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Beigene expands into cancer cell therapy with Shoreline pact

June 9, 2021

Beigene has quickly become a force in cancer drug development, earning approvals in the U.S. and China for its targeted therapy Brukinsa and immunotherapy tislelizumab. The biotech is developing a slate of small molecule and antibody drugs aimed at several well-known targets, too.

In late 2019, Amgen agreed to pay nearly $3 billion for a 20% stake in Beigene. Notably, Beigene agreed to help Amgen develop as many as 20 experimental drugs and chip in funding as well, a sign of Amgen’s confidence in the company’s research skills.

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