1. IOVA shares fell 44% after a significant revenue miss. 2. Investigation launched over possible securities law violations.
1. IOVA shares fell 44% after a significant revenue miss. 2. Investigation launched over possible securities law violations.
A 44% drop signals a loss of investor confidence, reminiscent of past revenue misses leading to long-term declines in biotech stocks.
The article directly addresses a significant decline in IOVA's share price and ongoing legal investigations.
The immediate fallout from the revenue miss and investigation may lead to continued volatility in the stock price.