Beigene Ltd Adr (BGNE)

Beigene Ltd Stock (BGNE) dropped by 5.32% from $200.21 to $189.55 in the trading on Thursday November 9, 2023. The reason why BGNE stock down today is due to the profit-taking after strong Q3 FY23 results.

• Total revenue of $781 million and global product sales of $595 million, a 102% and 70% increase from the prior-year period, respectively, while steadily improving operating leverage
• Global sales of BRUKINSA totaled $358 million, a 130% increase from the prior-year period, driven by launches in the U.S. and Europe
• Net Income for the quarter was $215.4 million compared to net loss of $557.6 million in the same period of 2022.