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performer in the DJIA today--Contributed 16.61 points to the DJIA so far todayAll data as of 11:34:10 AM ETSource: Dow Jones Market Data, 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Biotech Carvykti Growth, Profitability Outlook Remain Positive, RBC Says","url":"https://stock-news.laohu8.com/highlight/detail?id=2658690574","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2658690574?lang=en_us&edition=fundamental","pubTime":"2026-08-12 23:01","pubTimestamp":1786546891,"startTime":"0","endTime":"0","summary":"Legend Biotech  is positioned to sustain profitability after achieving adjusted net income profitability in Q2 and given its existing cash runway, RBC Capital Markets said.Revenue increased to $387.5 million from $255.1 million. Revenue growth was mainly driven by myeloma therapy Carvykti, according to the note Tuesday.Carvykti's market share as an earlier-line treatment for myeloma continues to grow. RBC said the 2nd-to-4th-line market remains underpenetrated by BCMA-targeting therapies.The investment firm believes near-term risk to Carvykti, developed in collaboration with Johnson & Johnson , from bispecifics and future CAR-T entrants is being overstated. The continued investment by Legend and J&J supports the drug's growth outlook, according to the note.Johnson & Johnson has reiterated Carvykti's potential to generate more than $5 billion in annual sales.RBC has an outperform rating on the stock and lowered its price target to $58 from $59.Shares of Legend Biotech were down 3.4% in 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Reed to its board of directors on Aug. 12, 2026.Reed is executive vice president, Innovative Medicine, 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