BUZZ-Tevogen Bio rises on revenue forecast of nearly $1 bln

Reuters

2024/10/22

** Shares of drug developer Tevogen Bio closed up about 5% at $1.80

** Company forecasts top line revenue for its specialty care pipeline to be nearly $1 bln in its launch year

** Cumulative 5-year revenue estimate between $18 bln and $22 bln - TVGN

** Company's pipeline includes treatment for Covid-19 infection in patients with certain cancers, as well as arthritis

** Up to last close, stock was down 84.2% YTD

(Reporting by Sneha S K)

((Sneha.SK@thomsonreuters.com;))

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