Genscript consulting lawyers after 'misleading' CAR-T report

1 October 2018

Legend Biotech, a subsidiary of reagents services provider Genscript Biotech Corporation (HKEx: 1548), regained some of Thursday’s stock market losses on Friday.

The Hong Kong-listed company was accused of counterfeiting clinical data on a CAR-T cell therapy for multiple myeloma being co-developed with Johnson & Johnson (NYSE: PFE) in a report from Flaming Research that caused its share price to plummet by 27% on Thursday, when trading in its shares was halted before midday.

"The report comprises statements which are misleading, biased, selective, inaccurate and incomplete as well as groundless allegations and irresponsible speculations"

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