Legend Biotech Corp Stock Price, News & Analysis

Legend Biotech Corporation (NASDAQ: LEGN) will host its first Research & Development Day on October 18, starting at 10:00 a.m. (Eastern Time), at Andaz 5th Avenue, New York. The event will showcase updates on their advancing pipeline for hematological and oncological indications, including their BCMA clinical development program. Presentations will be made by senior leaders, including CEO Ying Huang and CSO Frank Fan. A live webcast will be available on the Legend Biotech website, with recordings accessible for six months.

Legend Biotech Corporation (NASDAQ: LEGN) has initiated a Phase 1 clinical trial for LB1901, an autologous CAR-T therapy targeting CD4 for adults with relapsed or refractory peripheral T-cell lymphoma (PTCL) and cutaneous T-cell lymphoma (CTCL). The trial follows FDA approval of the Investigational New Drug (IND) application and is led by Dr. Swaminathan P. Iyer at The University of Texas MD Anderson Cancer Center. This open-label, multi-center study aims to assess the safety and optimal dosing of LB1901 for patients with unmet medical needs in these serious conditions.

Legend Biotech Corporation (NASDAQ: LEGN) announced its participation in the 19th Annual Morgan Stanley Virtual Global Healthcare Conference on September 10. CEO and CFO Ying Huang will represent the company at 8:45 a.m. Eastern Time. Investors can access the conference webcast on the Legend Biotech website. The company focuses on developing novel cell therapies for oncology, notably its lead candidate cilta-cel for multiple myeloma, currently in registrational clinical trials. With over 900 employees across the U.S., China, and Europe, Legend Biotech is poised to advance innovative treatments.

Legend Biotech Corporation (NASDAQ: LEGN) reported its 2021 Q2 financial results, highlighting progress in CAR-T therapy cilta-cel, with FDA and EMA applications accepted. Key results include:

• Q2 revenue of $20.2 million, a 74% increase year-over-year.
• Clinical trial data shows an 81% overall survival rate in relapsed/refractory multiple myeloma patients.
• Net loss decreased to $91.6 million ($0.33 per share) from $134.9 million ($0.63 per share) in Q2 2020.

The company anticipates significant advancements in the second half of 2021.

Legend Biotech (NASDAQ: LEGN) announced the establishment of a new manufacturing facility in Belgium, a joint venture with Janssen Pharmaceutica NV, to enhance global production of cell therapies. This facility will support the commercialization of cilta-cel, an investigational CAR-T therapy for multiple myeloma, currently under regulatory review in several regions, including the U.S. and Europe. The Belgium site aims to be operational by 2023, adding to existing facilities in China and the U.S., positioning Legend to leverage Belgium's talent and life sciences ecosystem.

Legend Biotech Corporation (NASDAQ: LEGN) announced new results for its investigational CAR-T therapy, ciltacabtagene autoleucel (cilta-cel), at the 2021 ASCO Annual Meeting and EHA Virtual Congress. In the CARTITUDE-1 study involving 97 patients with relapsed or refractory multiple myeloma, an overall response rate of 98% was reported, with 81% overall survival at 18 months. The therapy has shown manageable safety profiles, with prevalent adverse events being hematologic. A Biologics License Application for cilta-cel has been accepted by the FDA with a target action date of November 29, 2021.

Legend Biotech Corporation (NASDAQ: LEGN) announced that the FDA has accepted the Biologics License Application for cilta-cel, a CAR-T therapy aimed at treating relapsed or refractory multiple myeloma, under priority review. The PDUFA target action date is set for November 29, 2021. Cilta-cel has previously received Breakthrough Therapy Designation, indicating significant potential benefits for patients. Ying Huang, CEO, emphasized the importance of this milestone as the company collaborates with Janssen Biotech to expedite this innovative treatment.

Legend Biotech Corporation (NASDAQ: LEGN) has announced its participation in the Jefferies Virtual Healthcare Conference on June 3, 2021, at 9:30 am ET. Interested parties can access the webcast via the Legend Biotech website. This clinical-stage biopharmaceutical company focuses on developing novel cell therapies, particularly its lead candidate, cilta-cel, an investigational CAR-T therapy aimed at multiple myeloma patients. With over 800 employees globally, Legend Biotech is positioned to advance best-in-class cell therapies for oncology.

Legend Biotech Corporation (NASDAQ: LEGN) reported its Q1 2021 financial results, showing revenue of $13.7 million, up from $11.5 million in Q1 2020, largely due to milestone payments from Janssen. R&D expenses surged to $71.1 million, reflecting increased clinical trials. The net loss widened to $80.9 million, or $0.30 per share, compared to $44.2 million, or $0.22 per share in the prior year. Key milestones include the completion of the BLA and MAA for cilta-cel, aiming for approvals for multiple myeloma treatment. Cash and equivalents stood at approximately $412.3 million.