BeiGene posts strong 3rd-qtr 2024 sales growth
Sino-American oncology company BeiGene (Nasdaq: BGNE) has announced third-quarter 2024 financials, showing the total revenues was $1,002 million, up 28% compared to $781 million in the same period of 2023.
The company noted that the third quarter of 2023 resulted in the recognition of the remaining deferred revenues from the former Novartis collaborations, which contributed $183 million of the total revenue in the prior year period.
Product revenue was $993 million, compared to $595 million in the same period of 2023, representing an increase of 67%.
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