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Stock impact report

Tevogen Bio Announces Series A-1 Preferred Stock Investment [Yahoo! Finance]

Tevogen Bio Holdings Inc. (TVGN) 
Company Research Source: Yahoo! Finance
biotech pioneer developing off-the-shelf, genetically unmodified T cell therapeutics in virology, oncology, and neurology, has entered into a securities purchase agreement with an existing investor pursuant to which the investor agreed to purchase shares of newly designated Series A-1 Preferred Stock of the Company in lieu of Series A Preferred Stock that the investor earlier agreed to purchase, for an aggregate purchase price of $6.0 million. “Tevogen Bio's precision T cell platform, ExacTcell , and its AI initiative have the potential to develop much-needed new class of off-the-shelf cell therapies to address the unmet need for large patient populations in Long COVID, oncology, virology, and neurology. The company's highly cost-efficient business model and rapid progress since inception in 2020 are unprecedented and reinforce our confidence in the leadership's deep understanding of the biopharma market,” commented the prominent physician and investor Dr. Manmohan Patel, MD. “Our c Show less Read more
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