Amgen closes deal for $2.8B stake in oncology firm BeiGene

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Amgen closes deal for $2.8B stake in oncology firm BeiGene

By Marissa Nall / Friday, January 10th, 2020 / Comments Off on Amgen closes deal for $2.8B stake in oncology firm BeiGene

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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