Citigroup Maintains Buy Rating for BeiGene: Here's What You Need To Know

Citigroup has decided to maintain its Buy rating of BeiGene BGNE and raise its price target from $285.00 to $290.00.

Shares of BeiGene are trading down 2.84% over the last 24 hours, at $187.37 per share.

A move to $290.00 would account for a 54.77% increase from the current share price.

About BeiGene

BeiGene Ltd is a commercial-stage biotechnology company. It is engaged in the discovery and development of molecularly targeted and immuno-oncology drugs for the treatment of cancer. The company has developed a proprietary cancer biology platform that addresses the importance of tumor-immune system interactions and the value of primary biopsies in developing new models to support its drug discovery effort. It has developed clinical-stage drug candidates that inhibit the important oncology targets Bruton's tyrosine kinase, or BTK; RAF dimer protein complex and PARP family of proteins, and an immuno-oncology agent that inhibits the immune checkpoint protein receptor PD-1. Its geographical segments are China, the United States, and the Rest of the world.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.