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BeiGene, Ltd. American Depositary Shares - BGNE STOCK NEWS

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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 has announced that BRUKINSA (zanubrutinib) received approval from the Saudi Food and Drug Authority for treating adult patients with mantle cell lymphoma (MCL) who have undergone at least one prior therapy. With this approval, BRUKINSA is now authorized in 11 countries, including the U.S., China, Canada, and Australia. The company is collaborating with NewBridge Pharmaceuticals to enhance BRUKINSA's availability in the Middle East and North Africa (MENA) region. This milestone reflects BeiGene's commitment to expanding access to effective cancer therapies.

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BeiGene reported a remarkable third quarter with product revenue reaching $192.5 million, up 111% from $91.1 million year-over-year. Key approvals for BRUKINSA in the U.S. include new indications, while the FDA accepted the first BLA for tislelizumab targeting esophageal cancer. Total revenue for the quarter was $206.4 million, with a net loss of $413.9 million. Cash and equivalents totaled $3.9 billion. The company continues to expand its global footprint, emphasizing affordability and accessibility for cancer treatments.

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BeiGene announced positive results from the SEQUOIA trial, showcasing that BRUKINSA (zanubrutinib) outperforms traditional chemoimmunotherapy in patients with treatment-naïve chronic lymphocytic leukemia (CLL). Achieving significant improvements in progression-free survival, the data reflects strong efficacy with low rates of atrial fibrillation, a common side effect of other treatments. Additional findings suggest BRUKINSA's potential for patients intolerant to existing BTK inhibitors. These results will be presented at the American Society of Hematology meeting from December 11-14, 2021.

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BeiGene announced that BRUKINSA (zanubrutinib) received regulatory approval in Russia for treating adult patients with mantle cell lymphoma (MCL) who have undergone at least one prior therapy. This marks the first approval of BRUKINSA in Russia, expanding its reach to ten countries globally. The drug, distributed exclusively by Nanolek, showed an overall response rate of 83.7% in clinical trials. The approval reinforces BRUKINSA's status as a competitive treatment option for patients with MCL.

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BeiGene announced the approval of BRUKINSA® (zanubrutinib) in Australia for adults with mantle cell lymphoma (MCL) who have undergone at least one prior therapy. This marks the second indication for BRUKINSA in Australia, following its initial approval for Waldenström’s macroglobulinemia in October 2021. Currently, BRUKINSA is authorized in nine countries for MCL. With an overall response rate of 83.7% from clinical trials, the new indication provides patients with critical treatment options as MCL is typically hard to treat and often diagnosed late.

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BeiGene has announced that BRUKINSA (zanubrutinib) has received approval in Australia for treating mantle cell lymphoma (MCL) in adult patients who have undergone at least one prior therapy. This marks the drug's second approved indication in Australia, following its initial approval for Waldenström's macroglobulinemia. To date, BRUKINSA is approved in nine countries for MCL. The drug achieved an overall response rate of 83.7% in clinical trials, reflecting its potential as a new treatment option for MCL patients in Australia.

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BeiGene has announced that its drug BRUKINSA (zanubrutinib) has received approval from the Australia Therapeutic Goods Administration for treating adult patients with Waldenström’s macroglobulinemia who have undergone at least one prior therapy or are first-line treatment candidates. This follows a recent approval in Singapore for the treatment of mantle cell lymphoma. The approval is based on results from the ASPEN clinical trial, which showed BRUKINSA's higher response rates and improved tolerability compared to ibrutinib.

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BeiGene has received TGA approval in Australia for its BTK inhibitor BRUKINSA (zanubrutinib), aimed at treating adult patients with Waldenström’s macroglobulinemia (WM) who have had prior therapy or are unsuitable for chemo-immunotherapy. This follows a recent approval in Singapore for treating mantle cell lymphoma patients. The approval is based on the ASPEN trial, which showed BRUKINSA's efficacy versus ibrutinib. Immediate access will be provided through a BeiGene-sponsored program.

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BeiGene (NASDAQ: BGNE) has been added to several FTSE Russell indices, including the FTSE Global Equity Index Large Cap and FTSE Developed ESG Low Carbon Select Index, effective September 17, 2021. This inclusion enhances the company's visibility in the global investment community and supports its commitment to sustainability. BeiGene aims to increase access to cancer treatments globally and has a goal to radically improve access to medicines for two billion people by 2030. CEO John V. Oyler and ESG Lead Christine Riley Miller emphasized the company's dedication to innovative and equitable health solutions.

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BeiGene's European commercial team is preparing to launch BRUKINSA, its first medicine submitted for EU marketing authorization, pending approval. The CHMP has recommended approval for BRUKINSA (zanubrutinib) for adult patients with Waldenström’s macroglobulinemia, based on the Phase 3 ASPEN trial results. BRUKINSA showed a higher very good partial response rate and a favorable safety profile compared to ibrutinib. The final decision by the European Commission is expected within 67 days.

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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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18.99B
87.65M
19.46%
47.93%
0.94%
Biotechnology
Pharmaceutical Preparations
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