StockNews.AI
IOVA
StockNews.AI
3 hrs

IOVANCE (IOVA) ALERT: Bragar Eagel & Squire, P.C. Continues Investigation into Iovance Biotherapeutics, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

1. Investigation initiated against Iovance for potential shareholder rights violations. 2. Class action filed for misleading statements during May 2024 to May 2025. 3. Iovance's stock dropped 44.8% after disclosing reduced revenue guidance. 4. Concerns about company's ability to handle treatment demand were raised. 5. Investors encouraged to discuss legal options regarding losses.

5m saved
Insight
Article

FAQ

Why Very Bearish?

The significant stock price drop post-announcement reflects loss of investor confidence, indicating potential long-term damage similar to historical precedents in bio-pharma sector such as Valeant.

How important is it?

Increasing legal scrutiny and financial mismanagement allegations can deter future investments and erode trust, reflecting high importance for IOVA's stock.

Why Short Term?

Immediate legal issues and potential litigation may lead to further stock volatility, underscored by swift market reactions to prior earnings announcements.

Related Companies

Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Iovance (IOVA) To Contact Him Directly To Discuss Their Options If you are a long-term stockholder in Iovance between May 9, 2024 and May 8, 2025 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648. NEW YORK, Oct. 08, 2025 (GLOBE NEWSWIRE) -- What’s Happening: Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Iovance Biotherapeutics, Inc. (NASDAQ:IOVA) on behalf of long-term stockholders following a class action complaint that was filed against Iovance on May 15, 2025 with a Class Period from May 9, 2024 and May 8, 2025. Our investigation concerns whether the board of directors of Iovance have breached their fiduciary duties to the company. Details: According to the complaint, throughout the class period, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Iovance's growth potential; notably, that it was not equipped to generate and drive demand or was otherwise ill equipped to capitalize upon the purported existing demand for its treatments through its network of approved treatment centers.On July 25, 2024, Iovance announced its financial results for the second quarter of fiscal 2024 and reduced its revenue guidance for the full fiscal year 2024. The Company attributed its results and lowered guidance on 1) "the iCTC completed annual scheduled maintenance in December" and "capacity was reduced by more than half for about 1 month," 2) "[l]ower Proleukin sales" than the company expected, and 3) "the variable pace at which ATCs began treatment patients."Following this news, the price of Iovance's common stock declined dramatically. From a closing market price of $3.17 per share on May 8, 2025, Iovance's stock price fell to $1.75 per share on May 9, 2025, a decline of about 44.795% in the span of just a single day.  Next Steps: If you are a long-term stockholder of Iovance, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.: Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes. Follow us for updates on LinkedIn, X, and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn and X. Contact Information: Bragar Eagel & Squire, P.C.Brandon Walker, Esq.Marion Passmore, Esq.(212) 355-4648investigations@bespc.comwww.bespc.com

Related News