Levi & Korsinsky notifies investors that it has commenced an investigation into Legend Biotech Corporation (NASDAQ: LEGN) concerning potential violations of the federal securities laws.
On November 28, 2023, the U.S. Food and Drug Administration ("FDA") announced that it was "investigating the identified risk of T cell malignancy with serious outcomes, including hospitalization and death, and is evaluating the need for regulatory action" after "receiving reports of T-cell malignancies, including chimeric antigen receptor CAR-positive lymphoma, in patients who received treatment with BCMA- or CD19-directed autologous CAR T cell immunotherapies." The FDA's press release listed Legend's Carvykti (ciltacabtagene autoleucel) as among the approved products in the class of products at issue. On this news, Legend's stock price fell $1.57 per share to close at $59.99 per share on November 28, 2023.
If you suffered a loss on your Legend securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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