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Stock impact report

H.C. Wainwright Reaffirms Buy Rating for Legend Biotech (LEGN) [Yahoo! Finance]

Legend Biotech Corporation - American Depositary Shares (LEGN) 
Company Research Source: Yahoo! Finance
Wainwright maintained its Buy rating for Legend Biotech Corp. (NASDAQ:LEGN). The firm has projected a target price of $50, which yields more than 109% potential upside for investors. It highlighted the company's CAR-T therapies and attributed its bullish view of the stock to the ongoing progress related to those programs. It noted that the trial data for vivo CD19/CD20 CAR-T will be revealed soon. Tonhom1009/Shutterstock.com The firm also reflected on the management's strong indication of critical medical meeting readouts, which appear to be imminent in the foreseeable future. These relate to the preliminary dosages given to patients during last summer, leading to 6 months of data for patients who have undergone the longest treatments. H.C. Wainwright also acknowledged the continued strength shown by the CARVYKTI electronic order book during the entirety of the first quarter. With favorable operational momentum witnessed from January through April, the firm labelled the IQVIA pr Show less Read more
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