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Tevogen Receives $1 Million to Accelerate AI-Driven Drug Discovery; Remains Well Capitalized to Execute Growth Strategy
Globenewswire· 2025-08-07 13:00
Core Insights - Tevogen Bio Holdings Inc. has secured $1 million in funding to enhance its artificial intelligence-driven drug discovery program, Tevogen.AI [1][6] - The funding is part of a larger agreement with KRHP LLC, which could provide up to $10 million in non-dilutive funding, including $2 million received in January 2025 [2][6] - Tevogen.AI's recent patent publication for its machine learning technology aims to improve targeted therapies for cancers and infectious diseases [2] Financial Position - The company is well-capitalized, with access to a $36 million line of credit, ensuring it can execute its growth strategy effectively [3][6] - The total potential funding from KRHP LLC, including the recent $1 million, amounts to $10 million, which will support the advancement of Tevogen.AI [2][6] Strategic Focus - The funding will be utilized to accelerate Tevogen.AI's capabilities, focusing on enhancing target discovery, shortening development timelines, and improving treatment accessibility for large patient populations [2][6]
Tevogen Sees Significant Institutional Ownership Growth; 73% of Holders Increase Positions
Globenewswire· 2025-08-06 19:59
Core Insights - Tevogen Bio Holdings Inc. reported a 60% increase in institutional ownership of its common stock as of March 31, 2025, compared to December 31, 2024 [2] - Vanguard and BlackRock were the largest contributors to this growth, increasing their holdings by 151% [2] - 73% of the 51 institutional investment managers holding Tevogen stock either increased or maintained their positions, indicating a significant influx of new investors [2][3] Company Developments - The increase in institutional ownership is viewed as a sign of confidence in Tevogen's fundamentals and long-term growth potential [3] - Tevogen is advancing its Tevogen.AI initiatives, including new patent activity and collaborations with Microsoft and Databricks [3] - The company plans to establish its own GMP cell manufacturing facility, which is expected to enhance its capabilities in developing targeted therapies for cancers and infectious diseases [3] Future Outlook - Tevogen will provide another update on institutional ownership following the next SEC reporting period, indicating ongoing monitoring of investor sentiment [3]
Tevogen.AI Expands Collaboration With Databricks and Microsoft to Build the Beta Version of Its PredicTcell™ Model With a Focus on Oncology
Globenewswire· 2025-08-05 18:32
Core Insights - Tevogen Bio Holdings Inc. is expanding its artificial intelligence initiative, Tevogen.AI, in collaboration with Microsoft and Databricks to develop the beta version of the PredicTcell model [1][2] - The new dataset being curated focuses on oncology and aims to enhance the accuracy of the existing model, which previously utilized a virology dataset [2] - The development phase is supported by a recently published international patent application that details novel machine learning systems for predicting immunologically active peptides, crucial for targeted cancer therapies [3] Company Developments - Tevogen.AI is leveraging the Databricks Data Intelligence Platform to improve its foundational AI model, particularly in the complex field of oncology [2][4] - The company is also exploring external market opportunities as a potential revenue source, which may include enhanced analytics and visualization tools for the PredicTcell model [7] Strategic Collaborations - The collaboration with Microsoft and Databricks is highlighted as a significant advantage in building the alpha version of the AI model, emphasizing the importance of high-quality datasets in drug discovery [4]
Tevogen CEO Affirms Strong Growth, Capital Position, and AI Expansion in Letter to Stockholders
Globenewswire· 2025-08-01 19:57
Core Viewpoint - Tevogen Bio Holdings Inc. is transitioning from a biotechnology innovator to a dynamic enterprise that integrates artificial intelligence into its operations, aiming to deliver impactful and affordable therapies through advanced science and technology [1][2]. Group 1: Company Developments - Tevogen has validated its proprietary ExacTcell™ platform and completed a successful proof-of-concept clinical trial for its first product, while also establishing a drug discovery R&D center and working on a GMP cell manufacturing facility [2]. - The company has launched its AI-driven PredicTcell™ platform, enhancing target discovery efficiency and forming strategic partnerships with technology leaders like Microsoft and Databricks [3]. - Tevogen has a robust intellectual property portfolio, with recent patent filings that secure its position in AI-driven predictive modeling [3]. Group 2: Financial Position and Growth Strategy - Tevogen is well-capitalized and has access to necessary funding to execute its growth strategy, including the development of Tevogen.AI [4]. - The company highlights a 74% insider equity ownership, reinforcing its long-term vision and commitment to its mission [2][7]. - The establishment of a new in-house cell therapy manufacturing facility is underway, which is expected to enhance operational capabilities [7]. Group 3: Innovation and Cost Efficiency - The collaboration with Microsoft and Databricks has led to a drastic reduction in target analysis time, potentially saving billions in drug development costs [7]. - The new headquarters, funded by the CEO, centralizes R&D and AI teams to accelerate innovation within the company [7].
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]