Full Press Release Details
Iovance Biotherapeutics Appoints Athena
Countouriotis, M.D., to Board of Directors
SAN CARLOS, Calif., June 11, 2019 -- Iovance
Biotherapeutics, Inc. (NASDAQ: IOVA), a late-stage biotechnology company developing novel cancer immunotherapies based on tumor-infiltrating
lymphocyte (TIL) technology, today announced the appointment of Athena Countouriotis, M.D., to the company's Board of Directors,
effective June 10, 2019. Dr. Countouriotis is the President and Chief Executive Officer of Turning Point Therapeutics and specialized
in hematology and oncology in her professional career.
"Dr. Countouriotis has a long record of successful leadership
in oncology drug development, and particular expertise in bringing novel therapies through clinical development," commented
Maria Fardis, Ph.D., President and Chief Executive Officer of Iovance Biotherapeutics. "We are delighted to expand our Board
with new members with deep drug development experience."
"I am excited to join the board at such an important time
for the company following the strong data shown at ASCO with LN-145 in cervical cancer and with lifileucel in advanced melanoma,"
said Dr. Countouriotis. "Both therapies have such great potential to benefit patients and I look forward to working with
the company and the board to make these therapies available to patients."
Dr. Countouriotis previously served as Chief Medical Officer
for multiple public biotechnology companies, including Adverum Biotechnologies, Halozyme Therapeutics and Ambit Biosciences. Earlier
in her career, Dr. Countouriotis led development of products for Pfizer and Bristol-Myers Squibb, including Sutent, Mylotarg, Bosulif
and Sprycel. She currently serves on the board of directors at Turning Point Therapeutics and Trovagene. Dr. Countouriotis holds
an undergraduate degree from the University of California, Los Angeles and an M.D. from the Tufts University School of Medicine.
She received training at the University of California, Los Angeles and at the Fred Hutchinson Cancer Research Center in the Pediatric
Hematology-Oncology Program.
About Iovance Biotherapeutics, Inc.
Iovance Biotherapeutics intends to commercialize autologous
cell therapy products that amplify the body's own immune response to eradicate solid tumors or attack blood cancers. The
company is currently conducting the pivotal study innovaTIL-01 in patients with metastatic melanoma. In addition, the company's
tumor infiltrating lymphocyte (TIL) therapies are being investigated for the treatment of patients with locally advanced, recurrent
or metastatic cancers including cervical, head and neck, and non-small cell lung cancer. For more information, please visit www.iovance.com.
Forward-Looking Statements
Certain matters discussed in this press release are "forward-looking
statements" of Iovance Biotherapeutics, Inc. (hereinafter referred to as the "Company," "we," "us,"
or "our"). We may, in some cases, use terms such as "predicts," "believes," "potential,"
"continue," "estimates," "anticipates," "expects," "plans," "intends,"
"may," "could," "might," "will," "should" or other words that convey
uncertainty of future events or outcomes to identify these forward-looking statements. The forward-looking statements include,
but are not limited to, risks and uncertainties relating to the success, timing, projected enrollment, manufacturing and production
capabilities, and cost of our ongoing clinical trials and anticipated clinical trials for our current product candidates (including
both Company-sponsored and collaborator-sponsored trials in both the U.S. and Europe), such as statements regarding the timing
of initiation and completion of these trials; the timing of and our ability to obtain and maintain FDA or other regulatory authority
approval of, or other action with respect to, our product candidates, including those product candidates that have been granted
breakthrough therapy designation ("BTD") or regenerative medicine advanced therapy designation ("RMAT")
by the FDA; the strength of the Company's product pipeline; the successful implementation of the Company's research
and development programs and collaborations; the Company's ability to obtain tax incentives and credits; the success of
the Company's manufacturing, license or development agreements; the acceptance by the market of the Company's product
candidates, if approved; and other factors, including general economic conditions and regulatory developments, not within the
Company's control. The factors discussed herein could cause actual results and developments to be materially different from
those expressed in or implied by such statements. Actual results may differ from those set forth in this press release due to
the risks and uncertainties inherent in the Company's business, including, without limitation; the preliminary clinical
results, including efficacy and safety results, from ongoing Phase 2 studies may not be reflected in the final analyses of these
trials, including new cohorts within these trials, and may not be supportive of product approval; the FDA or other regulatory
authorities may potentially delay the timing of their approval of, or other action with respect to, the Company's product
candidates; the Company's ability to address FDA or other regulatory authority requirements relating to its clinical programs
and registrational plans, such requirements including, but not limited to, clinical and safety requirements as well as manufacturing
and control requirements; risks related to the Company's ability to maintain and benefit from accelerated FDA review designations,
including BTD and RMAT, which may not ultimately result in a faster development process or review of the Company's product
candidates (and which may later be rescinded by the FDA if such product candidates no longer meet the conditions for qualification
for the program), and does not in any way assure approval of such product candidates by the FDA or the ability of the Company
to obtain FDA approval in time to benefit from commercial opportunities; and the ability of the Company to manufacture its therapies
using third party manufacturers. A further list and description of the Company's risks, uncertainties and other factors
can be found in the Company's most recent Annual Report on Form 10-K and the Company's subsequent filings with the Securities
and Exchange Commission. Copies of these filings are available online at www.sec.gov or www.iovance.com. The forward-looking
statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such
forward-looking statements to reflect subsequent events or circumstances.
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