SAN MATEO, Calif. & BASEL, Switzerland--(BUSINESS WIRE)--Nov 14, 2024--
BeiGene, Ltd. (NASDAQ: BGNE; HKEX: 06160; SSE: 688235), a global oncology company, today announced its intent to change the Company’s name to BeOne Medicines Ltd., confirming its commitment to develop innovative medicines to eliminate cancer by partnering with the global community to serve as many patients as possible.
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“Cancer, a leading cause of death worldwide, exacts an immense toll on individuals, families, and communities. No person, family, scientist, clinician, hospital, policy maker, company or country can or should face this devastating disease alone. We all must work together to win, which is why we are committed to playing a critical role and unifying the global community in the fight against cancer. Our focus is to not only bring innovative medicines to as many people as possible, but also to identify and address the challenges that impede access, making treatments more accessible and affordable,” said John V. Oyler, Co-Founder, Chairman and CEO at BeiGene. “We have already helped more than 1.4 million patients, and with one of the most prolific oncology pipelines, this year we will bring more than 10 new potential medicines into the clinic. I look forward to our next chapter of growth as BeOne.”
About Our Brand Evolution: BeOne Medicines
The proposed new name and logo illustrates our focus on coming together against cancer. Key attributes of the new logo design include:
The new name is part of a broader strategic growth plan that has enabled the Company’s global oncology leadership since its inception in 2010. The Company recently reported $1 billion in quarterly total revenue driven by strong growth in product revenue in the U.S. and Europe. To support its expansive clinical portfolio and global growth, the Company opened its $800 million flagship clinical R&D and manufacturing facility at the Princeton West Innovation Campus in Hopewell, N.J. in July. Once the name is approved by shareholders, the company’s stock ticker on Nasdaq will change to “ONC”.
The Company’s nearly 11,000 colleagues have advanced more than 20 molecules into the clinic and secured regulatory approvals across five continents, and its unique global clinical team comprised of more than 1,800 colleagues conducts clinical trials across Europe, North and South America, Australia, and Asia in more than 45 countries. Its portfolio strategy emphasizes rapid generation of early-stage clinical proof-of-concept data enabled by its speed- and cost-advantaged (“Fast to Proof of Concept”) approach to global clinical operations. The Company has solidified its leadership in hematology with BRUKINSA ® (zanubrutinib), which has the broadest label of any BTK inhibitor and, in the U.S., is the leader in new patient starts in both frontline and relapsed/refractory chronic lymphocytic leukemia in addition to all other approved B-cell malignancies. The Company is advancing this impactful therapy, which is approved in more than 70 markets, as the cornerstone of its hematology franchise as a monotherapy and as a backbone for potential best-in-class combinations with late-stage BCL2 inhibitor sonrotoclax and BTK degrader BGB-16673. In addition, the Company is focused on growing its leadership in solid tumors with its PD-1 inhibitor TEVIMBRA ® (tislelizumab) and by advancing potential best-in-class assets for breast, lung and gastrointestinal cancers across several modalities, including antibody drug conjugates, multi-specific antibodies, targeted protein degraders, and small molecule inhibitors.
About BeiGene
BeiGene, which plans to change its name to BeOne Medicines, is a global oncology company that is discovering and developing innovative treatments that are more affordable and accessible to cancer patients worldwide. With a broad portfolio, we are expediting development of our diverse pipeline of novel therapeutics through our internal capabilities and collaborations. We are committed to radically improving access to medicines for far more patients who need them. Our growing global team of nearly 11,000 colleagues spans five continents. To learn more about BeiGene, please visit www.beigene.com and follow us on LinkedIn, X (formerly known as Twitter), Facebook and Instagram.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including statements regarding BeiGene’s ability to develop innovative medicines and partner with the global community; BeiGene’s ability to make treatments more accessible and affordable; the future growth of the Company; and BeiGene’s plans, commitments, aspirations and goals under the caption “About BeiGene”. Actual results may differ materially from those indicated in the forward-looking statements as a result of various important factors, including BeiGene’s ability to demonstrate the efficacy and safety of its drug candidates; the clinical results for its drug candidates, which may not support further development or marketing approval; actions of regulatory agencies, which may affect the initiation, timing and progress of clinical trials and marketing approval; BeiGene’s ability to achieve commercial success for its marketed medicines and drug candidates, if approved; BeiGene's ability to obtain and maintain protection of intellectual property for its medicines and technology; BeiGene’s reliance on third parties to conduct drug development, manufacturing, commercialization, and other services; BeiGene’s limited experience in obtaining regulatory approvals and commercializing pharmaceutical products; BeiGene’s ability to obtain additional funding for operations and to complete the development of its drug candidates and achieve and maintain profitability; and those risks more fully discussed in the section entitled “Risk Factors” in BeiGene’s most recent quarterly report on Form 10-Q, as well as discussions of potential risks, uncertainties, and other important factors in BeiGene’s subsequent filings with the U.S. Securities and Exchange Commission. All information in this press release is as of the date of this press release, and BeiGene undertakes no duty to update such information unless required by law.
To access BeiGene media resources, please visit our News & Media site.
(Graphic: Business Wire)
U.S.-Israeli strikes on Iran continued for a second day on Sunday after the killing of Iranian Supreme Leader Ayatollah Ali Khamenei threw the future of the Islamic Republic into uncertainty and raised the risk of regional instability.
There were explosions in Tehran on Sunday as Israel said it was taking its attacks to the “heart” of Iran’s capital.
Iran retaliated by firing missiles and drones at Israel and at U.S. military installations around the Gulf, and also at the Saudi capital and the global business hub of Dubai. Earlier Sunday, Iran’s paramilitary Revolutionary Guard threatened to launch its “most intense offensive operation” ever, targeting Israel and U.S. bases.
Iran also selected a 66-year-old cleric to join the three-member leadership council that will govern the country until a new supreme leader is selected.
Here is the latest:
Reza Pahlavi, the exiled son of Iran’s last shah overthrown during the 1979 Islamic Revolution, claims he is taking charge of the transition to a new government.
Speaking to Fox News Channel’s “Sunday Morning Futures,” he said: “This is time now for a very strong, stable transition. I am leading this transition. I have the support of millions of Iranian people. I have the people inside the country that are joining … the military will side with us. We have a plan of action and a transition plan.”
He says that process would lead ultimately “to a democratic outcome so the Iranian people get to choose their future government and system.”
Asked how long his transitional leadership would be, he said that “to be realistic from the time that we start until the day we can have the final referendum, I anticipate a period that should be longer than a couple of years at the most. But what’s critical is the first 100 days.”
Iran’s Foreign Minister Abbas Araghchi says that despite the attacks on his country, “nothing has changed in our … military capability.”
He tells ABC’s “This Week” that in only a few hours after Iran was struck, Tehran retaliated against Israeli targets and American bases “and we have continued to do so. So, our military is in place. They are capable enough to defend our country.”
Asked whether a diplomatic deal with the Trump administration was still possible, he said, “We negotiated with the United States twice in the past 12 months. And in both cases, they attacked us in the middle of negotiation. And that has become a very bitter experience for us.”
He said “a deal was at our reach, and we left Geneva happily with the understanding that we can reach a deal next time we meet.”
First responders dug through rubble in a search for survivors hours after a missile struck a synagogue in a central Israeli town.
At least nine people were killed in the Beit Shemesh region, according to Israeli police. It’s the deadliest attack on Israel since it launched attacks on Iran jointly with the U.S. on Saturday.
The victims were sheltering in a safe room in the synagogue when a missile struck it, according to emergency responders, who said the number of dead could rise.
Crowds of people from the community gathered Sunday overlooking the gaping hole in the ground where the missile struck. The area was surrounded by bombed-out cars, slabs of concrete and houses with their roofs blown off.
“It’s really sad that people came to hide and actually died in a synagogue,” said Chaim Stenge, 13.
Residents said they want the war to continue. “Bibi and Trump well done,” said Hagit Ben Ezra, referring to the Israeli and American leaders. “Bibi Netanyahu has to kill Hamas and Iran so there’s quiet in the Middle East.”
Hundreds of protesters gathered at multiple locations in Istanbul to denounce the Israeli-U.S. attacks on Iran. A demonstration in front of Israel’s Consulate ended with protesters burning the U.S. and Israeli flags as well as posters of President Donald Trump and Israeli Prime Minister Benjamin Netanyahu.
A protest was also held near city hall, where people chanted and held up signs against Israel and the United States.
“We reject and denounce American oppression and America’s actions,” one of the protesters, Ahmet Agirakca, told The Associated Press. “We have gathered here not only to condemn but also to show that we will fight against them for the rest of our lives.”
Another protester, Ali Emre, said he was there to show solidarity with Muslims “and to protest Trump, the USA, and global imperialism.”
A doctor in northern Iran said he and colleagues spent the early hours of Sunday celebrating indoors news of the death of Supreme Leader Ayatollah Ali Khamenei, because armed security forces were heavily deployed in his city.
Security forces were stopping and interrogating people celebrating in their cars, he said, but there was no gunfire.
“It was one of the best nights, if not the best night of our lives,” the doctor said in a voice message from the city of Rasht in northern Iran. He spoke on condition of anonymity for fear of reprisal. “It was actually my first time ever smoking a cigarette. ... We didn’t sleep at all. And we don’t even feel tired.”
The U.S. military is pushing back against claims by Iran’s leadership that the USS Abraham Lincoln aircraft carrier was struck in an attack, stating that the “missiles launched didn’t even come close.”
U.S. Central Command said in a post on X that the American warship continues to launch aircraft. The Lincoln is one of two aircraft carriers that the U.S. military has deployed to the region.
Central Command posted its statement shortly after releasing another statement that three U.S. service members have been killed in the U.S. military operation against Iran.
Iranians in Berlin and Vienna took to the streets to celebrate the death of Supreme Leader Ali Khamenei.
Hundreds gathered in front of the U.S. Embassy in Berlin. They held pre-1979 Iranian flags as well as Israeli and American flags, as they danced and sang near the Brandenburg Gate.
Demonstrators included supporters of Reza Pahlavi, the exiled son of Iran’s last shah overthrown during the 1979 Islamic Revolution.
More than 1,000 people also celebrated in Vienna, according to the city police quoted by the Austrian press agency.
Hundreds of supporters of the Iranian-backed Hezbollah militant group gathered south of Beirut to mourn the death of Iranian Supreme Leader Ali Khamenei
They chanted anthems and slogans paying tribute to Khamenei and Iran. They waved the flags of Iran and Hezbollah, some beating their chests.
Hezbollah is Iran’s most powerful proxy in the region, but it suffered heavy losses in a monthslong war with Israel in 2024. It has not taken military action in solidarity with Tehran, as Lebanon’s political leadership tries to keep the nation out of the conflict for fears of a spillover.
The U.S. military says three service members have been killed and five seriously wounded in the Iran operation.
Central Command made the announcement on social media Sunday without providing additional information.
Italy blamed Iran for provoking the U.S. and Israeli attack, saying its hardening position about its nuclear and long-range missile aspirations had “posed a threat to everyone.”
“The obvious issue was the atomic bomb and the increase in the production of long-range missiles that posed a threat to everyone,” Foreign Minister Antonio Tajani said Sunday.
Tajani also strongly condemned Iran’s retaliatory strikes as “senseless” and said they had only served to further isolate Tehran. He said countries hit by Iran had the right to respond.
“I hope the situation doesn’t worsen but I sensed a strong irritation of all the ministers and leaders of countries hit by Iran about the Tehran regime,” Tajani said.
Sirens ring out periodically in Jerusalem to signal incoming missiles from Iran, but the warnings are received differently in different parts of the city.
In the west of the city, where most Israelis live, the streets are relatively empty, though some kids could be seen running around in neighborhood playgrounds. It seemed Israelis are mainly staying close to home so they can get to shelters quickly if necessary.
In the east of the city, however, Palestinian residents go about their normal lives, shopping for meals during the holy month of Ramadan. There are some public shelters in east Jerusalem but they are far less common than in the west.
Sen. Mark Warner, D-Va., said that the death of Iran’s Supreme Leader Ali Khamenei is creating uncertainty about the trajectory of the conflict.
“We have had very little visibility into what happens next after the supreme leader is eliminated,” Warner told CNN on Sunday. “I think we still don’t know what is happening next.”
Warner said he hoped the Iranian people would rise up, but he didn’t believe that would be the outcome. He said the fear is that the U.S. is seeing the “opening salvos” of “what could be a sustained war in the region.”
Maersk, the world’s biggest shipping company, said it has paused vessels’ traffic through the Ban el-Mandab Strait and the Suez Canal.
The company said in a statement Sunday it has decided to reroute the ships from the Suez Canal to the Cape of Good Hope.
Iranian-backed Houthi rebels in Yemen had targeted vessels in the Bab el-Mandeb and the Red Sea in 2024 and 2025.
Turkish President Recep Tayyip Erdogan emphasized that diplomacy remains “the most rational path forward” during a telephone call with Saudi Crown Prince Mohammed bin Salman.
According to a statement from the Turkish presidency, Erdogan also extended his well‑wishes to Saudi Arabia following recent attacks on the country and warned that, without decisive action, the conflict could escalate with “serious consequences for both regional and global security.”
Hundreds of Iraqis have decried the killing of Iran Supreme Leader Ali Khamenei and expressed solidarity with the Islamic Republic.
The mourners wore black and waved flags belonging to Iran-backed Iraqi militias and red flags that symbolize vengeance in the Shiite Muslim faith as they marched across Sadr City. Some held Iran flags and portraits of Khamenei, who was killed in U.S. and Israeli strikes across the Islamic Republic.
Iraq has for years tried to balance a delicate relationship with both the U.S. and Iran, and has called for an end to the conflict and a return to dialogue.
Iran’s retaliatory strikes on U.S. bases have struck a handful of cities across the Mideast, several in the northern Iraqi city of Irbil.
A leading U.S. senator says he fears that President Donald Trump will cause “a more repressive, more aggressive Iranian regime” by “choosing the path of war when diplomacy was still within reach.”
Sen. Chris Coons, a Delaware Democrat and a member of the Senate Foreign Relations Committee, also says he hopes “our national security apparatus is as prepared as it can be for attacks anywhere in the world against the United States and our interests.”
Coons says he understands Trump “taking a bold gamble” given how “weak” the Iranian leadership was, “but I disagree with this gamble at this point.”
OPEC Plus, a group of eight oil-producing countries, says it will increase oil production by 206,000 barrels a day in April in an effort to mitigate the impact on oil prices during the latest conflict in the Middle East.
The group, which includes Arab Gulf countries and Russia, has said in a statement that its members will “closely monitor and assess market conditions, and in their continuous efforts to support market stability.”
Iran’s President Masoud Pezeshkian said Sunday that a new leadership council “has begun its work” after the death of Supreme Leader Ayatollah Ali Khamenei.
Pezeshkian made the comment in a prerecorded message aired on Iranian state television.
Pezeshkian is one of three officials on the council. The other two are head of judiciary cleric Gholam Hossein Mohseni Ejehei and Ayatollah Ali Reza Arafi.
A second vessel has come under attack in the Strait of Hormuz, according to an agency of the British military.
The U.K. Maritime Trade Operations center said that the attack happened off Mina Saqr, United Arab Emirates.
It said that the vessel had been hit by a projectile that caused a fire. The blaze was extinguished and the vessel will continue on its way.
Another vessel earlier in the Strait of Hormuz off Iran also came under attack. The attacks come as Iranian officials reportedly have been threatening vessels transiting the strait over the radio.
The Strait of Hormuz sees a fifth of the world’s traded oil pass through it.
Kuwait’s Ministry of Health says one person has been killed and 20 people have been wounded in new retaliatory attacks by Iran.
The country’s news agency reported the latest toll. None of the casualties are Kuwaiti citizens, the ministry said.
A dozen people were injured in Kuwait in previous attacks on Saturday.
The Kuwaiti army said Sunday that it has destroyed a number of ballistic missiles and drones launched against the Gulf country “since the start of the Iranian aggression.”
The spokesperson for the Kuwaiti defense ministry, Saud Abdulaziz al-Otwan, said in a statement 97 Iranian ballistic missiles launched toward the State of Kuwait were detected, along with 283. He said debris falling on facilities led to “minor material damage.”
North Korea has condemned the joint U.S.-Israel strikes on Iran as an “illegal act of aggression” and “the most despicable form of violation of sovereignty.”
The North’s foreign ministry in a statement on Sunday said the attack shows how they continue to destabilize the region by pursuing hegemonic interests under the pretext of “fake peace.”
North Korea has suspended meaningful dialogue with Washington since 2019, when a summit between leader Kim Jong Un and President Donald Trump during his first term collapsed over disagreements on exchanging the release of U.S.-led sanctions and the North’s denuclearization steps.
Pyongyang and Tehran were among the few governments in the world that supported Russian President Vladimir Putin’s invasion of Ukraine, and both have been accused of providing Russia with military equipment.
The chairman of the U.S. Senate Intelligence Committee says a priority for its joint military campaign is Iran’s “vast missile arsenal.”
Republican Tom Cotton of Arkansas told CBS’ “Face the Nation” that those missiles threatened American troops “from bases as far flung as the Indian Ocean to Western Europe.”
“We’re stopping a lot of them from being fired before Iran can fire them. It’s much easier to kill the archer on the ground than it is to shoot his arrows out of the sky,” he said in the television interview.
The United Arab Emirates' Defense Ministry said Sunday that three people have been killed so far in Iranian attacks on the country.
The ministry said Iran had launched 165 ballistic missiles targeting the country, of which 152 were destroyed. Thirteen fell into the sea, it added.
Iran launched 541 bomb-carrying drones at the UAE, of which 506 were destroyed. Another 35 struck the country, killing three people from Pakistan, Nepal and Bangladesh, while 58 others were wounded.
Iran fired 97 ballistic missiles and 283 drones at Kuwait since the start of the war between the U.S., Israel and Iran, the Gulf nation’s military said.
The military said in a statement interception operations led to shrapnel falling in parts of the county, causing “limited damage.”
On Saturday, the military said three Kuwaiti troops were wounded when shrapnel landed in the Ali Al Salem air base.
Israel’s police said at least five people were killed and 23 others wounded in a strike that hit central Israel on Sunday.
A spokesperson for the rescue services said searches were ongoing for additional victims.
Iran has so far launched dozens of rockets at Israel.
This follows repeated Iranian attacks on the kingdom.
The state-run Saudi Press Agency said the country expressed “dismay, condemnation and denunciation of the Iranian attacks on the kingdom and the Gulf states.”
It added that the kingdom “will take all necessary measures to defend its security and protect its territory.”
South Korea says it’s preparing emergency evacuation plans and considering the deployment of response teams to the Middle East to guarantee the safety of South Korean nationals.
The Foreign Ministry said Second Vice Foreign Minister Kim Jina chaired back-to-back meetings over the weekend with officials from the country’s embassies in Iran and Israel, as well as other Middle East missions, to assess the conflict’s impact on the safety of Korean nationals.
There are about 60 South Koreans in Iran and about 600 in Israel, including about 100 short-term visitors, according to the ministry. No casualties among South Koreans had been reported as of Sunday, but Kim warned that uncertainty in the region could intensify.
This image provided by U.S. Central Command shows a F/A-18E Super Hornet makes an arrested landing on the USS Abraham Lincoln (CVN 72) after a mission in support of Operation Epic Fury, on Saturday, Feb. 28, 2026. (U.S. Navy via AP)
A black plume of smoke rises from a warehouse at the industrial area of Sharjah City in the United Arab Emirates following reports of Iranian strikes in Dubai, United Arab Emirates, Sunday, March 1, 2026. (AP Photo/Altaf Qadri)
Smoke rises up after a strike in Tehran, Iran, Sunday, March 1, 2026. (AP Photo/Vahid Salemi)
Smoke rises up after a strike in Tehran, Iran, Sunday, March 1, 2026. (AP Photo/Vahid Salemi)
People watches from a rooftop as a plume of smoke rises after a strike in Tehran, Iran, Sunday, March 1, 2026. (AP Photo/Vahid Salemi)
Shiite Muslims hold placards and chant slogans during a protest against the U.S. and Israel, and to show solidarity with Iran, in Lahore, Pakistan, Saturday, Feb. 28, 2026. (AP Photo/K.M. Chaudary)
Government supporters mourn during a gathering after state TV officially announced the death of Iranian Supreme Leader Ayatollah Ali Khamenei, shown in the poster, in Tehran, Iran, Sunday, March 1, 2026. (AP Photo/Vahid Salemi)
A group of men wave Iranian flags as they attend a demonstration in support of the government and against U.S. and Israeli strikes in Tehran, Iran, Saturday, Feb. 28, 2026. (AP Photo/Vahid Salemi)
An incoming projectile explodes over the water as Israel issues a nationwide alert following its strikes on Iran, in Haifa Bay, northern Israel, Saturday, Feb. 28, 2026. (AP Photo/Leo Correa)
People watch as smoke rises on the skyline after an explosion in Tehran, Iran, Saturday, Feb. 28, 2026.(AP Photo)
Ruins remain in the aftermath of an Israeli-U.S. strike in Tehran, Iran, Saturday, Feb. 28, 2026. (AP Photo/Amir Kholousi/ISNA)
