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Legend Biotech (LEGN) Up 12% on Reports of Takeover Bid

Jul 15, 2024, 10:25 AM EDT1 sourcesAI-analyzed

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LEGN shares rose 12.1% on takeover bid news. Legend Biotech hired Centerview Partners to review offer. FDA granted label expansion for Carvykti to treat more MM patients. J&J increased manufacturing capacity for Carvykti demand. Carvykti has edge over rival Abecma in earlier MM treatment.

  • LEGN shares rose 12.1% on takeover bid news.
  • Legend Biotech hired Centerview Partners to review offer.
  • FDA granted label expansion for Carvykti to treat more MM patients.
  • J&J increased manufacturing capacity for Carvykti demand.
  • Carvykti has edge over rival Abecma in earlier MM treatment.

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