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Tevogen Expands Headquarters Amid Growth of AI and Generics & Biosimilars Initiatives
Globenewswire· 2025-06-09 13:00
Core Viewpoint - Tevogen Bio Holdings Inc. has executed a lease agreement to expand its corporate headquarters in Warren, New Jersey, significantly increasing its operational footprint and enhancing collaboration among its teams [2][3]. Group 1: Expansion and Operational Efficiency - The new headquarters will centralize various cross-functional teams, including executive leadership, regulatory affairs, corporate strategy, and research and development, which were previously located in Philadelphia [3]. - The expanded facility will also accommodate Tevogen.AI and the Generics & Biosimilars initiative, providing dedicated space for data scientists and engineers as the development of proprietary algorithms accelerates [3][4]. Group 2: Future Growth and Business Diversification - The newly leased space, previously occupied by CAPTRUST, will support potential new business units as Tevogen continues to grow and diversify its portfolio [4]. - Tevogen aims to finalize in-house manufacturing capabilities, which are projected to support cumulative revenues of $10–14 billion for Tevogen Oncology and $18–22 billion for Tevogen Specialty Care [5]. Group 3: Commitment to Healthcare - Tevogen remains dedicated to enhancing healthcare affordability and accessibility through drug development, AI-powered innovation, and domestic manufacturing of generics and biosimilars [5].