Legend Biotech sinks today as CEO Zhang is under a customs investigation

cafead

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  • cafead   Sep 21, 2020 at 10:52: AM
via Shares of the Chinese anti-cancer cell therapy specialist Legend Biotech (NASDAQ:LEGN) are poised for a rough session today. Ahead of the opening bell Monday morning, the biotech's stock fell by as much as 15.8% in response to the news that the Customs Anti-Smuggling Department of the People's Republic of China (PRC) inspected offices associated with both its parent majority shareholder, GenScript Biotech Corporation, and some of its own subsidiaries in the country.

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