TC BioPharm (NASDAQ: TCBP), a clinical-stage biotechnology company developing allogeneic gamma-delta T cell therapies, is implementing a strategic shift to a decentralized model, outsourcing key functions to contract development and manufacturing organizations (CDMOs). The transition is expected to reduce operational costs by approximately 55% compared to 2024, with estimated annual savings of $4.2 million. As part of this restructuring, the company will reduce its workforce by around 20 employees, primarily in production and quality divisions. CEO Bryan Kobel emphasized that the move positions TC BioPharm for future clinical trials and advancements in cell therapy manufacturing.
To view the full press release, visit: https://ibn.fm/XTB48
About TC BioPharm Holdings PLC
TC BioPharm is a clinical stage biopharmaceutical company focused on the discovery, development and commercialization of gamma-delta T cell therapies for the treatment of cancer with human efficacy data in acute myeloid leukemia. Gamma-delta T cells are naturally occurring immune cells that embody properties of both the innate and adaptive immune systems and can intrinsically differentiate between healthy and diseased tissue. TC BioPharm is the leader in developing gamma-delta T cell therapies, and the first company to conduct phase II/pivotal clinical studies in oncology. The company is conducting two investigator-initiated clinical trials for its unmodified gamma-delta T cell product line – Phase 2b/3 pivotal trial for OmnImmune(R) in treatment of acute myeloid leukemia using the company’s proprietary allogeneic CryoTC technology to provide frozen product to clinics worldwide. For more information about the company, visit www.tcbioparm.com.
NOTE TO INVESTORS: The latest news and updates relating to TCBP are available in the company’s newsroom at https://ibn.fm/TCBP
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