Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal


          Year.

Effective as of May 27, 2020, the Board of Directors of Iovance Biotherapeutics, Inc. (the "Company") adopted an amendment and restatement of the Company's bylaws (the "Amended and Restated Bylaws") pursuant to which a new Article X was added, which provides that, unless the Company consents in writing to the selection of an alternative forum, the federal district courts of the United States of America shall be the exclusive forum for the resolution of any complaint asserting a cause of action arising under the Securities Act of 1933, as amended (the "Securities Act").

The foregoing description of the amendments made in the Amended and Restated Bylaws is qualified by reference to the Amended and Restated Bylaws, a copy of which is attached hereto as Exhibit 3.1 and is incorporated herein by reference.

In connection with the amendment to the Company's bylaws, the Company refers stockholders to the following risk factor:

Provisions in our amended and restated bylaws could limit our stockholders' ability to obtain a favorable judicial forum for disputes with us or our directors, officers or employees.

Our amended and restated bylaws provide that, unless the Company consents in writing to the selection of an alternative forum, the federal district courts of the United States of America shall be the exclusive forum for the resolution of any complaint asserting a cause of action under the Securities Act. This provision limits the ability of the Company's shareholders to bring claims under the Securities Act in any court other than the United States federal courts, which ultimately may disadvantage the Company's shareholders or be cost prohibitive. Notwithstanding the foregoing, there is uncertainty as to whether a court (other than state courts in the State of Delaware, which have recently upheld the validity of such a provision) would enforce such a provision and whether investors can waive compliance with the federal securities laws and the rules and regulations thereunder. Furthermore, the exclusive forum provision only applies to claims brought under the Securities Act, and does not apply to actions arising under the Securities Exchange Act of 1934, as amended, which is already subject to federal courts as the exclusive forum.

If a court were to find these provisions of our amended and restated bylaws inapplicable to, or unenforceable in respect of, one or more of the specified types of actions or proceedings, we may incur additional costs associated with resolving such matters in other jurisdictions, which could adversely affect our business, results of operations and financial condition. Even if we are successful in defending against these claims, litigation could result in substantial costs and be a distraction to management and other employees.




Item 8.01 Other Events.

On May 27, 2020, the Company issued a press release announcing initial data from pivotal Cohort 4 and updated long-term data from Cohort 2 in its C-144-01 study of lifileucel in advanced melanoma.

The full text of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.






(d) Exhibits.



Exhibit
 Number                              Description

  3.1        Amended and Restated Bylaws of Iovance Biotherapeutics, Inc.
  99.1       Press Release dated May 27, 2020.

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