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Tevogen Bio CEO Reinforces Commitment to Retention of Equity Capital and Long-Term Vision [Yahoo! Finance]

Tevogen Bio Holdings Inc. (TVGN) 
Company Research Source: Yahoo! Finance
5 min read Tevogen Bio Inc WARREN, N.J., Feb. 14, 2025 (GLOBE NEWSWIRE) -- Ryan Saadi, MD, MPH, Founder and CEO of Tevogen Bio (“Tevogen Bio Holdings Inc.” or “Company”) (Nasdaq: TVGN ), a clinical-stage specialty immunotherapy biotech company, reaffirms his commitment to preserving equity for shareholders. Amid ongoing discussions about financing approaches in the biotech sector, Dr. Saadi emphasizes his distinct strategy, which prioritizes efficiency, asset ownership, and a path to revenue. “I'm not opposed to the concept of equity financing, I believe that preserving equity is fundamental to preserving a Founder's vision,” said Ryan Saadi, Founder and CEO of Tevogen Bio. “From a practical standpoint, it's simply not relevant to us when you consider the following: Strong Asset Base: Tevogen Bio believes its assets are valued in the billions. This value is not reflected on Tevogen's balance sheet as internally developed intangible assets are generally not permitted to be cap Show less Read more
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