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Friday, February 28, 2025

Iovance smaller net loss

 

  • The company reported a net loss of $372.2 million for the full year 2024, although this was an improvement from the previous year.

  • There are challenges in scaling up ATCs, with only 13% of them having infused more than 10 patients, indicating room for growth but also current limitations.

  • The company faces competition from potential new entrants in the market, which could impact their market share.

  • Manufacturing and operational costs remain high, with cost of sales for the full year 2024 at $124 million.

  • There is uncertainty regarding the timing and success of future regulatory approvals and market expansions, which could affect revenue projections.

  • https://finance.yahoo.com/news/iovance-biotherapeutics-inc-iova-q4-073751183.html

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