TCBP Announces Execution Of Non-Binding Letter Of Intent For Acquisition Of NK Platform Technologies; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
TC BioPharm (Holdings) PLC (NASDAQ:TCBP) announced the execution of a non-binding letter of intent for the acquisition of NK platform technologies, aiming to expand its therapeutic platform. The acquisition targets proprietary manufacturing processes of two allogeneic CAR-NK therapeutics, focusing on solid tumors. The company sees substantial synergies in combining these with its TCB-008 therapy. The completion of the transaction is subject to various conditions including financing and regulatory approvals.
April 04, 2024 | 12:34 pm
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TC BioPharm announced its intention to acquire NK platform technologies to enhance its cancer therapy offerings, focusing on solid tumors with potential synergies with TCB-008.
The announcement of a non-binding letter of intent for the acquisition of NK platform technologies by TC BioPharm is likely to be viewed positively by investors. The focus on expanding its therapeutic platform and the potential for synergies with its existing TCB-008 therapy could signal future growth and innovation. However, the transaction's completion is subject to various conditions, including financing and regulatory approvals, which introduces some uncertainty.
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