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IOVA Investors Have the Opportunity to Lead the Iovance Biotherapeutics Securities Fraud Lawsuit with Faruqi & Faruqi, LLP

NEW YORK, UNITED STATES, JUL 8 – Iovance allegedly misled investors about its ability to grow revenue and patient demand, causing a 44% stock price drop in one day, according to the lawsuit.

  • A class action lawsuit was filed against Iovance Biotherapeutics, Inc. seeking to recover losses for investors affected from May 9, 2024, to May 8, 2025.
  • The lawsuit stems from alleged securities fraud where defendants made misleading statements and concealed problems related to treatment centers and patient identification.
  • In early 2024, Iovance introduced Amtagvi for melanoma patients but encountered challenges with treatment delays and patient selection, which negatively impacted their revenue.
  • Iovance's stock price dropped from $3.17 on May 8, 2025, to $1.75 on May 9, 2025, a 44.8% decline reflecting negative market reaction.
  • Individuals who incurred losses related to Iovance have until mid-July 2025 to file a motion seeking designation as lead plaintiff in the ongoing case before the Northern District of California to recover damages.
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IOVA Deadline: IOVA Investors Have Opportunity to Lead Iovance Biotherapeutics, Inc. Securities Fraud Lawsuit

NEW YORK, July 7, 2025 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of Iovance Biotherapeutics, Inc. (NASDAQ: IOVA) securities between May 9, 2024 and May 8, 2025, both dates inclusive (the "Class Period"), of…

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PR Newswire broke the news in United States on Monday, July 7, 2025.
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