment setting comparing the combination with platinum-based chemotherapy, reported positive high-level results demonstrating a statistically significant and clinically meaningful improvement in PFS and OS in August 2026.
About TAGRISSO
®
TAGRISSO
®
(osimertinib) is a third-generation, irreversible EGFR-TKI with proven clinical activity in NSCLC, including the treatment of central nervous system metastases.
TAGRISSO
®
is approved as monotherapy in more than 120 countries including the US, EU, China and Japan. Approved indications include for first-line treatment of patients with locally advanced or metastatic EGFRm NSCLC, locally advanced or metastatic EGFR T790M mutation-positive NSCLC, adjuvant treatment of early-stage EGFRm NSCLC and locally advanced, unresectable NSCLC following platinum-based chemoradiation therapy. TAGRISSO
®
is also approved in combination with chemotherapy in more than 80 countries, including the US, EU, China and Japan, for first-line treatment of patients with locally advanced or metastatic EGFRm NSCLC.
About HUTCHMED
HUTCHMED (Nasdaq/AIM: HCM; HKEX: 13) is an innovative, commercial-stage, biopharmaceutical company. It is committed to the discovery and global development and commercialization of targeted therapies and immunotherapies for the treatment of cancer and immunological diseases. Since inception it has focused on bringing drug candidates from in-house discovery to patients around the world, with its first four medicines marketed in China, the first of which is also approved around the world including in the US, Europe and Japan. For more information, please visit:
www.hutch-med.com
or follow us on
LinkedIn
.
Forward-Looking Statements
This announcement contains forward-looking statements within the meaning of the “safe harbor” provisions of the US 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 ORPATHYS
®
, the further clinical development for ORPATHYS
®
, its expectations as to whether any studies on ORPATHYS
®
would meet their primary or secondary endpoints, and its expectations as to the timing of the completion and the release of results from such studies. Forward-looking statements involve risks and uncertainties. Such risks and uncertainties include, among other things, assumptions regarding enrollment rates and the timing and availability of subjects meeting a study’s inclusion and exclusion criteria; changes to clinical protocols or regulatory requirements; unexpected adverse events or safety issues; the ability of ORPATHYS
®
, including as a combination therapy, to meet the primary or secondary endpoint of a study, to obtain regulatory approval in different jurisdictions and to gain commercial acceptance after obtaining regulatory approval; the potential market of ORPATHYS
®
for a targeted indication; the sufficiency of funding; and AstraZeneca’s ability to successfully develop and commercialize ORPATHYS
®
. In addition, as certain studies rely on the use of other drug products such as TAGRISSO
®
as combination therapeutics with ORPATHYS
®
, such risks and uncertainties include assumptions regarding the safety, efficacy, supply and continued regulatory approval of these therapeutics. 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 US 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 announcement, whether as a result of new information, future events or circumstances or otherwise.
Inside Information
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 (as it forms part of retained EU law as defined in the European Union (Withdrawal) Act 2018).
Medical Information
This announcement 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.
CONTACTS
Investor Enquiries
+852 2121 8200 /
ir@hutch-med.com
Media Enquiries
FTI Consulting –
+44 20 3727 1030 /
HUTCHMED@fticonsulting.com
Ben Atwell / Tim Stamper
+44 7771 913 902 (Mobile) / +44 7779 436 698 (Mobile)
Brunswick – Zhou Yi
+852 9783 6894 (Mobile) /
HUTCHMED@brunswickgroup.com
Panmure Liberum
Nominated Advisor and Joint Broker
Atholl Tweedie / Emma Earl / Rupert Dearden
+44 20 7886 2500
Cavendish
Joint Broker
Geoff Nash / Nigel Birks
+44 20 7220 0500
Deutsche Numis
Joint Broker
Duncan Monteith / Ramin Naji
+44 20 7545 8000
*
currently on leave of absence.
REFERENCES
1
World Health Organization. International Agency for Research on Cancer. Lung Fact Sheet. Available at:
https://gco.iarc.who.int/media/globocan/factsheets/cancers/15-trachea-bronchus-and-lung-fact-sheet.pdf
. Accessed August 2026.
2
American Cancer Society. What Is Lung Cancer? Available at:
https://www.cancer.org/cancer/types/lung-cancer/about/what-is.html
. Accessed August 2026.
3
Chen HJ, et al. Long-term survival of advanced lung adenocarcinoma by maintenance chemotherapy followed by EGFR-TKI. Medicine. 2021;100(6):e24688.
4
Szumera-Ciećkiewicz A, et al. EGFR Mutation Testing on Cytological and Histological Samples in Non-Small Cell Lung Cancer: a Polish, Single Institution Study and Systematic Review of European Incidence. Int J Clin Exp Pathol. 2013;6:2800-2812.
5
Keedy VL, et al. American Society of Clinical Oncology Provisional Clinical Opinion: Epidermal Growth Factor Receptor (EGFR) Mutation Testing for Patients with Advanced Non-Small-Cell Lung Cancer Considering First- Line EGFR Tyrosine Kinase Inhibitor Therapy. J Clin Oncol. 2011;29:2121-2127.
6
Ellison G, et al. EGFR Mutation Testing in Lung Cancer: a Review of Available Methods and Their Use for Analysis of Tumour Tissue and Cytology Samples. J Clin Pathol. 2013;66:79-89.
7
Uchikawa E, et al. Structural basis of the activation of c-MET receptor. Nat Commun. 2021;12(4074).
8
Wang Q, et al. MET inhibitors for targeted therapy of EGFR TKI-resistant lung cancer. J Hematol Oncol. 2019;63.
HUTCHMED
“) (Nasdaq/AIM: HCM; HKEX: 13) today announces positive high-level results from the SANOVO China Phase III trial in treatment-naïve patients with locally advanced or metastatic non-small cell lung cancer (“NSCLC”) whose tumors harbor epidermal growth factor receptor (“EGFR”) mutation and MET overexpression. ORPATHYS
®
(savolitinib) plus TAGRISSO
®
(osimertinib) demonstrated a statistically significant and highly clinically meaningful improvement in progression-free survival (“PFS”) versus TAGRISSO
®
alone in both the high MET and intention-to-treat (“ITT”) patient populations.
In both patient populations, the combination also demonstrated a very encouraging clinical benefit in overall survival (“OS”), a secondary endpoint of the trial. The trial will continue to follow-up on these results. These data will be presented at a forthcoming medical meeting.
Professor Yi-Long Wu of the Guangdong Provincial People's Hospital
, and the leading Principal Investigator of the SANOVO trial, said: “Co-occurring MET overexpression in treatment-naïve EGFR-mutated NSCLC often compromises the long-term durability of EGFR-TKI monotherapy. The positive findings from SANOVO demonstrate that addressing both pathways upfront with an all-oral, biomarker-directed regimen offers a powerful new approach for these patients whose tumors have MET overexpression. By combining ORPATHYS
®
with TAGRISSO
®
, we have observed a clear clinical benefit that could reshape primary treatment strategy for this distinct patient population.”
Dr Weiguo Su, Chief Executive Officer
*
and Chief Scientific Officer of HUTCHMED
, said: “We are thrilled by the positive results from SANOVO, which validate our strategy of addressing MET-driven disease across multiple stages of lung cancer. Building on the strong foundations of our Phase III SAFFRON global study and SACHI study in China in pre-treated patients, SANOVO data further validate the therapeutic strength and versatility of the ORPATHYS
®
and TAGRISSO
®
combination in first-line patients. We are deeply grateful to all patients and investigators who participated in the trial, and we look forward to sharing the data with regulatory authorities to bring this innovative all-oral combination to the first-line setting in China.”
Dr Jing He, Head of R&D China, AstraZeneca
, said: “These positive data underscore the pivotal role of ORPATHYS
®
in intercepting MET-driven resistance early in the treatment journey. By combining the targeted precision of ORPATHYS
®
with backbone TAGRISSO
®
, SANOVO demonstrates a meaningful clinical advancement for treatment-naïve patients with MET overexpression and EGFR mutation. Together with HUTCHMED, we are excited to advance ORPATHYS
®
in China as a transformative, biomarker-directed addition to frontline lung cancer care.”
The safety profile for ORPATHYS
®
plus TAGRISSO
®
was consistent with the known profiles of each medicine, and there were no new safety findings.
ORPATHYS
®
plus TAGRISSO
®
is approved in China for patients with locally advanced or metastatic EGFR-mutated (“EGFRm”) NSCLC with MET amplification after disease progression on EGFR-tyrosine kinase inhibitor (“TKI”) therapy based on the SACHI Phase III trial. The combination also reported positive high-level results in the SAFFRON global Phase III trial in EGFRm NSCLC with MET overexpression or amplification after disease progression on TAGRISSO
®
in August 2026, demonstrating a statistically significant and clinically meaningful improvement in both PFS and overall survival (“OS”).
ORPATHYS
®
is being jointly developed by AstraZeneca and HUTCHMED and commercialized by AstraZeneca.
About NSCLC and MET aberrations
Lung cancer is the leading cause of death by cancer globally, accounting for almost one in four (23%) cancer deaths.
1
Lung cancer is broadly split into NSCLC and small cell lung cancer, with 80-85% of patients diagnosed with NSCLC.
2
Approximately 75% of NSCLC patients are diagnosed with advanced disease.
3
Additionally, about 10-15% of NSCLC patients in the US and Europe, and 30-40% of patients in Asia, have EGFRm NSCLC.
4
,
5
,
6
MET is a tyrosine kinase receptor that has an essential role in normal cell development.
7
MET overexpression or amplification can lead to tumor growth and the metastatic progression of cancer cells.
7,
8
About SANOVO
SANOVO is a blinded, randomized, controlled Phase III study in previously untreated patients with locally advanced or metastatic NSCLC with activating EGFR mutations and MET overexpression in China. The study evaluates the efficacy and safety of ORPATHYS
®
in combination with TAGRISSO
®
comparing to TAGRISSO
®
alone, a standard-of-care treatment option for these patients. A total of 326 treatment-naïve patients with locally advanced or metastatic NSCLC harboring EGFR mutations (exon 19 deletion or L858R) and MET overexpression were randomized in a 1:1 ratio to receive TAGRISSO
®
80 mg once daily plus either ORPATHYS
®
or placebo at 300/200 mg twice daily (dosed based on body weight).
The primary endpoint of the study is PFS as assessed by investigators. Other endpoints include PFS assessed by an independent review committee, OS, objective response rate (ORR), duration of response (DoR), disease control rate (DCR), time to response (TTR), and safety. Additional details may be found at clinicaltrials.gov, using identifier
NCT05009836
.
About ORPATHYS
®
ORPATHYS
®
(savolitinib) is an oral, potent and highly selective MET TKI that has demonstrated clinical activity in advanced solid tumors. It blocks atypical activation of the MET receptor tyrosine kinase pathway that occurs because of mutations (such as exon 14 skipping alterations or other point mutations), gene amplification or protein overexpression.
ORPATHYS
®
is approved in China for the treatment of adult patients with locally advanced or metastatic
NSCLC with MET exon 14
skipping alteration, representing the first selective MET inhibitor approved in China. ORPATHYS
®
also received a conditional approval in China for the treatment of patients with locally advanced or metastatic gastric cancer or gastroesophageal junction
(GC/GEJ) adenocarcinoma
patients with MET amplification who have failed at least two prior systemic treatments. ORPATHYS
®
in combination with TAGRISSO
®
is approved in China for patients with locally advanced or metastatic EGFR mutation-positive non-squamous NSCLC with MET amplification after disease progression on EGFR TKI therapy based on the
SACHI
Phase III trial. The combination was also granted a temporary authorization in Switzerland for the treatment of patients with locally advanced or metastatic EGFRm NSCLC and high levels of MET overexpression or amplification who progressed on prior treatment with TAGRISSO
®
. This was based on results from the global
SAVANNAH
Phase II trial. The global, randomized,
SAFFRON
Phase III trial in the same treatment setting comparing the combination with platinum-based chemotherapy, reported positive high-level results demonstrating a statistically significant and clinically meaningful improvement in PFS and OS in August 2026.
About TAGRISSO
®
TAGRISSO
®
(osimertinib) is a third-generation, irreversible EGFR-TKI with proven clinical activity in NSCLC, including the treatment of central nervous system metastases.
TAGRISSO
®
is approved as monotherapy in more than 120 countries including the US, EU, China and Japan. Approved indications include for first-line treatment of patients with locally advanced or metastatic EGFRm NSCLC, locally advanced or metastatic EGFR T790M mutation-positive NSCLC, adjuvant treatment of early-stage EGFRm NSCLC and locally advanced, unresectable NSCLC following platinum-based chemoradiation therapy. TAGRISSO
®
is also approved in combination with chemotherapy in more than 80 countries, including the US, EU, China and Japan, for first-line treatment of patients with locally advanced or metastatic EGFRm NSCLC.
About HUTCHMED
HUTCHMED (Nasdaq/AIM: HCM; HKEX: 13) is an innovative, commercial-stage, biopharmaceutical company. It is committed to the discovery and global development and commercialization of targeted therapies and immunotherapies for the treatment of cancer and immunological diseases. Since inception it has focused on bringing drug candidates from in-house discovery to patients around the world, with its first four medicines marketed in China, the first of which is also approved around the world including in the US, Europe and Japan. For more information, please visit:
www.hutch-med.com
or follow us on
.
Forward-Looking Statements
This announcement contains forward-looking statements within the meaning of the “safe harbor” provisions of the US 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 ORPATHYS
®
, the further clinical development for ORPATHYS
®
, its expectations as to whether any studies on ORPATHYS
®
would meet their primary or secondary endpoints, and its expectations as to the timing of the completion and the release of results from such studies. Forward-looking statements involve risks and uncertainties. Such risks and uncertainties include, among other things, assumptions regarding enrollment rates and the timing and availability of subjects meeting a study’s inclusion and exclusion criteria; changes to clinical protocols or regulatory requirements; unexpected adverse events or safety issues; the ability of ORPATHYS
®
, including as a combination therapy, to meet the primary or secondary endpoint of a study, to obtain regulatory approval in different jurisdictions and to gain commercial acceptance after obtaining regulatory approval; the potential market of ORPATHYS
®
for a targeted indication; the sufficiency of funding; and AstraZeneca’s ability to successfully develop and commercialize ORPATHYS
®
. In addition, as certain studies rely on the use of other drug products such as TAGRISSO
®
as combination therapeutics with ORPATHYS
®
, such risks and uncertainties include assumptions regarding the safety, efficacy, supply and continued regulatory approval of these therapeutics. 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 US 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 announcement, whether as a result of new information, future events or circumstances or otherwise.
Inside Information
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 (as it forms part of retained EU law as defined in the European Union (Withdrawal) Act 2018).
Medical Information
This announcement 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.
CONTACTS
Investor Enquiries
+852 2121 8200 /
ir@hutch-med.com
Media Enquiries
FTI Consulting –
+44 20 3727 1030 /
HUTCHMED@fticonsulting.com
Ben Atwell / Tim Stamper
+44 7771 913 902 (Mobile) / +44 7779 436 698 (Mobile)
Brunswick – Zhou Yi
+852 9783 6894 (Mobile) /
HUTCHMED@brunswickgroup.com
Panmure Liberum
Nominated Advisor and Joint Broker
Atholl Tweedie / Emma Earl / Rupert Dearden
+44 20 7886 2500
Cavendish
Joint Broker
Geoff Nash / Nigel Birks
+44 20 7220 0500
Deutsche Numis
Joint Broker
Duncan Monteith / Ramin Naji
+44 20 7545 8000
*
currently on leave of absence.
REFERENCES
1
World Health Organization. International Agency for Research on Cancer. Lung Fact Sheet. Available at:
https://gco.iarc.who.int/media/globocan/factsheets/cancers/15-trachea-bronchus-and-lung-fact-sheet.pdf
. Accessed August 2026.
2
American Cancer Society. What Is Lung Cancer? Available at:
https://www.cancer.org/cancer/types/lung-cancer/about/what-is.html
. Accessed August 2026.
3
Chen HJ, et al. Long-term survival of advanced lung adenocarcinoma by maintenance chemotherapy followed by EGFR-TKI. Medicine. 2021;100(6):e24688.
4
Szumera-Ciećkiewicz A, et al. EGFR Mutation Testing on Cytological and Histological Samples in Non-Small Cell Lung Cancer: a Polish, Single Institution Study and Systematic Review of European Incidence. Int J Clin Exp Pathol. 2013;6:2800-2812.
5
Keedy VL, et al. American Society of Clinical Oncology Provisional Clinical Opinion: Epidermal Growth Factor Receptor (EGFR) Mutation Testing for Patients with Advanced Non-Small-Cell Lung Cancer Considering First- Line EGFR Tyrosine Kinase Inhibitor Therapy. J Clin Oncol. 2011;29:2121-2127.
6
Ellison G, et al. EGFR Mutation Testing in Lung Cancer: a Review of Available Methods and Their Use for Analysis of Tumour Tissue and Cytology Samples. J Clin Pathol. 2013;66:79-89.
7
Uchikawa E, et al. Structural basis of the activation of c-MET receptor. Nat Commun. 2021;12(4074).
8
Wang Q, et al. MET inhibitors for targeted therapy of EGFR TKI-resistant lung cancer. J Hematol Oncol. 2019;63.
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