BeOne Medicines Launches Following Redomiciliation to Switzerland, Marking a New Chapter in Global Oncology

On May 27, 2025 BeOne Medicines Ltd. (NASDAQ: ONC; HKEX: 06160; SSE: 688235), a global oncology company formerly known as BeiGene, Ltd., reported its new name and redomiciliation to Switzerland are officially in effect, marking a significant milestone in the Company’s evolution (Press release, BeiGene, MAY 27, 2025, View Source [SID1234653410]).

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"BeOne represents more than a name change—it’s not only a reflection of who we are today as a leading global oncology company, but also our ambition to redefine what’s possible in oncology as we unite patients, families, scientists, physicians, governments, and other oncology public health stakeholders around the world in our shared mission against cancer," said John V. Oyler, Co-Founder, Chairman and CEO at BeOne. "While I know that our work is not done, I am extremely proud of the progress we have made with the explosive growth of BRUKINSA as the backbone of our hematology franchise, the expansion of our PD-1 inhibitor, TEVIMBRA, and our potentially transformative oncology pipeline of more than 50 investigational assets, one of the most prolific in the industry. After 15 years of relentless innovation and strategic investment to boost our internal global capabilities, we are just getting started, and I look forward to working together as BeOne."

The new name and redomiciliation to Switzerland from the Cayman Islands were approved by shareholders on April 28. The transition to the BeOne name across the Company’s worldwide operations on six continents will happen in phases. The redomiciliation to Switzerland strengthens BeOne’s presence and deepens its roots in a global biopharmaceutical hub, further enabling its growth strategy of bringing innovative medicines to patients around the world.

Industry-Leading Innovation and Global Scale

BeOne has built a differentiated and sustainable advantage through strategic investments to bolster its internal research, clinical development, and manufacturing capabilities. This unique model harnesses time and cost efficiencies to improve patient access, enables close oversight to enforce high standards across R&D and manufacturing, and safeguards our operational resilience for long-term growth. BRUKINSA has the broadest label in its treatment class and leads in new patient starts across all of its approved indications in the U.S. It also is the cornerstone of BeOne’s hematology franchise as a foundational treatment alongside late-stage BCL2 inhibitor sonrotoclax and potential first-in-class BTK protein degrader, BGB-16673, which was developed from the Company’s proprietary CDAC platform. BeOne also is focused on building future solid tumor franchises in breast, lung, and gastrointestinal cancers. By leveraging its platforms in multi-specific antibodies, protein degraders and antibody-drug conjugates, the Company is positioned to transform the future of oncology treatment.

BeOne’s entrepreneurial research team, comprising more than 1,100 colleagues, advanced 13 new molecular entities into the clinic in 2024 alone, outpacing even the largest pharmaceutical companies. Further, its nearly 3,700-strong clinical development team has active or planned trials across more than 45 countries and regions, accelerating early-stage innovation through its "Fast to Proof-of-Concept" approach. To date, the Company has enrolled more than 25,000 patients in more than 170 trials, delivering speed and cost advantages that set it apart from industry peers.

In addition, BeOne continues to expand its global manufacturing network with its $800 million flagship clinical R&D and manufacturing facility at the Princeton West Innovation Campus in Hopewell, N.J. This state-of-the-art site enables scalable production capacity to support the Company’s rapidly growing pipeline, operational resilience, and global ambitions.

FORE Biotherapeutics to Participate in the Jefferies Global Healthcare Conference

On May 27, 2025 FORE Biotherapeutics, a registration stage biotherapeutics company dedicated to developing targeted therapies to treat patients with cancer, reported that the Company will participate in the Jefferies Global Healthcare Conference on Tuesday, June 3, 2025 in New York (Press release, Fore Biotherapeutics, MAY 27, 2025, View Source [SID1234653395]).

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William Hinshaw, Chief Executive Officer, and Michael Byrnes, Chief Financial Officer, will host and participate in one-on-one meetings. Please contact your Jefferies salesperson or Argot Partners to schedule one-on-one meetings with the management team.

Pillar Biosciences Raises $34.5M in Funding

On May 27, 2025 Pillar Biosciences, Inc., the leader in Decision Medicine, reported they have finalized $34.5M in funding, including a strategic investment from Illumina, structured financing from Soleus Capital and investments from existing investors (Press release, Pillar Biosciences, MAY 27, 2025, View Source [SID1234653411]).

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Proceeds from this financing will be leveraged to advance Pillar’s commercial activities including headcount and infrastructure to support biopharma partnerships and expand adoption of its distributable clinical testing kits.

"We are very pleased with our commercial growth over the past few years," said Gang Song, Founder and Executive Chairman of Pillar Biosciences. "We look forward to using this latest capital infusion to drive additional top-line growth as we move closer towards profitability."

The financial investment by Illumina further reinforces its strong partnership with Pillar which includes previous agreements announced in 2017 and 2023.

"Pillar Biosciences has become an important strategic partner to enable Illumina to provide an expanded menu of research and clinical NGS solutions, accelerating access to precision oncology," " said Ashley Van Zeeland, vice president of Corporate Development Illumina. "Pillar’s rapid NGS targeted sequencing panels alongside Illumina’s state-of-the-art sequencing and bioinformatics solutions delivers rapid, cost-effective genomic profiling of tumors, which is critical to advancing personalized therapy globally."

"Access to rapid NGS testing solutions is critical to advancing precision medicine in oncology. We see Pillar’s technology as a market leader, helping laboratories across the globe more effectively streamline and consolidate their molecular testing platforms, enabling faster time to results," said Benjamin Lund from Soleus Capital. "Pillar has demonstrated strong commercial growth over the past few years, including multiple biopharma collaborations."

Genmab to Participate in a Fireside Chat at the 46th Goldman Sachs Annual Global Healthcare Conference

On May 27, 2025 Genmab A/S (Nasdaq: GMAB) reported that its Chief Financial Officer Anthony Pagano will participate in a fireside chat at the 46th Goldman Sachs Annual Global Healthcare Conference in Miami, Florida at 8:00 AM EDT (2:00 PM CEST) on June 9, 2025 (Press release, Genmab, MAY 27, 2025, View Source [SID1234653396]). A webcast of the fireside chat will be available on Genmab’s website at View Source

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AbbVie Features New Data Across Difficult-to-Treat Solid Tumors and Blood Cancers at ASCO 2025, Highlighting Breadth and Depth of its Oncology Portfolio

On May 27, 2025 AbbVie (NYSE: ABBV) reported that key data from its broad oncology portfolio will be showcased across multiple oral presentations and posters at the upcoming American Society of Clinical Oncology (ASCO) (Free ASCO Whitepaper) Annual Meeting (May 30 – June 3, 2025) (Press release, AbbVie, MAY 27, 2025, View Source [SID1234653412]). These new data highlight significant progress in AbbVie’s robust oncology pipeline, across a range of difficult-to-treat solid tumors and blood cancers.

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"The data we’re presenting at this year’s ASCO (Free ASCO Whitepaper) reflect the breadth and depth of our oncology pipeline and our unwavering commitment to research that could transform outcomes for patients facing cancer," said Roopal Thakkar, M.D., executive vice president, research and development and chief scientific officer, AbbVie. "These presentations underscore our leadership in driving scientific innovation to address some of the most pressing unmet needs in oncology today by leveraging our innovative platforms such as ADCs."

An oral presentation on investigational telisotuzumab adizutecan (ABBV-400, Temab-A), a next-generation, c-Met directed antibody-drug conjugate (ADC) with a novel topoisomerase 1 inhibitor (Top1i) payload, will showcase:

Preliminary safety and efficacy results in 41 patients with pre-treated, advanced epidermal growth factor receptor (EGFR)-mutated non-squamous non-small cell lung cancer (NSCLC) from the dose expansion part of a Phase 1 study (NCT05029882).1 Patients received a median of 3 prior lines of therapies and 93% of patients had prior anti-EGFR treatment. The objective response rate (ORR) was 63%.1 High ORR was observed regardless of c-Met protein expression levels.1 At the time of data cut-off, 54% of responders experienced a ≥6 months duration of response (DoR).1 The most common any-grade TEAEs in ≥30% of patients were anemia (63%), nausea (61%), vomiting (37%), decreased appetite (34%), and neutropenia (34%).1 Additional data with 4 months follow-up will be presented at ASCO (Free ASCO Whitepaper).

Temab-A is also being evaluated in multiple ongoing clinical trials including a Phase 1/2 Study (NCT06772623) in first-line NSCLC without actionable genomic alterations in combination with budigalimab (AbbVie’s investigational programmed cell death 1 inhibitor), a Phase 2 study (NCT06107413) in second-line metastatic colorectal cancer (CRC) in combination with fluorouracil, folinic acid and bevacizumab, and a Phase 3 study (NCT06614192) as monotherapy in patients with c-Met overexpressing refractory metastatic CRC.
"The anti-tumor activity of Temab-A in patients with pre-treated, advanced EGFR-mutated non-squamous NSCLC is encouraging and supports further exploration of this novel ADC in this setting," said Ross Camidge, M.D., Ph.D, University of Colorado Cancer Center, United States and principal investigator of the trial. "Temab-A appears to have a manageable safety profile and continues to show promising clinical activity in advanced NSCLC, which is associated with poor prognosis."

Additional oral presentations will highlight new safety and efficacy data for ABBV-706, a SEZ6-directed ADC with a Top1i payload, and pivekimab sunirine (PVEK), a novel ADC designed to target CD123:

In a Phase 1 open-label study of ABBV-706 monotherapy, 64 patients with high-grade neuroendocrine neoplasms (NENs), a diverse group of rare and aggressive solid tumors, received ABBV-706 monotherapy IV at 1.3–3.5 mg/kg once every 3 weeks.2,3 The entire cohort had an ORR of 31.3%, and a median DoR of 5.6 months.2 The most common grade ≥3 TEAEs (cumulative across all dose levels), were anemia (45%), neutropenia (33%), and thrombocytopenia (21%).2 Additional data will be presented at ASCO (Free ASCO Whitepaper).

This ongoing study (NCT05599984) is evaluating ABBV-706 as monotherapy, or in combination with budigalimab, carboplatin, or cisplatin, in patients with advanced solid tumors expressing SEZ6, including small-cell lung cancer, NENs and high-grade Central Nervous System tumors.

Results from the open-label, multicenter Phase 1b/2 CADENZA trial (NCT03386513) of PVEK monotherapy in patients with previously untreated or relapsed/refractory (R/R) blastic plasmacytoid dendritic cell neoplasm (BPDCN), a highly aggressive and rare type of blood cancer, demonstrated clinical benefit.4,5 The results show that among 33 untreated patients, the primary endpoint of composite complete response (CCR) rate, defined as CR + clinical CR (CR with minimal skin abnormality), was 70% (95% CI, 51.3-84.4) with a median duration of CCR of 9.8 months. ORR was 85%.4 In the 51 patients with R/R BPDCN, the CCR rate was 14% with a median duration of CCR of 9.2 months. ORR was 35%.4

Among all the 84 patients enrolled, the most common grade ≥3 TEAEs were peripheral edema (12%).4 TEAEs led to discontinuation in 9% and 7% of patients with first-line and R/R BPDCN, respectively. 4 Additional data will be presented at ASCO (Free ASCO Whitepaper).

PVEK is also being evaluated in a Phase 1/2 study (NCT04086264) in R/R and newly diagnosed acute myeloid leukemia.
"Over the past few years, we’ve significantly expanded our ADC portfolio to investigate a broad range of solid tumors and blood cancers, reflecting our deep commitment to transforming cancer care through targeted therapies and biomarker driven approaches," said Daejin Abidoye, M.D., vice president, therapeutic area head of solid tumors, AbbVie. "These results highlight the potential of our investigational medicines to offer a meaningful clinical benefit in multiple difficult-to-treat cancers, where current treatment options are limited."

Further information on AbbVie clinical trials is available at View Source

Additional details on key presentations at ASCO (Free ASCO Whitepaper) are available below and the full ASCO (Free ASCO Whitepaper) Annual Meeting 2025 abstracts are available here.

Title

Date/Time

Session

Abstract
Number

Telisotuzumab adizutecan (ABBV-400; Temab-A)
monotherapy vs trifluridine/tipiracil plus bevacizumab in
patients with refractory metastatic colorectal cancer with
increased c-Met protein expression: An open-label,
randomized, phase 3 trial.

Saturday, May 31,

9:00 AM – 12:00
PM CDT

Poster Board: 303a

TPS3635

Telisotuzumab adizutecan (ABBV-400; Temab-A) in
combination with fluorouracil, leucovorin, and budigalimab
in locally advanced/metastatic gastric, gastroesophageal
junction, or esophageal adenocarcinoma (a/m GEA).

Saturday, May 31,

9:00 AM – 12:00
PM CDT

Poster Board: 491b

TPS4202

Efficacy and safety of first-line ibrutinib plus venetoclax in
patients with mantle cell lymphoma (MCL) who were older
or had TP53 mutations in the SYMPATICO study.

Saturday, May 31,

9:12 – 9:18 AM
CDT

Rapid Oral Abstract
Session

Hematologic Malignancies—
Lymphoma and
Chronic
Lymphocytic
Leukemia

7017

LUMINOSITY, a phase 2 study of telisotuzumab vedotin in
patients with c-Met protein–overexpressing non-
squamous EGFR-wildtype advanced NSCLC: Efficacy
outcomes by prior therapy.

Saturday,

May 31,

1:30 – 4:30 PM CDT

Poster Board: 98

8618

Long-term efficacy and safety of etentamig, a B-cell
maturation antigen (BCMA) bispecific antibody in patients
with relapsed/refractory multiple myeloma (RRMM).

Sunday,

June 1,

9:00 AM – 12:00
PM CDT

Poster Board: 95

7527

Novel analysis of 3-y results from the pivotal EPCORE
NHL-1 study: Outcomes in patients (pts) with
relapsed/refractory large B-cell lymphoma (R/R LBCL)
and complete response (CR) at 2 y with epcoritamab
(epcor) monotherapy.

Sunday,

June 1,

9:00 AM – 12:00
PM CDT

Poster Board: 226

7043

Folate receptor alpha (FRα; FOLR1) expression and
persistence in ovarian cancer in clinical trial samples and
real-world patient cohort.

Sunday,

June 1,

9:00 AM – 12:00
PM CDT

Poster Board: 489

5591

Efficacy of third-line and later (3L+) therapies post poly
(ADP-ribose) polymerase inhibitor (PARPi) exposure in
recurrent platinum-sensitive ovarian cancer (PSOC): A
pooled clinical trial database analysis.

Sunday,

June 1,

9:00 AM – 12:00
PM CDT

Poster Board: 477

5579

A phase 1 first-in-human study evaluating safety,
pharmacokinetics, and efficacy of ABBV-291, a CD79b-
targeting antibody-drug conjugate, in patients with
relapsed/refractory B-cell non-Hodgkin lymphoma.

Sunday,

June 1,

9:00 AM – 12:00
PM CDT

Poster Board: 271a

TPS7093

Telisotuzumab adizutecan (ABBV-400; Temab-A), a c-Met
protein–targeting antibody-drug conjugate (ADC), in
patients (pts) with advanced EGFR-mutated (MT) non-
squamous (NSQ) non-small cell lung cancer (NSCLC):
Results from a phase 1 study.

Monday,

June 2,

8:00 – 8:06 AM
CDT

Rapid Oral Abstract
Session

Lung Cancer—
Non-Small Cell
Metastatic

8512

Phase 1, open-label, first-in-human study of ABBV-969, a
dual variable antibody-drug conjugate, in
patients with metastatic castration-resistant prostate
cancer.

Monday,

June 2,

9:00 AM – 12:00
PM CDT

Poster Board: 309b

TPS5111

A phase 2, open-label, randomized study of livmoniplimab
in combination with budigalimab versus chemotherapy in
patients with metastatic urothelial carcinoma.

Monday,

June 2,

9:00 AM – 12:00
PM CDT

Poster Board: 414b

TPS4618

Safety and efficacy of ABBV-706, a seizure-related
homolog protein (SEZ6)- targeting antibody-drug
conjugate, in high-grade neuroendocrine neoplasms.

Monday,

June 2,

10:09 – 10:21 AM
CDT

Oral Presentation

Clinical Science
Symposium – ADC
2.0: Discovering
the Targets That
Will Change the
Game

105

Efficacy and safety of pivekimab sunirine (PVEK) in
patients (pts) with blastic plasmacytoid dendritic cell
neoplasm (BPDCN) in the CADENZA study.

Monday,

June 2,

3:24 – 3:36 PM
CDT

Oral Presentation

Oral Abstract
Session –
Hematologic
Malignancies—
Leukemia,
Myelodysplastic
Syndromes, and
Allotransplant

6502

Telisotuzumab adizutecan, ABBV-706, pivekimab sunirine, etentamig, livmoniplimab, budigalimab, ABBV-291 and ABBV-969 are investigational medicines and are not approved by any health authorities worldwide. The safety and efficacy of these investigational medicines are under evaluation as part of ongoing clinical studies.

Venetoclax, ibrutinib, epcoritamab, telisotuzumab vedotin are approved medicines being investigated for additional uses. Safety and efficacy have not been established for these unapproved additional uses.

EPKINLY/TEPKINLY (epcoritamab) is being co-developed by Genmab and AbbVie as part of the companies’ oncology collaboration. The companies share commercial responsibilities in the U.S. and Japan, with AbbVie responsible for further global commercialization.

VENCLEXTA/VENCLYXTO (venetoclax) is being developed by AbbVie and Roche. It is jointly commercialized by AbbVie and Genentech, a member of the Roche Group, in the U.S. and by AbbVie outside of the U.S.

IMBRUVICA (ibrutinib) is jointly developed and commercialized by Pharmacyclics LLC, an AbbVie company and Janssen Biotech, Inc.