other material
confidence high
sentiment neutral
materiality 0.75
Iovance reports $485M cash, AMTAGVI launch ongoing; partial clinical hold on lung TIL trial
IOVANCE BIOTHERAPEUTICS, INC.
- Cash position ~$485M as of 2/22/24, including $197.1M from Feb 2024 equity offering.
- AMTAGVI (lifileucel) approved for advanced melanoma; 30 active ATCs at launch, targeting ~50 within 90 days.
- FDA placed partial clinical hold on IOV-LUN-202 NSCLC trial on Dec 22, 2023; enrollment paused.
- Phase 3 TILVANCE-301 frontline melanoma trial randomized first patient in 2Q23.
- Proleukin acquired for £167.7M upfront; global rights secured for IL-2 supply in AMTAGVI regimen.