Sino-American biotech BeiGene (HKEX: 06160) shot up on Wednesday, after the company's chronic lymphocytic leukemia (CLL) treatment was shown to beat out a blockbuster drug from Johnson & Johnson (NYSE: JNJ).
BeiGene announced that its Brukinsa (zanubrutinib) achieved superior Progression-Free Survival (PFS) versus J&J’s Imbruvica (ibrutinib) in a final analysis of the Phase III ALPINE trial, as assessed by an independent review committee (IRC) and investigator. Brukinsa was generally well tolerated; safety findings at the final PFS analysis were consistent with prior reports.
American-traded shares of BeiGene closed up 20.5% at $151.67 on Wednesday, while in Hongkong they rose 13.9% to 95.99 renminbi by early afternoon trading today.
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