Tevogen ("Tevogen Bio Holdings Inc." or "Company") (NASDAQ:TVGN) today announced the formation of its healthcare services initiative, a strategic business area intended to support the Company's evolution into a broader, revenue-generating healthcare enterprise.

The initiative will be led on an interim basis by William Keane, Tevogen's Vice President of Strategic Initiatives. The healthcare services initiative may include, if consummated, the Company's currently evaluated acquisition opportunities involving a Management Services Organization ("MSO") and a Contract Research Organization ("CRO"). These potential acquisitions could help pave the Company's path toward approximately $100 million in combined annual revenue, while advancing Tevogen's mission to improve affordability and access across healthcare.