Tevogen Peports Plans to Increase the Target Population for TVGN 489
Tevogen Bio Holdings Inc. (NASDAQ:TVGN) revealed plans to broaden the scope of its TVGN 489 experimental medication to encompass patients 65 years of age and above.
A laboratory technician researching a sample of cells in a biotechnology laboratory.
The action expands upon the company's October 2024 revenue forecast of around $1 billion in sales during the first year, with five-year projections ranging from $18 billion to $22 billion. The expanded market will be reflected in an updated risk-adjusted net present value.
Sadiq Khan, MBA, Chief Commercial Officer, stated that the strategic choice coincides with a spike in instances of the highly contagious COVID variant NB.1.8.1, which was initially identified in China. Tevogen Bio Holdings Inc. (NASDAQ:TVGN) is increasing clinical production to satisfy consumer demand.
TVGN 489 targets SARS-CoV-2 infections in immunocompromised patients, such as those with psoriatic arthritis, rheumatoid arthritis, B-cell tumors, and other malignancies. It was created utilizing Tevogen Bio Holdings Inc. (NASDAQ:TVGN)’s ExacTcell™ platform. It covers Long COVID as well. Since seniors (65 and above) were not taken into consideration in earlier forecasts, their inclusion in the specialty care pipeline significantly boosts commercial potential.
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