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LEGN — Legend Biotech News Story

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Legend Biotech appoints Ingrid Zhang as CEO; shares gain

BUZZ-Legend Biotech appoints Ingrid Zhang as CEO; shares gain

** Shares of drugmaker Legend Biotech LEGN.O gain 2.6% to $19.02 in premarket trading

** Co appoints longtime Novartis NOVN.S executive Ingrid Zhang as CEO

** LEGN also says Alan Bash, who had been serving as interim CEO, will return to his role as president of the Carvykti business

** In August, co beat Q2 earnings estimates

** Eleven of 16 brokerages rate the stock "buy" or higher, five "hold"; their median PT is $56 — LSEG-compiled data

** Up to last day's close, shares are down 14.8% YTD


(Reporting by Sudeshna Ghoshal in Bengaluru)

((Sudeshna.Ghoshal@thomsonreuters.com;))

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