Hydrogen Utopia inks partnership with North Macedonia partner
2024-12-12 02:33:59
Hydrogen Utopia International PLC (LSE:HUI, OTCQB:HUIPF) has partnered with TF Capital Dooel to develop a waste plastic-to-hydrogen facility in North Macedonia. The agreement, led by HUI's subsidiary HUI2021 International UK Limited, outlines TF Capital's responsibilities, including securing permits, conducting feasibility studies, and developing a business plan and market entry strategy.
Launch of the Reserved Capital Increases for creditors under the Accelerated Safeguard Plan of Atos
2024-12-12 02:30:00
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN. THIS PRESS RELEASE IS AN ADVERTISEMENT AND NOT A PROSPECTUS WITHIN THE MEANING OF REGULATION (EU) 2017/1129 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL OF JUNE 14, 2017
Hexagon acquires inspection and 3D modelling software capabilities from 3D Systems
2024-12-12 02:22:00
STOCKHOLM , Dec. 12, 2024 /PRNewswire/ -- Hexagon today announced the acquisition of 3D Systems' Geomagic suite of interoperable software packages, which are used to create high quality 3D models from multiple sources, including laser scanning. The Geomagic suite, which includes products such as Design X, Control X, Freeform and Wrap, is capable of automating the processing of 3D scan data to build digital models from physical objects, which can then be used to generate history based parametric CAD models for use in product manufacturing.
Autoliv and JMC Form Strategic Partnership for Innovation and Expansion
2024-12-12 02:22:00
STOCKHOLM , Dec. 12, 2024 /PRNewswire/ -- Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), the worldwide leader in automotive safety systems, today announced that Jiangling Motors Co., Ltd (JMC), a renowned Chinese automotive manufacturer, and Autoliv (Shanghai) Management Co., Ltd, will start a new strategic cooperation to advance innovation and support global expansion. JMC is a leading company in China's commercial vehicle industry and a new force in the field of passenger vehicles.
Meta Donates $1 Million To Trump's Inaugural Fund Weeks After CEO Zuckerberg Met President-Elect
2024-12-12 02:20:56
Meta has donated $1 million to President-elect Donald Trump's inaugural fund, the company confirmed to various news outlets on Wednesday, a move that comes just weeks after its CEO Mark Zuckerberg met with Trump at his Mar-a-Lago residence in an apparent bid to mend years of strained ties.
Tradeweb Exchange-Traded Funds Update - November 2024
2024-12-12 02:10:00
Trading activity on the Tradeweb European ETF marketplace amounted to EUR 64 billion in November, the platform's best monthly performance this year so far. The proportion of transactions executed via Tradeweb's Automated Intelligent Execution (AiEX) reached an all-time record of 90.7%, while the percentage of AiEX volume registered at 24.9%. Total consolidated U.S. ETF notional value traded in November reached USD 65.7 billion, the platform's third best-performing month in 2024.
Stellantis to extend stoppage at Mirafiori plant until Jan. 20, union says
2024-12-12 02:08:14
Stellantis will extend the stoppage of car production at its Italian Mirafiori plant by a further two weeks, until Jan. 20, the head of the FIOM-Cgil trade union at the site said on Thursday.
ARGT: Riding The Libertarian Wave Of Economic Revival
2024-12-12 02:07:18
The Global X MSCI Argentina ETF offers a liquid investment in Argentina's top companies, providing exposure to the country's economic potential under libertarian policies. President Javier Milei's vision includes reducing welfare, lowering taxes, promoting entrepreneurship, lowering inflation, and stabilizing the economy to foster growth and prosperity. Argentina's rich natural resources, historical success, and human capital position it for a resurgence with the right policies.
Equinor ASA: Notifiable trading
2024-12-12 02:00:00
Allocation of shares to certain primary insiders and their close associates in Equinor (OSE: EQNR, NYSE: EQNR) under Equinor's share savings plan.
Ecora Resources PLC Announces Portfolio Update
2024-12-12 02:00:00
LONDON, UK / ACCESSWIRE / December 12, 2024 / Ecora Resources PLC (LSE:ECOR)(TSX:ECOR), the leading royalty company focused on supporting the supply of commodities essential to creating a sustainable future, issues a portfolio update following recent updates from the operators of key projects in Ecora's royalty and stream portfolio. Corporate On 4 December, FTSE Russell announced that Ecora Resources will be included in the FTSE UK SmallCap Index and the FTSE UK All-Share Index.
3D Systems Announces Sale of Geomagic® Software Portfolio
2024-12-12 02:00:00
ROCK HILL, S.C., Dec. 12, 2024 (GLOBE NEWSWIRE) -- Following a strategic review of the Company's software investment strategy, 3D Systems (NYSE:DDD) today announced that it has signed a definitive agreement to sell its Geomagic software portfolio to the Manufacturing Intelligence Division of Hexagon, a global leader in digital reality solutions, combining sensor, software, and autonomous technologies, for $123 million. The transaction is expected to close in the first half of 2025, following the completion of customary regulatory reviews. The Geomagic product portfolio is a powerful, proven integrated software tool kit that includes Design X, Control X, Freeform, Wrap, and Geomagic for SolidWorks. The Geomagic portfolio has built a strong user base in, among other things, the market for creating digital models from physical objects that can then be used to manufacture the finished component. This process, commonly known as ‘reverse engineering,' automates the processing of scan data captured with a 3D scanner to create accurate CAD models. Certain Geomagic products can also be used to design from scratch or modify existing models and to accurately measure and inspect parts for quality control purposes when finished. As a leader in scanning technologies, Hexagon is ideally positioned to harness the power of the Geomagic portfolio to offer a more complete scan-to-CAD workflow, to bridge the physical and digital worlds.
Nokia and Elisa deploy Europe's first commercial 5G Cloud RAN deployment with Red Hat OpenShift
2024-12-12 02:00:00
Press Release Nokia and Elisa deploy Europe's first commercial 5G Cloud RAN deployment with Red Hat OpenShift Nokia's Cloud RAN solution ready for commercial deployment following a successful deployment with Elisa in Espoo, Finland powered by Red Hat OpenShift Cloud RAN supports Elisa's efforts to provide more agile network services to its customers, by transforming network usage closer to the network edge Nokia's anyRAN approach offers customers more flexibility, openness, security, and choice in their selection of cloud infrastructure Piloting cloud-native models offers Elisa valuable insight moving toward the 6G era 12th December 2024Espoo, Finland – Nokia today announced that it has successfully completed a commercial Cloud RAN deployment with the Finnish telco and digital service provider, Elisa in Espoo, Finland. This means that Elisa is now able to deploy Nokia's commercial Cloud RAN solution, which can co-exist with purpose-built networks in hybrid environments and evolve into full cloud-native networks, supporting the rising demand for RAN cloudification.
Party City weighing second bankruptcy in less than two years: report
2024-12-12 01:59:18
Party City has faced growing competition from powerhouse retailers such as Walmart and Target, and increasingly occasion-based pop-up stores such as Spirit Halloween for years.
Natural Gas and Oil Forecast: OPEC Cuts Demand Growth Outlook for 2025
2024-12-12 01:52:06
OPEC lowers 2025 oil demand growth outlook amid weak demand forecasts, rising U.S. inventories, and non-OPEC supply pressures. What's next for energy markets?
Pirelli investor Camfin plans to raise stake to 29.9%, Italian daily says
2024-12-12 01:43:48
Camfin, the family vehicle of Pirelli's executive vice chairman Marco Tronchetti Provera, is planning to increase its stake in the tyremaker to 29.9% from 26.1%, Italian daily Il Messaggero reported on Thursday.
Oxford Industries, Inc. (OXM) Q3 2024 Earnings Call Transcript
2024-12-12 01:36:52
Oxford Industries, Inc. (NYSE:OXM ) Q3 2024 Earnings Conference Call December 11, 2024 4:30 PM ET Company Participants Brian Smith - IR Tom Chubb - Chairman and CEO Scott Grassmyer - CFO and COO Conference Call Participants Ashley Owens - KeyBanc Capital Markets Ethan Saghi - BTIG Mauricio Serna - UBS Paul Lejuez - Citigroup Operator Greetings, and welcome to the Oxford Industries Third Quarter Fiscal 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
IDEX Biometrics ASA: Listing of Warrants – 12 Dec 2024
2024-12-12 01:30:00
Reference is made to the private placement (the “Private Placement”) completed in IDEX Biometrics ASA (the “Company”) on 17 September 2024, and to the subsequent offering completed in the Company on 29 November 2024 (the “Subsequent Offering”). The subscribers in the Private Placement and the Subsequent Offering were allocated two warrants, Warrants A and Warrants B (collectively, the “Warrants”), respectively, issued by the Company for every two Offer Shares allocated to, and paid by, them in the Private Placement and the Subsequent Offering. As previously announced by the Company, the Company shall use reasonable efforts to seek to ensure that the Warrants are admitted to trading on Euronext Oslo Børs.
ONWARD Medical Ranks in Top 15 Percent Globally for Corporate Sustainability
2024-12-12 01:30:00
EcoVadis silver medal recognizes Company's environmental and social impact Demonstrates ongoing commitment to integrating sustainable business practices EINDHOVEN, the Netherlands, Dec. 12, 2024 (GLOBE NEWSWIRE) -- ONWARD Medical N.V. (Euronext: ONWD), the medical technology company creating innovative spinal cord stimulation therapies to restore movement, function, and independence in people with spinal cord injury (SCI), today announces it has been awarded a silver medal by EcoVadis, the world's largest provider of business sustainability ratings.
InMode: Product Origination And Undervaluation Make The Stock A Buy
2024-12-12 01:17:21
InMode Ltd. demonstrates impressive net income growth from non-invasive surgical products, with new platforms Define and Envision expected to drive future business growth. The company's innovative technologies in plastic surgery, dermatology, gynecology, and ophthalmology, along with ongoing stock repurchases, make InMode a compelling buy. Strong financials show consistent income growth and significant cash flow, with minimal liabilities, indicating a robust financial position and undervaluation.
Pony AI: An Attractive Autonomous Driving Technology Play
2024-12-12 01:16:52
Initiating coverage on Pony AI with a 'Buy' rating, citing industry tailwinds and significant growth potential in autonomous driving technology over the next 24–36 months. PONY's robotaxi and robotruck segments show strong early growth, with strategic partnerships and regulatory approvals positioning the company for future expansion. Despite current losses, the company's high R&D investment and industry partnerships are expected to drive innovation and long-term profitability.
EverQuote: Ripe Buying Moment (Rating Upgrade)
2024-12-12 01:16:29
Shares of EverQuote have drifted downward since the election in spite of very strong Q3 results, while the rest of the market has rallied sharply. EverQuote's revenue and variable marketing margin more than doubled in Q3 as auto insurance carriers continued to vie for policy switchers and pay handsomely for EverQuote's leads. Part of investors' nervousness could be stemming from the threat of Canada/Mexico tariffs, which will put upward pressure on auto part prices and hence insurer profitability.
Is the Delta Air Lines stock a buy near its all-time high?
2024-12-12 01:15:00
Delta Air Lines stock price has done well this year, and is hovering near its all-time high of $67.45 as the aviation industry continues to recover. It has risen by over 57% this year, outperforming the S&P 500 and Nasdaq 100 indices that have jumped by less than 30%.
Adobe Inc. (ADBE) Q4 2024 Earnings Call Transcript
2024-12-12 01:09:16
Adobe Inc. (NASDAQ:ADBE ) Q4 2024 Earnings Conference Call December 11, 2024 5:00 PM ET Company Participants Steve Day - SVP, DX CFO & Corporate Finance, Interim Head of IR Shantanu Narayen - Chair & CEO David Wadhwani - President, Digital Media Business Anil Chakravarthy - President, Digital Experience Business Dan Durn - EVP & CFO Conference Call Participants Michael Turrin - Wells Fargo Alex Zukin - Wolfe Research Kirk Materne - Evercore ISI Keith Weiss - Morgan Stanley Keith Bachman - BMO Brad Sills - Bank of America Jay Vleeschhouwer - Griffin Securities Operator Good day, and welcome to the Q4 and FY ‘24 Adobe Earnings Conference Call. Today's conference is being recorded.
Equinix, Inc. (EQIX) Barclays 22nd Annual Global Technology Conference (Transcript)
2024-12-12 01:09:13
Equinix, Inc. (NASDAQ:EQIX ) Barclays 22nd Annual Global Technology Conference Call December 11, 2024 7:15 PM ET Company Participants Arun Dev - Global Leader of Digital Interconnection Services Katie Morgan - Senior Manager of Investor Relations and Sustainability Conference Call Participants Brendan Lynch - Barclays Bank PLC Brendan Lynch Good afternoon, everyone. My name is Brendan Lynch.
Fortinet, Inc. (FTNT) Barclays 22nd Annual Global Technology Conference (Transcript)
2024-12-12 01:09:10
Fortinet, Inc. (NASDAQ:FTNT ) Barclays 22nd Annual Global Technology Conference December 11, 2024 4:55 PM ET Company Participants Michael Xie - Founder, President and Chief Technology Officer Keith Jensen - Chief Financial Officer Conference Call Participants Saket Kalia - Barclays Saket Kalia All right. Well, hey, good afternoon, everyone.
2024-12-12 01:00:00
Quobly Forges Strategic Collaboration with STMicroelectronics to Accelerate its Quantum Processor Manufacturing for Large-Scale Quantum Computing Solutions
Black Stone Minerals: Distribution Coverage Should Improve From Q3 2024 Levels
2024-12-12 00:45:00
Black Stone Minerals reported 1x distribution coverage for Q3 2024. It saw an 8% quarter-over-quarter production decline. BSM's Q4 2024 distribution coverage should increase slightly even if its production declines a bit further in the near term.
2024-12-12 00:38:00
LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future”, “FF” or “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that Suede Brooks, a prominent YouTube influencer, fashion model, and designer, will take delivery of her new FF 91 2.0 Futurist Alliance EV at a ceremony with FF executives on Thursday, December 12, in suburban Los Angeles. Known for her significant social media presence and.
ASPI Investors Have Opportunity to Lead ASP Isotopes Inc. Securities Fraud Lawsuit
2024-12-12 00:24:00
NEW YORK , Dec. 12, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, announces that a shareholder filed a class action on behalf of purchasers and acquirers of ASP Isotopes Inc. (NASDAQ: ASPI) securities between October 30, 2024 and November 26, 2024, both dates inclusive (the "Class Period"). If you wish to serve as lead plaintiff, you must move the Court no later than February 3, 2025.
XCCC: An Overlooked High-Yielder With Compelling Risk-Adjusted Attributes
2024-12-12 00:17:04
BondBloxx CCC Rated USD High Yield Corporate Bond ETF has delivered a 28.22% total return since July 2022 and surged 6% in the past six months. The Fund offers sector diversification, intermediate bond exposure, and a compelling 30-day SEC yield of 10.37%, challenging peers such as BlackRock's HYG ETF. Favorable U.S. economic conditions, including lower interest rates and stable inflation, support a bullish outlook for high-yield bonds like the XCCC ETF in 2025.
Maxeon Solar Technologies: Messy Picture Continues - Sell
2024-12-12 00:15:00
Maxeon Solar Technologies reported weak Q3/2024 results as the company continues to suffer from challenging market conditions and persistent inability to import solar panels from Mexico into the United States. U.S. Customs & Border Protection continues to detain panel shipments due to an alleged lack of sufficient documentation of compliance with the Uyghur Forced Labor Prevention Act. The company's results were negatively impacted by substantial inventory write-downs and restructuring charges. Cash outflows remained at elevated levels.
2024-12-12 00:11:00
NEW YORK, NY / ACCESSWIRE / December 12, 2024 / If you suffered a loss on your PACS Group, Inc. (NYSE:PACS) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/pacs-group-inc-lawsuit-submission-form?prid=116122&wire=1 or contact Joseph E. Levi, Esq.
2024-12-12 00:11:00
NEW YORK, NY / ACCESSWIRE / December 12, 2024 / If you suffered a loss on your Symbotic Inc. (NASDAQ:SYM) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/symbotic-lawsuit-submission-form-2?prid=116123&wire=1 or contact Joseph E. Levi, Esq.
Google's Waymo Continues To Surge Ahead Of Tesla
2024-12-12 00:09:43
Waymo is rapidly expanding its services and showing its ability to create a winner-takes-all platform in the autonomous industry. A recent blog announcement of expansion of Waymo service to Miami sent Uber and Lyft stock down by 10% which shows the impact Waymo is having on competitors. Tesla's lofty ambitions for launching autonomous service in 2025 will likely face massive challenges as the company is significantly behind Waymo in terms of human interventions needed.
Mark Zuckerberg's Meta Donates $1 Million to Trump's Inaugural Fund
2024-12-12 00:02:38
The move follows a visit that Mark Zuckerberg, Meta's chief executive, made last month to Mar-a-Lago to meet with President-elect Donald Trump.
If Walgreens Sells To Private Equity, Deal May Join Others Under Fire
2024-12-12 00:00:15
If Walgreens Boots Alliance follows through with a sale to private equity, the company might join other healthcare deals under scrutiny for selling out to such investors.
2024-12-11 23:59:47
Rising gold prices and production are fueling the potential for further gains from the current low share price after the market's 90.33% rally over the past year. Aided by a solid financial position, the company aims to increase gold production and reduce costs through new exploration projects and the planned Paste Backfill Plant at the Golden Chest. IDR's portfolio also includes strategic rare earths and thorium assets which, in the context of US efforts to reduce reliance on Chinese resources, enhance the overall growth prospects of IDR.
Lode Gold: 2024 Year-End Review and 2025 Outlook
2024-12-11 23:56:49
Toronto, Ontario--(Newsfile Corp. - December 11, 2024) - Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: SBMIF) ("Lode Gold " or the "Company") is pleased to provide a year-end update. Dear Investors, I am excited to update you on our progress since I took over as CEO less than a year ago, just before Christmas in December 2023.
BriaCell Therapeutics Announces Pricing of $5.5 Million Public Offering
2024-12-11 23:54:00
PHILADELPHIA and Vancouver, British Columbia, Dec. 11, 2024 (GLOBE NEWSWIRE) -- BriaCell Therapeutics Corp. (Nasdaq: BCTX, BCTXW) (TSX: BCT) (“BriaCell” or the “Company”), a clinical-stage biotechnology company that develops novel immunotherapies to transform cancer care, today announced the pricing of an underwritten public offering of 7,400,000 common shares and warrants to purchase 7,400,000 common shares at a combined public offering price of $0.75 per share and associated warrant. The warrants will have an exercise price of $0.9375 per share and will be immediately exercisable upon issuance for a period of five years following the date of issuance. All of the common shares and associated warrants in the offering are being offered by the Company. Total gross proceeds from the offering, before deducting underwriters discounts and other offering expenses, are expected to be approximately $5.55 million. The offering is expected to close on December 13, 2024, subject to satisfaction of customary closing conditions. The Company is relying upon the exemption set forth in Section 602.1 of the TSX Company Manual, which provides that the TSX will not apply its standards to certain transactions involving eligible interlisted issuers on a recognized exchange, such as Nasdaq.
CGDV: Light On Dividends But An Excellent Mix Of Growth And Value
2024-12-11 23:52:00
CGDV has been the top-performing large-cap value fund since its February 2022 launch, and even after these results, it still offers an attractive combination of growth and value. Its 1.50% dividend yield suggests income is not the focus, and my analysis of its dividend features indicate CGDV's components have the ability to increase dividends but not the willingness. Setting that aside, I believe readers can benefit from CGDV's five-manager approach, as each brings unique skills to the table.
Crocs' Valuation Can Be Capitalized On In The Near Term
2024-12-11 23:48:02
Crocs' post-pandemic growth has slowed, making it less suited for long-term growth investors but appealing as a two-year value play with a projected EV CAGR of ~15%. The valuation model assumes 3.5% revenue growth, EBITDA margin at 26%, and EV-to-EBITDA expansion to 9.5, yielding a December 2026 EV of $10.783 billion. International expansion presents opportunities but also risks, as cultural adaptation and competition could affect revenue and margin stability.
Nutanix Announces Pricing of $750 Million 0.50% Convertible Senior Notes
2024-12-11 23:45:00
SAN JOSE, Calif., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Nutanix, Inc. (“Nutanix”) (Nasdaq: NTNX) , a leader in hybrid multicloud computing, today announced the pricing of $750 million aggregate principal amount of 0.50% convertible senior notes due 2029 (the “notes”) in a private placement (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Nutanix has granted the initial purchasers of the notes an option to purchase up to an additional $112.5 million aggregate principal amount of the notes within a 13-day period from, and including, the initial issuance date of the notes. The sale of the notes to the initial purchasers is expected to settle on December 16, 2024, subject to satisfaction of customary closing conditions.
Nerdy: A Combination Of Strong Financials, Strategic Shift And Niche Opportunity At Discount
2024-12-11 23:37:02
Nerdy, Inc. presents a speculative investment opportunity due to strong financials, insider buying, and a unique market position in online K-12 tutoring. Despite revenue growth challenges and potential education budget cuts under a Trump administration, NRDY's strategic shifts and healthy balance sheet offer resilience. With a current share price of $1.70, I forecast a target price of $2.48, indicating a 45.88% upside potential based on peer group valuation metrics.
2024-12-11 23:30:00
LOS ANGELES, CA / ACCESSWIRE / December 11, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Silvaco Group, Inc. ("Silvaco" or "the Company") (NASDAQ:SVCO) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
Nvidia steps up hiring in China to focus on AI-driven cars, Bloomberg News reports
2024-12-11 23:26:28
Nvidia has added hundreds of staff in China this year to enhance its research capabilities and focus on new autonomous driving technologies, Bloomberg News reported on Wednesday.
Hang Seng Index: Stimulus Hopes and Fed Rate Cut Bets Lift Tech Stocks
2024-12-11 23:21:45
Hang Seng Index climbs as Fed rate cut hopes drive tech stocks; real estate lags amid China stimulus anticipation.
Ormat Announces Pricing of Public Offering of Common Stock on Behalf of Stockholder Orix Corporation
2024-12-11 23:19:00
RENO, Nev., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (“Ormat” or the “Company”), a leading geothermal and renewable energy technology company, announced today the pricing of an underwritten secondary offering of 3,700,000 shares of its common stock on behalf of ORIX Corporation. The offering is expected to close on December 13, 2024, subject to customary closing conditions. Ormat is not offering any of its common stock in the offering for its own account and will not receive any proceeds from the sale of the shares being offered by the selling stockholder.
Sun Hung Kai Properties: A Solid Bet On Recovery In Hong Kong And China
2024-12-11 23:07:15
Sun Hung Kai Properties remains a Buy due to its solid business model, strong financials, and attractive P/B ratio of 0.37. Despite challenges in Hong Kong's retail and office markets, SUHJY's proactive management and low debt-to-assets ratio bolster its investment appeal. SUHJY's FY 2024 underlying profit was HK$21.7 billion, with a 94% retail occupancy rate and gearing expected to decrease by FY 2025.
Up 365% in 2024, what next for the Zip share price?
2024-12-11 23:02:00
Zip share price has done well this year, rising by over 365%, and making it one of the best-performing companies in Australia. It has soared by over 1,050% from its lowest level in 2023, pushing its market cap to over A$3.8 billion.
2024-12-11 23:00:00
HONG KONG and SHANGHAI and FLORHAM PARK, N.J., Dec. 11, 2024 (GLOBE NEWSWIRE) -- HUTCHMED (China) Limited (“HUTCHMED”) (Nasdaq/AIM:HCM; HKEX:13) today announces that the Center for Drug Evaluation of China's National Medical Products Administration (“NMPA”) has granted Breakthrough Therapy Designation (“BTD”) to the combination of ORPATHYS® (savolitinib) and TAGRISSO® (osimertinib) for the treatment of patients with locally advanced or metastatic epidermal growth factor receptor (“EGFR”) mutation‑positive non‑small cell lung cancer (“NSCLC”) with MET amplification after disease progression on EGFR inhibitor therapy. ORPATHYS® is an oral, potent and highly selective MET tyrosine kinase inhibitor (“TKI”). TAGRISSO® is a third-generation, irreversible EGFR TKI.