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HUTCHMED stock jumps 17.8% on $1.3B GSK licensing deal for cancer therapy

Market News
03 Sep 2026
Alex Lavoie
View Source
Bullish
pluang ai news

HUTCHMED's shares surged 17.77% after announcing a major licensing deal with GSK for its preclinical cancer drug HMPL-A830. GSK gets exclusive rights outside Greater China, paying $110 million upfront plus up to $1.295 billion in milestone payments. HUTCHMED retains rights in key Asian markets, highlighting strong growth potential. Analysts upgraded HUTCHMED to 'Buy,' citing the deal's value and the company's promising oncology pipeline.

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