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Stock impact report

2seventy bio Reports First Quarter Financial Results and Recent Operational Progress

2seventy bio, Inc. (TSVT) 
Company Research Source: Business Wire
U.S. FDA Approval of Abecma for Triple-Class Exposed Relapsed or Refractory Multiple Myeloma After Two Prior Lines of Therapy; Commercial Launch UnderwayCompletion of R&D Pipeline Divestiture to Regeneron Sets Company on Track to Focus Exclusively on Development and Commercialization of Abecma with Streamlined Cost StructureAbecma generated $52 million U.S. commercial revenue in the first quarter of 2024Ended quarter with $181.4 million cash, cash equivalents, and marketable securities; cash runway beyond 2027Conference call today at 8:00 AM ET CAMBRIDGE, Mass.--(BUSINESS WIRE)--2seventy bio, Inc. (Nasdaq: TSVT), today reported financial results and recent highlights for the first quarter ended March 31, 2024.“In the first quarter of 2024, we have successfully completed a strategic re-alignment to focus exclusively on Abecma, seeking to impact many more patients in earlier lines and return to commercial growth. In turn, we are focused on reaching financial sustainability and creati Show less Read more
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