Trinity Delta Lighthouse: HUTCHMED

55 minutes ago

Research on GSK plc (GSK:LON) , HUTCHMED (China) Limited Sponsored ADR (HCM:NAS) from Trinity Delta

Trinity Delta view: The first ATTC deal, with a major pharma player such as GSK (Glaxo SmithKline), provides clear external validation of the ATTC platform’s clinical and commercial attractions, and accelerates the global development of HMPL-A830. The terms of the agreement form a valuable benchmark for similar future out-licensing. We maintain our view that HUTCHMED is a unique opportunity in biopharma, with a broad pipeline of differentiated oncology/immunology assets, global ambitions supported by large pharma partners, proven commercial execution in China yielding a growing top line, all balanced with shrewd investment. Our most recent HUTCHMED valuation was $5.80bn/£4.54bn/ HK$45.27bn, or $33.27/ADS and 520p/HK$51.90 per share.

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Disclaimer & Declaration of Interest

The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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Trinity Delta Lighthouse: HUTCHMED

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Trinity Delta Lighthouse: HUTCHMED