Beigene Ltd Stock Price, News & Analysis

BeiGene announced its plan to change its name to BeOne Medicines and its Nasdaq ticker to ONC, reflecting its commitment to fight cancer through global collaboration. The company aims to develop innovative medicines and improve treatment accessibility while addressing barriers to access. BeiGene has already helped over 1.4 million patients and plans to introduce more than 10 new potential medicines into clinical trials this year.

BeiGene reported strong Q3 2024 financial results with $1 billion in quarterly revenue, marking significant growth. BRUKINSA global revenue reached $690 million, with U.S. sales of $504 million (87% growth) and European sales of $97 million (217% growth). The company expanded its oncology pipeline with four new molecular entities entering clinical trials this quarter. Product revenue grew 67% to $993 million, with gross margin at 83%. While operating loss decreased 10%, the company achieved positive non-GAAP operating income of $66 million and generated $188 million in operating cash flow.

BeiGene (NASDAQ: BGNE; HKEX: 06160; SSE: 688235), a global oncology company, has announced its participation in the Jefferies London Healthcare Conference. The company will engage in a fireside chat on November 20, 2024, at 2:30 p.m. GMT. Investors can access the live webcast through BeiGene's investor relations websites, with a replay available for 90 days after the event.

BeiGene announced new data presentations at ASH 2024, featuring 21 abstracts including four oral presentations. The five-year follow-up results of the Phase 3 SEQUOIA study showed sustained progression-free survival benefits with BRUKINSA in CLL/SLL patients. Long-term extension studies demonstrated durable responses and favorable safety profiles across multiple B-cell malignancies.

The company also presented promising early data for their BTK degrader BGB-16673 and BCL2 inhibitor sonrotoclax. The first-in-human Phase 1/2 CaDAnCe-101 study showed manageable safety and promising efficacy for BGB-16673, while sonrotoclax in combination with BRUKINSA demonstrated promising efficacy in treatment-naïve CLL/SLL patients.

BeiGene (NASDAQ: BGNE) announced the passing of Donald Glazer, a Board member and chair of the nominating and corporate governance committee. Glazer, who helped establish the company in 2010, served as a passionate board member and was instrumental in building connections among cancer doctors worldwide. As a founding member, he supported BeiGene's mission to deliver innovative medicines faster and more affordably to patients globally. Despite his personal battle with lung cancer and multiple myeloma, Glazer's impact continues through a family charitable fund.

BeiGene announced positive CHMP opinions recommending extended authorization for TEVIMBRA® (tislelizumab) in two new indications:

1. First-line treatment of gastric or gastroesophageal junction (G/GEJ) adenocarcinoma in combination with chemotherapy for HER2-negative locally advanced unresectable or metastatic cancer with PD-L1 TAP score ≥ 5%.

2. First-line treatment of esophageal squamous cell carcinoma (ESCC) in combination with chemotherapy for unresectable, locally advanced or metastatic cancer with PD-L1 TAP score ≥ 5%.

These recommendations are based on positive results from the RATIONALE-305 and RATIONALE-306 Phase 3 trials, which demonstrated significant overall survival benefits for TEVIMBRA in combination with chemotherapy compared to placebo plus chemotherapy in both indications.

BeiGene (NASDAQ: BGNE) announced its participation in the 12th International Workshop on Waldenström's Macroglobulinemia (IWWM) with seven presentations featuring research on BRUKINSA® (zanubrutinib), BTK CDAC degrader BGB-16673, and BCL2 inhibitor sonrotoclax. Key findings include:

1. Long-term safety and efficacy data from ASPEN LTE1 study showing maintained or improved efficacy in ibrutinib-treated patients who switched to BRUKINSA.

2. Preliminary data from CaDAnCe-101 study demonstrating BGB-16673's tolerable safety profile and promising antitumor activity in heavily pretreated patients.

3. Updated results from a Phase 2 study showing BRUKINSA's efficacy in patients intolerant to other BTK inhibitors.

4. Analysis of ASPEN study indicating faster peripheral neuropathy symptom resolution with BRUKINSA compared to ibrutinib.

5. Phase 1 study results showing sonrotoclax's tolerability and encouraging antitumor activity in heavily pretreated R/R WM patients.

BeiGene (NASDAQ: BGNE) announced that the FDA's Oncologic Drugs Advisory Committee (ODAC) recognizes the favorable benefit-risk profile of PD-1 inhibitors, including TEVIMBRA® (tislelizumab-jsgr), for first-line treatment of advanced esophageal squamous cell carcinoma (ESCC) and gastric/gastroesophageal junction (G/GEJ) cancers with PD-L1 expression >1%. The committee voted to recommend a class-wide PD-L1 expression level cut-off across PD-1 inhibitors for these indications.

The ODAC voted 10-2 (1 abstaining) against using PD-1 inhibitors in G/GEJ with PD-L1 expression <1%, and 11-1 (1 abstaining) against use in ESCC patients with PD-L1 expression <1%. BeiGene's Phase 3 RATIONALE-305 (G/GEJ) and RATIONALE-306 (ESCC) studies met their overall survival endpoints. The Biologics License Applications (BLAs) for TEVIMBRA in these indications are under FDA review.

BeiGene, (NASDAQ: BGNE; HKEX: 06160; SSE: 688235), a global oncology company, has appointed Shalini Sharp to its Board of Directors and as a member of the Board's Audit Committee, effective September 27, 2024. Ms. Sharp, a leading financial executive with extensive experience in the pharmaceutical and investment banking industries, currently serves on the boards of Neurocrine Biosciences and Organon & Co. She previously held positions as CFO and Executive VP at Ultragenyx and CFO and VP at Agenus.

John V. Oyler, Co-Founder, Chairman and CEO of BeiGene, welcomed Ms. Sharp, highlighting her extensive experience in leading innovative global pharmaceutical companies as valuable for BeiGene's growth phase, market expansion, and pipeline advancement. Ms. Sharp expressed excitement about joining BeiGene's Board, emphasizing the company's commitment to innovation and mission to lower barriers to access worldwide.