Tevogen Signs Non-Exclusive, Non-Binding LOI To Evaluate Potential Transaction With Sciometrix To Augment Capabilities And Transition Into Revenue‑Generating Healthcare Enterprise
Benzinga Newsdesk 8 months ago
News
Tevogen ("Tevogen Bio Holdings Inc.") (NASDAQ:TVGN) today announced that it has entered into a signed, non-exclusive, non-binding Letter of Intent ("LoI") to evaluate a potential transaction with Sciometrix Inc.
Tevogen ("Tevogen Bio Holdings Inc.") (NASDAQ:TVGN) today announced that it has entered into a signed, non-exclusive, non-binding Letter of Intent ("LoI") to evaluate a potential transaction with Sciometrix Inc. ("Sciometrix"), a privately held healthcare technology and value-based care solutions provider headquartered in Michigan and developer of the Clinicus digital care management platform, that would, if consummated, result in Tevogen holding a majority voting interest in Sciometrix.
The potential transaction is being explored to augment Tevogen's existing capabilities and would result in Tevogen becoming a revenue-generating healthcare enterprise. Tevogen is evaluating the integration of Sciometrix's digital care management capabilities, including its Clinicus platform, and remote patient monitoring technologies, with the Tevogen.AI initiative.