2seventy Bio

2seventy Bio

Develops novel cancer therapies and treatments

About 2seventy Bio

Simplify's Rating
Why 2seventy Bio is rated
B-
Rated B 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

Overview

2seventy bio focuses on developing new treatments for cancer by combining knowledge of cancer cell biology, genetics, and the immune response. The company aims to create therapies that can significantly change how cancer is treated, helping patients live longer and better lives. Its products are developed through extensive research and clinical trials, ensuring they meet regulatory standards before reaching the market. Unlike many competitors, 2seventy bio emphasizes a rapid approach to bringing these therapies to patients, reflecting its commitment to speed and efficiency in cancer treatment. The ultimate goal of 2seventy bio is to provide effective cancer therapies that allow individuals more time to enjoy life.

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Simplify's Take

What believers are saying

  • FDA approval of Abecma expands its patient base and sales potential.
  • Acquisition by Bristol Myers Squibb provides greater financial resources and market reach.
  • Divestiture to Regeneron allows focused R&D on Abecma, enhancing effectiveness.

What critics are saying

  • Acquisition may lead to strategic shifts impacting innovation pipeline.
  • Reliance on Abecma increases vulnerability to market competition and regulatory changes.
  • Falling sales of Abecma could impact revenue and market position.

What makes 2seventy Bio unique

  • 2seventy bio focuses on CAR T cell therapy for multiple myeloma.
  • The company leverages deep knowledge of cancer cell biology and genetics.
  • 2seventy bio's strategic focus is on the commercialization of Abecma.

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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

Growth & Insights and Company News

Headcount

6 month growth

↓ -1%

1 year growth

↓ -7%

2 year growth

↑ 3%
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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