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Investment
Amgen to acquire 20.5% stake in BeiGene for $2.7 billion
by Ryan Cross
November 9, 2019
| A version of this story appeared in
Volume 97, Issue 44
Amgen has struck a deal to buy 20.5% of BeiGene, a Chinese cancer drug company, for $2.7 billion—a 36% premium over BeiGene’s stock price when the deal was announced. BeiGene will commercialize three Amgen drugs in China, and the companies will share profits. The two will also work together to develop 20 new drug candidates from Amgen’s pipeline. BeiGene will commit up to $1.25 billion to the project.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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