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BeiGene, Ltd. American Depositary Shares - BGNE STOCK NEWS

Welcome to our dedicated page for BeiGene, Ltd. American Depositary Shares news (Ticker: BGNE), a resource for investors and traders seeking the latest updates and insights on BeiGene, Ltd. American Depositary Shares stock.

BeiGene, Ltd. (NASDAQ: BGNE) is a global biotechnology company specializing in the development and commercialization of innovative cancer treatments. With a robust portfolio focused on molecularly targeted and immuno-oncology drugs, BeiGene addresses crucial oncology targets such as Bruton's tyrosine kinase (BTK) and the immune checkpoint protein PD-1. The company’s notable products include tislelizumab, a PD-1 inhibitor, and zanubrutinib, a BTK inhibitor, which have shown promising results in treating various cancers. BeiGene’s latest achievements include FDA and European regulatory approvals, significant clinical trial successes, and partnerships aimed at expanding the reach of their therapies globally. The company operates across major markets, including China, the United States, and internationally, striving to make high-quality cancer treatments more accessible. BeiGene’s commitment to advancing global health equity is evident in its innovative drug pipeline and strategic collaborations.

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BeiGene announced the final results of the ALPINE trial, demonstrating that BRUKINSA has superior progression-free survival (PFS) compared to IMBRUVICA in patients with relapsed or refractory chronic lymphocytic leukemia (CLL). The trial involved 652 patients globally; BRUKINSA achieved a PFS rate of 78.4% at 24 months versus 65.9% for IMBRUVICA. Additionally, BRUKINSA exhibited a favorable cardiac safety profile, with fewer cardiac events leading to treatment discontinuation. The FDA is currently reviewing the supplemental New Drug Application (sNDA) for BRUKINSA, with a decision expected by January 20, 2023.

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Phanes Therapeutics has entered a clinical supply agreement with BeiGene (NASDAQ: BGNE) to study PT199, an anti-CD73 monoclonal antibody, in combination with BeiGene's tislelizumab for advanced solid tumors. The Phase I clinical trial (NCT05431270) will assess the safety and efficacy of this combination in patients who have not responded to standard treatments. PT199 is designed to inhibit immunosuppressive environments in tumors and aims to enhance antitumor immune responses.

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BeiGene announced the final progression-free survival (PFS) results from the ALPINE trial, comparing BRUKINSA (zanubrutinib) with IMBRUVICA (ibrutinib) in relapsed/refractory CLL and SLL patients. The findings, to be presented at the American Society of Hematology (ASH) Annual Meeting on December 13, 2022, showed superior PFS for BRUKINSA (HR: 0.65). With nearly 30 months of follow-up, BRUKINSA demonstrated a favorable safety profile and lower discontinuation rates compared to ibrutinib. Investor events will be held in New Orleans and via webcast.

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BeiGene has received European Commission approval for BRUKINSA (zanubrutinib) to treat adult patients with chronic lymphocytic leukemia (CLL), expanding its treatment options for both treatment-naïve and relapsed/refractory cases. BRUKINSA demonstrated superior efficacy compared to IMBRUVICA in clinical trials, achieving an overall response rate of 80.4% versus 72.9%. The drug also has a favorable safety profile with lower rates of atrial fibrillation. This approval opens up significant growth opportunities for BeiGene in the European market.

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BeiGene (NASDAQ: BGNE) has received approval in Brazil for BRUKINSA (zanubrutinib) to treat adult patients with Waldenström’s macroglobulinemia (WM) and relapsed/refractory marginal zone lymphoma (MZL). This follows its previous approval for mantle cell lymphoma (MCL). BRUKINSA is designed for targeted BTK inhibition and supports a broad clinical program, with over 4,700 subjects in 35 trials globally. It is now approved in 58 markets, enhancing access to innovative cancer treatments worldwide.

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BeiGene reported strong financial results for Q3 2022, with product revenue of $349.5 million, an 82% increase from the prior year. Key products, BRUKINSA and tislelizumab, generated revenues of $155.5 million and $128.2 million, respectively. BRUKINSA demonstrated superior Progression-Free Survival compared to IMBRUVICA in its Phase 3 ALPINE trial. Despite a net loss of $557.6 million, the company maintains a robust cash position of $5.1 billion for future investments and growth.

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BeiGene has announced its participation in two investor conferences: the 6th Annual Cowen IO Next Virtual Conference on November 11 at 9:40 a.m. ET and the 13th Annual Jefferies Global Healthcare Conference on November 16 at 11:25 a.m. ET. A live webcast will be available on BeiGene's investor website, with an archived replay accessible for 90 days post-event. BeiGene is dedicated to developing affordable oncology medicines and operates globally with over 9,000 employees across multiple locations including Beijing, Cambridge, and Basel.

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BeiGene, a global biotechnology company, announced the acceptance of 15 abstracts for the upcoming American Society of Hematology (ASH) Annual Meeting from December 10-14, 2022, in New Orleans. Among the highlights are three oral presentations focusing on BRUKINSA (zanubrutinib) and the novel Bcl-2 inhibitor BGB-11417. These findings showcase significant progress in developing treatments for B-cell malignancies. An investor event is scheduled for December 11, at 8:00 PM CST to discuss the data presented.

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BeiGene has received marketing authorization from the European Commission for BRUKINSA (zanubrutinib), making it the first approved Bruton’s Tyrosine Kinase (BTK) inhibitor for marginal zone lymphoma (MZL) in the European Union. This approval covers all EU member states, Iceland, and Norway, granting an additional year of marketing protection due to significant clinical benefits shown over existing therapies. The drug, well-tolerated in trials, achieved a 68% response rate and 26% complete remission in patients.

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BRUKINSA® has received marketing authorization for treating rare blood cancers in six Latin American countries. BeiGene, a global biotech firm, announced this progress as part of their mission to improve access to innovative medicines. The approvals cover Argentina, Chile, Ecuador, El Salvador, Mexico, and Paraguay, targeting conditions like mantle cell lymphoma and marginal zone lymphoma. With over 55 global approvals, BRUKINSA is supported by a clinical program involving 4,500 subjects across 35 trials.

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FAQ

What is the current stock price of BeiGene, Ltd. American Depositary Shares (BGNE)?

The current stock price of BeiGene, Ltd. American Depositary Shares (BGNE) is $176.5 as of December 20, 2024.

What is the market cap of BeiGene, Ltd. American Depositary Shares (BGNE)?

The market cap of BeiGene, Ltd. American Depositary Shares (BGNE) is approximately 19.0B.

What type of company is BeiGene, Ltd.?

BeiGene, Ltd. is a global biotechnology company focused on developing and commercializing innovative cancer treatments.

What are some of BeiGene’s notable products?

Some of BeiGene’s notable products include tislelizumab, a PD-1 inhibitor, and zanubrutinib, a BTK inhibitor.

What markets does BeiGene operate in?

BeiGene operates in major markets including China, the United States, and internationally.

What recent achievements has BeiGene accomplished?

Recent achievements include the FDA and European regulatory approvals for its cancer treatments, significant clinical trial successes, and strategic partnerships.

What are BeiGene’s primary focus areas in oncology?

BeiGene focuses on molecularly targeted and immuno-oncology drugs, addressing targets like BTK and the immune checkpoint protein PD-1.

How does BeiGene contribute to global health equity?

BeiGene contributes to global health equity by developing innovative cancer treatments and forming strategic collaborations to make these therapies more accessible.

What are the financial highlights for BeiGene's latest quarter?

For the latest quarter, BeiGene reported total revenues of $752 million with significant growth in BRUKINSA product sales in the U.S. and Europe.

What is the significance of BeiGene's drug zanubrutinib?

Zanubrutinib is a BTK inhibitor that has shown promising results in treating various cancers, leading to increased market share and regulatory approvals.

What strategic initiatives is BeiGene currently pursuing?

BeiGene is focusing on expanding its global presence, advancing its innovative drug pipeline, and enhancing collaborations to broaden the accessibility of its cancer treatments.

What impact has BeiGene made on cancer treatment accessibility?

BeiGene has made significant strides in making high-quality cancer treatments more accessible globally through innovative drug development and strategic partnerships.

BeiGene, Ltd. American Depositary Shares

Nasdaq:BGNE

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BGNE Stock Data

18.99B
87.65M
19.46%
47.93%
0.94%
Biotechnology
Pharmaceutical Preparations
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United States of America
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