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TC Biopharm Announces Corporate Restructuring, Reduction In Overhead; Co. Is Reducing Its Workforce Up To 30%, With The Majority Of The Reduction Expected To Be Completed During The First Half 2023; Expected To Result In Cost Savings In Excess Of $3M

Benzinga ·  03/22 20:40

Extends cash runwayRealigned to reflect corporate strategic visionEDINBURGH, Scotland, March 22, 2023 /PRNewswire/ -- TC BioPharm (Holdings) PLC ("TC BioPharm" or the "Company") (NASDAQ:TCBP) a clinical stage biotechnology company developing platform allogeneic gamma-delta T cell therapies for cancer, today announced a corporate restructuring plan to reduce costs and prioritize its pending lead US clinical programs.In connection with the restructuring, the Company is reducing its workforce up to 30%, with the majority of the reduction expected to be completed during the first half 2023. The remaining team will support both current and future clinical trials and combination trials of our lead therapeutic

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