BeiGene (BGNE) Stock Rises on FDA Approval for Cancer Treatment

Dec 30, 2024

BeiGene (BGNE, Financial) saw a pre-market increase of 1.16%, reaching $184. The rise follows the announcement that the U.S. Food and Drug Administration (FDA) has approved BeiGene's drug, Baizean (tislelizumab), for first-line treatment in adults with PD-L1 expressing (≥1) unresectable or metastatic HER2-negative gastric or gastroesophageal junction (G/GEJ) cancer. This approval is based on the results of a global Phase 3 trial, which demonstrated that Baizean, combined with chemotherapy, significantly improves overall survival in patients with advanced gastric cancer. This marks the second FDA approval for Baizean in 2024.

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