HUTCHMED Sees FY24 Oncology/Immunology Revenue $300M-$400M
Portfolio Pulse from Benzinga Newsdesk
HUTCHMED projects its full year 2024 Oncology/Immunology consolidated revenue to be between $300 million and $400 million. This forecast is based on an anticipated 30% to 50% growth in revenue from marketed oncology products.
February 28, 2024 | 12:13 pm
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HUTCHMED anticipates a significant revenue increase in its Oncology/Immunology sector for FY24, estimating between $300M and $400M.
The projected increase in revenue for HUTCHMED's Oncology/Immunology sector is a strong indicator of growth, particularly in its oncology marketed products. This positive outlook is likely to attract investor interest and could lead to a short-term uptick in HCM's stock price, given the significant revenue growth targets.
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