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UPDATE: Legend Discloses Carvykti's Q2 2022 Revenue of $24M

Here is a brief preview of this blast: On Thursday, July 21, Legend Biotech reported (6-K SEC) that Carvykti (JNJ / Legend’s BCMA CAR-T) generated approximately $24M in "net trade sales" in Q2 2022. Of note, during JNJ's Q2 2022 earnings call, management highlighted that the first Carvykti sales had been recorded, but did not disclose its Q2 2022 revenue (see previous insight). The Celltelligence team will analyze how Carvykti's revenue compares with key competitor Abecma (BMS's BCMA CAR-T) after BMS releases its Q2 2022 financial results on July 27, 2022.

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The Celltelligence Team

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The Celltelligence team has combined experience in oncology, including cell therapy, CAR-T, immunology, microbiology, biochemistry, and other various fields in life sciences. Our team members include PhDs, industry veterans, and analysts tuned to The Street – all of whom help to create a more actionable service of delivering cell therapy intelligence.