New Orleans, 28 May 2025 (Globe Newswire) – Claims FILERA free information service for shareholder, investors reminds them that they are up to July 15, 2025 Submit lead -requirement applications in an actions of a Effectenklasse Action below IOVANCE BIOTERYTRAPERICSInc. (“IOVANCE” or the “company”) (Nasdaqgm: IOVA), if they bought the effects of the company between 9 May 2024 and 8 May 2025, including (the “class period”). This action is being treated in the American court for the Northern district of California.
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IOVANCE investors must visit us at https://claimsfiler.com/cases/nasdaq-iova/ Or call for free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the lawsuit
IOVANCE and certain of his managers are responsible for not disclosing material information during the class period, which violates the federal securities laws.
On May 8, 2025, the company announced its 1q 2025 financial results, which revealed a three -month total product income of $ 49.3 million, a significant decrease compared to the $ 73.7 million of the previous quarter, as well as a reduced 40% until its full fiscal year 2025 total product income from $ 450 – $ 450 by $ 450 300m. Furthermore, the company revealed that “revision of the turnover guidance 2025 to reflect the recent launch dynamics” by Amtagvi and that “[t]He considers updated prediction experience with ATC [authorized treatment center] Growth processes and treatment time lines for new ATCs. “
Regarding this news, the price of the IOVANCE shares fell by 44.8%, of $ 1.42 per share to close on 9 May 2025 to $ 1.75 per share at an unusually heavy trading volume.
The case is Farberov v. IOVANCE BIOTEREUTICS, Inc., et al., Case no. 25 CV-4199.
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