GenScript Losses Shrink On Strong Growth For Cancer Cell Therapy [Seeking Alpha]
Legend Biotech Corporation - American Depositary Shares (LEGN)
Company Research
Source: Seeking Alpha
Legend Biotech continues to invest in R&D to expand the number of indications that Carvykti can treat, with seven clinical studies now in progress. Legend's Carvykti is expected to hit annual production capacity of 10,000 doses by the end of 2025. The pharma company's losses narrowed 58% last year, as its life sciences and cell therapy businesses experienced strong growth In the rapidly evolving world of cancer treatments, CAR-T cell therapy stands out for its effectiveness in tackling hematologic tumors. Booming demand for such therapies powered Legend Biotech Corp. LEGN ), and in turn its parent, GenScript Biotech Corp. OTCPK:GNNSF , 1548.HK), to a banner year in 2023 on accelerating sales for Legend's Carvykti CAR-T cell therapy. GenScript's revenue grew 34.2% last year to $840 million, lifting its five-year compound annual growth rate to 30%. Its loss of $95.5 million was down by more than half from a $230 million loss in 2022, according to its latest annual results relea
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News
- Legend Biotech Co. (NASDAQ: LEGN) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $87.00 price target on the stock.MarketBeat
- CARVYKTI® (ciltacabtagene autoleucel) Approved by the European Commission for Second-line Treatment of Patients with Relapsed and Refractory Multiple Myeloma [Yahoo! Finance]Yahoo! Finance
- CARVYKTI® (ciltacabtagene autoleucel) Approved by the European Commission for Second-line Treatment of Patients with Relapsed and Refractory Multiple MyelomaBusiness Wire
- Bluecrux & Pharmaceutical Innovator Forge Path Toward QC & Supply Chain Integration: "Revolutionizing Lab Operations for Enhanced Efficiency"PR Newswire
- Legend Biotech Co. (NASDAQ: LEGN) was upgraded by analysts at Scotiabank from a "sector perform" rating to a "sector outperform" rating. They now have a $65.00 price target on the stock.MarketBeat
LEGN
Sec Filings
- 4/22/24 - Form 6-K
- 4/16/24 - Form 6-K
- 4/8/24 - Form 6-K
- LEGN's page on the SEC website