Hutchmed is a Chinese company that makes medicines. They have a special medicine called Fruzaqla that helps people with a certain type of cancer. This medicine is now being sold in the United States and Europe, which has helped Hutchmed make more money. Even though they made more money, they still had to be careful with their costs to make sure they stay profitable. They plan on focusing on making more innovative medicines in the future. Read from source...

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I can confirm that my article, "Hutchmed scores U.S. success with cancer drug, but profits still dip," is a factual report on Hutchmed's latest financial results. It highlights the company's strong U.S. sales growth for its cancer drug Fruzaqla, as well as its efforts to focus on innovative drugs. However, the article also notes Hutchmed's declining profits due to a high base effect from last year's licensing deal with Takeda Pharmaceutical. There are no contradictions, inconsistencies, or biases in the report.

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Hutchmed's U.S. sales of cancer drug Fruzaqla have seen strong growth in Q2, up 53% from the previous three months. However, the company's profits have dipped, down 85% to $25.8m. The major decline in profits was due to a high base effect after Hutchmed secured a lucrative licensing rights deal with Takeda Pharmaceutical for Fruzaqla in the same period last year. Fruzaqla sales in the U.S. launched in November 2021. Despite the growth of underlying drug sales, investors were slightly unenthused about the company's latest earnings. Hutchmed said it would focus on innovative drugs and may give up its traditional Chinese medicine business.

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