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BeiGene Signs Agreement With BioBAY for Its First cGMP Manufacturing Facility for Commercial Use in Suzhou, China

BEIJING, Aug. 20, 2015 (GLOBE NEWSWIRE) -- BeiGene, Ltd., a clinical-stage biopharmaceutical company focused on developing molecularly-targeted and immuno-oncology drugs for the treatment of cancer, today announced that it is establishing its first current Good Manufacturing Practices (cGMP) biopharmaceutical manufacturing facility for commercial use at BioBAY in the Suzhou Industrial Park (SIP) in Suzhou, China. Located less than one hour west of Shanghai, BioBAY, which is a subsidiary of SIP, has become one of the premier science innovation hubs in China to over 400 domestic and international biotech and biopharma companies for research, development, and manufacturing. BeiGene will also benefit from the local biotech talent pool with the establishment of a new site in BioBAY.

The new 9,000 square meter (96,875 square feet) cGMP manufacturing facility expands the company's production facilities and will supply materials for future clinical trials and subsequent commercial demand. The new manufacturing facility is expected to be completed by 2017.

"This new manufacturing facility is a key component to our strategic growth to become an integrated biopharma company and to accelerate and expand our development programs, which allows us to continue to focus on developing global best-in-class drugs for various cancer treatments and attract additional highly talented professionals to our organization," said John V. Oyler, Chief Executive Officer. "With a manufacturing site in BioBAY, we are well positioned to fully leverage the domestic regulatory pathway for our drugs in China and to build a global business."

"This will be a truly cutting-edge, state of the art facility utilizing the leading technologies in biomanufacturing that will also meet the utmost regulatory standards," said Wendy Yan, Head of Regulatory Affairs. "Upon completion we will seek the necessary approvals to ensure our new site is fully compliant with regulatory procedures in all key global markets, including the United States, Europe and China."

About BeiGene

BeiGene is a global, clinical-stage, research-based company focused on targeted and immuno-oncology therapeutics. With a team of 175 scientists and staff, BeiGene is advancing a pipeline consisting of novel oral small molecules and monoclonal antibodies for cancer. BeiGene is working to create combination solutions that will have both a meaningful and lasting impact on cancer patients. For more information, please visit our website at www.beigene.com.

CONTACT: Media/Investor Contact: Xin Huang US: +1 917-617-4653 China: +86 185-1406-3050 pr@beigene.com

Source:BeiGene Ltd.