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6-K ·Filed Jun 2, 2026

LEGN

Legend Biotech Corp
BULLISH
Impact 7/10
Horizondays Processed4mo ago SEC0001171843-26-003866
Notable filing: 6-K
Actionable Insight ▲ Bullish

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.

DirectionBullish
Confidencemedium
Horizondays
Final — all horizons settled through T+60d ⚠ clustered
LEGN ▼ -43.00% at T+60d
LONG call ✗ call lost -43.00% · α vs SPY -44.12% · entry $36.28 → $20.68
Entry = T+0 close
Jun 2, 2026
via day close
T+1d
-0.83%
call -0.83% · α -0.13%
$35.98
settled 5mo ago
T+5d
-7.69%
call -7.69% · α -4.73%
$33.49
settled 5mo ago
T+20d
-17.61%
call -17.61% · α -16.05%
$29.89
settled 4mo ago
T+60d
-43.00%
call -43.00% · α -44.12%
$20.68
settled 2mo ago

Price Chart

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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.

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)

Investment Themes

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
27 reports for LEGN
Performance horizon
53% Hit rate @ T+20 9 of 17 directional calls Went positive at some point 15 of 19 best @ T+60▲ +83.95%Mar 10, 2026
Filters
Rows
Reports for LEGN — sortable, filterable
TypeNow
Oct 15, 2026
11d ago
6-K
BULLISH ★ 5/10
$19.80awaiting T+20—$20.39 (+2.98%)
Oct 13, 2026
13d ago
6-K
BULLISH ★ 6/10
$17.88awaiting T+20—$20.39 (+14.04%)
Sep 29, 2026
27d ago
144
NEUTRAL ★ 2/10
$18.82awaiting T+20—$20.39 (+8.34%)
Sep 25, 2026
4w ago
6-K
BULLISH ★ 5/10
$19.11 $19.27▲ +0.84%▲ +2.31%$20.39 (+6.70%)
Sep 25, 2026
4w ago
Press Release
BULLISH ★ 5/10
$19.11 $19.27▲ +0.84%▲ +2.31%$20.39 (+6.70%)
Sep 15, 2026
5w ago
6-K
NEUTRAL ★ 3/10
$17.67 $17.88▲ +1.19%▼ −1.53%$20.39 (+15.39%)
Sep 14, 2026
6w ago
6-K
NEUTRAL ★ 3/10
$18.53 $17.80▼ −3.94%▼ −6.20%$20.39 (+10.04%)
Aug 11, 2026
10w ago
6-K
BULLISH ★ 7/10
$21.83 $19.91▼ −8.80%▼ −7.74%$20.39 (−6.60%)
Jul 27, 2026
13w ago
6-K
BEARISH ★ 6/10
$19.27 $20.94▼ −8.67%▼ −5.37%$20.39 (−5.81%)
Jul 27, 2026
13w ago
Press Release
NEUTRAL ★ 4/10
$19.27 $20.94▲ +8.67%▲ +5.37%$20.39 (+5.81%)
Showing 10 of 27

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Report published Jun 2, 2026