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2seventy bio Inc (TSVT) Q3 2024 Earnings Call Highlights: Strong Abecma Growth and Strategic ... [Yahoo! Finance]

2seventy bio, Inc. (TSVT) 
Company Research Source: Yahoo! Finance
Collaboration Arrangement Revenue: Approximately $11 million related to the collaboration with Bristol Myers Squibb. GAAP Operating Expenses Reduction: $10 million or 24% reduction versus the prior quarter; $140 million or 52% year-to-date reduction versus the same period last year. Net Cash Spend for 2024: Expected to be in the range of $40 to $60 million. Cash Runway: Expected to extend beyond 2027. Warning! GuruFocus has detected 7 Warning Signs with TSVT. Release Date: November 12, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript 2seventy bio Inc ( NASDAQ:TSVT ) successfully completed the sale of its oncology and autoimmune R&D pipeline to Regeneron, streamlining operations. The company received FDA approval for Abecma in the third-line setting, expanding its availability to more multiple myeloma patients. Third quarter US revenues for Abecma grew by 42% over the previous quarter, indicating strong market p Show less Read more
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