CAMBRIDGE, Mass., and BEIJING, China, Nov. 13, 2018 (GLOBE NEWSWIRE) -- BeiGene, Ltd. (NASDAQ: BGNE; HKEX: 06160), a commercial-stage biopharmaceutical company focused
on developing and commercializing innovative molecularly targeted and immuno-oncology drugs for the treatment of cancer, today
announced that on November 9, 2018, the Compensation Committee of BeiGene’s Board of Directors granted restricted share units for
an aggregate of 52,230 American Depositary Shares to 154 new employees under BeiGene’s Amended and Restated 2018 Inducement Equity
Plan.
The Amended and Restated 2018 Inducement Equity Plan is used exclusively for the grant of equity awards to individuals who were
not previously employed by BeiGene or one of its subsidiaries as an inducement material to such individual's entering into
employment with BeiGene or one of its subsidiaries, pursuant to Rule 5635(c)(4) of the NASDAQ Listing Rules.
The restricted share units will vest 25 percent on each anniversary of the grant, subject to the employees’ continued employment
with BeiGene or one of its subsidiaries. The restricted share units are subject to the terms and conditions of BeiGene’s Amended
and Restated 2018 Inducement Equity Plan and forms of award agreements covering the grants.
About BeiGene
BeiGene is a global, commercial-stage, research-based biotechnology company focused on molecularly-targeted and immuno-oncology
cancer therapeutics. With a team of over 1,700 employees in China, the United States, Australia and Switzerland, BeiGene is
advancing a pipeline consisting of novel oral small molecules and monoclonal antibodies for cancer. BeiGene is also working to
create combination solutions aimed to have both a meaningful and lasting impact on cancer patients. BeiGene markets
ABRAXANE® (nanoparticle albumin–bound paclitaxel), REVLIMID® (lenalidomide), and VIDAZA®
(azacitidine) in China under a license from Celgene Corporation.i
| Investor Contact |
Media Contact |
| Craig West |
Liza Heapes |
| +1 857-302-5189 |
+1 857-302-5663 |
| ir@beigene.com |
media@beigene.com |
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i ABRAXANE®, REVLIMID®, and VIDAZA® are registered trademarks of Celgene
Corporation.
