Feb 28, 01:02 PM

Iovance Biotherapeutics ($IOVA) Reports Q4 2024 Results; Stock Falls 23% to $4.50, Butterfly Network ($BFLY) Revenue at $22.4M

Iovance Biotherapeutics ($IOVA) reported a fourth quarter and full year 2024 financial results, revealing a decrease in sales growth. The company's therapy, Amtagvi, showed a quarter-over-quarter growth of only 16%, with revenues of $48.7 million in Q4, up from $42.1 million in Q3. The market responded negatively, leading to a pre-market decline of 23% in the stock price, which fell to $4.50. The therapy's complexity and toxicity, particularly for late-stage melanoma patients, have raised concerns about its viability. Meanwhile, Butterfly Network ($BFLY) announced its fourth quarter 2024 results, reporting a revenue of $22.4 million, a 35% year-over-year increase, despite a net loss of $18.1 million. However, the stock saw a pre-market drop of 11.5% following the announcement.

#Iovance Biotherapeutics #Amtagvi #Butterfly Network

Written with ChatGPT (GPT-4o mini).

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Iovance Biotherapeutics ($IOVA) Reports Q4 2024 Results; Stock Falls 23% to $4.50, Butterfly Network ($BFLY) Revenue at $22.4M

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