Jun. 6 at 2:02 PM
$LEGN Legend Biotech’s CEO is effectively giving an ultimatum to
$JNJ. By saying in the WSJ that he’s open to a limited partnership on in vivo CAR-T for lymphoma, he’s courting bidders. Once negotiations on the in vivo CAR-T deal reach an advanced stage, he’ll tack on the remaining 50% of the Carvykti franchise as part of the deal and sell the company. Watch out for reactions to the June 14 oral presentation. Would be surprised if a buyout didn’t happen by EOY, may be by fall 2026.