2seventy Bio

2seventy Bio

Develops novel cancer therapies via R&D

Overview

2seventy bio develops cancer therapies by applying expertise in cancer cell biology, genetics, and the immune response to create treatments that can alter the cancer treatment landscape. Their products are advanced cancer therapies that advance through discovery, research and development, clinical trials, and regulatory approval before being sold or partnered for commercialization. Unlike many competitors, they emphasize rapid translation of science into therapies and pursue collaborations with other pharmaceutical companies to accelerate bringing therapies to patients. The company aims to give people more time to enjoy life by extending survival and improving quality of life for individuals diagnosed with cancer.

About 2seventy Bio

Simplify's Rating
Why 2seventy Bio is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Biotechnology

Healthcare

Company Size

51-200

Company Stage

IPO

Headquarters

Cambridge, Massachusetts

Founded

2021

Your Connections

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Simplify's Take

What believers are saying

  • Abecma triples progression-free survival versus standard regimens in KarMMa-3 trial.
  • FDA expanded Abecma label in April 2024 to earlier multiple myeloma lines.
  • Bristol Myers Squibb agreed to acquire 2seventy bio for $286 million.

What critics are saying

  • Regeneron discontinued bbT369 CAR T during phase 1/2 lymphoma trial.
  • Abecma sales stagnate below $242 million due to Carvykti competition.
  • Grade 3/4 thrombocytopenia hits 62% at high Abecma doses.

What makes 2seventy Bio unique

  • 2seventy bio focuses exclusively on Abecma commercialization post-Regeneron divestiture.
  • Abecma targets BCMA for triple-class exposed multiple myeloma after FDA's April 2024 approval.
  • CBLB gene-edited CAR T platform enhanced bbT369's T cell activity in preclinical B-NHL models.

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Funding

Total Funding

$614.6M

Above

Industry Average

Funded Over

4 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Benefits

Wellness Program

Mental Health Support

Remote Work Options

Flexible Work Hours

Paid Vacation

Paid Holidays

PTO/vacation

Hybrid Work Options

401(k) Retirement Plan

401(k) Company Match

Conference Attendance Budget

Professional Development Budget

Stock Options

Company Equity

Family Planning Benefits

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

3%

2 year growth

-4%
Business Wire
Mar 12th, 2025
2seventy bio Enters into Definitive Agreement to be Acquired by Bristol Myers Squibb

2seventy bio, Inc. (Nasdaq: TSVT), today announced a definitive merger agreement under which Bristol Myers Squibb (NYSE: BMY) (“BMS”) will acquire all

Reuters
Mar 11th, 2025
Bristol Myers acquires cell therapy partner 2seventy bio for about $286 million

March 11 (Reuters) - Bristol Myers Squibb (BMY.N) will acquire 2seventy bio (TSVT.O) for about $286 million in cash, sending the cancer cell therapy maker's shares up 76% in premarket trading on Tuesday.

BioSpace
Feb 27th, 2025
2Seventy Bio To Participate In The 2025 Td Cowen Healthcare Conference

CAMBRIDGE, Mass.--(BUSINESS WIRE)--2seventy bio, Inc. (Nasdaq: TSVT), announced today that members of the management team will participate in a fireside chat at the upcoming TD Cowen 45th Annual Healthcare Conference on March 5, 2025 at 11:10 a.m. ET in Boston, Mass.A live webcast of the fireside chat will be available via the Investors and Media section of 2seventy bio’s website at https://ir.2seventybio.com/. Replays will be archived on 2seventy bio’s site for 30 days following the event.About 2seventy bioOur name, 2seventy bio, reflects why we do what we do - TIME. Cancer rips time away, and our goal is to work at the maximum speed of translating human thought into action – 270 miles per hour – to give the people we serve more time. With a deep understanding of the human body’s immune response to tumor cells and how to translate cell therapies into practice, we’re applying this knowledge to deliver the first FDA-approved CAR T cell therapy for multiple myeloma to as many patients as possible

Endpoints News
Feb 15th, 2025
Bristol Myers acquires 2seventybio partnership

Bristol Myers has acquired its cell therapy partner, 2seventy bio. The article does not provide specific financial details about the acquisition.

Investing.com
Feb 6th, 2025
2seventy bio reports $242 million in 2024 Abecma sales

In addition, 2seventy bio recently appointed Jessica Snow as its new Chief Operating Officer.

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