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Stock impact report

2seventy bio Reports Fourth Quarter and Full Year 2024 Financial Results

2seventy bio, Inc. (TSVT) 
Company Research Source: Business Wire
Entered into definitive merger agreement to be acquired by Bristol Myers Squibb at a price of $5.00 per share in an all-cash transaction; expected to close in the second quarter of 2025Abecma generated $242 million U.S. sales in 202479% reduction in year-over-year net cash spend reflects continued streamlining of cost structureEnded 2024 with approximately $184 million in cash, cash equivalents, and marketable securities CAMBRIDGE, Mass.--(BUSINESS WIRE)--2seventy bio, Inc. (Nasdaq: TSVT), today reported financial results and recent highlights for the fourth quarter and full year ended December 31, 2024.“2024 was a pivotal year for 2seventy as we made significant changes to our business to streamline cost structure and focus solely on Abecma, Read more
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