Day: July 13, 2020

Chinese Biotech Beigene to Raise $2.1 Billion in Share Sale

(Bloomberg) — Chinese biotech company Beigene Ltd. plans to raise $2.1 billion in a direct offering of 145.8 million shares to fund drug research and market its treatments in the U.S. and China, said the Nasdaq-listed company on Monday. The shares will be priced at $14.23 each, equivalent to a price of $185 per American