$HUTCHMED(00013)$ Last month, the company announced the sale of a 45% stake in Shanghai and Huang Pharmaceutical for 4.478 billion yuan. This move is clearly a strategic shift, with the company opting to divest profitable assets and focus its resources on innovative drugs.
The shift indicates the company’s belief in the higher ROI of investing in innovation. Particularly the new generation of antibody-drug conjugates (ADC) platform, which holds immense potential.
If things go smoothly, the first candidate drug could enter clinical trials by the second half of 2025, opening up new growth opportunities for the company.

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