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Taking Stock of BeiGene’s Latest Performance

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Dec. 28 2018, Updated 3:16 p.m. ET

BGNE overview

BeiGene Limited (BGNE) is a biopharmaceutical company with a focus on bringing to market molecularly targeted and immuno-oncology drugs for the treatment of cancer. In this series, we’ll explore BeiGene’s financials, valuation, and analyst views.

BeiGene has three marketed in-licensed products: Abraxane, Revlimid, and Vidaza in China from Celgene. In September, it acquired Baiji Shenzhou Pharmaceuticals for a consideration of $612.0 million. The latter, a pharmaceutical distribution company, subsequently changed its name to BeiGene Pharmaceuticals.

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Promising product pipeline

BeiGene also has three drug candidates in late stages of development: BGB-3111, BGB-A317, and BGB-290. BGB-3111 is a small molecule inhibitor of Bruton’s tyrosine kinase, BGB-A317 is a humanized monoclonal antibody for immune checkpoint inhibitor PD-1, and BGB-290 is a small molecule inhibitor of PARP1 and PARP2. The company has also filed two new drug applications for BGB-3111 in China and one new drug application for BGB-A317 in China.

Further, BeiGene also has three drug candidates in early development stages: BGB-283, BGB-A333, and BGB-A425. BGB-283 is an RAF dimer protein complex inhibitor, BGB-A333 is a humanized monoclonal antibody for immune checkpoint receptor ligand PD-L1, and BGB-A425 is a humanized monoclonal antibody for T-cell immunoglobulin and mucin domain containing-3. In November, BeiGene announced the dosing of the first patient in a global Phase 3 clinical trial of BGB-3111 compared to ibrutinib in treating patients with relapsed or refractory chronic lymphocytic leukemia or small lymphocytic lymphoma.

BeiGene’s cash per share is $32.25. Amgen (AMGN), bluebird bio (BLUE), and Incyte (INCY) have cash per share of $45.66, $31.45, and $6.36, respectively.

Next, we’ll look at BeiGene’s gross margin trends.

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