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LONDON, Dec. 20, 2019 (GLOBE NEWSWIRE) — Hutchison China MediTech Bound (“Chi-Med”) (AIM/Nasdaq: HCM) today announces that the Center for Biologic Evaluation (CDE) of China’s National Medical Articles Administration (“NMPA”) has accustomed Antecedence Assay cachet to the New Biologic Application (“NDA”) for surufatinib for the assay of patients with avant-garde non-pancreatic neuroendocrine tumors (“NET”).

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“Surufatinib is our additional biologic to be accustomed antecedence assay by the NMPA,” says Christian Hogg, Chief Executive Officer of Chi-Med. “We are alive carefully with the NMPA as they assay our NDA for the assay of non-pancreatic NET. Surufatinib actuality accustomed antecedence assay is a absolute footfall avant-garde in potentially bringing this avant-garde biologic to patients, who currently accept actual bound assay options.”

In November 2019, the NDA for surufatinib for the assay of non-pancreatic NET was accustomed for assay by the NMPA, and the U.S. Food and Biologic Administration accustomed Orphan Biologic appellation to surufatinib for the assay of pancreatic NET.

About Surufatinib

Surufatinib (previously accustomed as HMPL-012 or sulfatinib) is a novel, articulate angio-immuno kinase inhibitor that selectively inhibits the tyrosine kinase activity associated with vascular endothelial advance agency receptor (“VEGFR”) and fibroblast advance agency receptor (FGFR), which both arrest angiogenesis, and antecedents aesthetic factor-1 receptor (CSF-1R), which regulates tumor-associated macrophages, announcement the body’s allowed acknowledgment adjoin bump cells.  Its different bifold apparatus of activity may be actual acceptable for accessible combinations with added immunotherapies. Surufatinib is in several late-stage and proof-of-concept analytic trials in China and proof-of-concept analytic trials in the U.S.

According to Frost & Sullivan, the bazaar for anti-angiogenesis VEGF/VEGFR inhibitors in China has developed from US$500 actor in 2015 to over US$1.5 billion in 2019 and is accustomed to adeptness US$5 billion by 2026.

Chi-Med currently retains all rights to surufatinib worldwide.

Non-Pancreatic neuroendocrine tumors in China: In 2015, we accomplished the SANET-ep study, a Phase III abstraction of surufatinib in avant-garde neuroendocrine tumors – extra-pancreatic patients in China for whom there is no able therapy. In June 2019, a 198 accommodating acting assay was conducted, arch the absolute abstracts ecology board to actuate that the abstraction met the pre-defined primary endpoint of progression-free adaptation (“PFS”) and should be chock-full early. In November 2019, the NDA was accustomed for assay by the NMPA.

Pancreatic neuroendocrine tumors in China: In 2016, we accomplished the SANET-p study, which is a cardinal Phase III abstraction in patients with low- or intermediate-grade, avant-garde pancreatic neuroendocrine tumors in China. The primary endpoint is PFS. We apprehend an acting assay in the aboriginal bisected of 2020 and acceptance to complete in 2020 (clinicaltrials.gov identifier: NCT02589821).

Neuroendocrine tumors in the U.S. and Europe: We are planning a U.S. allotment abstraction in neuroendocrine tumors patients based on the auspicious abstracts from the Phase II and Phase III studies of surufatinib in neuroendocrine tumors in China (clinicaltrials.gov identifier: NCT02267967), and the advancing Phase Ib abstraction in the U.S. (clinicaltrials.gov identifier: NCT02549937).

Biliary amplitude blight in China: In March 2019, we accomplished a Phase IIb/III abstraction comparing surufatinib with capecitabine in patients with avant-garde biliary amplitude blight whose ache progressed on first-line chemotherapy. The primary endpoint is all-embracing adaptation (OS) (clinicaltrials.gov identifier NCT03873532).

Immunotherapy combinations: In November 2018 and September 2019, we entered into accord agreements to appraise the safety, tolerability and adeptness of surufatinib in aggregate with anti-programmed corpuscle afterlife protein 1 (PD-1) monoclonal antibodies. This included all-around collaborations to appraise the aggregate of surufatinib with Tuoyi®, accustomed in China by Shanghai Junshi Biosciences Co. Ltd, and with Tyvyt®, accustomed in China by Innovent Biologics, Inc.

About Neuroendocrine Tumors (NET)

Neuroendocrine tumors anatomy in beef that collaborate with the afraid arrangement or in glands that aftermath hormones. They can arise in assorted genitalia of the body, best generally in the gut or the lungs and can be amiable or malignant. Neuroendocrine tumors are about classified as pancreatic neuroendocrine tumors or non-pancreatic neuroendocrine tumors. Accustomed targeted therapies accommodate Sutent® and Afinitor® for pancreatic neuroendocrine tumors, or well-differentiated, non-functional gastrointestinal or lung neuroendocrine tumors.

According to Frost and Sullivan, there were 19,000 anew diagnosed cases of neuroendocrine tumors in the U.S. in 2018. Importantly, neuroendocrine tumors are associated with a almost continued continuance of adaptation compared to added tumors. As a result, there were about 141,000 estimated patients active with neuroendocrine tumors in the U.S. in 2018 of which over 90%, or about 132,000, were non-pancreatic neuroendocrine bump patients.

In China, there were about 67,600 anew diagnosed neuroendocrine bump patients in 2018 and, because the accepted accident to prevalence arrangement in China, potentially as abounding as 300,000 patients active with the ache in the country1. It is estimated that about 80% of the patients active with neuroendocrine tumors in China are non-pancreatic neuroendocrine bump patients.

About Chi-Med

Chi-Med (AIM/Nasdaq: HCM) is an avant-garde biopharmaceutical aggregation which researches, develops, articles and markets biologic products. Its Innovation Platform, Hutchison MediPharma, has about 490 scientists and agents absorption on discovering, developing and commercializing targeted analysis and immunotherapies in oncology and autoimmune diseases. It has a portfolio of eight blight biologic candidates currently in analytic studies about the world. Chi-Med’s Bartering Platform manufactures, markets, and distributes decree drugs and customer bloom products, accoutrement an all-encompassing arrangement of hospitals beyond China.

Chi-Med is headquartered in Hong Kong and is dual-listed on the AIM bazaar of the London Stock Exchange and the Nasdaq All-around Select Market. For added information, amuse visit: www.chi-med.com.

Forward-Looking Statements

This columnist absolution contains advanced statements aural the acceptation of the “safe harbor” accoutrement of the U.S. Private Securities Litigation Reform Act of 1995. These advanced statements reflect Chi-Med’s accepted expectations apropos approaching events, including its expectations apropos the NDA approval and barrage of surufatinib for the assay of patients with non-pancreatic NET in China, the added analytic development of surufatinib in non-pancreatic NET, pancreatic NET and added indications, its expectations as to whether analytic studies of surufatinib would accommodated their primary or accessory endpoints, and its expectations as to the timing of the achievement and the absolution of after-effects from such studies. Advanced statements absorb risks and uncertainties. Such risks and uncertainties include, amid added things, assumptions apropos the capability of its abstracts to abutment NDA approval of surufatinib for the assay of patients with non-pancreatic NET in China, its abeyant to accretion active approvals for surufatinib beneath antecedence assay in China and in added jurisdictions such as the U.S. and EU, the assurance contour of surufatinib, the abeyant for surufatinib to become a new accepted of affliction for non-pancreatic NET patients, its adeptness to apparatus and complete its added analytic development affairs for surufatinib, its abeyant bartering barrage of surufatinib in China and added jurisdictions and the timing of these events. Existing and -to-be investors are cautioned not to abode disproportionate assurance on these advanced statements, which allege alone as of the date hereof. For added altercation of these and added risks, see Chi-Med’s filings with the U.S. Securities and Exchange Commission and on AIM. Chi-Med undertakes no obligation to amend or alter the advice independent in this columnist release, whether as a aftereffect of new information, approaching contest or affairs or otherwise.

CONTACTS

1 According to Frost & Sullivan, in 2018, there were 19,000 anew diagnosed cases of NETs in the U.S and an estimated 141,000 patients active with NETs. The accepted accident to prevalence arrangement in China is estimated at 4.4, lower than the 7.4 arrangement in the U.S. due to lower admission to assay options.

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