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Heading-module_container__uHf-4"><div id="inner" style="border-radius:0px 0px 0px 0px;width:100%"><h2><span style="font-family:"Roboto Slab"" class="__bold">HUTCHMED set to receive $20m in funding from Takeda for colorectal cancer drug sales</span></h2></div></div><div id="outer" data-widget="paragraph-widget" style="background-color:transparent;padding:0px 24px 8px 24px;text-align:left;font-size:100%;line-height:1.3;letter-spacing:0" class="Widget-module_outer__PBh8P Paragraph-module_container__-DJUN"><div id="inner" style="border-radius:0px 0px 0px 0px;width:100%;column-count:1"><p><span class="__bold" style="color:rgb(38,37,35)">In late October, HUTCHMED’s partner Takeda, will pay a milestone payment of $20m as the result of over $200m worth of sales for FRUZAQLA (fruquintinib), which treats metastatic colorectal cancer (CRC). </span></p></div></div><div id="outer" data-widget="paragraph-widget" style="background-color:transparent;padding:0px 24px 8px 24px;text-align:left;font-size:100%;line-height:1.3;letter-spacing:0" class="Widget-module_outer__PBh8P Paragraph-module_container__-DJUN"><div id="inner" style="border-radius:0px 0px 0px 0px;width:100%;column-count:1"><p>Takeda owns exclusive worldwide rights to FRUZAQLA, which include the rights to further manufacture, commercialise and develop the drug outside of mainland China, Macau and Hong Kong. The company delivered $203m in sales over the course of nine months, ending in September 2024. In these territories, fruquintinib is marketed by HUTCHMED and Eli Lilly and Company under the name ELUNATE. The drug was approved by the US Food and Drug Administration (FDA) in November 2023, with approval from the European Commission (EC) seven months later in 2024. The drug is currently going through more international approvals, with Switzerland, Canada, Japan, the UK, Argentina and Singapore having already granted approvals from August to October.</p></div></div><div id="outer" data-widget="image-widget" style="background-color:transparent;padding:8px 24px 16px 24px;min-height:auto" class="Widget-module_outer__PBh8P"><div id="inner" class="Image-module_container__8raIv Image-module_container-noflex__-J1PG" style="border-radius:0px 0px 0px 0px;width:100%;min-height:auto"><picture class="Image-module_picture__gw1zY Image-module_loading__FfyPr"><source type="image/jpeg" srcSet="https://cdn.magloft.com/pdf-import/1144/images/img_5-1.jpg?optimizer=image&width=192 192w,https://cdn.magloft.com/pdf-import/1144/images/img_5-1.jpg?optimizer=image&width=384 384w,https://cdn.magloft.com/pdf-import/1144/images/img_5-1.jpg?optimizer=image&width=768 768w,https://cdn.magloft.com/pdf-import/1144/images/img_5-1.jpg?optimizer=image&width=1536 1536w" sizes="(min-width: 768px) 768px, 100vw"/><img src="https://cdn.magloft.com/pdf-import/1144/images/img_5-1.jpg?optimizer=image&width=768" srcSet="https://cdn.magloft.com/pdf-import/1144/images/img_5-1.jpg?optimizer=image&width=192 192w,https://cdn.magloft.com/pdf-import/1144/images/img_5-1.jpg?optimizer=image&width=384 384w,https://cdn.magloft.com/pdf-import/1144/images/img_5-1.jpg?optimizer=image&width=768 768w,https://cdn.magloft.com/pdf-import/1144/images/img_5-1.jpg?optimizer=image&width=1536 1536w" sizes="(min-width: 768px) 768px, 100vw" class="Image-module_image__w4slc" width="100%" height="843" decoding="async" alt="Image" style="height:auto;width:100%"/></picture></div></div><div id="outer" data-widget="paragraph-widget" style="background-color:transparent;padding:0px 24px 8px 24px;text-align:left;font-size:100%;line-height:1.3;letter-spacing:0" class="Widget-module_outer__PBh8P Paragraph-module_container__-DJUN"><div id="inner" style="border-radius:0px 0px 0px 0px;width:100%;column-count:1"><p>“The achievement of $200m in sales is a testament to Takeda’s commercial strength in launching global brands, the clinical benefit of fruquintinib and the success of our partnership strateg y for commercialising our medicines outside of China,” said Dr Weiguo Su, chief executive officer and chief scientific officer of HUTCHMED. “Receiving the $20m milestone payment will strengthen our balance sheet as we look to expand the use of fruquintinib into new indications, and highlights our strateg y of global partnerships across our broad pipeline.”</p></div></div><div id="outer" data-widget="paragraph-widget" style="background-color:transparent;padding:0px 24px 8px 24px;text-align:left;font-size:100%;line-height:1.3;letter-spacing:0" class="Widget-module_outer__PBh8P Paragraph-module_container__-DJUN"><div id="inner" style="border-radius:0px 0px 0px 0px;width:100%;column-count:1"><p>CRC is the second most common cause of cancer-related deaths in the US, with 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HUTCHMED’s partner Takeda will pay a milestone payment of $20m as the result of over $200m worth of sales for Fruzaqla (fruquintinib), which treats metastatic colorectal cancer (CRC).","image":"https://cdn.magloft.com/pdf-import/1144/images/img_5-1.jpg","cover":"https://cdn.magloft.com/publication-14882/screenshots/articles/269375.jpg?ts=1731582666","date":1731628800000,"unlockType":"free","categories":[],"pdfPageId":"URDpOnBg8MYH","visible":true,"showOnToc":true,"bookmark":false,"position":10,"publicationId":14882,"pwaOptinId":null,"seoDescription":"In late October, HUTCHMED’s partner Takeda will pay a milestone payment of $20m as the result of over $200m worth of sales for Fruzaqla (fruquintinib), which treats metastatic colorectal cancer (CRC).","classificationIds":[],"pwaSubscriptionIds":[],"source":"typeloft2","trending":false,"html":"\u003cpage-widget padding=\"16 0 24 0\"\u003e\u003cparagraph-widget padding=\"0 24 0 24\"\u003eNews\u003c/paragraph-widget\u003e\u003chorizontal-rule-widget padding=\"0 24 0 24\" color=\"#a31f29\"\u003e\u003c/horizontal-rule-widget\u003e\u003cheading-widget padding=\"0 24 16 24\" font-size=\"90\" type=\"h2\"\u003e\u003cspan style=\"font-family: \u0026quot;Roboto Slab\u0026quot;;\" class=\"__bold\"\u003eHUTCHMED set to receive $20m in funding from Takeda for colorectal cancer drug sales\u003c/span\u003e\u003c/heading-widget\u003e\u003cparagraph-widget padding=\"0 24 8 24\"\u003e\u003cspan class=\"__bold\" style=\"color: rgb(38,37,35)\"\u003eIn late October, HUTCHMED’s partner Takeda, will pay a milestone payment of $20m as the result of over $200m worth of sales for FRUZAQLA (fruquintinib), which treats metastatic colorectal cancer (CRC). \u003c/span\u003e\u003c/paragraph-widget\u003e\u003cparagraph-widget padding=\"0 24 8 24\"\u003eTakeda owns exclusive worldwide rights to FRUZAQLA, which include the rights to further manufacture, commercialise and develop the drug outside of mainland China, Macau and Hong Kong. The company delivered $203m in sales over the course of nine months, ending in September 2024. In these territories, fruquintinib is marketed by HUTCHMED and Eli Lilly and Company under the name ELUNATE. The drug was approved by the US Food and Drug Administration (FDA) in November 2023, with approval from the European Commission (EC) seven months later in 2024. The drug is currently going through more international approvals, with Switzerland, Canada, Japan, the UK, Argentina and Singapore having already granted approvals from August to October.\u003c/paragraph-widget\u003e\u003cimage-widget padding=\"8 24 16 24\" aspect-ratio=\"1.0981308411214954\" magnify-label=\"center\" source=\"https://cdn.magloft.com/pdf-import/1144/images/img_5-1.jpg#image/jpeg\"\u003e\u003c/image-widget\u003e\u003cparagraph-widget padding=\"0 24 8 24\"\u003e“The achievement of $200m in sales is a testament to Takeda’s commercial strength in launching global brands, the clinical benefit of fruquintinib and the success of our partnership strateg y for commercialising our medicines outside of China,” said Dr Weiguo Su, chief executive officer and chief scientific officer of HUTCHMED. “Receiving the $20m milestone payment will strengthen our balance sheet as we look to expand the use of fruquintinib into new indications, and highlights our strateg y of global partnerships across our broad pipeline.”\u003c/paragraph-widget\u003e\u003cparagraph-widget padding=\"0 24 8 24\"\u003eCRC is the second most common cause of cancer-related deaths in the US, with 840,000 new cases across the globe per annum.\u003c/paragraph-widget\u003e\u003c/page-widget\u003e","keywordPhrase":"HUTCHMED","articleAssets":[{"url":"https://cdn.magloft.com/reader/fonts/roboto-slab.css","extension":"css","contentType":"text/css"},{"url":"https://cdn.magloft.com/reader/fonts/open-sans.css","extension":"css","contentType":"text/css"},{"url":"https://cdn.magloft.com/pdf-import/1144/images/img_5-1.jpg","extension":"jpeg","contentType":"image/jpeg"}]},"publicationId":14882},"__N_SSG":true},"page":"/domains/[domain]/articles/[slug]","query":{"domain":"www.pharmafocus.com","slug":"hutchmed-set-to-receive-20m-in-funding-from-takeda-for-colorect-ebe1"},"buildId":"U1LT7ce93wR6IyWFJCllT","isFallback":false,"gsp":true,"scriptLoader":[]}</script></body></html>