Amgen to pick up 20.5% stake in BeiGene to expand in China

Amgen to pick up 20.5% stake in BeiGene to expand in China

Photo by Louis Reed on Unsplash

Amgen Inc said on Thursday it will acquire a 20.5% stake in BeiGene Ltd in a deal that will enable the California-based biotechnology company to expand its presence in China, the world’s second largest pharmaceutical market.

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