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CRSP to Report Q4 Earnings: Is a Beat in Store for the Stock?
ZACKS· 2026-02-03 14:32
Core Insights - CRISPR Therapeutics (CRSP) is expected to exceed expectations in its fourth-quarter and full-year 2025 results, with earnings having beaten estimates by 11.36% in the last reported quarter [1] - The Zacks Consensus Estimate for quarterly sales is $4.00 million, while the earnings estimate is a loss of $1.15 per share [1] Financial Performance - CRISPR Therapeutics' revenue includes grants and collaboration income from its partnership with Vertex Pharmaceuticals (VRTX) [2] - The company has shown a decent performance over the past four quarters, beating earnings estimates in three of those quarters, with an average surprise of 15.23% [8] Product Development - The one-shot gene therapy, Casgevy, developed in partnership with VRTX, was approved for sickle cell disease (SCD) and transfusion-dependent beta-thalassemia (TDT) in late 2023/early 2024, marking it as the only marketed product in CRISPR's portfolio [3] - Casgevy sales have been increasing, which is likely to improve collaboration expenses for the upcoming quarter [4] Future Prospects - Investors are keen on updates regarding global regulatory submissions planned for the first half of 2026, aiming for label expansion of Casgevy for younger patients [5] - CRISPR Therapeutics is developing novel CAR-T cell therapies, including zugo-cel, which is being evaluated in early-stage studies for various conditions [6] - The company is also advancing its in-vivo pipeline with candidates CTX310 and CTX320, and plans to introduce two more programs, CTX340 and CTX450, into clinical development by the end of the year [7] Earnings Prediction - The model predicts an earnings beat for CRISPR Therapeutics, supported by a positive Earnings ESP of +15.85% and a Zacks Rank of 3 [11][12] - The Most Accurate Estimate stands at a loss of $0.97 per share, compared to the Zacks Consensus Estimate of a loss of $1.15 [12]
Legend Biotech Awarded 2025 FIBA Foreign Investor of the Year by Flanders Investment & Trade
Globenewswire· 2025-11-27 14:00
Core Insights - Legend Biotech has been awarded the Foreign Investor of the Year at the 2025 Flanders International Business Awards, recognizing its significant contributions to the region's biotech sector [1][2] - The company has made a €165 million joint investment with Johnson & Johnson to expand its manufacturing facility in Ghent, enhancing its position as a major CAR-T manufacturing center in Europe [3][4] Company Growth and Operations - Since starting operations in Ghent in 2022, Legend Biotech's workforce has grown from 2 to over 1,000 employees, representing 66 nationalities, with plans for further hiring in the coming years [4] - The Ghent facility, along with the nearby Obelisc site, serves as the European hub for clinical and commercial supply of cell therapies across the EMEA region [3] Strategic Partnerships and Ecosystem - Legend Biotech's growth is closely linked to the strength of the Flemish biotech ecosystem, supported by partnerships with Flanders Investment & Trade (FIT) and collaborations with research institutions like VIB and Ghent University [5] - The company aims to leverage its leadership in CAR-T cell therapy to maximize patient access and drive future innovations in cell therapy modalities [6]
Legend Biotech Celebrates Official Opening of New State-of-the-Art Cell Therapy Research and Development Facility in Philadelphia
Globenewswire· 2025-11-13 17:08
Core Insights - Legend Biotech has officially opened a new 31,000-square-foot R&D facility in Philadelphia, enhancing its position as a leader in cell therapy innovation [3][4][5] - The facility will support the development of CAR-T therapies for oncology and immunology indications, contributing to Legend's expanding pipeline of next-generation cell therapies [4][5][9] Company Overview - Legend Biotech is headquartered in Somerset, New Jersey, and employs over 2,900 individuals, making it the largest standalone cell therapy company [9] - The company is known for its CARVYKTI treatment for relapsed or refractory multiple myeloma, which has been administered to over 9,000 patients across 132 treatment centers in 44 states [9] Facility Details - The new Philadelphia facility features advanced laboratories and collaborative workspaces aimed at fostering innovation and accelerating research programs [4][5] - Approximately 55 full-time employees will work at the new site, which complements Legend's existing R&D presence in Piscataway, New Jersey [5][6] Industry Context - The opening of the facility reflects the strength of Philadelphia's life sciences ecosystem, which is home to top-tier scientific talent and research institutions [8] - Local officials and industry leaders have expressed enthusiasm for Legend Biotech's investment, highlighting its potential to create high-quality jobs and enhance the city's reputation in healthcare innovation [8]