Tevogen CEO Donates 50,000 Shares to Support Local Fire Company
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 19 2025
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Source: Globenewswire
- Community Support: Tevogen's Founder and CEO, Ryan Saadi, donated 50,000 shares of his personal holdings to the Mt. Bethel Fire Company, aiming to enhance emergency response capabilities and improve safety in the Warren Township community.
- Economic Impact: Saadi noted that Tevogen has an estimated asset valuation of $10 billion, and this donation not only reflects a commitment to community responsibility but also underscores the company's long-term dedication to advancing science and creating jobs.
- Strategic Significance: This donation aligns with Tevogen's vision of social responsibility, aiming to strengthen ties with local organizations, thereby laying a solid foundation for future business development.
- Compliance: The donation was made in accordance with SEC Rule 144, ensuring that Saadi will not receive any proceeds from the disposal of the securities, which guarantees transparency and compliance in the donation process.
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About TVGN
Tevogen Bio Holdings Inc. is a clinical-stage specialty immunotherapy company. The Company is harnessing CD8+ cytotoxic T lymphocytes (CD8+ CTLs), to develop off-the-shelf, genetically unmodified precision T cell therapies for the treatment of infectious diseases, cancers, and neurological disorders, aiming to address the unmet needs of patient populations. Its first product candidate, TVGN 489, has developed to fill a critical gap in COVID-19 therapeutics for the immunocompromised and the high-risk elderly, with potential applications in both treatment and prevention of chronic lingering symptoms of the disease. Its TVGN 601 is being developed for multiple sclerosis (MS), and its TVGN 930 is being developed for EBV-associated lymphomas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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