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Stock impact report

Legend Biotech Corporation (LEGN) is an Outperform on Multiple Myeloma Treatment CARVYKTI Prospects [Yahoo! Finance]

Legend Biotech Corporation - American Depositary Shares (LEGN) 
Company Research Source: Yahoo! Finance
an Outperform rating on Legend Biotech Corp (NASDAQ:LEGN) and set a $74 price target. The positive stance echoes the superior efficacy data on the company's multiple myeloma treatment CARVYKTI. Data presented at the ASH conference showed the candidate drug achieved more than 50 months of media progression-free survival in patients, setting a very high bar compared to peers. CARVYKTI is currently approved for adults with relapsed or refractory multiple myeloma, having treated over 9,000 patients globally. The investment firm insists the stock's current share price discounts the company's ability to maintain market share backed by a robust pipeline. Consequently, RBC Capital expects the company to continue enjoying strong growth and near-term profitability. That's in part because the company has demonstrated impressive revenue growth of 74.75% over the past 12 months. Legend Biotech Corporation (NASDAQ:LEGN) is a global, clinical-stage biotechnology company that develops and comme Show less Read more
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