Iovance Biotherapeutics (IOVA) Prices 7.692M Share Common Offering at $6.50/Sh

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Iovance Biotherapeutics (IOVA) Announces $50M Public Offering of Common Stock

September 19, 2017 4:36 PM EDT

Iovance Biotherapeutics, Inc. (NASDAQ: IOVA), a biotechnology company developing novel cancer immunotherapies based on tumor-infiltrating lymphocyte (TIL) technology, today announced that it intends to offer and sell $50 million of its common stock, subject to market and other conditions, in an underwritten public offering. All of the shares in the offering are to be sold by Iovance. Iovance intends to grant the underwriters a 30-day option to purchase up to $7.5 million of common stock at the... More