Iovance Biotherapeutics Stock Rises Premarket on Positive Trial Data for Cancer Drug

MorningStar
2025.11.03 14:47
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Iovance Biotherapeutics shares rose 11% to $2.18 in premarket trading following positive Phase 2 trial results for its cancer treatment, lifileucel. Approximately 26% of patients responded to the treatment, with a disease-control rate of 72%. The company plans to present more data in 2026 and aims to file for a biologics license application with the FDA next year, targeting a potential launch in the second half of 2027.