HUTCHMED Earns $20 Million Milestone Payment After Takeda Reaches Over $200 Million in Fruquintinib Sales

MT Newswires Live

2024/10/31

HUTCHMED (HCM) said Thursday it earned a $20 million milestone payment from Takeda (TAK) triggered by reaching over $200 million in sales of metastatic colorectal cancer treatment fruquintinib.

Takeda, who holds exclusive global rights to the drug outside of mainland China, Hong Kong and Macau, generated $203 million in net sales of fruquintinib in nine months ended September 2024, the comany said.

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