Genscript Biotech Reports 61.4% Revenue Growth Year-Over-Year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 16 2026
0mins
Should l Buy LEGN?
Source: Yahoo Finance
- Significant Revenue Growth: Genscript Biotech Corp (GNNSF) reported a 61.4% year-over-year revenue increase to $959.5 million, primarily driven by its gene-to-protein platform, which accounted for 65% of total revenue growth, showcasing the company's strong market performance and competitiveness.
- Profitability Improvement: Adjusted net profit reached nearly $230 million, despite a $398.1 million impairment loss from its investment in Legend Biotech, indicating ongoing efforts to manage investment risks and improve overall financial health.
- Market Expansion Success: North American and European markets contributed 38% of total revenue, reflecting the effectiveness of Genscript's global expansion strategy, which lays a solid foundation for future growth, particularly driven by strong demand in the life sciences sector.
- Sustainability Progress: The company made significant strides in sustainability, receiving an upgraded ESG rating and inclusion in the FTSE for Good Index Series, demonstrating its commitment to social responsibility and environmental protection, which can enhance brand image and market recognition.
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Analyst Views on LEGN
Wall Street analysts forecast LEGN stock price to rise
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 21.170
Low
48.00
Averages
68.10
High
90.00
Current: 21.170
Low
48.00
Averages
68.10
High
90.00
About LEGN
Legend Biotech Corporation is a global biopharmaceutical company. The Company is engaged in the discovery, development, manufacturing and commercialization of cell therapies for oncology and other indications. Its lead product candidate, ciltacabtagene autoleucel (cilta-cel), referred to as LCAR- B38M, is an autologous chimeric antigen receptor (CAR-T) cell therapy that targets the B-cell maturation antigen (BCMA), which is a highly expressed protein in several hematologic malignancies, including multiple myeloma (MM). In addition to cilta-cel, the Company has a portfolio of earlier-stage autologous CAR-T product candidates targeting various cancers, including Non-Hodgkins Lymphoma, acute lymphoblastic leukemia, gastric cancer, esophageal cancer, pancreatic cancer, colorectal cancer, small cell lung cancer, and non-small cell lung cancer. It is also engaged in developing an allogeneic gamma delta CAR-T product candidate and an allogeneic CAR-NK product candidate targeting BCMA for MM.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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