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.

Ben Affleck steps out with a new woman
Affleck and Shookus have been spending time overseas as the Oscar-winner finishes reshoots on the upcoming " Justice League ". Lindsay , 37, was also seen leaving the Argo actor's bachelor pad in Brentwood last month.

Middle-earth: Shadow of Mordor Nemesis Forge Lets You Import Your Nemesis
As added incentive to get into the fray, you can try Shadow of Mordor free for the rest of the week through Xbox One or Steam . Middle-Earth: Shadow of War is coming to Xbox One, Xbox One X, PlayStation 4 , PS4 Pro and PC on 10th October 2017.

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.

Qatar plans to increase gas production despite sanctions
On Monday, Qatar delivered to Kuwait its response to the list of demands issued by the four Arab countries. In 1997, when its first shipment of LNG sailed to Japan, Qatar's exports were valued at around $5bn.

Flower breed named after Modi in Israel
They have marched on regardless of adversity and converted challenges into opportunities. The tides between our talented innovative people is natural.

Aaron Judge and Gary Sanchez to compete in MLB Home Run Derby
The slugger announced on the Yankees' Twitter account on Monday that he would participate in next week's Home Run Derby in Miami. It's a great thing for baseball that we may have a chance to see Judge and Stanton in a possible final for this event.

Ram Nath Kovind, Meira Kumar in Hyderabad for election campaign
One Tripura TMC MLA Dilip Sarkar is now in Delhi and he too has supported the decision, he said. Barman did not say anything about whom they will vote for in the July 17 presidential election.

Earnings Performance Check on General Motors Company (NYSE: GM)
In case of Revenue Estimates, 28 analysts have provided their consensus Average Revenue Estimates for Visa Inc.as 4.36 Billion. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link .

Woman throws coins at plane's engines for luck
Often you must have seen Indians tossing coins out of a train's window at a river body below when the train passes over a bridge. The pilot told the media that the coins could have inflicted serious damage on the engine if they had not been detected.

Andy Murray limps with a sore hip, pulls out of Wimbledon warm-up
Federer, now favourite with Murray only third in the betting, warned: "Andy needs to feel he could play for 14 days, or seven matches".

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.

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.

McEnroe: Williams would be ranked 'like 700' on men's tour
We may never find out, but maybe we could one day see her take the court against McEnroe himself as the next best thing. Serena Williams is not a fan of John McEnroe saying that she would be "like No. 700 in the world" on the men's circuit.