$Legend Biotech (LEGN.US)$ Legend Biotech shares are trading...

$Legend Biotech(LEGN.US)$ Legend Biotech shares are trading higher after BMO Capital initiated coverage on the stock with an Outperform rating and $77 price target.

$Mereo BioPharma(MREO.US)$ Mereo BioPharma shares are trading higher following reports suggesting AstraZeneca is weighing a bid for Mereo BioPharma.

$Seagen(SGEN.US)$ Seagen shares are trading higher following a WSJ report suggesting Merck and other unnamed suitors are eyeing a purchase of the company.

$Scholar Rock(SRRK.US)$ Scholar Rock shares are trading higher after the company announced a $205 million registered direct offering.