Legend Biotech

Legend Biotech Corp. is a holding company, which engages in the discovery and development of novel cell therapies for oncology and other indications. It operates through the North America and China geographical segments. The company was founded on May 27, 2015 and is headquartered in Somerset, NJ.

Earnings data Q2 2020

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Earnings data Q4 2023

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Legend Biotech surpasses Q2 sales targets, eyes market expansion

Legend Biotech's Q2 performance exceeded expectations with strong sales and positive study data.
The company's financial position is robust, with a healthy cash balance and plans for capacity expansion.
While facing challenges such as competitive pressures and operational optimizations, opportunities for growth exist.
Strategic initiatives focus on product quality, market expansion, and regulatory advancements for CARVYKTI.

Legend Biotech reports robust Q3 sales, eyes profitability targets

Legend Biotech's Q3 performance reflects strong sales driven by CARVYKTI, while maintaining a solid financial position with a focus on expansion.
The company faces challenges in achieving profitability targets and providing clarity on future sales projections.
Opportunities lie in pipeline advancements, collaboration partnerships, and innovative market expansion strategies.

Legend Biotech reports robust earnings, eyes expansion and regulatory milestones

Legend Biotech's strong earnings and cash balance provide stability and growth opportunities.
CARVYKTI's efficacy and convenience position it well, with plans for capacity expansion and partnerships.
Challenges include regulatory scrutiny and the need for clarity on future manufacturing scale-up.
Opportunities lie in extending manufacturing capacity, pipeline advancements, and profitability projections by 2026.

Legend Biotech reports robust Q1 performance and accelerates CAR-T expansion

Legend Biotech's Q1 2024 showcased strong performance with significant revenue growth and expansion plans to meet rising demand.
While facing challenges like sequential sales decrease and increased expenses, the company is leveraging strengths in production capacity and market diversification.
Opportunities lie in regulatory engagements for accelerated approvals, efficient market penetration strategies, and financial flexibility for future growth.
Overall, Legend Biotech's strategic focus on CAR-T therapies positions it well for continued success and innovation in the biopharmaceutical industry.

Legend Biotech excels in Q2, eyes FDA approvals and growth

Legend Biotech's Q2 2024 performance reflects strong sales growth, regulatory milestones, and promising clinical data, positioning the company for future success.
With a solid financial position, expanded production capacity, and ongoing research initiatives, Legend Biotech demonstrates resilience and strategic foresight in a competitive market landscape.
While facing challenges such as political risks and profitability targets, the company remains focused on growth opportunities and value creation for stakeholders.

Legend Biotech excels in Q3 with CARVYKTI growth and strategic advancements

Legend Biotech's Q3 performance reflects strong sales growth, regulatory milestones, and progress in clinical trials, underpinned by a robust balance sheet and strategic leadership appointments.
While challenges in outpatient treatment adoption and trial enrollment persist, the company's focus on innovation and operational excellence presents opportunities for future growth and market leadership.
Overall, Legend Biotech's solid financial standing, coupled with its expanding product portfolio and research capabilities, positions the company favorably for continued success and value creation for stakeholders.

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Legend Biotech Corp. is a clinical-stage biopharmaceutical company, which engages in the discovery, development, manufacturing, and commercialization of novel therapies for oncology and other indications. The firm develops advanced cell therapies across a diverse array of technology platforms, including autologous and allogeneic chimeric antigen receptor T-cell, gamma-delta T cell and natural killer cell-based immunotherapy. It operates through the following geographical segments: United States of America, China, and Other. The company was founded in 2014 and is headquartered in Somerset, NJ.

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CAR T-Cell Therapies Under FDA Watch on Reports of Malignancies

Legend Biotech Corporation (NASDAQ:LEGN ) Q3 2023 Earnings Conference Call November 20, 2023 8:00 AM ET Company Participants Jessie Yeung - Head of Investor Relations and Public Relations Ying Huang - Chief Executive Officer Lori Macomber - Chief Financial Officer Steve Gavel - Senior Vice President, Commercial Development, Us and Europe Guowei Fang - Chief Scientific Officer and Head of Business Development Conference Call Participants Gena Wang - Barclays Jessica Fye - JPM Chase Kelly Shi - Jefferies Vikram Purohit - Morgan Stanley Leonid Timashev - RBC Capital Markets Yaron Werber - TD Cowen Linhai Zhao - Goldman Sachs Jonathan Miller - Evercore ISI Ashwani Verma - UBS Kostas Biliouris - BMO Capital Markets Justin Zelin - BTIG Mitchell Kapoor - H.C. Wainwright Wilfred Yuen - Daiwa Kelsey Goodwin - Guggenheim Sami Corwin - William Blair Operator Good day, ladies and gentlemen.

Legend Biotech Corporation (LEGN) Q3 2023 Earnings Call Transcript

Legend Biotech Corporation (NASDAQ:LEGN) highlighted an exclusive license agreement struck with Novartis AG (ADR) (NYSE:NVS) worth up to $1.11 billion as it released third-quarter results. Under the agreement, its Legend Biotech Ireland subsidiary has granted Novartis the rights to develop, manufacture and commercialize its CAR-T cell therapy candidate LB2102 and other potential chimeric antigen receptor T-cell therapies selectively targeting Delta-like ligand 3 (DLL3).

Legend Biotech highlights Novartis deal worth up to $1.11BN alongside 3Q results

SOMERSET, N.J.--(BUSINESS WIRE)---- $LEGN--Legend Biotech announced third-quarter 2023 financial results.

Legend Biotech Reports Third Quarter 2023 Results and Recent Highlights

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SOMERSET, N.J.--(BUSINESS WIRE)--Legend Biotech Corporation (NASDAQ: LEGN) (Legend Biotech), a global biotechnology company developing, manufacturing and commercializing novel therapies to treat life-threatening diseases, announced today that Legend Biotech Ireland Limited, a wholly owned subsidiary of Legend Biotech, has entered into an exclusive, global license agreement (License Agreement) with Novartis Pharma AG for certain Legend Biotech chimeric antigen receptor T-cell (CAR-T) cell therap.

Legend Biotech Announces Exclusive, Global License Agreement for Certain CAR-T Therapies Targeting DLL3

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Let us look at a few biotech companies, ACLX, LEGN, GRCL and EYEN, which are poised to beat third-quarter earnings estimates.

4 Biotech Stocks Likely to Outpace Q3 Earnings Estimates

SOMERSET, N.J.--(BUSINESS WIRE)--Legend Biotech Corporation (NASDAQ: LEGN) (Legend Biotech), a global biotechnology company developing, manufacturing and commercializing novel therapies to treat life-threatening diseases, will host a conference call for investors at 8:00am Eastern Time on Monday, November 20, 2023, to review third-quarter results. Company executives will provide an overview of Legend Biotech's performance for the quarter. Investors and other interested parties may join the live.

Legend Biotech to Host Investor Conference Call on Third-Quarter Results

SOMERSET, N.J.--(BUSINESS WIRE)---- $LEGN--Legend Biotech announces presentations to take place at the 65th American Society of Hematology Annual Meeting.

Legend Biotech to Showcase Leadership in Multiple Myeloma Treatment at the ASH 2023 Annual Meeting

Legend Biotech's Carvykti has shown improved uptake in the second quarter. The company aims to reach an annualized capacity of 10,000 doses of Carvykti by the end of 2025. Reaching the late 2025 goal would translate to quarterly net sales of nearly $1 billion by Q4 2025.

Legend Biotech: Working On Supply Issues

Legend Biotech Corporation (NASDAQ:LEGN ) Q2 2023 Earnings Conference Call August 15, 2023 8:00 AM ET Company Participants Jessie Yeung - Head of Investor Relations and Public Relations Ying Huang - Chief Executive Officer Lori Macomber - Chief Financial Officer Steve Gavel - Senior Vice President, Commercial Development, Us and Europe Guowei Fang - Chief Scientific Officer and Head of Business Development Conference Call Participants Kelly Shi - Jefferies Terence Flynn - Morgan Stanley Gena Wang - Barclays Umer Raffat - Evercore Yaron Werber - Cowen Kostas Biliouris - BMO Capital Justin Zelin - BTIG Mitchell Kapoor - H.C. Wainwright Brooke Schuster - William Blair Kelsey Goodwin - Guggenheim Operator Good morning and thank you for standing by.

Legend Biotech Corporation (LEGN) Q2 2023 Earnings Call Transcript

SOMERSET, N.J.--(BUSINESS WIRE)---- $LEGN--Legend Biotech reported its unaudited financial results for the three and six months ended June 30, 2023.

Legend Biotech Reports Second Quarter 2023 Results and Recent Highlights

Legend Biotech (LEGN) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for Legend Biotech (LEGN)

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Top 5 Stocks Set to Beat on Earnings Next Week

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With everyone being an expert these days, the concept of top analyst biotech picks might seem suspect at first glance. While we depend on Wall Street's spectrum of expert guidance to establish a frame of reference, they can get some calls embarrassingly wrong.

3 Biotech Stocks That Analysts Are Drooling Over

SOMERSET, N.J.--(BUSINESS WIRE)---- $LEGN--Legend Biotech will host a call to discuss second-quarter 2023 earnings on August 15, 2023 at 8:00am ET.

Legend Biotech to Host Investor Conference Call on Second-Quarter Results

Shares of Legend Biotech Corp. LEGN, -1.00% gained 3.7% premarket on Thursday after the company said its multiple myeloma therapy Carvykti, a collaboration with Johnson & Johnson JNJ, -0.20%, generated $117 million in sales in the second quarter. That represents a roughly 65% increase over the previous quarter, BMO Capital Markets analysts wrote in a research note Thursday, suggesting that the U.S. Food and Drug Administration has increased Carvykti's manufacturing cap.

Legend Biotech shares gain on multiple-myeloma drug sales

Legend's recently-leaked data showed Carvykti's prowess in earlier line MM patients. Analysts predict blockbuster potential in these earlier lines. Although looking expensive, there's potential for growth here on revenue expansion.

Despite High Share Price, Legend Bio Looks Like A Winner

Legend (LEGN) announces regulatory submission for expanded use of Carvykti to include adult patients with relapsed and lenalidomide-refractory multiple myeloma. Stock rises 4% following the news.

Legend (LEGN) Up 4% on sNDA Submission for Carvykti Expanded Use

SOMERSET, N.J.--(BUSINESS WIRE)---- $LEGN--Legend Biotech announced today the submission of a supplemental Biologics License Application (sBLA) to the U.S. Food and Drug Administration (FDA).

Legend Biotech Announces Submission of Supplemental Application to the U.S. FDA for Expanded Use of CARVYKTI® (ciltacabtagene autoleucel)

SOMERSET, N.J.--(BUSINESS WIRE)---- $LEGN--Results from CARTITUDE-4 showed that cilta-cel reduced the risk of disease progression or death by 74% compared to SOC.

Ciltacabtagene Autoleucel (cilta-cel) Reduced Risk of Disease Progression or Death by 74% vs Standard Regimens for Adult Patients with Relapsed and Refractory Multiple Myeloma in CARTITUDE-4 Study

SOMERSET, N.J.--(BUSINESS WIRE)--Legend Biotech Corporation (NASDAQ: LEGN) (Legend Biotech), a global biotechnology company developing, manufacturing and commercializing novel therapies to treat life-threatening diseases, today announced it will participate in the upcoming investor conferences: Event: Jefferies Healthcare Conference Location: New York, NY Fireside Chat Date & Time: Wednesday, June 7, 2023 at 1:30pm ET Presenter: Ying Huang, Ph.D., CEO Event: Goldman Sachs 44th Annual Global.

Legend Biotech Announces Participation in Upcoming Investor Conferences

SOMERSET, N.J.--(BUSINESS WIRE)---- $LEGN--Legend Biotech announced that a Type II variation application was submitted to EMA for CARVYKTI® based on data from the CARTITUDE-4 study.

Legend Biotech Announces Submission to the European Medicines Agency for Expanded Use of CARVYKTI® (ciltacabtagene autoleucel)

SOMERSET, N.J.--(BUSINESS WIRE)--Legend Biotech Corporation (NASDAQ: LEGN) (Legend Biotech), a global biotechnology company developing, manufacturing and commercializing novel therapies to treat life-threatening diseases, today reported its first quarter 2023 unaudited financial results. "We are extremely pleased to announce that we have recently raised $762 million in funding. With this substantial capital infusion, we are poised to embark on a critical chapter in our company's growth to advan.

Legend Biotech Reports First Quarter 2023 Results and Recent Highlights

SOMERSET, N.J.--(BUSINESS WIRE)---- $LEGN--Legend Biotech announces that new and updated data from the CARTITUDE program will be presented at the 2023 ASCO and EHA annual meetings.

News for Legend Biotech Stock (LEGN)