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HUTCHMED (HCM) Upgraded to Buy: Here's Why
ZACKS· 2025-02-20 18:00
Core Viewpoint - HUTCHMED (HCM) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook for its earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the importance of earnings estimate revisions, which are strongly correlated with stock price movements, particularly due to institutional investors' reliance on these estimates for valuation [4][6]. - HUTCHMED's earnings estimates for the fiscal year ending December 2025 are projected at $1.46 per share, reflecting a substantial increase of 151.7% from the previous year, with a 303.7% rise in the Zacks Consensus Estimate over the past three months [8]. Zacks Rating System - The Zacks Rank system categorizes stocks into five groups based on earnings estimates, with a proven track record of Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [7]. - HUTCHMED's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [10].
Wall Street Analysts Believe HUTCHMED (HCM) Could Rally 72.83%: Here's is How to Trade
ZACKS· 2025-02-20 15:55
Core Viewpoint - HUTCHMED (HCM) shares have increased by 4.6% recently, with analysts suggesting a potential upside of 72.8% based on a mean price target of $25.63 [1] Price Targets - The average price target for HCM ranges from a low of $17.50 to a high of $39, with a standard deviation of $9.84, indicating variability among analysts [2] - The lowest estimate suggests an 18% increase from the current price, while the highest estimate indicates a 163% upside [2] - A low standard deviation signifies greater agreement among analysts regarding price movement [2][7] Analyst Sentiment - Analysts show strong agreement in revising earnings estimates upward, which correlates with potential stock price increases [4][9] - Over the past 30 days, one estimate has increased, leading to a 5% rise in the Zacks Consensus Estimate for the current year [10] Zacks Rank - HCM holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors [11] Conclusion on Price Targets - While consensus price targets may not be entirely reliable, the direction they imply can serve as a useful guide for potential price movements [12]
HUTCHMED to Announce 2024 Final Results
Newsfilter· 2025-02-19 08:30
Core Viewpoint - HUTCHMED is set to announce its final results for the year ended December 31, 2024, on March 19, 2025, with an invitation for analysts and investors to join a conference call and audio webcast presentation [1][2]. Company Overview - HUTCHMED is an innovative, commercial-stage biopharmaceutical company focused on the discovery, global development, and commercialization of targeted therapies and immunotherapies for cancer and immunological diseases [3]. - The company has successfully brought drug candidates from in-house discovery to market, with its first three medicines marketed in China, and the first also approved in the US, Europe, and Japan [3]. Event Details - The English conference call and audio webcast will occur at 8:00 am EDT / 12:00 pm GMT / 8:00 pm HKT on March 19, 2025, with a Chinese (Putonghua) webcast following on March 20, 2025 [2]. - Both webcasts will be available live on the company website, and a replay will be accessible shortly after the event [2].
HUTCHMED Announces NMPA Full Approval for ORPATHYS® (savolitinib) in China for Patients with Locally Advanced or Metastatic MET Exon 14 NSCLC
Newsfilter· 2025-01-14 04:00
Core Viewpoint - HUTCHMED's ORPATHYS® (savolitinib) has received full approval from the China National Medical Products Administration (NMPA) for treating both treatment-naïve and previously treated adult patients with locally advanced or metastatic non-small cell lung cancer (NSCLC) with MET exon 14 skipping alteration, marking a significant advancement in targeted therapy for this patient population [1][4]. Group 1: Approval and Clinical Data - The NMPA's approval was based on data from a confirmatory Phase IIIb clinical trial, which demonstrated the efficacy and safety of ORPATHYS® in patients with MET exon 14 skipping alteration NSCLC [2][4]. - In treatment-naïve patients, the objective response rate (ORR) was 62.1%, disease control rate (DCR) was 92.0%, and median duration of response (DoR) was 12.5 months [3]. - For previously treated patients, the ORR was 39.2%, DCR was 92.4%, and median DoR was 11.1 months [3]. Group 2: Safety Profile - The safety profile of ORPATHYS® was found to be tolerable, with no new safety signals observed [3]. - The most common drug-related treatment-emergent adverse events of Grade 3 or above included abnormal hepatic function (16.9%), increased alanine aminotransferase (14.5%), and increased aspartate aminotransferase (12.0%) [3]. Group 3: Market and Development Context - ORPATHYS® is the first selective MET inhibitor approved in China and has been included in the National Reimbursement Drug List since March 2023 [7]. - The drug is also under clinical development for multiple tumor types, including lung, kidney, and gastric cancers, both as a single treatment and in combination with other therapies [7][8]. - HUTCHMED and AstraZeneca have a global licensing and collaboration agreement for the development and commercialization of ORPATHYS®, with HUTCHMED leading the development in China [8][9].
HUTCHMED Announces NMPA Full Approval for ORPATHYS® (savolitinib) in China for Patients with Locally Advanced or Metastatic MET Exon 14 NSCLC
GlobeNewswire· 2025-01-14 04:00
Core Insights - HUTCHMED's ORPATHYS (savolitinib) has received approval from the China National Medical Products Administration (NMPA) for treating both treatment-naïve and previously treated adult patients with locally advanced or metastatic non-small cell lung cancer (NSCLC) with MET exon 14 skipping alteration [1][2][4] Company Developments - The approval was based on data from a confirmatory Phase IIIb clinical trial, which demonstrated significant efficacy and safety in both treatment-naïve and previously treated patients [2][4] - ORPATHYS was previously conditionally approved in June 2021 and has now transitioned to full approval, expanding its indication in China [1][9] - The drug is marketed in partnership with AstraZeneca, representing the first selective MET inhibitor approved in China [5][10] Clinical Data - In treatment-naïve patients, the objective response rate (ORR) was 62.1%, with a disease control rate (DCR) of 92.0% and a median duration of response (DoR) of 12.5 months [3] - For previously treated patients, the ORR was 39.2%, DCR was 92.4%, and median DoR was 11.1 months [3] - The median progression-free survival (PFS) for treatment-naïve patients was 13.7 months, while for previously treated patients, it was 11.0 months [3] Market Context - Lung cancer is the leading cause of cancer death globally, with a significant patient population in China, where over a third of the world's lung cancer patients reside [6] - Approximately 2-3% of NSCLC patients have tumors with MET exon 14 skipping alterations, which are targetable mutations [7] - The approval of ORPATHYS addresses unmet medical needs for NSCLC patients with MET aberrations, enhancing treatment options in this challenging area [4][5]
$HAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Paycor HCM, Inc. - PYCR
Prnewswire· 2025-01-08 00:00
Group 1 - Monteverde & Associates PC is investigating Paycor HCM, Inc. regarding its proposed merger with Paychex, which will acquire Paycor at a price of $22.50 per share [1] - Monteverde & Associates PC has a successful track record in recovering millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report [1][2] - The firm operates from the Empire State Building in New York City and specializes in class action securities litigation [2][3] Group 2 - The firm encourages shareholders with concerns about Paycor HCM, Inc. to contact them for additional information free of charge [3] - Monteverde & Associates PC emphasizes that no company, director, or officer is above the law, highlighting their commitment to shareholder rights [3][4] - The firm has a history of litigating and recovering money for shareholders, including cases that have reached the U.S. Supreme Court [2][4]
Jay Whitehead Joins Asure as Senior Vice President of AsurePay(TM) and Marketplace
GlobeNewswire News Room· 2025-01-07 19:46
Core Insights - Asure has appointed Jay Whitehead to lead its AsurePay™ Platinum VIP Banking card and Marketplace businesses, aiming to enhance its offerings in the Human Capital Management (HCM) sector [1][3]. Company Overview - Asure is a provider of cloud-based HCM software solutions that streamline HR processes for organizations of all sizes, including services like payroll, time and attendance, benefits administration, and talent management [5]. Leadership Background - Jay Whitehead has a rich background in HR and payment technology, having founded Human Resources Outsourcing Today and led various media and HR companies, which positions him well to drive Asure's initiatives [2]. Market Opportunity - Asure's payroll clients, representing nearly two million employees, have expressed a strong interest in the AsurePay™ Platinum VIP Banking card, which offers features superior to those of cards requiring $75,000 deposit minimums [3]. - The Asure Marketplace is seen as a valuable resource for companies to provide financial and consumer products to Asure's largely untapped payroll base [4].
Paycor HCM: Positive On The Mid-Term Growth Outlook (Rating Upgrade)
Seeking Alpha· 2024-12-25 06:29
Core Viewpoint - The article discusses the investment outlook for Paycor HCM (NASDAQ: PYCR), indicating a downgrade to a hold rating due to concerns about its growth potential [3]. Group 1: Company Analysis - Paycor HCM has been downgraded to a hold rating based on the analyst's lack of confidence in its ability to achieve growth [3]. - The investment approach focuses on identifying companies with solid fundamentals and sustainable competitive advantages, which is critical for long-term investment success [2]. Group 2: Investment Strategy - The investment strategy incorporates both long-term investments and short-term shorts to uncover alpha opportunities, emphasizing a bottom-up analysis of individual companies [2].
Robbins LLP Informs Paycor HCM, Inc. Stockholders that it is Investigating the Officers and Directors of PYCR to Determine if They Breached Fiduciary Duties Owed to Shareholders
GlobeNewswire News Room· 2024-12-13 20:52
Core Viewpoint - Robbins LLP is investigating Paycor HCM, Inc. for potential violations of securities laws and breaches of fiduciary duties by certain officers and directors [1] Company Overview - Paycor HCM, Inc. provides human capital management solutions primarily for small and medium-sized businesses in the United States [1] Legal Context - Shareholders who have lost money in their investment in Paycor HCM, Inc. are encouraged to contact Robbins LLP for information about their rights [2] - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses [3] Firm Background - Robbins LLP has been active in shareholder rights litigation since 2002, recovering over $1 billion for shareholders [4]
HUTCHMED to Receive Milestone Payment from Takeda following First European Reimbursement for FRUZAQLA® (fruquintinib)
GlobeNewswire News Room· 2024-12-13 00:00
Core Insights - HUTCHMED will receive a US$10 million milestone payment from Takeda following the first national reimbursement recommendation for FRUZAQLA® (fruquintinib) in Europe for metastatic colorectal cancer [1][2] - FRUZAQLA® is the first novel oral targeted therapy approved in the EU for metastatic colorectal cancer in over a decade, with its European Commission approval granted in June 2024 [2][3] - The approval was based on the Phase III FRESCO-2 trial results, which demonstrated consistent benefits for patients treated with fruquintinib [3][6] Company Overview - HUTCHMED is an innovative biopharmaceutical company focused on the discovery, development, and commercialization of targeted therapies and immunotherapies for cancer and immunological diseases [7] - The company has approximately 5,000 personnel, with a significant focus on oncology and immunology [7] - HUTCHMED's fruquintinib has been co-marketed in mainland China, Hong Kong, and Macau with Eli Lilly under the brand name ELUNATE® [6] Industry Context - Colorectal cancer (CRC) is the third most prevalent cancer globally, with over 1.9 million new cases and 900,000 deaths reported in 2022 [4] - In Europe, CRC accounted for approximately 538,000 new cases and 248,000 deaths in 2022, highlighting the significant unmet medical need in this area [4] - The approval of FRUZAQLA® is expected to improve patient access to innovative treatments for metastatic CRC across Europe [3]