8-KEarnings & ResultsOther EventsExhibits & Filings

BeOne Medicines Ltd. 8-K Report, Financial Results (Jan 16, 2018)

Filed January 16, 2018For Securities:ONCBEIGF

Summary

BeOne Medicines Ltd. (ONC), now referred to as BeiGene, Ltd. in this filing, announced on January 16, 2018, the commencement of a proposed underwritten public offering of American Depositary Shares (ADSs). The company aims to raise approximately $650 million, with an option for underwriters to purchase an additional $50 million in ADSs. This offering is being made under an effective shelf registration statement. In conjunction with the offering, BeiGene disclosed its preliminary cash and cash equivalents and short-term investments position as of December 31, 2017, estimated to be between $835 million and $840 million. This provides investors with a snapshot of the company's liquidity. The filing also indicates that updated business and risk factor disclosures are being provided to prospective investors through a preliminary prospectus supplement, a press release, and a company presentation, which are incorporated by reference.

Key Highlights

  • 1BeiGene, Ltd. announced a proposed public offering to raise approximately $650 million.
  • 2The company has granted underwriters an option to purchase an additional $50 million of ADSs.
  • 3Estimated cash and cash equivalents, plus short-term investments, stood between $835 million and $840 million as of December 31, 2017.
  • 4The offering is being conducted under a previously filed effective shelf registration statement.
  • 5Updated business and risk factor disclosures are provided in supplementary documents.
  • 6The filing includes a press release, updated company disclosure, and investor presentation materials.

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