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Biotech M&A heats up with Legend Biotech as top takeover target due to strong revenue and strategic fit.

Market News
24 Jun 2026
24/7 Wall Street
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Bullish
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Biotech mergers and acquisitions are gaining momentum as Big Pharma seeks to offset upcoming patent losses. Among potential targets, Legend Biotech stands out for its revenue-generating CAR-T therapy Carvykti, co-developed with Johnson & Johnson, showing strong sales growth and nearing profitability. Its share price is undervalued, making it an attractive acquisition candidate with minimal integration challenges. Revolution Medicines and Structure Therapeutics also present opportunities but face higher prices or clinical risks. Legend Biotech is the most actionable target as biotech dealmaking accelerates.

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