Legend rockets on leaked data showing success of Carvykti

20 April 2023

A surprising premature abstract release from the European Hematology Association (EHA) offered the first look at outcomes from CARTITUDE-4, though the abstract has since been removed from the website and may not be the finial information.

The Phase III CARTITUDE-4 study of the novel BCMA-directed T-cell therapy Carvykti (ciltacabtagene autoleucel) is being conducted by Legend Biotech (Nasdaq: LEGN) and fellow USA-based drugmaker Johnson & Johnson (NYSE: JNJ).

Legend’s shares surged 19.6% to close at $62.50. J&J stock added 0.9% and end the regular session at $162.53.

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