On Tuesday, D Boral Capital initiated coverage on Tevogen Bio Holdings Inc. TVGN, a clinical-stage immunotherapy company.
Initiated a small position in Tevogen Bio Holdings Inc. due to a promising pipeline and favorable seasonal patterns, despite only one Wall Street analyst covering it. Tevogen Bio develops T-cell therapies for infectious diseases, cancers, and neurological disorders, with TVGN 489 completing Phase 1 trials for Long COVID and COVID-19. The stock has experienced significant price fluctuations, with lows likely due to tax loss selling and potential upside from the Santa Claus Rally and January effect.
On Thursday, Tevogen Bio Holdings Inc. TVGN announced its top-line revenue forecast for its oncology pipeline, projecting $1 billion in revenue in its launch year and a cumulative 5-year estimate of between $10 billion and $14 billion.