U.S. FDA Approval of Abecma for Triple-Class
Exposed Relapsed or Refractory Multiple Myeloma After Two Prior
Lines of Therapy; Commercial Launch Underway
Completion of R&D Pipeline Divestiture to
Regeneron Sets Company on Track to Focus Exclusively on Development
and Commercialization of Abecma with Streamlined Cost Structure
Abecma generated $52 million U.S. commercial
revenue in the first quarter of 2024
Ended quarter with $181.4 million cash, cash
equivalents, and marketable securities; cash runway beyond 2027
Conference call today at 8:00 AM ET
2seventy bio, Inc. (Nasdaq: TSVT), today reported financial
results and recent highlights for the first quarter ended March 31,
2024.
“In the first quarter of 2024, we have successfully completed a
strategic re-alignment to focus exclusively on Abecma, seeking to
impact many more patients in earlier lines and return to commercial
growth. In turn, we are focused on reaching financial
sustainability and creating value for shareholders,” said Chip
Baird, CEO, 2seventy bio. “We have executed against the plan we
described in January, completing the sale of our R&D business
to Regeneron and obtaining FDA approval for Abecma in the earlier
line setting. Going forward, we will have a streamlined cost
structure that gives us time to return Abecma to growth with our
partner, Bristol Myers Squibb. The recent FDA approval greatly
expands the number of eligible patients for Abecma, and we believe
that the KarMMa-3 data set demonstrates a competitive efficacy and
safety profile in triple class exposed patients, a population for
which there remains a high unmet need.”
ABECMA COMMERCIAL AND REGULATORY HIGHLIGHTS
- First quarter Abecma® (idecabtagene vicleucel; ide-cel) U.S.
revenues, as reported by Bristol Myers Squibb (BMS), were $52
million. The Company anticipates that commercial performance will
continue to be impacted by competitive dynamics as 2seventy and BMS
launch Abecma into the earlier line setting and anticipate a return
to growth in the second half of 2024.
- On April 4, the U.S. Food and Drug Administration (FDA)
approved Abecma for the treatment of adult patients with relapsed
or refractory multiple myeloma after two or more prior lines of
therapy including an immunomodulatory agent (IMiD), a proteasome
inhibitor (PI), and an anti-CD38 monoclonal antibody, based on
results from the KarMMa-3 trial.
- In addition, FDA approved the use of suspension lentiviral
vector (“sLVV”) for the manufacturing of Abecma. The Company
expects that the transition to sLVV manufacturing will support
anticipated increased demand in earlier lines.
- In order to restore growth for Abecma, 2seventy bio and BMS are
focused on the commercial launch into earlier lines of therapy,
including competitively differentiating Abecma’s safety and
efficacy profile supported by the strength of the KarMMa-3 and
real-world data.
- 2seventy bio and BMS share equally in all profits and losses
related to development, manufacturing, and commercialization of
Abecma in the U.S. The Company reported collaborative arrangement
loss of $1.2 million related to the collaboration with BMS for the
three months ended March 31, 2024.
SELECT FIRST QUARTER FINANCIAL RESULTS
- Total revenues were $12.4 million for the three months ended
March 31, 2024, compared to $41.6 million for the three months
ended March 31, 2023.
- Research and development expenses were $43.9 million for the
three months ended March 31, 2024, compared to $68.2 million for
the three months ended March 31, 2023.
- Selling, general and administrative expenses were $12.7 million
for the three months ended March 31, 2024, compared to $20.7
million for the three months ended March 31, 2023.
- Restructuring expenses were $4.2 million for the three months
ended March 31, 2024, compared to no restructuring expenses for the
three months ended March 31, 2023.
- Loss on assets held for sale was $5.0 million for the three
months ended March 31, 2024, compared to no loss on assets held for
sale for the three months ended March 31, 2023.
- Net loss was $52.7 million for the three months ended March 31,
2024, compared to $47 million for the three months ended March 31,
2023.
- Cash, cash equivalents, and marketable securities of $181.4
million at March 31, 2024; we expect to have cash runway beyond
2027.
Conference Call Information
2seventy bio will host a conference call and live webcast today,
May 8, at 8:00 a.m. ET to discuss first quarter 2024 financial
results and recent business highlights. Participants can access the
conference call live via webcast which is available on the
Investors and Media page of the company’s website at
https://ir.2seventybio.com. Participants who wish to ask a question
may register here to receive dial-in numbers and a unique pin to
join the call.
A replay of the webcast may be accessed from the “News and
Events” page in the Investors and Media section of our website at
https://ir.2seventybio.com/ and will be available for 30 days
following the event.
ABECMA U.S. INDICATION
ABECMA is a B-cell maturation antigen (BCMA)-directed
genetically modified autologous T cell immunotherapy indicated for
the treatment of adult patients with relapsed or refractory
multiple myeloma after two or more prior lines of therapy including
an immunomodulatory agent, a proteasome inhibitor, and an anti-CD38
monoclonal antibody.
U.S. Important Safety
Information
BOXED WARNING: CYTOKINE RELEASE SYNDROME, NEUROLOGIC
TOXICITIES, HLH/MAS, PROLONGED CYTOPENIA and SECONDARY
HEMATOLOGICAL MALIGNANCIES
- Cytokine Release Syndrome (CRS), including fatal or
life-threatening reactions, occurred in patients following
treatment with ABECMA. Do not administer ABECMA to patients with
active infection or inflammatory disorders. Treat severe or
life-threatening CRS with tocilizumab or tocilizumab and
corticosteroids.
- Neurologic Toxicities, which may be severe or life-threatening,
occurred following treatment with ABECMA, including concurrently
with CRS, after CRS resolution, or in the absence of CRS. Monitor
for neurologic events after treatment with ABECMA. Provide
supportive care and/or corticosteroids as needed.
- Hemophagocytic Lymphohistiocytosis/Macrophage Activation
Syndrome (HLH/MAS) including fatal and life-threatening reactions,
occurred in patients following treatment with ABECMA. HLH/MAS can
occur with CRS or neurologic toxicities.
- Prolonged Cytopenia with bleeding and infection, including
fatal outcomes following stem cell transplantation for
hematopoietic recovery, occurred following treatment with
ABECMA.
- T cell malignancies have occurred following treatment of
hematologic malignancies with BCMA- and CD19-directed genetically
modified autologous T cell immunotherapies, including ABECMA
- ABECMA is available only through a restricted program under a
Risk Evaluation and Mitigation Strategy (REMS) called the ABECMA
REMS.
Warnings and Precautions:
Early Death: In KarMMa-3, a randomized (2:1), controlled
trial, a higher proportion of patients experienced death within 9
months after randomization in the ABECMA arm (45/254; 18%) compared
to the standard regimens arm (15/132; 11%). Early deaths occurred
in 8% (20/254) and 0% prior to ABECMA infusion and standard regimen
administration, respectively, and 10% (25/254) and 11% (15/132)
after ABECMA infusion and standard regimen administration,
respectively. Out of the 20 deaths that occurred prior to ABECMA
infusion, 15 occurred from disease progression, 3 occurred from
adverse events and 2 occurred from unknown causes. Out of the 25
deaths that occurred after ABECMA infusion, 10 occurred from
disease progression, 11 occurred from adverse events, and 4
occurred from unknown causes.
Cytokine Release Syndrome (CRS): CRS, including fatal or
life-threatening reactions, occurred following treatment with
ABECMA. Among patients receiving ABECMA for relapsed refractory
multiple myeloma in the KarMMa and KarMMa-3 studies (N=349), CRS
occurred in 89% (310/349), including ≥ Grade 3 CRS (Lee grading
system) in 7% (23/349) of patients and Grade 5 CRS in 0.9% (3/349)
of patients. The median time-to-onset of CRS, any grade, was 1 day
(range: 1 to 27 days), and the median duration of CRS was 5 days
(range: 1 to 63 days). In the pooled studies, the rate of ≥Grade 3
CRS was 10% (7/71) for patients treated in dose range of 460 to 510
x 106 CAR-positive T cells and 5.4% (13/241) for patients treated
in dose range of 300 to 460 x 106 CAR-positive T cells.
The most common manifestations of CRS (greater than or equal to
10%) included pyrexia (87%), hypotension (30%), tachycardia (26%),
chills (19%), hypoxia (16%). Grade 3 or higher events that may be
associated with CRS include hypotension, hypoxia,
hyperbilirubinemia, hypofibrinogenemia, ARDS, atrial fibrillation,
hepatocellular injury, metabolic acidosis, pulmonary edema,
coagulopathy, renal failure, multiple organ dysfunction syndrome
and HLH/MAS.
Identify CRS based on clinical presentation. Evaluate for and
treat other causes of fever, hypoxia, and hypotension. CRS has been
reported to be associated with findings of HLH/MAS, and the
physiology of the syndromes may overlap. HLH/MAS is a potentially
life-threatening condition. In patients with progressive symptoms
of CRS or refractory CRS despite treatment, evaluate for evidence
of HLH/MAS.
Of the 349 patients who received ABECMA in clinical trials, 226
(65%) patients received tocilizumab; 39% (135/349) received a
single dose, while 26% (91/349) received more than 1 dose of
tocilizumab. Overall, 24% (82/349) of patients received at least 1
dose of corticosteroids for treatment of CRS. Almost all patients
who received corticosteroids for CRS also received tocilizumab. For
patients treated in dose range of 460 to 510 x 106 CAR-positive T
cells, 76% (54/71) of patients received tocilizumab and 35% (25/71)
received at least 1 dose of corticosteroids for treatment of CRS.
For patients treated in dose range of 300 to 460 x 106 CAR-positive
T cells, 63% (152/241) of patients received tocilizumab and 20%
(49/241) received at least 1 dose of corticosteroid for treatment
of CRS.
Monitor patients at least daily for 7 days following ABECMA
infusion at the REMS-certified healthcare facility for signs or
symptoms of CRS and monitor patients for signs or symptoms of CRS
for at least 4 weeks after ABECMA infusion. At the first sign of
CRS, institute treatment with supportive care, tocilizumab and/or
corticosteroids as indicated. Ensure that a minimum of 2 doses of
tocilizumab are available prior to infusion of ABECMA. Counsel
patients to seek immediate medical attention should signs or
symptoms of CRS occur at any time.
Neurologic Toxicities: Neurologic toxicities, including
immune-effector cell-associated neurotoxicity (ICANS), which may be
severe or life- threatening, occurred concurrently with CRS, after
CRS resolution, or in the absence of CRS following treatment with
ABECMA.
In patients receiving ABECMA in the KarMMa and KarMMa-3 studies,
CAR T cell-associated neurotoxicity occurred in 40% (139/349),
including Grade 3 in 4% (14/349) and Grade 4 in 0.6% (2/349) of
patients. The median time to onset of neurotoxicity was 2 days
(range: 1 to 148 days). The median duration of CAR T
cell-associated neurotoxicity was 8 days (range: 1 to 720 days) in
all patients including those with ongoing neurologic events at the
time of death or data cut off. CAR T cell-associated neurotoxicity
resolved in 123 of 139 (88%) patients and median time to resolution
was 5 days (range: 1 to 245 days). One-hundred and thirty four out
of 349 (38%) patients with neurotoxicity had CRS. The onset of
neurotoxicity during CRS was observed in 93 patients, before the
onset of CRS in 12 patients, and after the CRS event in 29
patients. The rate of Grade 3 or 4 CAR T cell-associated
neurotoxicity was 5.6% (4/71) and 3.7% (9/241) for patients treated
in dose range of 460 to 510 x 106 CAR-positive T cells and 300 to
460 x 106 CAR-positive T cells, respectively. The most frequent
(greater than or equal to 5%) manifestations of CAR T
cell-associated neurotoxicity include encephalopathy (21%),
headache (15%), dizziness (8%), delirium (6%), and tremor (6%).
At the safety update for KarMMa-3 study, one patient developed
fatal neurotoxicity 43 days after ABECMA. In KarMMa, one patient
had ongoing Grade 2 neurotoxicity at the time of death. Two
patients had ongoing Grade 1 tremor at the time of data cutoff.
Cerebral edema has been associated with ABECMA in a patient in
another study in multiple myeloma. Grade 3 myelitis and Grade 3
parkinsonism have occurred after treatment with ABECMA in another
study in multiple myeloma.
Monitor patients at least daily for 7 days following ABECMA
infusion at the REMS-certified healthcare facility for signs or
symptoms of neurologic toxicities and monitor patients for signs or
symptoms of neurologic toxicities for at least 4 weeks after ABECMA
infusion and treat promptly. Rule out other causes of neurologic
symptoms. Neurologic toxicity should be managed with supportive
care and/or corticosteroids as needed. Counsel patients to seek
immediate medical attention should signs or symptoms occur at any
time.
Hemophagocytic Lymphohistiocytosis (HLH)/Macrophage
Activation Syndrome (MAS): In patients receiving ABECMA in the
KarMMa and KarMMa-3 studies, HLH/MAS occurred in 2.9% (10/349) of
patients. All events of HLH/MAS had onset within 10 days of
receiving ABECMA, with a median onset of 6.5 days (range: 4 to 10
days) and occurred in the setting of ongoing or worsening CRS. Five
patients with HLH/MAS had overlapping neurotoxicity. The
manifestations of HLH/MAS include hypotension, hypoxia, multiple
organ dysfunction, renal dysfunction and cytopenia.
In KarMMa-3, one patient had Grade 5, two patients had Grade 4
and two patients had Grade 3 HLH/MAS. The patient with Grade 5
HLH/MAS also had Grade 5 candida sepsis and Grade 5 CRS. In another
patient who died due to stroke, the Grade 4 HLH/MAS had resolved
prior to death. Two cases of Grade 3 and one case of Grade 4
HLH/MAS had resolved.
In KarMMa, one patient treated in the 300 x 106 CAR-positive T
cells dose cohort developed fatal multi-organ HLH/MAS with CRS. In
another patient with fatal bronchopulmonary aspergillosis, HLH/MAS
was contributory to the fatal outcome. Three cases of Grade 2
HLH/MAS resolved.
HLH/MAS is a potentially life-threatening condition with a high
mortality rate if not recognized early and treated. Treatment of
HLH/MAS should be administered per institutional guidelines.
ABECMA REMS: Due to the risk of CRS and neurologic
toxicities, ABECMA is available only through a restricted program
under a Risk Evaluation and Mitigation Strategy (REMS) called the
ABECMA REMS. Further information is available at www.AbecmaREMS.com
or contact Bristol Myers Squibb at 1-866-340-7332.
Hypersensitivity Reactions: Allergic reactions may occur
with the infusion of ABECMA. Serious hypersensitivity reactions,
including anaphylaxis, may be due to dimethyl sulfoxide (DMSO) in
ABECMA.
Infections: ABECMA should not be administered to patients
with active infections or inflammatory disorders. Severe,
life-threatening, or fatal infections occurred in patients after
ABECMA infusion.
In all patients receiving ABECMA in the KarMMa and KarMMa-3
studies, infections (all grades) occurred in 61% of patients. Grade
3 or 4 infections occurred in 21% of patients. Grade 3 or 4
infections with an unspecified pathogen occurred in 12%, viral
infections in 7%, bacterial infections in 4.3%, and fungal
infections in 1.4% of patients. Overall, 15 patients had Grade 5
infections (4.3%); 8 patients (2.3%) with infections of pathogen
unspecified, 3 patients (0.9%) with fungal infections, 3 patients
(0.9%) with viral infections, and 1 patient (0.3%) with bacterial
infection.
Monitor patients for signs and symptoms of infection before and
after ABECMA infusion and treat appropriately. Administer
prophylactic, pre-emptive, and/or therapeutic antimicrobials
according to standard institutional guidelines.
Febrile neutropenia was observed in 38% (133/349) of patients
after ABECMA infusion and may be concurrent with CRS. In the event
of febrile neutropenia, evaluate for infection and manage with
broad-spectrum antibiotics, fluids, and other supportive care as
medically indicated.
Viral Reactivation: Cytomegalovirus (CMV) infection resulting in
pneumonia and death has occurred following ABECMA administration.
Monitor and treat for CMV reactivation in accordance with clinical
guidelines. Hepatitis B virus (HBV) reactivation, in some cases
resulting in fulminant hepatitis, hepatic failure, and death, can
occur in patients treated with drugs directed against plasma cells.
Perform screening for CMV, HBV, hepatitis C virus (HCV), and human
immunodeficiency virus (HIV) in accordance with clinical guidelines
before collection of cells for manufacturing. Consider antiviral
therapy to prevent viral reactivation per local institutional
guidelines/clinical practice.
Prolonged Cytopenias: In patients receiving ABECMA in the
KarMMa and KarMMa-3 studies, 40% of patients (139/349) experienced
prolonged Grade 3 or 4 neutropenia and 42% (145/349) experienced
prolonged Grade 3 or 4 thrombocytopenia that had not resolved by
Month 1 following ABECMA infusion. In 89% (123/139) of patients who
recovered from Grade 3 or 4 neutropenia after Month 1, the median
time to recovery from ABECMA infusion was 1.9 months. In 76%
(110/145) of patients who recovered from Grade 3 or 4
thrombocytopenia, the median time to recovery was 1.9 months. Five
patients underwent stem cell therapy for hematopoietic
reconstitution due to prolonged cytopenia. The rate of Grade 3 or 4
thrombocytopenia was 62% (44/71) and 56% (135/241) for patients
treated in dose range of 460 to 510 x 106 CAR-positive T cells and
300 to 460 x 106 CAR-positive T cells, respectively.
Monitor blood counts prior to and after ABECMA infusion. Manage
cytopenia with myeloid growth factor and blood product transfusion
support according to local institutional guidelines.
Hypogammaglobulinemia: In all patients receiving ABECMA
in the KarMMa and KarMMa-3 studies, hypogammaglobulinemia was
reported as an adverse event in 13% (46/349) of patients;
laboratory IgG levels fell below 500 mg/dL after infusion in 37%
(130/349) of patients treated with ABECMA.
Hypogammaglobulinemia either as an adverse reaction or
laboratory IgG level below 500 mg/dL after infusion occurred in 45%
(158/349) of patients treated with ABECMA. Forty-one percent of
patients received intravenous immunoglobulin (IVIG) post-ABECMA for
serum IgG <400 mg/dL.
Monitor immunoglobulin levels after treatment with ABECMA and
administer IVIG for IgG <400 mg/dl. Manage appropriately per
local institutional guidelines, including infection precautions and
antibiotic or antiviral prophylaxis.
Use of Live Vaccines: The safety of immunization with live viral
vaccines during or after ABECMA treatment has not been studied.
Vaccination with live virus vaccines is not recommended for at
least 6 weeks prior to the start of lymphodepleting chemotherapy,
during ABECMA treatment, and until immune recovery following
treatment with ABECMA.
Secondary Malignancies: Patients treated with ABECMA may
develop secondary malignancies. In KarMMa-3, myeloid neoplasms
(four cases of myelodysplastic syndrome and one case of acute
myeloid leukemia) occurred in 2.2% (5/222) of patients following
treatment with ABECMA compared to none in the standard regimens arm
at the time of the safety update. The median time to onset of
myeloid neoplasm from ide-cel infusion was 338 days (Range: 277 to
794 days). Three of these five patients have died following the
development of myeloid neoplasm. One out of the five cases of
myeloid neoplasm occurred after initiation of subsequent
antimyeloma therapy.
T cell malignancies have occurred following treatment of
hematologic malignancies with BCMA- and CD19-directed genetically
modified autologous T cell immunotherapies, including ABECMA.
Mature T cell malignancies, including CAR-positive tumors, may
present as soon as weeks following infusion, and may include fatal
outcomes.
Monitor life-long for secondary malignancies. In the event that
a secondary malignancy occurs, contact Bristol Myers Squibb at
1‑888‑805‑4555 for reporting and to obtain instructions on
collection of patient samples for testing of secondary
malignancy.
Effects on Ability to Drive and Operate Machinery: Due to
the potential for neurologic events, including altered mental
status or seizures, patients receiving ABECMA are at risk for
altered or decreased consciousness or coordination in the 8 weeks
following ABECMA infusion. Advise patients to refrain from driving
and engaging in hazardous occupations or activities, such as
operating heavy or potentially dangerous machinery, during this
initial period.
Adverse Reactions: The most common nonlaboratory adverse
reactions (incidence greater than or equal to 20%) include pyrexia,
CRS, hypogammaglobulinemia, infections – pathogen unspecified,
musculoskeletal pain, fatigue, febrile neutropenia, hypotension,
tachycardia, diarrhea, nausea, headache, chills, upper respiratory
tract infection, encephalopathy, edema, dyspnea and viral
infections.
Please see full Prescribing Information, including Boxed
WARNINGS and Medication Guide.
About Bristol Myers Squibb and 2seventy bio
Abecma is being jointly developed and commercialized in the U.S.
as part of a Co-Development, Co-Promotion, and Profit Share
Agreement between Bristol Myers Squibb and 2seventy bio. Bristol
Myers Squibb assumes sole responsibility for Abecma drug product
manufacturing and commercialization outside of the U.S. The
companies’ broad clinical development program for Abecma includes
ongoing and planned clinical studies (KarMMa-2, KarMMa-3, KarMMa-9)
in earlier lines of treatment for patients with multiple myeloma.
For more information visit clinicaltrials.gov.
About 2seventy bio
Our name, 2seventy bio, reflects why we do what we do - TIME.
Cancer rips time away, and our goal is to work at the maximum speed
of translating human thought into action – 270 miles per hour – to
give the people we serve more time. With a deep understanding of
the human body’s immune response to tumor cells and how to
translate cell therapies into practice, we’re applying this
knowledge to deliver the first FDA-approved CAR T cell therapy for
multiple myeloma to as many patients as possible. Importantly, we
remain focused on accomplishing our mission by staying genuine and
authentic to our “why” and keeping our people and culture top of
mind every day. For more information, visit
www.2seventybio.com.
Follow 2seventy bio on social media: X (Twitter) and
LinkedIn.
2seventy bio is a trademark of 2seventy bio, Inc.
Cautionary Note Regarding Forward-Looking Statements
This release contains “forward-looking statements” within the
meaning of applicable laws and regulations. These statements
include, but are not limited to: statements about our plans,
strategies, timelines and expectations with respect to the
commercial launch of ABECMA (ide-cel) in additional indications and
in earlier line settings, including potential demand; statements
regarding expected ABECMA U.S. revenue; statements regarding
expected benefits from our strategic collaboration with BMS;
statements about the efficacy and perceived therapeutic benefits of
ABECMA; statements regarding the anticipated benefits of the sale
of our oncology and autoimmune research and development programs,
clinical manufacturing capabilities, and related platform
technologies to Regeneron; statements about our strategic
realignment and expected cost savings; statements regarding our
financial condition, expenses, results of operations, expectations
regarding use of capital, cash runway and other future financial
results; and statements about our ability to execute our strategic
priorities. Any forward-looking statements in this press release
are based on management's current expectations and beliefs and are
subject to a number of risks, uncertainties and important factors
that may cause actual events or results to differ materially from
those expressed or implied by any forward-looking statements
contained in this press release, including, without limitation, our
limited independent operating history and the risk that our
accounting and other management systems may not be prepared to meet
the financial reporting and other requirements of operating as an
independent public company; the risk that Abecma will not be as
commercially successful as we may anticipate; the risk that our
strategic realignment to focus on the development and
commercialization of Abecma may not be as successful as
anticipated, may fail to achieve the anticipated cost savings, and
may cause disruptions in our business that could make it difficult
to achieve our strategic objectives; and the risk that we are
unable to manage our operating expenses or cash use for operations.
For a discussion of other risks and uncertainties, and other
important factors, any of which could cause our actual results to
differ from those contained in the forward-looking statements, see
the section entitled “Risk Factors” in our annual Report on Form
10-K for the year ended December 31, 2023, as supplemented and/or
modified by any other filings that we will make with the Securities
and Exchange Commission in the future. All information in this
press release is as of the date of this release, and we undertakes
no duty to update this information unless required by law.
2seventy bio, Inc.
Condensed Consolidated
Statements of Operations and Comprehensive Loss
(unaudited)
(in thousands)
For the three months ended,
March 31
2024
2023
Revenue: Service revenue
7,721
10,826
Collaborative arrangement revenue
4,714
29,372
Royalty and other revenue
-
1,423
Total revenues
12,435
41,621
Operating expenses: Research and development
43,931
68,246
Cost of manufacturing for commercial collaboration
3,269
3,654
Selling, general and administrative
12,659
20,720
Share of collaboration loss
1,230
-
Restructuring expenses
4,230
-
Cost of royalty and other revenue
-
641
Change in fair value of contingent consideration
(1,730)
73
Total operating expenses
63,589
93,334
Loss from operations
(51,154)
(51,713)
Interest income, net
2,861
2,049
Other income, net
646
2,643
Loss on assets held for sale
(5,026)
-
Loss before income taxes
(52,673)
(47,021)
Income tax (expense) benefit
-
-
Net loss
(52,673)
(47,021)
Net loss per share - basic and diluted
(1.01)
(1.08)
Weighted-average number of common shares used in computing net loss
per share - basic and diluted
52,071
43,468
2seventy bio, Inc.
Condensed Consolidated Balance
Sheet Data
(unaudited)
(in thousands)
Cash, cash equivalents and marketable securities
$
181,382
$
221,805
Total assets
511,051
565,426
Total liabilities
303,612
310,126
Total stockholders' equity
207,439
255,300
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240508400038/en/
Investors: Vicki Eatwell, CFO
vicki.eatwell@2seventybio.com
Jenn Snyder jenn.snyder@2seventybio.com
Media: Jenn Snyder jenn.snyder@2seventybio.com
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