BeiGene 2017
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I was invited to the BeiGene conference in May 2017. This is a global life science company and focuses on precision medicine (an approach to targeted treatment) for cancer. They were showcasing their gene-edited drug candidate, TYK2, for solid tumours. The conference was held in Shenzhen, China. It was a beautiful city with an ancient culture. But for a science conference, I would say, a conference was not necessary. I didn’t expect a big media presence. But as it turned out,
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In 2017 BeiGene, a Shanghai-based biopharmaceutical company, announced the positive results of a Phase III clinical study of BGB-1116, a novel fusion protein therapy. The study, titled “A Phase III, Double-Blind, Randomized, Placebo-Controlled Trial of BGB-1116 in Patients with Active T-cell Lymphoma or Diffuse Large B-cell Lymphoma,” was conducted in collaboration with the University
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BeiGene, a biotechnology firm based in Shanghai, China, completed a successful IPO on Apr 5, 2017. It listed its American Depository Shares (ADS) for the public market through an IPO-cum-selling-shares. It received a total proceeds of $625M through this transaction, representing a 64% premium to its $377M IPO price, with a market capitalization of $1.34B. The company’s
PESTEL Analysis
At the end of 2017, BeiGene announced its year-end results and the year closed with a 76% surge in its revenue. Revenue grew by 32% to $802.1 million, with the US being the biggest contributor, with revenue increasing by 61% to $267.3 million. This is quite a feat, given that the company was not even established a year earlier, in 2016. Apart from the US market, there was a growth of
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Problem Statement of the Case Study
In 2017, I was working at a marketing agency called 5F. Our client was BeiGene, a Chinese biotech pharmaceutical company. It was a big opportunity, because BeiGene was just established, and they were going to launch a new drug in the US for cancer treatment. The drug was called Gemtuzumab ozogamicin (also known as TK239), and it had been developed by our own pharmaceutical division at the agency. I was responsible