LEGN Legend Biotech Corp

BULLISH Impact: 7/10 6-K
Horizon days Filed Jun 2, 2026 Processed 10d 19h ago SEC 0001171843-26-003866
Notable filing: 6-K
Latest settled — T+1d ⚠ clustered
LEGN ▼ -0.83% at T+1d
LONG call ✗ call lost -0.83% · α vs SPY -0.13% · entry $36.28 → $35.98
Next anchor: T+5d due 4d ago
Currently $35.87 · -1.13% from $36.28 entry
Entry anchored
Jun 2, 09:30 AM ET
via Databento tick
T+1d
-0.83%
call -0.83% · α -0.13%
$35.98
settled 10d ago
T+5d
call — · α —
due 4d ago
T+20d
call — · α —
in 18d
T+60d
call — · α —
in 2mo

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Executive Summary

Legend Biotech announced initial Phase 1 data for LB2501, a first-in-class in vivo CD19/CD20 dual-targeting CAR-T therapy, showing a 100% ORR and 83.3% CR at dose level 2 in relapsed/refractory B-cell NHL, with no DLTs, SAEs, or ICANS. The data will be presented at EHA 2026 on June 14, 2026. This is an early-stage, small-sample (n=12) readout that validates the in vivo CAR-T platform but requires longer follow-up and larger cohorts to confirm durability and scalability.

Actionable Insight

The 100% ORR and 83.3% CR at DL2 in heavily pretreated R/R NHL patients is a strong early signal for the in vivo CAR-T platform, but the tiny sample (n=6 at DL2) and short median follow-up (2.2 months) mean durability is unproven. The EHA presentation on June 14 may provide additional detail. Monitor for longer-term follow-up data and expansion cohorts before assigning full value to the platform.

Key Facts

  • LB2501 is a potential first-in-class in vivo CD19/CD20 dual-targeting CAR-T therapy administered as a single IV infusion without lymphodepletion
  • At DL2 (n=6), ORR was 100% (6/6) and CR was 83.3% (5/6) in relapsed/refractory B-cell NHL patients with median 3 prior therapy lines
  • No dose-limiting toxicities, serious adverse events, or deaths were observed; CRS was all Grade ≤2; no ICANS reported
  • Dose-dependent in vivo CAR-T expansion confirmed; CAR-T cells detectable in peripheral blood for up to 116 days
  • Median follow-up for DL2 was only 2.2 months (range 2.0–3.8); all responses were ongoing at data cutoff
  • Data to be presented as a late-breaking oral at EHA 2026 on June 14, 2026

Financial Impact

No financial figures reported; early clinical data with no revenue or cost disclosures

Risk Factors

  • Very small sample size (n=12 total, n=6 at DL2) — efficacy and safety may not replicate in larger cohorts
  • Median follow-up of only 2.2 months at DL2 — response durability is unknown
  • In vivo CAR-T is a novel modality with no approved precedent; regulatory and manufacturing scalability are unproven
  • All responses were ongoing at cutoff, but waning or relapse could occur with longer follow-up

Market Snapshot

Exchange
Nasdaq
Sector
Pharmaceutical Preparations
Analyst Consensus
87% bullish (23 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

DocumentAccession Number
6-K Filing (Primary)0001171843-26-003866
Exhibit: exh_992.htm0001171843-26-003866
Document: f6k_060126.htm0001171843-26-003866
Document: 0001171843-26-003866-index-headers.html0001171843-26-003866
Document: 0001171843-26-003866-index.html0001171843-26-003866
Document: 0001171843-26-003866.txt0001171843-26-003866
11 reports for LEGN
Performance horizon
88% Hit rate 7 of 8 directional calls best @ T+60▲ +83.95%Mar 10, 2026
Filters
Rows
Reports for LEGN — sortable, filterable
Type Now
Jun 2, 2026
10d ago
6-K
BULLISH ★ 7/10
$36.28 $35.98▼ −0.83%▼ −0.13%$35.87 (−1.13%)
Jun 2, 2026
10d ago
Press Release
BULLISH ★ 7/10
$36.28 $35.98▼ −0.83%▼ −0.13%$35.87 (−1.13%)
Jun 1, 2026
11d ago
6-K
BULLISH ★ 6/10
$25.51 $36.28▲ +42.22%▲ +42.07%$35.87 (+40.61%)
Jun 1, 2026
11d ago
Press Release
BULLISH ★ 6/10
$25.51 $36.28▲ +42.22%▲ +42.07%$35.87 (+40.61%)
May 21, 2026
22d ago
6-K
NEUTRAL ★ 4/10
$29.37 $29.53▲ +0.54%▼ −0.04%$35.87 (+22.13%)
May 21, 2026
22d ago
Press Release
BULLISH ★ 7/10
$29.37 $29.53▲ +0.54%▼ −0.04%$35.87 (+22.13%)
May 12, 2026
4w ago
6-K
BULLISH ★ 7/10
$28.26 $28.67▲ +1.45%▲ +0.88%$35.87 (+26.93%)
May 12, 2026
4w ago
Press Release
BULLISH ★ 7/10
$28.26 $28.67▲ +1.45%▲ +0.88%$35.87 (+26.93%)
Apr 28, 2026
6w ago
Press Release
NEUTRAL ★ 2/10
$23.56 $22.77▼ −3.35%▼ −3.34%$35.87 (+52.25%)
Apr 14, 2026
8w ago
6-K
BULLISH ★ 7/10
$18.69 $20.52▲ +9.79%▲ +9.02%$35.87 (+91.92%)
Showing 10 of 11

US Market Status

Market Closed — Opens Mon (52h 20m)

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