HUTCHMED shares are trading higher after the company and Takeda announced the EMA validated and accepted for regulatory review the marketing authorization application for fruquintinib.
Portfolio Pulse from Benzinga Newsdesk
HUTCHMED and Takeda announced that the European Medicines Agency (EMA) has validated and accepted the marketing authorization application for fruquintinib.
June 15, 2023 | 4:04 pm
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POSITIVE IMPACT
HUTCHMED shares are trading higher after the EMA validated and accepted the marketing authorization application for fruquintinib, in partnership with Takeda.
The EMA's validation and acceptance of the marketing authorization application for fruquintinib is a positive development for HUTCHMED. This news indicates progress in the regulatory process and potential future revenue from the drug. The partnership with Takeda also adds credibility to the project, which is likely to have a positive impact on HUTCHMED's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100