2seventy Bio reports Q3 EPS ($1.40), consensus ($1.03)

Reports Q3 revenue $12M, consensus $31.18M. “This quarter, 2seventy completed a significant reshaping of our organization, enabling us to advance our pipeline in an efficient and more cost-effective manner. We are also supporting BMS’ efforts to return Abecma to growth through a variety of commercial and medical affairs initiatives, including adding more treatment sites and boots on the ground,” said Nick Leschly, chief kairos officer. “Collectively, we believe these measures will give us the ability to continue our mission of delivering time to patients, operate within a more disciplined cost structure and deliver value for our shareholders.”