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BeOne Medicines Ltd. 8-K Report, Corporate Update (Jan 25, 2022)

Filed January 25, 2022For Securities:ONCBEIGF

Summary

BeiGene, Ltd. (ONC) reported significant progress on two key fronts in late January 2022. The company announced that its supplemental new drug application for BRUKINSA® (zanubrutinib) for Waldenström’s macroglobulinemia (WM) has been accepted by China's NMPA. This acceptance represents a crucial step towards expanding the market access for this important BTK inhibitor in a major global market. Furthermore, BeiGene disclosed positive interim findings from its global Phase 3 RATIONALE 305 trial for tislelizumab. The trial, testing tislelizumab in combination with chemotherapy as a first-line treatment for gastric or gastroesophageal junction (G/GEJ) adenocarcinoma, met its primary endpoint of overall survival (OS) in a specific subgroup of patients with PD-L1 expression. While additional follow-up is required for the broader patient population, these results are highly encouraging, demonstrating the potential of tislelizumab in a significant oncology indication.

Key Highlights

  • 1China's NMPA accepted a supplemental new drug application (sNDA) for BRUKINSA® (zanubrutinib) for the treatment of Waldenström’s macroglobulinemia (WM).
  • 2This sNDA acceptance is a key step for market expansion of BRUKINSA® in China.
  • 3Positive interim findings from the global Phase 3 RATIONALE 305 trial of tislelizumab were announced.
  • 4The RATIONALE 305 trial tested tislelizumab in combination with chemotherapy for first-line treatment of gastric or G/GEJ adenocarcinoma.
  • 5The trial met its primary endpoint of overall survival (OS) in patients with PD-L1 expression at the interim analysis.
  • 6Additional follow-up is needed to confirm OS benefits in the intention-to-treat (ITT) population.
  • 7The safety profile of tislelizumab in combination with chemotherapy was consistent with previous observations, with no new safety signals.

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