IB

Iovance Biotherapeutics

IOVA
NASDAQHealth Care
$3.38
USD
+0.06(+1.96%)
At close: Apr 30, 18:34 UTC
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Market Snapshot

Market Cap

$1.31B

P/E Ratio

-3.4

EPS

-1.29

Revenue

$164.07M

Employees

975

Why IOVA moved

Iovance Biotherapeutics plans to raise its authorized shares to 650 million, bolstering capital for its tumor-infiltrating lymphocyte therapy platform development.

About

Iovance Biotherapeutics, Inc. is a biopharmaceutical company, which engages in the development and commercialization of cell therapies as novel cancer immunotherapy products. The company is headquartered in San Carlos, California and currently employs 975 full-time employees. The company went IPO on 2008-06-20. The company is focused on developing and delivering novel polyclonal tumor infiltrating lymphocyte (TIL) therapies for patients with cancer. Its product, Amtagvi, is a tumor-derived autologous T cell immunotherapy indicated for the treatment of adult patients with unresectable or metastatic melanoma previously treated with a PD-1 blocking antibody, and if BRAF V600 mutation positive, a BRAF inhibitor with or without a MEK inhibitor. The company is marketing Proleukin (aldesleukin), an interleukin-2 (IL-2) product used in the Amtagvi treatment regimen and in other applications. Amtagvi and Proleukin are part of a treatment regimen that includes lymphodepletion. Its development pipeline includes multicenter trials of TIL cell therapies in additional treatment settings and indications for solid tumor cancers. The company also develops therapies, such as genetically modified TIL cell therapy and cytokines for use in the TIL cell therapy regimen.

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