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2seventy Bio
51-200 employees
Develops novel cancer therapies and treatments
Entry
Cambridge, MA, USA + 1 more
More locations: Seattle, WA, USA
Job locations include Cambridge, MA and Seattle, WA; remote option available but not fully remote.
- 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 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 therapies from the lab to patients, reflecting its commitment to speed and efficiency. The ultimate goal is to provide effective cancer treatments that improve the quality of life for patients.
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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