earnings
confidence high
sentiment neutral
materiality 0.75
Iovance Q1 net loss $107.4M, cash $632.7M; BLA submitted for lifileucel
IOVANCE BIOTHERAPEUTICS, INC.
2023-Q1 EPS reported
-$0.50
- Q1 net loss $107.4M ($0.50 per share) vs loss of $91.6M ($0.58) in Q1 2022.
- Cash $632.7M as of Mar 31, 2023, incl $260.1M from ATM facility; expected to fund into H2 2024.
- Completed rolling BLA submission for lifileucel in post-anti-PD-1 advanced melanoma in March 2023.
- Plans to acquire Proleukin; closing expected Q2 2023.
- Commercial launch preparations for lifileucel on track for 2023; iCTC capacity for 2,000+ patients.