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Stock impact report

GenScript Biotech Corporation Reports FY 2024 Results

Legend Biotech Corporation - American Depositary Shares (LEGN) 
Company Research Source: PR Newswire
Strategic deconsolidation of Legend Biotech unlocked significant value, while core businesses experienced rapid growth.PISCATAWAY, N.J., March 12, 2025 /PRNewswire/ -- GenScript Biotech Corporation (HKEX: 1548.HK), a leading global technology and service provider of life science R&D and manufacturing reported its financial results for the full year ended on December 31, 2024.FY 2024 Result HighlightsDeconsolidation of cell therapy business resulted in a gain of $3.2 Billion.Revenue from the continuing operations (sans cell therapy business) was $594.5 Million compared to $560.5 Million for the year ended December 31, 2023 (the "Prior Period").Profit of the Group has increased to approximately $2.9 Billion, whilst the loss of the Group was approximately US$355.1 million for the Prior Period.The adjusted net profit of the Group from continuing operations was approximately $59.8 Million compared to $58.1 Million for the Prior Period.Significant investments were made in manufacturing and Show less Read more
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