BeiGene ADSs Up 23% on Amgen Deal

Date : 10/31/2019 @ 11:23PM
Source : Dow Jones News
Stock : Amgen Inc (AMGN)
Quote : 241.49  0.99 (0.41%) @ 1:00AM
After Hours
Last Trade
Last $ 241.49 ◊ 0.00 (0.00%)

BeiGene ADSs Up 23% on Amgen Deal

BeiGene (NASDAQ:BGNE)
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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.

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

October 31, 2019 19:08 ET (23:08 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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