Legend leaps on rumors of possible takeover

15 July 2024

Shares in Legend Biotech (Nasdaq: LEGN) have climbed around 15% in recent days, after reports that the company has received a takeover offer.

The Carvykti (ciltacabtagene autoleucel) developer, which is partnered with Johnson & Johnson (NYSE: JNJ), has also been boosted by positive data from the CARTITUDE-4 study.

The trial, which tests the CAR-T cell therapy in people with relapsed or refractory multiple myeloma, shows a significant improvement in overall survival.

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