Revenue Growth and Improved Margins
Third quarter revenue grew 13% over the prior quarter, reaching approximately $68 million. Gross margin improved to 43% following strategic restructuring and cost optimization.
Expansion of Academic and Community ATCs
Iovance expanded its network to include new academic and multiple community ATCs, with initial patients being treated and earlier patient referrals driving growth.
Positive Clinical Data in Lung Cancer
Interim clinical data for previously treated non-squamous non-small cell lung cancer showed a 26% objective response rate and median duration of response not reached at over 25 months.
Successful Manufacturing Transition Plans
Iovance is centralizing manufacturing at its internal facility, expecting significant cost savings and improved gross margin as operations transition in early 2026.
Strong Cash Position
The cash position was approximately $307 million as of September 30, expected to fund operations into the second quarter of 2027.