2seventy bio Reports Preliminary* Full-Year U.S. Abecma Sales and Select Financial Results [Yahoo! Finance]
2seventy bio, Inc. (TSVT)
Company Research
Source: Yahoo! Finance
16 min read In This Article TSVT $242 million in U.S. Abecma sales in 2024 Approximately $184 million of cash, cash equivalents and marketable securities as of December 31, 2024 Net cash burn of $9 million in the fourth quarter of 2024; path to quarterly breakeven by the end of 2025 CAMBRIDGE, Mass., February 06, 2025 BUSINESS WIRE 2seventy bio, Inc. (Nasdaq: TSVT) today provided full-year Abecma® (idecabtagene vicleucel; ide-cel) sales results for 2024, in partnership with Bristol Myers Squibb (BMS). "We are pleased to see Abecma expansion in the third line setting and recorded U.S. revenue of $242 million in 2024, within our previously issued guidance of $240 to $250 million. Fourth quarter revenue was impacted by higher deferrals of infusions into 2025. We expect the use of CAR-T in multiple myeloma will continue to grow, and while competition remains high, we believe Abecma will continue to make a meaningful difference in the lives of patients," said Chip Baird, chi
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