Full-Time
Introduce Yourself
Updated on 12/5/2024
2seventy Bio
51-200 employees
Develops novel cancer therapies and treatments
Entry, Junior, Mid
Cambridge, MA, USA + 1 more
More locations: Seattle, WA, USA
Hybrid role; candidates may need to work in-office in Cambridge, MA or Seattle, WA.
- Enjoy pushing limits
- Creating solutions
- Working within a highly motivated and fun culture
- Offer patients and their families more time
2seventy bio focuses on developing new therapies for cancer treatment. The company combines expertise in cancer cell biology and genetics with insights into how the immune system responds to cancer. This allows them to create therapies that aim to change the way cancer is treated. Unlike many other companies in the biotechnology field, 2seventy bio emphasizes a rapid approach to bringing these therapies to market, which is reflected in their name. Their goal is to enhance the quality of life for cancer patients by providing effective treatments that can help them live longer and healthier lives.
Company Stage
IPO
Total Funding
$165.4M
Headquarters
Cambridge, Massachusetts
Founded
2021
6 month growth
↓ -27%1 year growth
↓ -65%2 year growth
↓ -66%
Simplify's Take
What believers are saying
- The FDA approval of Abecma for earlier lines of therapy in multiple myeloma significantly expands its market potential and patient reach.
- Strategic investments from firms like Wedmont Private Capital and HSBC Holdings PLC indicate strong financial backing and investor confidence.
- The company's streamlined focus on Abecma is expected to result in substantial cost savings and extended cash runway, enhancing financial stability.
What critics are saying
- The reliance on a single product, Abecma, makes 2seventy bio vulnerable to market fluctuations and competitive pressures in the CAR T cell therapy space.
- Potential safety concerns associated with Abecma, such as Cytokine Release Syndrome and Neurologic Toxicities, could impact its market acceptance and regulatory status.
What makes 2seventy Bio unique
- 2seventy bio's exclusive focus on developing and commercializing Abecma, a BCMA-targeted CAR T cell therapy, sets it apart from competitors with broader oncology portfolios.
- The company's strategic divestiture of its oncology and autoimmune pipeline to Regeneron allows it to concentrate resources and expertise on a single, high-impact therapy.
- 2seventy bio's partnership with Bristol Myers Squibb leverages combined expertise and resources, enhancing its competitive edge in the CAR T cell therapy market.
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