On November 2, 2023 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, reported that it has selected of Fortrea (FTRE) as the Company’s Contract Research Organization (CRO) for global trials, including ACHIEVE and ACHIEVE2 (Press release, TC Biopharm, NOV 2, 2023, View Source [SID1234636827]).

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The trials, in the UK and US respectively, will be managed by Fortrea on an ongoing basis, creating a vertically integrated clinical trial program which allows for increased operational efficiencies, resulting in better data management and review as well as value creation. TC BioPharm expects to generate cash savings through the creation of these efficiencies by consolidating CRO services under a single entity.

"Fortrea is a leading global CRO who we believe brings a wealth of knowledge and experience that is expected to increase the likelihood of success in both ACHIEVE and ACHIEVE2," said CEO Bryan Kobel. "By consolidating these trials under a single CRO we have established a unified database for the trial management, removed potential miscommunication issues, and eliminated an onerous cost structure, which we believe will create cost savings. We appreciate Fortrea taking on these exciting trials with us and look forward to data read outs in 2024."