Core Points - A class action has been filed against Iovance Biotherapeutics, Inc. for allegedly misleading investors regarding its business prospects during the class period from May 9, 2024, to May 8, 2025 [1][2] - The complaint highlights several issues, including delays in treatment timelines at new Authorized Treatment Centers (ATCs), ineffective patient identification and selection, and the resulting higher costs and lower revenue [2] - Iovance reported a significant decline in quarterly product revenue, dropping from $73.7 million to $49.3 million, and revised its full-year revenue guidance down by over 40% [3] Company Performance - Iovance's first quarter 2025 financial results showed total product revenue of $49.3 million, a decrease of approximately 33% from the previous quarter [3] - The company's full fiscal year 2025 revenue guidance was reduced from a range of $450 million - $475 million to $250 million - $300 million, indicating a substantial downward revision [3] Legal Proceedings - Shareholders interested in participating in the class action must file their papers by July 14, 2025, to serve as lead plaintiff [4] - The class action allows shareholders to recover losses without needing to actively participate in the case [4]

Core Viewpoint - A class action lawsuit has been filed against Iovance Biotherapeutics, Inc. for allegedly providing misleading statements about its growth potential and failing to capitalize on demand for its treatments during the class period from May 9, 2024, to May 8, 2025 [1][3]. Company Performance - Iovance announced its financial results for Q2 2024 on July 25, 2024, and reduced its revenue guidance for the full fiscal year 2024 due to several factors, including maintenance that reduced capacity, lower-than-expected Proleukin sales, and the variable pace of treatment initiation [4]. - Following the announcement of reduced guidance, Iovance's stock price plummeted from $3.17 per share on May 8, 2025, to $1.75 per share on May 9, 2025, marking a decline of approximately 44.8% in one day [4]. Legal Proceedings - The lawsuit is on behalf of all individuals and entities that purchased Iovance securities during the specified class period, with a deadline of July 14, 2025, for investors to apply as lead plaintiffs [1]. - The complaint alleges that the company concealed material adverse facts regarding its ability to meet demand for its treatments [3]. Investor Information - Investors who suffered losses or have questions regarding the lawsuit can contact the law firm Bragar Eagel & Squire, P.C. for more information [5].

Core Viewpoint - A securities class action lawsuit has been filed against Iovance Biotherapeutics, Inc. for allegedly misleading investors regarding the company's performance and treatment timelines for its product Amtagvi during the class period from May 9, 2024, to May 8, 2025 [1][2]. Group 1: Allegations and Company Performance - The lawsuit claims that Iovance made false statements and failed to disclose critical issues, including delays in treatment timelines at new Authorized Treatment Centers (ATCs) and inefficiencies in patient identification, leading to increased costs and reduced revenue [2]. - Iovance reported a significant decline in quarterly total product revenue, dropping to $49.3 million from $73.7 million in the previous quarter, and slashed its full fiscal year 2025 revenue guidance from $450 million - $475 million to $250 million - $300 million, representing a reduction of over 40% at the midpoint [3]. - Following the release of these financial results, Iovance's share price fell by $1.42, or 44.8%, closing at $1.75 per share on May 9, 2025, amid unusually high trading volume [3]. Group 2: Legal Proceedings - Investors who acquired shares of Iovance during the class period are encouraged to contact the law firm Gainey McKenna & Egleston before the lead plaintiff motion deadline of July 15, 2025 [4].

Core Viewpoint - Iovance Biotherapeutics experienced a nearly 6% decline in stock price due to a downgrade in analyst recommendation, despite a generally positive market day for equities [1]. Group 1: Analyst Downgrade - UBS analyst David Dai changed his recommendation for Iovance from buy to neutral and significantly lowered the price target from $17 to $2 per share [2]. - This downgrade followed the release of the company's latest quarterly earnings, which provided insights into its performance [4]. Group 2: Product Performance Concerns - Sales of Iovance's leading product, the advanced melanoma drug Amtagvi, were reported to be below expectations, indicating a slower commercialization ramp-up [5]. - There are concerns regarding higher drop-out rates for Amtagvi, suggesting potential flaws in patient selection [5]. Group 3: Revenue Guidance and Market Sentiment - The company issued a notable revenue guidance cut in its earnings report, raising concerns among investors about its future performance [6]. - Despite the scientific potential of Iovance and Amtagvi, the current business aspects warrant caution among investors [6].

NEW YORK, May 16, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Iovance Biotherapeutics, Inc. (“Iovance” or “the Company”) (NASDAQ: IOVA) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired I ...

ATLANTA, May 16, 2025 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Iovance Biotherapeutics, Inc. (“Iovance” or the “Company”) (NASDAQ: IOVA). The lawsuit alleges that Defendants made materially false and/or misleading statements and/or failed to disclose material adverse information about Iovance’s business, operations, and prospects, including allegations that: (1) new Authorized Treatment Centers (“ATCs”) were experiencing longer timelines to begin treating patients with A ...

NEW YORK, May 15, 2025 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP: To: All persons or entities who purchased or otherwise acquired securities of Iovance Biotherapeutics, Inc. (“Iovance” or the “Company”) (NASDAQ: IOVA) between August 8, 2024, to May 8, 2025, both dates inclusive. You are hereby notified that the class action lawsuit Karthik Trichur Sundaram v. Iovance Biotherapeutics, Inc., et al. (Case No. 3:25-cv-04177) has been commenced in the United States Dist ...

Iovance's poor first quarter Penny stocks -- companies with shares trading at around $5 or even less apiece -- usually carry above-average risk. However, there may be hidden gems among them: companies with attractive prospects that continue to be ignored by most investors. Identifying those penny stocks with significant latent upside potential and investing in them before they catch fire can lead to life-changing returns. That brings us to Iovance Biotherapeutics (IOVA -5.03%), a small-cap biotech that has ...

Group 1 - Iovance Biotherapeutics reported a significant decline in first quarter 2025 product revenue, totaling $49.3 million compared to $73.7 million in the previous quarter [2] - The company revised its full fiscal year 2025 total product revenue guidance from a range of $450 million - $475 million to $250 million - $300 million, indicating a reduction of over 40% at the midpoint [2] - The revenue guidance revision was attributed to recent launch dynamics of the T cell immunotherapy, Amtagvi® (lifileucel), which was launched in the U.S. in the first half of 2024 [2] Group 2 - Following the announcement of the financial results and guidance revision, Iovance's stock experienced a drop on unusually heavy trading volume [2] - Bragar Eagel & Squire, P.C. is investigating potential claims against Iovance on behalf of stockholders regarding possible violations of federal securities laws and unlawful business practices [1]

Core Insights - Iovance Biotherapeutics is under investigation for potential violations of federal securities laws and unlawful business practices [1] - The company reported a significant decline in first quarter 2025 product revenue, totaling $49.3 million, down from $73.7 million in the previous quarter [3] - Iovance has revised its full fiscal year 2025 revenue guidance from a range of $450 million-$475 million to $250 million-$300 million, representing a reduction of over 40% at the midpoint [3] - Following the announcement, Iovance's share price dropped by $1.42, or approximately 44%, closing at $1.75 on May 9, 2025 [3] Company Performance - The first quarter 2025 product revenue of $49.3 million indicates a significant decrease compared to the previous quarter's revenue of $73.7 million [3] - The revision of the full-year 2025 revenue guidance reflects challenges in the launch dynamics of the T cell immunotherapy, Amtagvi (lifileucel), which was launched in the U.S. in the first half of 2024 [3] Market Reaction - The announcement of the revenue decline and guidance revision led to a sharp decline in Iovance's stock price, falling from $3.17 to $1.75 within a day [3]