New Chinese approval for BeiGene's Xgeva
The China National Medical Products Administration (NMPA) has granted another approval to Chinese biotech BeiGene (Nasdaq: BGNE) for Xgeva (denosumab).
The label indicates use for the prevention of skeletal-related events in people with bone metastases from solid tumors and in patients with multiple myeloma.
BeiGene has a license to market Xgeva in China following a rights deal with developer Amgen (Nasdaq: AMGN), agreed in late 2019, which also included Kyprolis (carfilzomib) and Blincyto (blinatumomab).
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