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Annual Revenue
$ 212,700,000
Global Employees
987
Iovance Biotherapeutics' primary focus is on developing and commercializing Tumor-Infiltrating Lymphocyte (TIL) therapies. This segment involves the research, development, and clinical trials of TIL-based treatments for various solid tumor cancers, including metastatic melanoma, cervical cancer, and head and neck squamous cell carcinoma. The technology utilizes a patient's own immune cells, specifically TILs, which are extracted from the tumor, expanded in the lab, and then re-infused into the patient to attack cancer cells. This approach leverages the body's natural defenses to fight cancer. The segment's market positioning is as a pioneer in cell therapy for solid tumors, with potential for significant patient impact and improved outcomes. Future opportunities include expanding the application of TIL therapy to other cancer types and improving manufacturing processes. Regulatory and clinical aspects involve rigorous clinical trials and seeking FDA approval for its lead product candidate, lifileucel. Partnerships and collaborations are crucial for clinical trial execution and manufacturing.