Iovance Biotherapeutics Reports Financial Results and Corporate Updates for Third Quarter and Year to Date 2024
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Iovance Biotherapeutics reported strong financial results for Q3 2024, with significant demand for Amtagvi™ (Lifileucel) leading to $58.6M in product revenue. The company reaffirmed its revenue guidance for FY24 and FY25. Marketing authorization applications have been accepted in Europe, with potential approvals starting in 2025. Enrollment is accelerating in a key Phase 2 trial.
November 07, 2024 | 9:15 pm
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Iovance Biotherapeutics reported $58.6M in Q3 2024 revenue from Amtagvi™, reaffirming its FY24 and FY25 guidance. European regulatory reviews are in progress, with potential approvals in 2025.
The strong Q3 revenue and reaffirmed guidance indicate robust demand for Iovance's product, which is positive for the stock. The progress in regulatory reviews in Europe adds potential for future growth.
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