Core Insights - HUTCHMED will present new and updated data from several studies at the 2025 World Conference on Lung Cancer (WCLC) and the Chinese Society of Clinical Oncology (CSCO) Annual Meeting [1][2][3] Group 1: WCLC Presentations - Updated analysis from savolitinib's studies, including SACHI, SAVANNAH, and a Phase IIIb confirmatory study in non-small cell lung cancer (NSCLC) patients, will be presented [2] - Specific presentations include: - "Biomarker Concordance and Acquired Resistance in Patients with EGFRm MET-OverExp and/or Amp NSCLC" by Christina Baik on September 7, 2025 [2] - "Efficacy and Safety of Savolitinib in Advanced or Metastatic METex14 NSCLC Patients With or Without Prior Immunotherapy" by Yongfeng Yu on September 9, 2025 [2] - Insights from the SACHI study regarding frontline treatment duration in MET-Amplified NSCLC after third-generation EGFR-TKI failure [2] Group 2: CSCO Annual Meeting Presentations - Clinical data of HMPL-653, a novel CSF-1R inhibitor, will be presented for the first time at the CSCO Annual Meeting [3] - Specific presentations include: - A first-in-human Phase I study of HMPL-653 in patients with tenosynovial giant cell tumor by Xiaohui Niu on September 12, 2025 [3] - Updated efficacy and safety data for Fruquintinib in various cancer types, including metastatic or unresectable non-clear cell renal cell carcinoma and advanced esophageal squamous cell carcinoma [3][4] Group 3: Company Overview - HUTCHMED is an innovative, commercial-stage biopharmaceutical company focused on the discovery and global development of targeted therapies and immunotherapies for cancer and immunological diseases [5] - The company has successfully marketed its first three medicines in China, with the first also approved in the US, Europe, and Japan [5]

Investment Rating - The industry investment rating is Attractive [7] Core Insights - The report highlights several promising clinical trial results for various biotech companies, indicating potential best-in-class therapies in oncology and other therapeutic areas [2][3][4][5][6] - The report emphasizes the competitive landscape in the biotech sector, particularly in the context of EGFRm+ NSCLC, where DB-1310 faces significant competition [3] - The report provides a detailed analysis of multiple abstracts presented at ASCO, showcasing the efficacy and safety of various drug candidates [6][10] Summary by Relevant Sections Clinical Trial Results - DB-1311 in 3L CRPC shows a median rPFS of 8.3 months, indicating best-in-class potential [2] - DB-1310 in pre-treated EGFRm+ NSCLC demonstrates a uORR of 35.7% and mPFS of 7.0 months, competitive against peer HER3-ADCs [3] - Surufatinib + KN046 in 1L PDAC shows better response and safety, with mPFS competitive against SoC [4] - IBI363 in MSS/pMMR CRC shows consistent ORR and potential best-in-class mDoR of 7.5 months [4] Abstract Reactions - The report includes reactions to select abstracts from ASCO, indicating meaningful upside for DB-1311 and modest upside for DB-1310 [6][10] - IBI363 shows consistent results in immunotherapy-treated acral/mucosal melanoma with a DoR of 14 months [5] - ZL-1310 in r/r ES-SCLC shows an ORR of 68%, demonstrating best-in-class potential [5] Company Ratings - The report provides ratings for various companies in the healthcare sector, with notable mentions including: - 3SBio rated as ++ - Adicon Holdings rated as Overweight - Alibaba Health rated as Overweight [61]