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TC BioPharm (Holdings) plc American Depositary Shares - TCBP STOCK NEWS

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TC BioPharm (Holdings) PLC (NASDAQ: TCBP) is a clinical-stage biopharmaceutical company dedicated to the discovery, development, and commercialization of innovative immunotherapy products. The company leverages its proprietary allogeneic gamma-delta T (GD-T) cell platform to create novel therapies aimed at treating cancer and viral infections.

Gamma-delta T cells are unique immune cells that possess characteristics of both the innate and adaptive immune systems, enabling them to distinguish between healthy and diseased tissues. TC BioPharm's approach uses these cells to develop effective treatments for various cancers, including both liquid and solid tumors.

Notable achievements include the initiation of phase 2b/3 pivotal trials for OmnImmune® in the treatment of acute myeloid leukemia (AML) using their proprietary allogeneic CryoTC technology, which allows for the distribution of frozen cell products to clinics worldwide. The company also maintains a robust pipeline targeting solid tumors and has built a significant intellectual property portfolio.

Recent developments highlight TC BioPharm's dynamic progress:

  • March 1, 2024: CEO Bryan Kobel featured on 'The Big Biz Show,' discussing the company's ongoing advancements.
  • March 18, 2024: An institutional investor exercised warrants resulting in a net cash infusion of $1.17M, strengthening the company’s financial position.
  • March 19, 2024: The company adjourned its General Meeting to gather additional information for a shareholder vote.
  • April 2, 2024: Announcement of a new streamlined manufacturing process to increase patient treatment capacity and reduce costs by 85%.
  • April 4, 2024: Execution of a non-binding letter of intent to acquire assets focused on CAR-NK cell therapies, enhancing their cancer treatment capabilities.
  • May 6, 2024: Agreement for the immediate exercise of certain warrants, raising approximately £3.1M for clinical trials and operations.
  • May 6, 2024: Announcement of a second letter of intent to acquire a company developing CAR-T therapies for solid tumors and autoimmune diseases.
  • May 15, 2024: Launch of a compassionate use program in the UK for TCB-008, providing new treatment options for patients ineligible for clinical trials.

TC BioPharm continues to focus on expanding its therapeutic platform, leveraging strategic partnerships, and advancing its clinical trials, all while upholding its commitment to improving patient outcomes.

Rhea-AI Summary

TC BioPharm (NASDAQ: TCBP) announced it has received an extension from the Nasdaq Hearings Panel to regain compliance with Listing Rule 5550(b)(2). The company must meet specific milestones by June 30, 2023, which include maintaining a market value of at least $35 million, or alternatively, $2.5 million in shareholders' equity or $500,000 in net income. This extension allows TCBP's stock to continue trading on the Nasdaq Capital Market. TC BioPharm focuses on developing gamma-delta T cell therapies for cancer, being a leader in this field with ongoing clinical trials for its OmnImmune® treatment.

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TC BioPharm (NASDAQ: TCBP) announced a strategic shift toward FDA trials for its TCB-008 therapy targeting acute myeloid leukemia (AML). The company plans to submit a protocol for a Phase 1b safety trial in Q3 2023, followed by additional IND submissions by early 2024. The study aims to include approximately 9 patients, focusing on dose escalation. CEO Bryan Kobel emphasized the importance of U.S. trials to align with their long-term goal of becoming a commercial leader in oncology. This approach aims to simplify operations, improve economic efficiency, and leverage the substantial AML patient pool in the U.S., potentially leading to rapid trial enrollment.

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TC BioPharm (NASDAQ: TCBP) has appointed Dr. Michael Leek as Chief Technology Officer, resuming operational duties after previously serving as Executive Chairman since June 2021. With over 35 years in cell-based R&D, Dr. Leek co-founded the company in July 2013 and has extensive experience in clinical development. He aims to drive innovation in gamma-delta T cell therapies for cancer treatment, reporting to CEO Bryan Kobel. TCBP leads in developing these therapies and is conducting pivotal clinical trials for its OmnImmune® product in acute myeloid leukemia, utilizing proprietary allogeneic CryoTC technology to supply clinics globally.

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On February 21, 2023, TC BioPharm announced the publication of a Phase I trial paper focused on allogeneic γδ T lymphocytes in treating refractory acute myeloid leukemia (AML). Published in a peer-reviewed journal, the study highlights the safety and feasibility of this cell therapy approach. Dr. Emilio Cosimo expressed pride in the research team's work, supporting further research in the area. CEO Bryan Kobel noted the publication as a significant milestone for the company, which is a leader in developing gamma-delta T cell therapies for cancer. TC BioPharm continues to advance its clinical pipeline targeting liquid and solid tumors.

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TC Biopharm, a clinical-stage biotechnology firm focused on gamma-delta T cell therapies for cancer, has appointed Arlene M. Morris as Chair of the Board. Ms. Morris, an independent director since 2022, brings extensive biotech experience, having facilitated high-profile corporate deals and financings exceeding $250 million. CEO Bryan Kobel emphasized her expertise in business development and capital markets, which aligns with TC Biopharm's strategic goals. Morris expressed honor in her new role during a critical growth period for the company, which aims to lead in gamma-delta T cell therapy commercialization. The company is progressing in clinical trials targeting acute myeloid leukemia.

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TC BioPharm (NASDAQ: TCBP) has rescheduled its shareholder update call to February 21, 2023, at 12:00 p.m. ET. Originally set for February 20, the call will cover the company's clinical trial plans for gamma-delta T cell therapies in oncology.

Management will provide insights into the company's 2023 outlook and discuss ongoing business development efforts. A Q&A session will follow the opening remarks, allowing investors to submit pre-recorded questions.

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TC Biopharm (NASDAQ: TCBP, TCBPW) announced the completion of dosing its final patient in the safety cohort for the phase 2B trial of OmnImmune (TCB008) aimed at treating Acute Myeloid Leukemia (AML).

The trial transition from donor matching to a universal donor model is a significant advancement. The company anticipates a positive review from the Data Safety Monitoring Board (DSMB) in February, enabling open enrollment for 37 patients.

CEO Bryan Kobel expressed confidence in the trial's progress, highlighting recruitment success and upcoming interim reviews to assess dose levels, projecting significant market potential as the global AML market is expected to reach $2.6 billion by 2027.

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The acute myeloid leukemia (AML) pipeline is experiencing significant growth, with over 200 companies developing more than 260 pipeline therapies. Notable companies include GlycoMimetics, Takeda Oncology, and TC Biopharm. The report emphasizes the advancement of novel therapies, such as Uproleselan and Pevonedistat, which are in various stages of development including Phase III trials. Additionally, recent designations like orphan drug status from the FDA for AML treatments highlight the urgency in addressing this prevalent disease. The comprehensive analysis covers the therapeutic landscape, including mechanisms of action and routes of administration.

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TC BioPharm has appointed Bree Harlin as the new Chief Clinical Officer, effective immediately. With over 20 years of experience in oncology and clinical development, Harlin previously worked at Loxo at Lilly. Her expertise will be crucial as the company aims to expand its clinical trials in the U.S. and submit its first Investigational New Drug (IND) application in the latter half of 2023. TC BioPharm focuses on gamma-delta T cell therapies for cancer treatment and is recognized for its pivotal clinical studies. The company is positioned for growth as it develops its pipeline for various cancer indications.

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TC BioPharm, a clinical-stage biotechnology company, will hold a shareholder update call on February 20, 2023, at 10:00 am ET. The meeting will focus on the company's clinical trial plan for allogeneic gamma-delta T cell therapies for cancer, including updates on its ongoing studies for acute myeloid leukemia and future oncology indications. CEO Bryan Kobel and CFO Martin Thorp will lead the call, which will include a Q&A session addressing pre-submitted questions from investors. Interested parties can join via the provided live call numbers or webcast link.

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FAQ

What is the current stock price of TC BioPharm (Holdings) plc American Depositary Shares (TCBP)?

The current stock price of TC BioPharm (Holdings) plc American Depositary Shares (TCBP) is $0.71 as of December 26, 2024.

What is the market cap of TC BioPharm (Holdings) plc American Depositary Shares (TCBP)?

The market cap of TC BioPharm (Holdings) plc American Depositary Shares (TCBP) is approximately 5.5M.

What does TC BioPharm (Holdings) PLC specialize in?

TC BioPharm specializes in developing allogeneic gamma-delta T cell therapies for treating various cancers and viral infections.

What are gamma-delta T cells?

Gamma-delta T cells are immune cells that combine properties of the innate and adaptive immune systems, allowing them to effectively identify and target diseased tissues.

What is OmnImmune®?

OmnImmune® is TC BioPharm's therapeutic product currently in phase 2b/3 pivotal trials for treating acute myeloid leukemia (AML) using their proprietary allogeneic CryoTC technology.

How does TC BioPharm's CryoTC technology work?

CryoTC technology enables the company to freeze and distribute allogeneic gamma-delta T cell products to clinics worldwide, ensuring accessibility and efficacy.

What recent financial milestones has TC BioPharm achieved?

An institutional investor recently exercised warrants, providing a net cash infusion of $1.17M. Additionally, the company raised approximately £3.1M through the immediate exercise of certain outstanding warrants.

What new manufacturing initiatives has TC BioPharm announced?

TC BioPharm is developing a new manufacturing process expected to increase treatment capacity from 52 to over 1,000 patients per year while reducing costs by 85%.

What is TC BioPharm's compassionate use program?

The compassionate use program in the UK allows patients who are ineligible for clinical trials to access TC BioPharm's lead therapeutic TCB-008.

What are the company's latest strategic acquisitions?

TC BioPharm has executed non-binding letters of intent to acquire assets focused on CAR-NK cell therapies and a company developing CAR-T therapies for solid tumors and autoimmune diseases.

Where can I watch the CEO's interview on 'The Big Biz Show'?

The interview can be viewed on streaming services like Roku, iHeart Radio, and Apple Podcasts, among others.

What is TC BioPharm's position in the biopharmaceutical industry?

TC BioPharm is a leader in developing gamma-delta T cell therapies and the first to conduct phase II/pivotal clinical studies in oncology.

TC BioPharm (Holdings) plc American Depositary Shares

Nasdaq:TCBP

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Biotechnology
Biological Products, (no Disgnostic Substances)
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