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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 announced positive topline results from the interim analysis of the Phase 3 SEQUOIA trial for BRUKINSA (zanubrutinib) in treatment-naïve chronic lymphocytic leukemia (CLL) or small lymphocytic lymphoma (SLL). With a median follow-up of 25.8 months, BRUKINSA significantly improved progression-free survival (PFS) compared to bendamustine and rituximab (B+R). The trial showed strong outcomes consistent with BRUKINSA's safety profile. BeiGene plans to consult with regulatory authorities regarding next steps and aims to present data at major medical conferences.

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BeiGene, Ltd. (NASDAQ: BGNE) announced that Health Canada has approved BRUKINSA (zanubrutinib) for treating mantle cell lymphoma (MCL) in adults with at least one prior therapy. This marks the second approval for BRUKINSA in Canada. The therapy showed an overall response rate of 84% in clinical trials. Approximately 13.6% of patients discontinued treatment due to adverse events, with pneumonia being the most common. The drug offers a new option for patients with MCL, which often has a poor prognosis and is typically diagnosed at a late stage.

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BeiGene, Ltd. (NASDAQ: BGNE) has received conditional approval from the China NMPA for KYPROLIS® (carfilzomib), in combination with dexamethasone, to treat adult patients with relapsed or refractory multiple myeloma after at least two prior therapies, including a proteasome inhibitor. This marks the first approval of KYPROLIS in China, following positive results from a Phase 3 trial. The overall response rate was 35.8% and median progression-free survival was 5.6 months. BeiGene plans to enhance treatment options for patients in China with this new addition to their portfolio of cancer therapies.

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BeiGene has announced that the Center for Drug Evaluation (CDE) of the China National Medical Products Administration (NMPA) has accepted a supplemental Biologics License Application (sBLA) for tislelizumab, an anti-PD1 antibody, for treating locally advanced or metastatic esophageal squamous cell carcinoma (ESCC) after first-line chemotherapy failure. Tislelizumab has shown improved efficacy over chemotherapy in a Phase 3 trial involving 512 patients across multiple regions. This sBLA represents the eighth marketing application for tislelizumab, which has already received five approvals in China.

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BeiGene announced that the China National Medical Products Administration (NMPA) has granted approval for its anti-PD-1 antibody tislelizumab for first-line treatment of advanced non-squamous non-small cell lung cancer (NSCLC) and conditional approval for hepatocellular carcinoma (HCC). This brings tislelizumab's total indications in China to five, enhancing its role in treating major cancer types. Based on positive results from recent clinical trials, BeiGene aims to increase access to these therapies in China and globally.

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BeiGene has announced that its drug BRUKINSA (zanubrutinib) has received conditional approval from the China National Medical Products Administration for treating adult patients with Waldenström’s macroglobulinemia (WM) who have undergone at least one prior therapy. This marks the third approval in China for BRUKINSA, which was designed to provide cardiovascular safety advantages and effective responses in treating B-cell malignancies. The approval follows a pivotal Phase 2 trial showing a major response rate of 72.1% in WM patients.

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BeiGene has initiated the global Phase 3 AdvanTIG-302 trial for its investigational anti-TIGIT antibody, ociperlimab (BGB-A1217), in combination with tislelizumab, targeting first-line treatment for locally advanced or metastatic non-small cell lung cancer (NSCLC). The trial aims to enroll approximately 605 patients whose tumors exhibit high PD-L1 expression. Key endpoints include progression-free survival and overall survival. This marks a significant milestone as ociperlimab enters pivotal clinical development, possibly offering a chemotherapy-free treatment alternative for NSCLC patients.

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BeiGene announced long-term follow-up results for pivotal trials of its therapies at the 26th EHA Virtual Congress. Tislelizumab exhibited a 87.1% overall response rate and 67.1% complete response rate in R/R classical Hodgkin's lymphoma after 34 months, with a median progression-free survival of 31.5 months. BRUKINSA demonstrated an 83.7% overall response rate in R/R mantle cell lymphoma, with a median progression-free survival of 33 months over 35 months of follow-up, and continued efficacy in R/R chronic lymphocytic leukemia. All therapies maintained tolerable safety profiles.

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BeiGene presented positive interim results from the Phase 3 ALPINE trial for its BTK inhibitor, BRUKINSA, at EHA2021. The trial showed superiority in the overall response rate (ORR) of 78.3% compared to 62.5% for ibrutinib (p=0.0006). Additionally, BRUKINSA had a significantly lower rate of atrial fibrillation (2.5% vs. 10.1%, p=0.0014) and better progression-free survival (PFS) rates (94.9% vs. 84.0%). The positive data reinforces BRUKINSA's safety and efficacy, offering significant benefits for patients with chronic lymphocytic leukemia.

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BeiGene (BGNE) announced a strategic collaboration with Shoreline Biosciences to develop and commercialize NK-based cell therapeutics using Shoreline's iPSC technology. The partnership includes an upfront cash payment of $45 million and potential milestone payments and royalties. Four therapeutic targets will be jointly developed, with BeiGene leading clinical development globally and Shoreline handling clinical manufacturing. The collaboration aims to accelerate the delivery of advanced cell therapies for patients globally, enhancing BeiGene's pipeline.

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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 $189.23 as of November 15, 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 19.9B.

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

BGNE Rankings

BGNE Stock Data

19.88B
1.25B
19.48%
49.53%
1.42%
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