LEGN Legend Biotech USA Inc.

BULLISH Impact: 7/10 PRESS-RELEASE
Horizon days Filed Jun 2, 2026 Processed 4d 9h ago Wire GlobeNewswire
Press release: fda
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 in 3d
Currently $32.62 · -10.09% from $36.28 entry
Entry anchored
Jun 1, 03:59 PM ET
via Databento tick
T+1d
-0.83%
call -0.83% · α -0.13%
$35.98
settled 3d ago
T+5d
call — · α —
in 3d
T+20d
call — · α —
in 25d
T+60d
call — · α —
in 3mo

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Executive Summary

Legend Biotech announced promising Phase 1 data for LB2501, an in vivo CD19/CD20 dual-targeting CAR-T therapy, showing 100% ORR and 83.3% CR at dose level 2 in relapsed/refractory B-NHL, with no DLTs or SAEs. The data will be presented at EHA 2026 (June 11-14), providing a near-term catalyst. This is an early-stage, small-sample (n=12) readout, but the novel off-the-shelf approach could expand CAR-T access if confirmed in larger trials.

Actionable Insight

The EHA 2026 presentation on June 14 is the key catalyst — watch for additional efficacy durability and safety details. The small sample (n=12) and short follow-up limit conviction; a larger Phase 2/3 trial is needed to confirm. For now, this is a positive early signal for Legend's pipeline beyond CARVYKTI.

Key Facts

  • Phase 1 data for LB2501 (in vivo CAR-T) shows 100% ORR (6/6) and 83.3% CR (5/6) at dose level 2 in R/R B-NHL
  • No DLTs, SAEs, ICANS, or Grade ≥3 CRS observed; all CRS ≤ Grade 2
  • CAR-T cells detected in peripheral blood for up to 116 days without lymphodepletion
  • Data to be presented at EHA 2026 late-breaking session on June 14, 2026
  • LB2501 is built on the proprietary TaVec lentiviral vector platform
  • Median follow-up at DL2 was only 2.2 months (range 2.0–3.8); durability is early

Financial Impact

No financial data provided; early-stage pipeline readout with no revenue impact. Potential market expansion for in vivo CAR-T if successful.

pipeline valuemarket access potential

Risk Factors

  • Very early-stage data (n=12, median follow-up 2.2 months) — durability and larger-sample results unknown
  • In vivo CAR-T is a novel modality with unproven long-term safety and manufacturing scalability
  • Competition from other in vivo CAR-T approaches (e.g., Capstan, Sana) and approved CAR-T products
  • No financial or regulatory milestones provided; clinical risk remains high

Market Snapshot

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

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

DocumentAccession Number
PRESS-RELEASE Data (Synthetic)press-3305321
11 reports for LEGN
Performance horizon
86% Hit rate 6 of 7 directional calls best @ T+60▲ +83.95%Mar 10, 2026
Filters
Rows
Reports for LEGN — sortable, filterable
Type Now
Jun 2, 2026
4d ago
6-K
BULLISH ★ 7/10
$36.28 $35.98▼ −0.83%▼ −0.13%$32.62 (−10.09%)
Jun 2, 2026
4d ago
Press Release
BULLISH ★ 7/10
$36.28 $35.98▼ −0.83%▼ −0.13%$32.62 (−10.09%)
Jun 1, 2026
5d ago
6-K
BULLISH ★ 6/10
$25.51 $36.28▲ +42.22%▲ +42.07%$32.62 (+27.87%)
Jun 1, 2026
5d ago
Press Release
BULLISH ★ 6/10
$25.51 $36.28▲ +42.22%▲ +42.07%$32.62 (+27.87%)
May 21, 2026
16d ago
6-K
NEUTRAL ★ 4/10
awaiting T+1
May 21, 2026
16d ago
Press Release
BULLISH ★ 7/10
awaiting T+1
May 12, 2026
25d ago
6-K
BULLISH ★ 7/10
$28.26 $28.67▲ +1.45%▲ +0.88%$32.62 (+15.43%)
May 12, 2026
25d ago
Press Release
BULLISH ★ 7/10
$28.26 $28.67▲ +1.45%▲ +0.88%$32.62 (+15.43%)
Apr 28, 2026
5w ago
Press Release
NEUTRAL ★ 2/10
$23.56 $22.77▼ −3.35%▼ −3.34%$32.62 (+38.46%)
Apr 14, 2026
7w ago
6-K
BULLISH ★ 7/10
$18.69 $20.52▲ +9.79%▲ +9.02%$32.62 (+74.53%)
Showing 10 of 11

US Market Status

Market Closed — Opens Mon (14h 50m)

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