Amgen's $2.8B deal to acquire stake in BeiGene closes

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Amgen’s $2.8 billion deal to acquire stake in BeiGene closes

By Staff Report / Thursday, January 2nd, 2020 / Comments Off on Amgen’s $2.8 billion deal to acquire stake in BeiGene closes

Amgen’s deal to acquire a minority stake in Chinese oncology research firm BeiGene closed Jan. 2, with a $2.8 billion cash price tag. The deal includes rights to commercialize Amgen’s Xgeva, Kyprolis and Blincyto products in China, and an equal share of profits or losses in the first five years. At $174.85 per share, the…

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