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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.

More News (ABBV)

BOTOX Cosmetic selects 250 women entrepreneurs for mentorship; 20 to get $20K grants.

BOTOX Cosmetic selects 250 women entrepreneurs for mentorship; 20 to get $20K grants.

BOTOX Cosmetic, under Allergan Aesthetics and AbbVie, announced 250 women entrepreneurs chosen for The Confidence Collective program, offering skill-building, mentorship, and networking. From this group, 20 participants will receive $20,000 grants to...

Others
Bullish
5 hours ago
The 16th annual PODD conference on drug delivery innovation will be held in Boston this October.

The 16th annual PODD conference on drug delivery innovation will be held in Boston this October.

The 16th annual PODD (Partnership Opportunities in Drug Delivery) conference will take place on October 29-30, 2026, in Boston, gathering over 1,000 industry leaders to discuss advancements in drug delivery systems. The event features over 150 sessio...

Others
Bullish
1 day ago
Canada approves Boey®, a fast-acting, short-duration botulinum toxin for temporary frown line treatment.

Canada approves Boey®, a fast-acting, short-duration botulinum toxin for temporary frown line treatment.

Canada has approved Boey®, the first rapid-onset and short-duration botulinum neurotoxin serotype E, for temporarily improving moderate to severe glabellar (frown) lines. Developed by Allergan Aesthetics, Boey® offers results visible as early as eigh...

Market News
Bullish
1 day ago
Big pharma eyes clinical-stage biotechs; Syndax leads M&A watchlist after Apogee deal.

Big pharma eyes clinical-stage biotechs; Syndax leads M&A watchlist after Apogee deal.

Following AbbVie's pending acquisition of Apogee Therapeutics, big pharma is actively seeking clinical-stage biotech firms with late-stage data and strategic fit in immunology, obesity, or oncology. Among Nasdaq-listed biotechs, Syndax Pharmaceutical...

Market News
Bullish
1 day ago
EU approves MAVIRET for acute hepatitis C treatment in adults and children 3+ years old

EU approves MAVIRET for acute hepatitis C treatment in adults and children 3+ years old

The European Union has approved MAVIRET (glecaprevir/pibrentasvir) for treating acute hepatitis C virus (HCV) infection in adults and children aged 3 and older. This is the only treatment in the EU approved for both acute and chronic HCV, enabling ea...

Market News
Bullish
1 day ago
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