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2Seventy Bio - TSVT STOCK NEWS

Welcome to our dedicated page for 2Seventy Bio news (Ticker: TSVT), a resource for investors and traders seeking the latest updates and insights on 2Seventy Bio stock.

2Seventy Bio Inc (TSVT) is a clinical-stage biotechnology company pioneering cell therapies for cancer treatment through innovative immuno-oncology research. This dedicated news hub provides investors and medical professionals with essential updates on the company’s scientific advancements and corporate developments.

Access real-time updates on clinical trial progress, regulatory milestones, and strategic partnerships shaping 2Seventy Bio’s pipeline of cellular therapies. Our curated collection includes earnings reports, research publications, and management commentary – all organized for efficient tracking of this precision medicine innovator.

Key coverage areas include novel therapy approvals, collaborative research initiatives with leading institutions, and analyses of the company’s position within the competitive cell & gene editing landscape. All content undergoes rigorous verification to ensure compliance with financial disclosure standards.

Bookmark this page for streamlined access to TSVT’s latest developments in cancer treatment innovation. Combine our news monitoring with Stock Titan’s analytical tools to maintain informed perspectives on this dynamic biotech enterprise.

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2seventy bio (Nasdaq: TSVT) has finalized an asset purchase agreement with Novo Nordisk, selling its Hemophilia A program and in vivo gene editing technology for up to $40 million. The divestiture includes the transfer of related intellectual property and the team working on the program to Novo Nordisk. This move allows 2seventy bio to concentrate exclusively on the development and commercialization of Abecma, its BCMA-targeted CAR T cell therapy for multiple myeloma, in partnership with Bristol Myers Squibb. Novo Nordisk aims to advance the Hemophilia A program, leveraging the megaTAL technology.

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2seventy bio (Nasdaq: TSVT) has announced its participation in upcoming investor conferences. The management team will present at the TD Cowen 5th Annual Oncology Innovation Summit on May 28, 2024, and the Goldman Sachs 45th Annual Global Healthcare Conference on June 10, 2024. These events will include virtual fireside chats, available via live webcasts on the company's website, with replays accessible for 30 days. 2seventy bio focuses on developing CAR T cell therapies for multiple myeloma, leveraging their deep understanding of immune responses to tumor cells. Their name reflects their mission to rapidly translate human thought into action, aiming to extend the lives of cancer patients.

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2seventy bio, Inc. (Nasdaq: TSVT) reported Q1 2024 financial results and operational progress, focusing on Abecma, generating $52 million in U.S. commercial revenue. The FDA approved Abecma for treating relapsed or refractory multiple myeloma, expanding potential patient eligibility. Despite a decrease in total revenues, operational restructuring and cost optimization aim to drive future growth and shareholder value. The company ended the quarter with $181.4 million in cash, cash equivalents, and marketable securities, ensuring financial sustainability beyond 2027.

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2seventy bio, Inc. (Nasdaq: TSVT) will report its first quarter 2024 financial results on May 8, 2024. The company aims to accelerate cancer treatment development by leveraging cell therapies. They focus on delivering the first FDA-approved CAR T cell therapy for multiple myeloma. 2seventy bio emphasizes speed and efficacy in translating human thought into action, aiming to give patients more time. The company maintains a genuine approach and prioritizes its people and culture.

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Abecma receives FDA approval for earlier use in treating relapsed or refractory multiple myeloma, demonstrating significant progression-free survival benefits and a well-established safety profile.
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2seventy bio, Inc. (Nasdaq: TSVT) has completed an asset purchase agreement with Regeneron Pharmaceuticals, Inc., focusing exclusively on the development and commercialization of Abecma, a CAR T cell therapy for multiple myeloma. The company has transferred its oncology and autoimmune research programs to Regeneron, emphasizing a new strategic direction.
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2seventy bio, Inc. (TSVT) appoints Eli Casdin and Charlie Newton as new independent members of the Board of Directors. Casdin Capital owns 2.3% of outstanding shares. The company aims for strategic re-alignment and enhancing shareholder value.
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Bristol Myers Squibb and 2seventy bio announced positive FDA committee vote for Abecma in multiple myeloma treatment. Abecma's favorable benefit/risk profile was recognized based on KarMMa-3 study results. FDA review ongoing with no set action date yet.
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2seventy bio, Inc. (Nasdaq: TSVT) reported financial results for Q4 and full year 2023, highlighting $56M U.S. commercial revenue in Q4 and $358M for the year. The company ended the quarter with $221.8M in cash, extending the cash runway beyond 2027. Abecma faced competition impacting Q4 sales, but upcoming milestones, like the ODAC meeting on March 15, 2024, offer growth potential. The company's strategic focus on Abecma includes a partnership with Bristol Myers Squibb and clinical successes with KarMMa-3 and KarMMa-2 studies.
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2seventy bio, Inc. (TSVT) to announce Q4 and full year 2023 financial results on March 5, 2024. Management team to present at investor conferences. Earnings call scheduled for March 5, 2024, at 8:00 a.m. ET. Webcasts available for investor conference presentations and earnings call.
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2Seventy Bio

Nasdaq:TSVT

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260.65M
48.67M
6.59%
85.1%
9.31%
Biotechnology
Pharmaceutical Preparations
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United States
CAMBRIDGE