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Hutchmed shares jump 17% after $1.3B GSK deal for cancer drug rights outside China

Market News
03 Sep 2026
Proactive Investors
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Hutchmed's shares rose 17% after signing a licensing deal with GSK worth up to $1.295 billion for its experimental cancer drug HMPL-A830. GSK gains exclusive rights outside Mainland China, Hong Kong, Macau, and Taiwan, paying $110 million upfront plus potential milestone payments and royalties. The drug targets KRAS-EGFR tumors and will enter global Phase I trials in late 2026, with Hutchmed leading initial development. This deal marks a major step for Hutchmed's drug platform and expands GSK's oncology portfolio.

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