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Beijing's BeiGene Raises $200 Million in a Secondary Offering

publication date: Nov 22, 2016
BeiGene, a Beijing novel oncology biopharma, completed a $200 million secondary offering last week, up from its initial target of $175 million. The $200 million included $15 million from selling shareholders. In February, BeiGene raised $182 million in a NASDAQ IPO, and it reported $200 million in cash at the end of the third quarter. BeiGene is currently running clinical trials on four novel cancer drug candidates, and its costs have risen as a result: the company reported a loss of $80 million in the first nine months of 2017. More details....

Stock Symbol: (NSDQ: BGNE)

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