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Stock impact report

2seventy bio Reports First Quarter Financial Results and Recent Operational Progress [Yahoo! Finance]

2seventy bio, Inc. (TSVT) 
Company Research Source: Yahoo! Finance
Completion of R&D Pipeline Divestiture to Regeneron Sets Company on Track to Focus Exclusively on Development and Commercialization of Abecma with Streamlined Cost Structure Abecma generated $52 million U.S. commercial revenue in the first quarter of 2024 Ended quarter with $181.4 million cash, cash equivalents, and marketable securities; cash runway beyond 2027 Conference call today at 8:00 AM ET CAMBRIDGE, Mass., May 08, 2024 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 creating value for shareholders," said Chip Baird, CEO, 2seventy bio. "We have executed against the plan we described in January, compl Show less Read more
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