BertScott
04-24

$HUTCHMED(00013)$ has been pretty beaten down lately, mostly due to some negative buzz around major shareholders. But honestly, this might just be a buying opportunity.

Their core product, Fruquintinib, pulled in $290 million in overseas sales last year, with $110 million going straight into Hutchmed’s pocket, that’s top-tier among Chinese drugs going global, just behind Brukinsa and Xalkori.

Plus, they’ve got $800 million in cash sitting around, and another $600 million coming in from selling their TCM business, that’s $1.4 billion total. In the cutthroat world of innovative pharma, that kind of war chest means survival and staying power. At current prices, this could be the calm before the bounce.

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