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The Law Offices of Frank R. Cruz announces an investigation of Iovance Biotherapeutics, Inc. ("Iovance" or the "Company") (NASDAQ: IOVA) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On May 18, 2021, after the market closed, Iovance issued a press release stating that, based on feedback from the U.S. Food and Drug Administration ("FDA") regarding potency assays for lifileucel, its melanoma treatment, the Company was planning to delay its submission of a biologics license application ("BLA") for lifileucel until the second half of 2021.
Then, on May 19, 2021, the Company announced that its Chief Executive Officer, Maria Fardis, was resigning from her positions at Iovance.
On this news, the Company’s stock price fell $10.64, or nearly 40%, to close at $16.33 per share on May 19, 2021.
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If you purchased Iovance securities, have information or 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 Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to firstname.lastname@example.org, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20210519006012/en/