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Li Ka-shing, Hutchmed
Billionaire Li Ka-shing’s Hutchmed in $608 million health unit stake sales
Hutchmed (China), controlled by tycoon Li Ka-shing, is selling stakes in its health subsidiary for around $608 million as the billionaire and his flagship conglomerate look to ramp up capital and pivot towards core operations at the drugmaker.
Li Ka-Shing-Backed Hutchmed Sells Stake in Unit for $608 Million
Biopharmaceutical firm Hutchmed China Ltd., backed by billionaire Li Ka-shing, has agreed to sell stakes in a health unit for about $608 million as the group seeks to generate capital and focus on its core businesses.
Billionaire Li Ka-Shing’s Drug Maker Hutchmed Sells $608 Million Stake In Cardiovascular Joint Venture
Hutchmed, a biopharmaceutical company controlled by Hong Kong’s wealthiest person Li Ka-shing, is divesting a 45% stake in a cardiovascular joint venture for about
Li Ka-Shing’s HUTCHMED Shares Gain on Sale of Joint Venture Stake
Limited ($HK:0013), backed by Hong Kong billionaire Li Ka-Shing, gained nearly 4% today after it agreed to sell
pharmaphorum
4d
Hutchmed cashes in a Chinese JV to help fund its pipeline
The JV was set up in 2001 and has become increasingly peripheral to Hutchmed's core business of developing novel therapies ...
Yahoo Finance
4d
HUTCHMED to divest 45% equity interest in SHPL for $608m
HUTCHMED
(China) has agreed to sell a 45% equity interest in the non-core, non-consolidated joint venture (JV) Shanghai ...
FiercePharma
4d
With $608M divestment, Hutchmed continues to focus on ADC development
In a move designed to advance its pipeline and its “innovative medicines business,” Chinese biotech Hutchmed will ...
4d
Hutchmed announces progress, hits milestone with lung cancer treatment
Hutchmed China announced a number of advancements on Thursday, including a regulatory milestone for its lung cancer treatment ...
1d
Private equity firms are HUTCHMED (China) Limited's (LON:HCM) biggest owners and were rewarded after market cap rose by UK£120m last week
HUTCHMED (China) is not owned by hedge funds. Hutchison Whampoa (China) Limited is currently the largest shareholder, with 39% of shares outstanding. In comparison, the second and third largest ...
4d
Chinese Cancer Drug Developer Hutchmed Sharpens R&D Focus, Divests Non-Core JV For Over $600 Million
Hutchmed sells a 45% stake in SHPL for $608 million and focuses on advancing its cancer and immunology pipeline, including ...
5d
HUTCHMED Announces US$608 million Divestment of Non-Core Joint Venture
HUTCHMED continues to deliver on its strategy outlined in November 2022 to create value, prioritize its portfolio and bring innovative ...
The Pharma Letter
4d
Hutchmed divests joint venture for $608 million
Hutchmed sells its 45% stake in SHPL for $608 million, aligning with its focus on oncology and immunology. Proceeds will fund ...
GlobalData on MSN
3d
China’s NMPA prioritises HUTCHMED’s lung cancer therapy review
China National Medical Products Administration (NMPA) has granted acceptance and priority review for the new drug application ...
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