Tevogen Bio(TVGN)
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Tevogen Bio to Accept $1 Million Additional Grant Funding for AI Expansion
Globenewswire· 2025-08-01 19:30
Core Viewpoint - Tevogen Bio Holdings Inc. is set to receive $1 million in grant funding to enhance its artificial intelligence-driven drug discovery program, Tevogen.AI, as part of a larger grant agreement potentially totaling $10 million [1][2][6]. Funding Details - The new $1 million funding is part of a previously announced grant agreement with KRHP LLC, which includes an initial $2 million received in January 2025 and may allow for an additional $8 million [2][6]. - The total potential funding of $10 million is categorized as non-dilutive, meaning it will not dilute existing shareholders' equity [2][6]. Strategic Focus - The funding will be directed towards improving Tevogen.AI's capabilities, specifically in target discovery, development timelines, and treatment accessibility for large patient populations [2][3]. - The company emphasizes its commitment to operational efficiency and strategic fund deployment to maximize shareholder value and patient impact [3]. Leadership Statement - Dr. Ryan Saadi, Chairman and CEO of Tevogen, highlighted the grant as an endorsement of Tevogen.AI's potential to accelerate drug development, reduce costs, and enhance access to precision cell therapies [3].
Tevogen Highlights 74% Insider Ownership, Reinforcing Long-Term Vision
Globenewswire· 2025-07-30 16:41
Core Viewpoint - Tevogen Bio Holdings Inc. emphasizes its significant insider ownership, with over 74% of outstanding shares held by executive officers and board members, reflecting strong leadership conviction in the company's mission and long-term strategy [2][3] Group 1: Insider Ownership - Executive officers and board members collectively hold over 74% of the company's outstanding shares, indicating a strong commitment to Tevogen's future [2] - This substantial insider ownership differentiates the company from many of its industry peers, showcasing confidence in its strategic direction [2] Group 2: Strategic Direction and Funding - The CEO, Dr. Ryan Saadi, stated that retaining majority control allows the team to make critical decisions for the company's growth and strategic philosophy [3] - Tevogen is well-funded for the next steps in developing off-the-shelf, genetically unmodified T cell therapeutics for infectious diseases and cancers, as well as advancing its artificial intelligence initiative, Tevogen.AI [3]
Tevogen.AI Applauds U.S. Government's AI Action Plan; Reaffirms Commitment to Accelerating AI Innovation in Healthcare
Globenewswire· 2025-07-28 15:52
Core Insights - Tevogen Bio Holdings Inc. supports the White House's AI Action Plan, emphasizing the need for domain-specific standards and regulatory frameworks in healthcare AI [1][2] - The company has developed PredicTcell™, a machine learning model that accelerates immunotherapy research, potentially saving billions in drug development costs [2][3] - Tevogen aims to provide scalable and ethical solutions to enhance access to advanced therapeutics for all Americans, aligning with the government's focus on innovation and equity [3] Company Developments - Tevogen.AI's collaboration with Microsoft and Databricks has led to the creation of the alpha version of PredicTcell™, which significantly reduces the time for target analysis in immunotherapy [2] - The model's development reflects the AI Action Plan's goals for rapid scientific innovation and improved AI adoption in healthcare [2] Industry Context - The AI Action Plan highlights the importance of building trust and governance in healthcare AI, which is crucial for the industry's growth and regulatory compliance [1] - Tevogen's initiatives align with the federal government's strategy to leverage AI for enhancing healthcare delivery and reducing costs [3]
Tevogen.AI Receives International Patent Publication for AI Technology Predicting Immunologically Active Peptides
Globenewswire· 2025-07-18 16:36
Core Viewpoint - Tevogen Bio Holdings Inc. has announced the publication of its international patent application for a machine learning-based technology aimed at identifying immunologically active peptides, which is crucial for developing targeted therapies for diseases like cancer and infections [1][2]. Group 1: Technology and Innovation - The patented technology utilizes machine learning algorithms, developed in collaboration with Microsoft and Databricks, to enhance the identification of peptides that interact strongly with the immune system [1]. - Traditional methods for identifying these peptides often overlook important genetic diversity factors, but Tevogen.AI's approach aims to address these limitations [2]. - The technology focuses on efficiently screening and ranking potential peptides based on their immunological activity and continuously refining predictions using real-world data [6]. Group 2: Strategic Goals - The company emphasizes the importance of leveraging artificial intelligence to accelerate discovery, shorten development timelines, and reduce costs in the context of personalized T cell therapies [2]. - The goal is to deliver commercially attractive and economically viable therapies for various diseases, including cancers and infectious diseases [2].
Tevogen Signs Letter of Intent for New In-House Cell Therapy Manufacturing Facility
Globenewswire· 2025-07-17 13:15
Core Insights - Tevogen Bio Holdings Inc. has signed a letter of intent to lease a 17,428-square-foot facility in New Jersey to support its cell therapy manufacturing operations [2][3] - The facility, previously occupied by Pfizer and Cordis, aims to enhance Tevogen's clinical development while ensuring cost efficiency and scalability [3] - The lease term is expected to exceed five years, with occupancy anticipated after final lease execution and necessary approvals [3] Company Strategy - The new facility will be utilized for GMP cell therapy manufacturing and is expected to complement Tevogen's growing pipeline powered by its proprietary AI-driven target discovery platform, PredicTcell™ [3] - The investment in infrastructure reflects the company's commitment to delivering innovative and accessible T cell therapies, facilitating efficient scaling of manufacturing as the pipeline advances toward commercialization [4] Future Outlook - The facility is seen as a transitional step as the company plans to develop its own custom-built manufacturing facility in the future [4]
Tevogen.AI Targets Faster Time-to-Market with AI-Powered Patient Matching Following PredicTcell™ Alpha Launch
Globenewswire· 2025-07-16 15:57
Core Viewpoint - Tevogen Bio Holdings Inc. is expanding its AI-driven platform, Tevogen.AI, to enhance patient data integration for clinical trial participant identification, aiming to accelerate the development of personalized T cell therapies [1][2][3] Group 1: Tevogen.AI and PredicTcell™ - Tevogen.AI, supported by Microsoft and Databricks, will analyze electronic health records and real-world patient data to identify potential clinical trial participants [2] - The integration of patient data with the PredicTcell™ model is expected to enhance the ExacTcell™ pipeline development [2][3] Group 2: Clinical Trial Efficiency - Tevogen.AI aims to improve clinical trial efficiency, scalability, and inclusivity by rapidly identifying and enrolling suitable patients [3] - The initiative is designed to address critical bottlenecks in clinical development, potentially accelerating time-to-market for new therapeutic interventions [3][6] Group 3: Strategic Goals - The company’s mission focuses on achieving commercially attractive, economically viable, and cost-effective personalized T cell therapies [3] - By enhancing patient outcomes and expediting therapeutic approvals, Tevogen.AI seeks to provide a foundation for commercial success and investment growth [3]
Tevogen.AI Builds Alpha Version of PredicTcell™ Model with Microsoft and Databricks; Observes Drastic Time Reduction in Target Analysis Translating to Potential Savings of Billions in Drug Development Costs
Globenewswire· 2025-07-14 13:30
Core Viewpoint - Tevogen Bio Holdings Inc. has successfully developed the alpha version of its AI-driven PredicTcell™ model in collaboration with Microsoft and Databricks, aiming to revolutionize therapeutic development through enhanced target discovery and accelerated clinical research [1][3]. Group 1: Technology and Innovation - The PredicTcell model utilizes a terabyte-scale dataset with nearly a billion genetic and proteomic elements, significantly improving target discovery and reducing protein sequence analysis time from months to hours through advanced machine learning techniques [2][7]. - Tevogen.AI's initiatives are expected to streamline early-stage drug discovery, potentially generating billions in cost savings across the healthcare system and creating substantial top-line revenues for early adopters [7]. Group 2: Future Developments - The company plans to enhance the PredicTcell platform by expanding its datasets to include virology, oncology, and neurology, which may lead to improved accuracy and reduced time for wet lab testing [3][4]. - Additional advancements in clinical trial optimization and patient market analysis through the complementary AdapTcell™ model are anticipated to be announced in future communications [4].
Tevogen’s New Headquarters, Fully Funded by CEO, Centralizes R&D and AI Teams to Accelerate Innovation
GlobeNewswire· 2025-07-10 19:13
Company Overview - Tevogen Bio Holdings Inc. has officially opened its newly expanded corporate headquarters in Warren, New Jersey, which was fully funded by the CEO, Ryan Saadi, resulting in no costs to the company or its shareholders [2][6]. Facility Expansion - The new facility has been completed ahead of schedule and more than doubles the previous footprint of Tevogen, allowing for the centralization of research, regulatory affairs, and the expanding Tevogen.AI teams under one roof [3][6]. Future Plans - A formal ribbon-cutting ceremony is planned to celebrate the new headquarters, which will include local officials, employees, and community partners [3].
Tevogen CEO Contributes to Build-Out and First-Year Operations of New Headquarters
Globenewswire· 2025-06-30 18:28
Core Insights - Tevogen Bio Holdings Inc. emphasizes the significance of AI in drug discovery and has made a substantial investment in its new corporate headquarters [1][2] - The new facility will enhance collaboration among cross-functional teams and support the development of Tevogen's AI platforms [2][3] - The CEO's personal investment reflects strong leadership conviction in the company's mission and long-term vision for affordable cell therapies [3] Company Developments - The CEO, Ryan Saadi, M.D., M.P.H., contributed $500,000 for the build-out and first-year operating costs of the new headquarters in Warren, New Jersey [1] - The new facility more than doubles the previous operational footprint and centralizes various teams, including research and regulatory affairs [2] - The dedicated collaboration spaces are designed to facilitate the work of data scientists and engineers on Tevogen's proprietary AI platforms, PredicTcell™ and AdapTcell™ [2] Financial Outlook - The CFO, Kirti Desai, highlighted that the CEO's investment underscores the leadership's commitment to capital discipline while enabling efficient scaling [3]
Tevogen Updates on Development of EBV-Specific T Cell Therapy with Support from AI-Powered Target Discovery
GlobeNewswire News Room· 2025-06-18 12:30
Core Insights - Tevogen Bio is advancing its development of a cytotoxic T lymphocyte (CTL) therapy targeting Epstein-Barr virus (EBV)-associated lymphomas [1] - The company is utilizing its proprietary ExacTcell™ technology to manufacture EBV-specific CTLs for potential clinical trials [2] - Collaboration with Tevogen.AI aims to enhance peptide selection strategies for identifying immunologically active targets across the EBV genome [3] - The understanding of EBV-induced tumorigenesis has improved, highlighting the potential for CTLs to target EBV proteins for therapeutic breakthroughs [4] Research and Development - Computer-based selection of EBV peptides is in progress as part of preparation for clinical trials [2] - Confirmation studies are being conducted in Tevogen's R&D laboratory to validate CTL responses to selected viral peptides [2] - The collaboration with Tevogen.AI is focused on accelerating the identification of effective immunological targets [3] Scientific Insights - Recent advancements have clarified the mechanisms of EBV-induced tumorigenesis, which involve disruption of cellular pathways and promotion of malignant growth [4] - Targeting EBV proteins with specific CTLs represents a promising area for research and potential therapeutic advancements in EBV-driven cancers [4] Future Directions - Tevogen Bio plans to provide ongoing updates as its EBV research progresses through the preclinical evaluation phase [4]