BeiGene, Ltd. (NASDAQ: BGNE) Director Sells $1573250.00 in Stock

Celgene may be gaining ground on some large drugmaking rivals with its acquisition of Bei Gene Thursday

About 211,606 shares traded or 129.76% up from the average. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. John Oyler, CEO sold $4,394,085 worth of shares at a price of $44.61 on Friday the 23rd. The shares were sold at an average price of $40.80, for a total value of $590,008.80. Bessemer Group Inc, a New Jersey-based fund reported 69,448 shares. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.

Xiaodong Wang, Director sold $590,876 worth of shares at a price of $40.86 on Thursday the 4th. The company is -23.63% away from its 52 weeks high and is moving 4.72% ahead of its 52 week low.

BeiGene (NASDAQ BGNE) opened at 52.27 on Thursday. 04, 2017, the great number of shares disposed, came courtesy the Director; Wang Xiaodong disposed a total of 14,461 shares at an average price of $40.8, amounting to approximately $590,009. Anti-TIGIT is an investigational immuno-oncology therapy meant to block suppression of the immune system in tumors and enable immune system antitumor activity, similar to marketed checkpoint inhibitors that target the PD-L1/PD-1 axis. If you are reading this article on another site, it was illegally copied and reposted in violation of the USA and global copyright and trademark legislation. The stock has an average rating of Buy and a consensus price target of $50.33. Wells Fargo upgraded the shares of TBK in a report on Friday, May 26 to "Outperform" rating. Finally, Zacks Investment Research downgraded BeiGene from a "hold" rating to a "sell" rating in a research note on Monday, March 27th.

Several large investors have recently modified their holdings of BGNE. The firm now has a buy rating on the stock. Vident Investment Advisory LLC raised its position in BeiGene by 9.7% in the fourth quarter.

Among 6 analysts covering Nautilus Group (NYSE: NLS), 4 have Buy rating, 0 Sell and 2 Hold. Following the sale, the director now owns 55,000 shares in the company, valued at approximately $2,200,000.

The transfer of ownership could prove to be a win for the companies, helping Beigene establish a commercial presence ahead of the potential launch of its own portfolio, and giving Celgene a ticket out of direct responsibility for selling brand-name medicines in China, a growing challenge for big foreign drugmakers facing challenges to premium pricing there. Institutions now own 45.30% of the company. In the last 90 days, insiders have sold 189,649 shares of company stock valued at $8,197,529.

The goal is to commercialize Beigene's investigational anti-programmed cell death protein 1 (PD-1) inhibitor, BGB-A317, for patients with solid tumor cancers in the United States, Europe, Japan and rest of world outside Asia.

CELG will buy 32.7M, or 5.9%, of BGNE's shares at $4.58 each, or $59.55 per ADS; BGNE will receive $263M in upfront license fees and be eligible to receive up to $980M in development, regulatory and sales milestone payments and royalties on future sales of the tumor cancer treatment.

Shares of BeiGene closed Wednesday down almost 4% at $52.27, with a consensus analyst price target of $47.00 and a 52-week trading range of $24.53 to $54.59.

Related News:



Most liked

Blac Chyna's Attorney Is 'Exploring All Legal Remedies' Against Rob Kardashian
Kardashian had also allegedly sent a series of racist and homophobic texts after images of Jones and Chyna appeared. We also know that Rob truly violated Chyna by posting nude photos of her, along with his bad display of anger.

John Morgan Sues Florida for Smokeable Medical Marijuana
But now Morgan says that the Florida legislature has ignored the original goal of the amendment in favor of money and donors. Critics have slammed the idea of smokeable medical marijuana as just another way to legalize recreational marijuana.

Southern Alberta shaken by Montana quake
For residents in Spokane, which is the second most-populated city in Washington State , it will be particularly shocking. Reports from Helena, southeast of the quake, mentioned a fairly strong aftershock a few minutes after the first shaker.

Manchester Airport evacuated after 'suspect item' found
It is the smallest terminal at Manchester Airport and is used for domestic flights as well as some flights to the U.S. and Europe. It comes after holidaymakers faced chaos yesterday when the airport's Terminal 1 was evacuated due to a major leak.

19-Year-Old US Soldier Killed In Afghanistan Day Before Independence Day
Afghan media reported dozens of airstrikes and ground raids in recent days against the Taliban in the district. The previous USA military fatalities in Afghanistan this year included three conventional US soldiers - Sgt.

PM Modi 'experiments' for country's betterment: Manjhi on GST rollout
GST, he said, was really a Good and Simple Tax which would just take a little getting used to like every new pair of spectacles. The integration of the Indian economy into a single entity will improve economic efficiency, it said.

Novak Djokovic beats Gael Monfils to claim Eastbourne title
It was the 12-time Grand Slam champion's first grass-court title since winning Wimbledon in 2015 and the 68th title of his career. Djokovic set about putting Monfils under pressure right away and was rewarded with a break in the first game of the match.

Andy Murray vs. Alexander Bublik 2017 Wimbledon Pick, Odds, Prediction
The value plays on the WTA tennis odds are likely French Open runner-up Jelena Ostapenko (+1400) and Caroline Garcia (+6600). The Croatian reached the Queen's final last week and should have beaten Federer at the quarter-final stage past year.

Vivo's officially unveils its under-display fingerprint sensor
The second phase - always the more exciting phase - is really what we've been waiting for: in-display fingerprint scanning. The ultrasonic sensors can scan through 800 micrometers of the cover glass, while the previous limit was 400 micrometers.

Goodwin Fire Near Mayer Burns More Than 4000 Acres
On the bright side, State Route 69 is re-opened, and the citizens of the town of Mayer have been reunited with their homes. Firefighters are working around the clock battling not only the flames but also brutal heat waves and gusting winds.

Another Trumpcare plan: Just don't get sick
At least five Republicans have so far publicly stated that they can not support the legislation in its current form. House health care legislation negatively, according to polling conducted by the American Medical Association .

Deputies: Woman gives birth to child fathered by 11-year-old
Marissa Ashley Mowry , 25, of Port Richey , was charged with sexual assault and sexual battery on an victim under 12 years of age. The Hillsborough County Sheriffs Office Child Protective Division is also investigating the incident, WFLA added .

Mueller and Comey not as close as Trump and others suggest
Of course, Trump could delete the tweets at any time - he's already deleted a handful of tweets during his presidency. We've entered a realm of reality in which we cannot trust a single word that the sitting U.S.

Brazil's president says corruption charge is 'fiction'
Lula is being prosecuted in five separate criminal cases, on charges ranging from corruption to influence-trafficking. A third of Temer's cabinet and dozens of members of congress are being investigated for corruption .

Russell Westbrook wins NBA MVP; Rockets, Bucks take 2 awards
I can't do this all by myself, so I appreciate them. "You can always achieve your dreams if you have faith and you sacrifice". Both players received all 100 first-team votes from a panel of sports writers and broadcasters.