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By Josh Beckerman
BeiGene Ltd. (BGNE) American depositary shares recently traded up 23% to $170 after hours as Amgen Inc. (AMGN) agreed to buy a 20.5% stake in the biotechnology company for about $2.7 billion.
BeiGene and Amgen agreed to jointly 20 develop drugs from Amgen's pipeline.
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(END) Dow Jones Newswires
October 31, 2019 19:08 ET (23:08 GMT)
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