Iovance Biotherapeutics, Inc. (IOVA) Q2 2019 Earnings Call Transcript
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Iovance Biotherapeutics, Inc. (NASDAQ: IOVA)
Q2 2019 Earnings Call
Aug 01, 2019, 4:30 p.m. ET

Contents:

  • Prepared Remarks

  • Questions and Answers

  • Call Participants

Prepared Remarks:


Operator

Good afternoon, and welcome to the Iovance Biotherapeutics second-quarter 2019 financial results conference call. [Operator instructions] Please be advised that the call is being recorded at the company's request. Now I would like to turn the call over to Tim Morris, chief financial officer at Iovance. Sir, please go ahead.

Tim Morris -- Chief Financial Officer

Thank you, operator. Good afternoon everyone, and thank you for joining us. With me on the call is Maria Fardis, our president and chief executive officer; and Dr. Friedrich Finckenstein, our chief medical officer.

This afternoon, we issued a press release that you can find on our website at iovance.com, which includes financial results for the second quarter of 2019, as well as a company update. Before we start, I would like to remind everyone that statements made during this conference call will include forward-looking statements regarding Iovance's goals, business focus, business plans, clinical trial plans and results, potential future applications of our technology, manufacturing capabilities, regulatory feedback and guidance, licensing and collaboration agreements, future updates and cash guidance. Forward-looking statements are subject to numerous risks and uncertainties, many of which are beyond our control, including the risks and uncertainties described from time to time in our SEC filings. Our results may differ materially from those projected during today's call.

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We undertake no obligation to publicly update any forward-looking statements. With that, I will pass the call over to Maria.

Maria Fardis -- President and Chief Executive Officer

Thank you, Tim, and good afternoon everyone. Iovance continues to make excellent progress in development of TIL therapy. We are excited to potentially become the first company bringing TIL therapy products to market for patients with solid tumors. I'd like to briefly highlight a few recent achievements.

First, in June, we reported encouraging results from our ongoing studies of TIL therapy at the American Society of Clinical Oncology or ASCO Annual Meeting. The results that were reported in both metastatic melanoma and advanced cervical cancer showed objective response rates that represent improvements relative to available treatment options in late-stage patient populations. The results also show the potential long-term benefit of TIL therapy as we have not yet observed a limit on the median duration of response in either the melanoma or cervical cancer study. Second, we are working to expand our manufacturing capabilities to prepare to make TIL therapy broadly accessible to patients.