Months af­ter shock­ing house ar­rest, Leg­end co-founder Frank Zhang is out on bail — though the CAR-T play­er has moved on

It’s still un­clear why Frank Zhang — the founder and for­mer CEO of both Gen­Script and its CAR-T sub­sidiary, Leg­end Biotech — was first placed un­der res­i­den­tial sur­veil­lance and then ar­rest­ed. But he’s fi­nal­ly re­leased on bail.

Gen­Script first dis­closed in Sep­tem­ber that Zhang had been de­tained as part of a cus­toms in­ves­ti­ga­tion on Gen­Script, the con­tract re­search or­ga­ni­za­tion he had run for the bet­ter part of the last two decades. It even­tu­al­ly emerged that the sus­pect­ed of­fense had to do with “smug­gling goods pro­hib­it­ed by the im­port and ex­port reg­u­la­tions un­der the laws of the PRC,” and two oth­er em­ploy­ees who had han­dled im­port and ex­port ac­tiv­i­ties were al­so ar­rest­ed.

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