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SINGAPORE, Oct. 14, 2025 (GLOBE NEWSWIRE) -- CytoMed Therapeutics Limited (NASDAQ: GDTC) ("CytoMed" or "Company"), a Singapore-based clinical stage biopharmaceutical company focused on harnessing its proprietary technologies to develop novel affordable donor-derived cell-based immunotherapies for the treatment of a broad range of cancers, including both blood and solid tumours, today announced that it has submitted a cash bid for an undisclosed sum with Michael Magnay and Rob Croxen of Alvarez and Marsal Europe LLP who were appointed as joint administrators to TC BioPharm Limited ("TCBL") on October 2, 2025, in relation to a potential acquisition of potentially synergistic assets of TCBL (the "Proposed Acquisition").
TCBL and CytoMed are both clinical stage biopharmaceutical companies engaged in the research and development of donor-derived allogeneic gamma delta T cells for cancer treatment. TCBL has completed Phase I clinical trial, while CytoMed is currently conducting its Phase I ANGELICA Trial in Singapore under an Investigational New Drug (IND) application, evaluating its proprietary chimeric antigen receptor (CAR) T cells for a broad range of liquid and solid cancers.
This Proposed Acquisition is intended to strengthen and deepen CytoMed's expertise and knowledge in using allogeneic cell therapies for cancer treatment, enabling the Company to accelerate its commercialization timeline and advance its mission to provide affordable therapeutic options for patients, especially for no-option patients with unmet needs from all over the world.
Posted In: GDTC