Stockwinners Market Radar for January 05, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
NTLA | Hot Stocks20:11 EST Cathie Wood's ARK Investment bought 168.7K shares of Intellia Therapeutics today
|
ROKU | Hot Stocks20:10 EST Cathie Wood's ARK Investment bought 166.1K shares of Roku on Wednesday
|
LGIH | Hot Stocks19:29 EST LGI Homes reports 1,004 home closings in December - LGI Home announced it closed 1,004 homes in December, a total of 2,526 home closings in the fourth quarter and a record 10,442 home closings for the full year 2021.
|
TMDX | Hot Stocks18:44 EST TransMedics: OCS Liver PROTECT trial results published in JAMA Surgery - TransMedics announced the publication of OCS Liver PROTECT Trial Results in JAMA Surgery, a member of the Journal of the American Medical Association Network. The publication, titled Impact of Portable Normothermic Blood-Based Machine Perfusion on Outcomes of Liver Transplant, was published online on January 5, 2022. The OCS Liver System was approved by the U.S. FDA for the preservation and assessment of donor livers for transplant from donors after brain death and after circulatory death on September 29, 2021. "The PROTECT trial showed superior short-term and mid-term clinical outcomes and higher numbers of donor livers used for transplant," said Dr. James F. Markmann, Chief of the Division of Transplantation Surgery at Massachusetts General Hospital and the lead author of the manuscript. "We concluded, that the advent of portable, extracorporeal, donor liver machine perfusion offers for the first time a convenient and effective approach to both clinically assess and enhance donor liver function, thereby improving transplant safety, expanding the liver donor pool, and reducing waiting list mortality - This is a game changer in liver transplantation." "We believe these superior clinical results represent a groundbreaking milestone for liver transplantation," said Waleed Hassanein, MD, President and Chief Executive Officer. "This publication is further evidence that the OCS Liver System along with our OCS Lung and OCS Heart Systems will significantly improve patient outcomes and expand the pool of eligible donors, thereby saving more lives."
|
BTC $BTC | Hot Stocks17:58 EST Bitcoin extends decline to one-month low of $43,000
|
SONY | Hot Stocks17:47 EST PlayStation exclusive 'Ghost of Tsushima' sells over 8M copies - Sucker Punch, a Sony-owned video game developer, said in a tweet last night that its 2020 game "Ghost of Tsushima," which first launched on PlayStation 4 before receiving a PlayStation 5 remaster this year, has sold over 8M copies. Reference Link
|
GVA | Hot Stocks17:31 EST Granite selected for $90M construction project in California - Granite announced that it has been selected by the California Department of Transportation as the Construction Manager/General Contractor for the approximately $90M State Route 70 Binney Junction Roadway Rehabilitation and Complete Streets CM/GC project. In the first phase of this project, valued at $1.3 million, Granite will work closely with Caltrans and project designers on the design, constructability, and cost estimating portions of the project. The Construction Management portion of the Binney Junction project is expected to begin in Q1, 2022 and the General Contractor phase is expected to begin in Q1, 2023.
|
TSLA... | Hot Stocks17:26 EST Battery startup Our Next Energy says test battery got 752 miles without recharge - Michigan-based battery technology company, Our Next Energy ONE has demonstrated a proof-of-concept battery that powered an electric vehicle 752 miles without recharging. "The vehicle completed a road test across Michigan in late December with an average speed of 55 mph. The results were validated by a third party using a vehicle dynamometer where the test vehicle, a Tesla (TSLA) Model S retrofitted with an experimental battery, achieved 882 miles at 55 mph. "We want to accelerate the adoption of electric vehicles by eliminating range anxiety, which holds back most consumers today," said Mujeeb Ijaz, Founder and CEO of ONE. "We are now focused on evolving this proof-of-concept battery into a new product called Gemini, which will enable long distance trips on a single charge while improving cost and safety using sustainable materials." Other companies in the battery space include: Albemarle (ALB), QuantumScape (QS) Lithium Americas (LAC) and SQM. Reference Link
|
IIPR | Hot Stocks17:22 EST Innovative Industrial Properties provides Q4 operating update - The company states: "As of January 5, 2022, IIP owned 103 properties located in Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Dakota, Ohio, Pennsylvania, Texas, Virginia and Washington, representing a total of approximately 7.7 million rentable square feet. As of January 5, 2022, IIP had invested approximately $1.7B across its portfolio and had committed an additional approximately $316.1 million to reimburse certain tenants and sellers for completion of construction and improvements at IIP's properties. These statistics do not include an $18.5M loan from IIP to a developer for construction of a regulated cannabis cultivation and processing facility in California and up to $55.0M that may be funded between June 15, 2022 and July 31, 2022 pursuant to IIP's lease with a tenant at one of IIP's Pennsylvania properties, as the tenant at that property may not elect to have IIP disburse those funds and pay IIP the corresponding base rent on those funds. From October 1, 2021 through today, IIP made 29 acquisitions for properties located in California, Colorado, Michigan, North Dakota and Pennsylvania, and executed one lease amendment to provide an additional improvement allowance at a property located in Massachusetts. In these transactions, IIP established new tenant relationships with Gold Flora, LLC, Medicine Man Technologies, Inc. and Southwest Alternative Care, LLC, while expanding existing relationships with Columbia Care Inc., Curaleaf Holdings, Inc., LivWell Holdings, Inc. and Temescal Wellness of Massachusetts, LLC."
|
MKTX | Hot Stocks17:17 EST MarketAxess reports December monthly trading volume of $538.1B - MarketAxess Holdings announced monthly trading volume for December 2021 of $538.1B consisting of $183.6B in credit volume and $354.5B in rates volume. The Company also reported preliminary variable transaction fees per million for the quarter ended December 31, 2021 of $165 for U.S. high-grade, $192 for other credit, $180 for total credit and $3.90 for rates. December and fourth quarter highlights included: Estimated U.S. high grade market share reached the second-best month ever at 23.6%, up from 20.9% in November, despite tightening credit spreads during the month; estimated market volume down 12% year-over-year. Record estimated U.S. high yield market share of 18.3%, up from 14.6% in November; increased ETF client activity contributed to the share gains; estimated market volume down 18% year-over-year. Emerging markets trading volume up 12% year-over-year; estimated market volume down 11% year-over-year. Record estimated Eurobond market share of 14.4%, up from 13.3% in November; estimated market volume down 25% year-over-year. U.S. Treasury bond volume of $349.4B, up 32% year-over-year; estimated market volume up 18% year-over-year. MarketAxess municipal bond volume of $1.8B, up 17% year-over-year; estimated market volume down 17% year-over-year. Record quarterly portfolio trading volume of $13.1B, up from $8.9B in the third quarter. 92% of total credit volume during the quarter was conducted with institutional investors.
|
TOST | Hot Stocks17:11 EST Toast COO sells $33.1M in common stock - In a regulatory filing, Toast disclosed that its COO Aman Narang sold 1.03M shares of common stock on January 3rd in a total transaction size of $33.1M, reducing his stake by about 38%.
|
GNRC | Hot Stocks17:09 EST Generac CEO sells $1.75M in common stock - In a regulatory filing, Generac disclosed that its CEO Aaron Jagdfeld sold 5K shares of common stock on January 3rd in a total transaction size of $1.75M, reducing his stake by about 1%.
|
CRSR | Hot Stocks17:02 EST Corsair Gaming acquires majority ownership in Taiwan-based iDisplay - Corsair Gaming acquired a 51% stake in iDisplay Technology, a provider of electronic development and design specializing in display technology. Taiwan-based iDisplay, founded in 1998, is a developer of consumer electronics, smart home controls, and streaming consoles. Corsair, through its Elgato subsidiary, partnered with iDisplay in 2015 to develop the Stream Deck studio control platform. s.
|
SWKH | Hot Stocks16:56 EST SWK Holdings committee unable to reach pact on Carlson Capital proposal - SWK Holdings Corporation announced that the special committee of the company's board of directors has concluded its investigation of the non-binding proposal received from funds managed by Carlson Capital, L.P. to acquire all shares of SWK not already owned by Carlson Capital. In connection with its review and consideration of Carlson Capital's proposal, the Special Committee and its advisors entered into discussions with Carlson Capital and its advisors pursuant to which the Special Committee provided feedback to and exchanged counterproposals with Carlson Capital. As a result of these discussions, the Special Committee concluded that it would not be able to reach an agreement with Carlson Capital with respect to Carlson Capital's latest $20.20 per share proposal based on other economic and non-economic terms and the Special Committee determined that it would dissolve.
|
RIOT $BTC | Hot Stocks16:54 EST Riot Blockchain reports December production, provides operations update - Riot Blockchain announced production and operations update for December 2021, including a further increase in estimated self-mining hash rate capacity for 2022, updates to the status of miner shipments and deployment, updates on the 400 MW infrastructure expansion at the company's Whinstone facility in Rockdale, Texas. In December, Riot produced 425 BTC, an increase of approximately 334%, as compared to the December 2020 production of 98 BTC. In Q4 2021, Riot produced 1,355 BTC, increasing approximately 349%, as compared to Q4 2020 production of 302 BTC. In 2021, Riot produced 3,812 BTC, increasing approximately 269%, as compared to 2020 production of 1,033. As of December 31, 2021, Riot held approximately 4,889 BTC, all produced by the company's self-mining operations. Riot currently has a deployed fleet of approximately 29,593 miners, with a hash rate capacity of 3.1 EH/s. In December 2021, Riot executed additional purchase orders totaling $301M with Bitmain Technologies for an additional 27,000 of their latest miner model S19XP - 140 TH/s -, with an anticipated delivery and deployment schedule set for July through December. As a result, the company anticipates having approximately 120,150 Antminers in operation, utilizing approximately 370 MW of energy, by Q4. Because of these purchase orders, Riot is increasing its 2022 estimated hash rate capacity by 3.8 EH/s to 12.8 EH/s, representing a 42% increase over the company's previous estimate of 9.0 EH/s. The increase in the estimated hash rate to 12.8 EH/s does not include any potential incremental hash rate production benefits associated with Riot's in-process build-out of 200 MW of immersion-cooled infrastructure at the Whinstone Facility.By Q4 2022, Riot anticipates a total self-mining hash rate capacity of 12.8 EH/s. Upon full deployment of all currently contracted miners, the company's total self-mining fleet will consume approximately 370 MW of energy.
|
GOL | Hot Stocks16:52 EST Gol Linhas announces preliminary traffic figures for December - GOL Linha announces preliminary air traffic figures for the month of December 2021, compared to the same period in 2020. GOL's total supply (ASK) increased 13.4%. Total seats increased 20.9% and the number of departures increased by 21.7%. GOL's total demand (RPK) increased by 14.7% and the load factor was 81.9%. GOL's domestic supply (ASK) increased 11.4% and demand (RPK) increased by 12.6%. GOL's domestic load factor was 81.9%. The volume of departures increased by 20.6% and seats increased by 19.9%. GOL's international supply (ASK) was 64 million, the demand (RPK) was 51 million and international load factor was 80.1%.
|
LAC | Hot Stocks16:51 EST Lithium Americas reports Millennial Lithium shareholder approval of transaction - Lithium Americas Corp. announced that approximately 98% of Millennial Lithium Corp. shareholders and warrantholders voted in favor to approve the acquisition by Lithium Americas of all of the issued and outstanding common shares of Millennial by way of a statutory plan of arrangement, as previously announced on November 17, 2021. Approval from Millennial shareholders and warrantholders is a pivotal step in the Transaction, and the parties are now in a position to proceed with the final court order and then closing of the Transaction, with closing expected to occur on or about January 25, 2022.
|
ZYME | Hot Stocks16:35 EST Zymeworks appoints Kenneth Galbraith as Chair and CEO, succeeding Tehrani - Zymeworks announced the appointment of Mr. Kenneth Galbraith as Chair and Chief Executive Officer, CEO, of Zymeworks, effective on or before February 1. Mr. Galbraith will succeed Zymeworks co-founder Ali Tehrani, Ph.D., who has served as President and CEO since 2003. Dr. Tehrani will remain as an advisor to the Company to assist with the transition. "Ken Galbraith is an outstanding global leader who brings more than 30 years of life science industry, venture capital and commercialization experience to Zymeworks, along with a proven track record of strong leadership and operational skills," said Lota Zoth, Zymeworks' current Board Chair. "The Board unanimously believes that Ken is the ideal leader to implement our next phase of development as we continue late-stage clinical trials for zanidatamab and expand our R&D pipeline. We thank and recognize Ali for his outstanding service in creating a solid foundation and advancing Zymeworks to a late-stage clinical company with valuable R&D programs, numerous productive pharmaceutical partnerships, and a high-quality management team."
|
AMCX | Hot Stocks16:35 EST AMC Networks acquires Sentai Holdings, terms undisclosed - AMC Networks announced it has completed the acquisition of Houston-based Sentai Holdings, a global supplier of anime content and official anime merchandise, with brands including the anime-focused HIDIVE direct-to-consumer subscription streaming service. The acquisition includes all of the member interests from Cool Japan Fund, a public-private Japanese investment fund. Sentai has its content available on Crunchyroll, Hulu and Amazon Prime, among others. AMC Networks has forecast its targeted streaming portfolio will have exceeded 9M paid subscribers by year-end 2021, with 20M-25M paid subscribers by 2025.
|
ROIV ESALY | Hot Stocks16:33 EST Roivant Sciences enters licensing agreement with Eisai for RVT-2001 - Roivant Sciences (ROIV) announced that it has entered into a licensing agreement with Eisai (ESALY) for exclusive global rights to the investigational agent RVT-2001, which will provide the lead program for a new subsidiary Vant. RVT-2001 is an orally available small molecule modulator of splicing factor 3B subunit 1 with over 80 human subjects exposed to date. Under the terms of the agreement, Eisai will receive an upfront payment, development and regulatory milestone payments, and royalties on sales revenue for RVT-2001. Roivant plans to develop RVT-2001 as a first-in-class therapy for transfusion-dependent anemia in patients with lower-risk myelodysplastic syndromes. The company intends to conduct a robust open-label expansion of an ongoing clinical trial for RVT-2001 this year.
|
STRO | Hot Stocks16:32 EST Sutro Biopharma reports interim data from dose-expansion cohort of STRO-002 - Sutro Biopharma provided a clinical update from the company's ongoing, fully enrolled, dose-expansion Phase 1 study of STRO-002, a folate receptor alpha-targeting antibody-drug conjugate, for patients with advanced ovarian cancer. "These interim data in the dose-expansion cohort showing deep responders in ovarian cancer patients treated with STRO-002 are compelling," said Dr. R. Wendel Naumann, Professor & Director of Gynecologic Oncology Research, Associate Medical Director of Clinical Trials at Levine Cancer Institute, and an investigator on the STRO-002 study. "Patients entered the study with progressive disease and were a heavily pre-treated population and had experienced up to three lines of prior treatment. The interim data show that STRO-002 could potentially improve the lives of an underserved ovarian cancer patient population." The dose-expansion cohort for ovarian cancer enrolled 44 patients who had experienced up to three prior lines of therapy. As of the interim data cutoff date of Nov. 8, 2021, 43 patients had been randomized into dose levels starting at 4.3 mg/kg and 5.2 mg/kg, and one patient had not yet been dosed. 81% of the patients were platinum-resistant, and 63% and 65% of the patients had been treated previously with bevacizumab and PARP inhibitors, respectively. Of the 43 patients, 33 had at least one post-baseline scan and, therefore, were evaluable for RECIST v1.1 responses. The company noted that a 33% objective response rate was observed in 33 RECIST evaluable patients across all FolRalpha expression levels and both dose levels. In addition, dose response was observed, with a 47% ORR in 17 patients who started at the 5.2 mg/kg dose level.
|
ETN | Hot Stocks16:31 EST Eaton completes acquisition of Royal Power Solutions for $600M - Eaton announced it has completed the acquisition of Royal Power Solutions, a U.S.-based manufacturer of high-precision electrical connectivity components used in electric vehicle, energy management, industrial and mobility markets. Under the terms of the agreement, Eaton paid $600M for Royal Power Solutions, which represents approximately 13.6 times the company's estimated 2022 EBITDA.
|
CRCT | Hot Stocks16:30 EST Cricut CFO Marty Petersen stepping down March 31, Kimball Shill to succeed - Cricut CFO Marty Petersen will retire effective September 30, and will transition out of the CFO role as of March 31. Kimball Shill, Executive VP of Operations, has been named his successor. Petersen joined Cricut in 2012 as CFO. Petersen will remain at the company as Executive VP and Senior Advisor through September 30, to ensure a smooth transition of responsibilities. Shill will assume the role of CFO effective April 1. Shill joined Cricut in 2019 as Senior VP of Operations and Quality. In 2020 he was promoted to Executive VP of Operations.
|
COST | Hot Stocks16:22 EST Costco reports December sales of $22.24B, up 16.2% - Costco reported net sales of $22.24B for the retail month of December, the five weeks ended January 2, an increase of 16.2% from $19.14B last year. For the 18 weeks ended January 2, the company reported net sales of $76.34B, an increase of 16.6% from $65.47B last year. December comparable sales were up 14.5% with e-commerce sales up 17.8% in the month.
|
NBTX | Hot Stocks16:19 EST Nanobiotix enrolls first patient in NANORAY-312 trial - Nanobiotix announced that the first patient has been enrolled in NANORAY-312, a global, open-label, two-arm, randomized, Investigator's Choice phase III registration study that is designed to investigate the efficacy and safety of radiotherapy-activated NBTXR3 with or without cetuximab versus radiotherapy with or without cetuximab in high-risk, chemotherapy-ineligible elderly patients with locally-advanced head and neck squamous cell carcinoma.
|
ILMN | Hot Stocks16:19 EST Illumina enters co-development partnership with SomaLogic - Illumina announced it has entered into a definitive co-development agreement with SomaLogic to bring the SomaScan Proteomics Assay onto Illumina's current and future high throughput next-generation sequencing platforms. This partnership accelerates the rapidly growing high throughput sector of the proteomics market. With the scale and speed of Illumina NGS technology, researchers can more effectively and efficiently make biological connections from genetic sequence to cellular function and accelerate opportunities for clinical impact. Proteomics is a natural extension of genomics, deepening researchers' understanding of biology and disease, yet conducting proteomics experiments at scale - with large numbers of proteins and large numbers of samples - was previously challenging. By combining the power of high-plexity Somascan technology with Illumina's existing and future high throughput NGS platforms, researchers will be able to analyze thousands of samples for more than 10,000 protein targets. The partnership will expand this capability over time through simple, automated analysis and cost efficiencies. As part of the agreement, Illumina will begin a multi-year development effort to integrate SomaLogic's protein target volume with Illumina's sequencing technologies, informatics toolsets and DRAGEN software to create a full end-to-end NGS workflow solution. As a result, researchers will access a more cost-effective, high throughput read-out capability for their multiomic assays on the same platform.
|
REAL | Hot Stocks16:19 EST RealReal reports December GMV $153M, up 40% y/y, to resume quarterly updates - The RealReal provided a business update. December gross merchandise value, GMV, was approximately $153M, an increase of 40% and 49% compared to the same periods in 2020 and 2019, respectively. December average order value, AOV, was approximately $518, an increase of 10% and 4% compared to the same periods in 2020 and 2019, respectively. Watches, Women's Shoes and Women's Apparel were the fastest growing categories in December. The RealReal believed that disclosing monthly GMV and AOV provided additional transparency regarding the effects of the COVID-19 pandemic on its business. Consistent with SEC guidance regarding the impacts of the COVID-19 pandemic, the company provided monthly GMV and AOV through the end of 2021. The company plans to return to a more typical quarterly and annual guidance cadence in 2022 and will no longer provide monthly business updates going forward.
|
PRVA HUM | Hot Stocks16:18 EST Privia Health enters capitated Medicare Advantage agreements - Privia Health Group (PRVA) announced that two of its Accountable Care Organizations in Florida and the Mid-Atlantic region have entered into capitated arrangements with HealthFirst Health Plan and Humana (HUM), respectively. These agreements will cover healthcare services provided to approximately 23,000 Medicare Advantage beneficiaries effective January 1, 2022. The company expects to recognize approximately $230M in practice collections and GAAP revenue in full-year 2022 related to these two arrangements. The per member per month care management fees will cover the cost of additional medical services to be provided under these contractual arrangements and will replace the significantly lower fee-for-service practice collections previously recognized for services rendered to these Medicare Advantage beneficiaries. The company's physician and practice expense will now include all medical costs covered under these contracts associated with these Medicare Advantage beneficiaries.
|
SLGC ILMN | Hot Stocks16:18 EST SomaLogic, Illumina to develop NGS-based proteomics products - SomaLogic (SLGC) announced a worldwide strategic collaboration with Illumina (ILMN). The multi-year partnership agreement will bring together genomics and proteomics technology platforms in a commercial partnership. In partnership, the companies will develop co-exclusive, co-branded, next-generation sequencing-based proteomics products. The financial terms of the deal were not disclosed.
|
KEQU | Hot Stocks16:14 EST Kewaunee Scientific changing domestic channel strategy - Kewaunee Scientific announced a change in its go-to-market channel strategy for the sale and distribution of its products. Kewaunee has historically sold products domestically through a network of dealers and distributors. In regions where those channel partners were insufficient to serve the market, Kewaunee has sold directly to general contractors or the end customer, capturing opportunities that otherwise might be missed. While Kewaunee's direct business has grown, it has also created inefficiencies that have adversely affected the profitability of the business. Kewaunee has secured long-term agreements with its two largest dealer partners, Nycom and ISEC. Territories where Kewaunee has historically sold direct will be covered by Nycom and ISEC. Nycom's expanded territory will now include New York, New Jersey, Delaware, and all of Pennsylvania. ISEC's expanded territory will include Illinois, Arkansas, and Oklahoma.
|
MYO | Hot Stocks16:13 EST Myomo amends Beijing Ryzur JV agreement - Myomo announced the entry into an amended and restated joint venture agreement with Beijing Ryzur Medical Investment Co., Ltd. and Wuxi Chinaleaf Rehabilitation Industry Equity Investment Fund, and the signing of a Technology License Agreement and a Trademark License Agreement with Jiangxi Myomo Medical Assistive Appliance Co. The Amended JV Agreement, the Technology License Agreement and the Trademark License Agreement are each effective December 29, 2021. The original Joint Venture Agreement was entered into on January 21, 2021. Under the Amended JV Agreement, Myomo will continue to own a 19.9% stake in the JV Company. Ryzur Medical will have a 65.1% ownership stake and Chinaleaf 15%. Among other provisions, the Amended JV Agreement provides for certain rights for Ryzur Medical as majority shareholder and fixes the per-unit price at which the JV Company will purchase MyoPro Control System units as part of its guaranteed annual minimum payment obligation, which remains unchanged at a minimum of $10.75 million in total over 10 years. Under the Technology License Agreement, the JV Company is licensing Myomo's intellectual property for an upfront license fee of $2.7 million, of which $0.2 million is payable within 30 days of the Effective Date, and the remaining $2.5 million is payable within 30 days of Myomo's capital contribution of $0.2 million to the JV Company, which is expected to be made immediately following receipt of the Initial Payment. The technology transfer to the JV Company will begin after receipt of the full license fee, which is expected before the end of the first quarter of 2022.
|
FNF | Hot Stocks16:12 EST Fidelity National names Mike Nolan as CEO, succeeding Randy Quirk - Fidelity National Financial announced that Mike Nolan, the company's current President, will assume the role of CEO of FNF. Concurrently, Randy Quirk, the company's current CEO, will assume the position of Executive Vice-Chairman on the company's Board of Directors. Both executive leadership changes will be effective as of February 1. Mike Nolan, who has been with the company for over 35 years and has served at all levels of leadership throughout the organization, will assume the expanded responsibilities of CEO and will lead all activities related to the growth and expansion of FNF's title insurance related businesses and operations, overall financial performance, and investor relations.
|
BLI | Hot Stocks16:12 EST Berkeley Lights begins search for new CEO, as current CEO Eric Hobbs transitions - Berkeley Lights announced that Eric D. Hobbs, Ph.D. will transition from his role as chief executive officer, CEO, and member of the board of directors to president of the Antibody Therapeutics business line. The Company is initiating a search for a new CEO as it continues to execute on its business strategy, including the successful addition of services to its portfolio of product offerings. Dr. Hobbs will continue to serve in his role as CEO and member of the board of directors until the appointment of his successor.
|
FIX | Hot Stocks16:11 EST Comfort Systems USA acquires MEP Holding and its subsidiaries - Comfort Systems USA announced that it has acquired MEP Holding Co., Inc., and its related subsidiaries, including Edwards Electrical & Mechanical, headquartered in Indianapolis, Indiana. Comfort Systems USA also announced that it has acquired a service and controls business headquartered in Richmond, Kentucky and a temporary staffing company based in Indiana. Edwards was founded in 1968 and performs electrical, mechanical and controls contracting services, as well as site improvement projects, in the Midwest region of the United States. Initially, Edwards is expected to contribute annualized revenues of approximately $85 to $95 million, and earnings before interest, taxes, depreciation, and amortization of $6 to $8 million. Finally, Comfort Systems USA announced that it has acquired Kodiak Labor Solutions, LLC. Kodiak is a temporary staffing agency that recruits and provides skilled labor, primarily in the Midwest and Eastern United States. Kodiak was acquired to augment labor resources and is not expected to make a material contribution to revenue on a stand-alone basis. Considering the required amortization expense related to intangibles and other costs associated with the transaction, these acquisitions are expected to make a neutral to slightly accretive contribution to earnings per share in 2022 and 2023.
|
CEMI | Hot Stocks16:09 EST Chembio Diagnostics appoints Larry Steenvoorden as CFO - Chembio Diagnostics announced the appointment of Larry Steenvoorden as CFO effective immediately. Steenvoorden served as a senior director at Accordion Partners, providing CFO advisory services to private equity backed companies for the past four years.
|
STRL | Hot Stocks16:08 EST Sterling Construction acquires special site development company Petillo - Sterling Construction Company entered into a Stock Purchase Agreement and closed on the acquisition of Petillo Incorporated and its related operating entities, on December 30, 2021. Petillo is a leading specialty site development solution provider in the Northeast and Mid-Atlantic. Founded in 1994 by owner and CEO Michael Petillo, Petillo has seen compound revenue growth from 2017 to 2021 of 29% through continued expansion of its geographic footprint, customer base and service offerings. Petillo's 2021 revenues and income from operations are expected to be approximately $212 million and $29 million, respectively. "We are excited to welcome the Petillo team, its culture and capabilities into our E-infrastructure solutions sector," said Joe Cutillo, Sterling's Chief Executive Officer. "Their entrepreneurial spirit focused on delivering customer-centric solutions coupled with their geographic footprint will enable us to service our key blue-chip e-commerce customers up and down the entire East Coast with even more offerings than we had before. Petillo's capabilities along with our current Plateau capabilities will not only create one of the largest specialty site development companies in the U.S. but will also add broader capabilities and service offerings to both end markets." The aggregate consideration of $195 million paid on the Closing Date consisted of $175 million of cash and 759,447 shares of Sterling common shares valued at $20 million. Additionally, under the purchase agreement, upon the satisfaction of achieving the specified annual operating income growth thresholds, and certain other conditions, the sellers are entitled to earn-out payments not to exceed $20 million over the next five years. The Company also entered into a five-year employment agreement with Michael Petillo, which provides for five equal annual retention payments totaling $15 million. Effective December 29, 2021, Sterling entered into a Third Amendment to it's Credit Agreement (the "Amendment") which, among other provisions, increased the Company's Existing Term Loans through a new incremental $140 million term loan with the same maturity as the Existing Term Loans to fund a portion of the Petillo acquisition. The Amendment was led by BMO Capital Markets Corp, as Joint Lead Arranger and Joint Book Runner, and BMO Harris Bank N.A., as Administrative Agent. The balance of the Base Purchase Price, together with acquisition related costs, was funded from Sterling's cash balance.
|
DDOG AMZN | Hot Stocks16:06 EST Datadog announces strategic partnership with Amazon Web Services - Datadog (DDOG) announced a global strategic partnership with Amazon Web Services (AMZN). As part of this collaboration, AWS and Datadog will work together to develop and deliver tighter product alignment in the future.
|
BLI | Hot Stocks16:05 EST Berkeley Lights begins search foe new CEO, as current CEO Eric Hobbs transitions - Berkeley Lights announced that Eric D. Hobbs, Ph.D. will transition from his role as chief executive officer, CEO, and member of the board of directors to president of the Antibody Therapeutics business line. The Company is initiating a search for a new CEO as it continues to execute on its business strategy, including the successful addition of services to its portfolio of product offerings. Dr. Hobbs will continue to serve in his role as CEO and member of the board of directors until the appointment of his successor.
|
PRMW | Hot Stocks16:02 EST Primo Water acquires Belgium-based Sip/Well - Primo Water has acquired Sip-Well, a distributor of water solutions in Belgium. SipWell offers cooler models as well as a unique bottle design to more than 20,000 customers. SipWell has been operating in Belgium since 1993 and has a centrally positioned water source and production site with significant capacity to grow.
|
GDDY | Hot Stocks16:02 EST GoDaddy names Roger Chen as COO, effective January 3 - GoDaddy announced Roger Chen assumed the role of COO, effective January 3. Chen will continue to report to GoDaddy CEO Aman Bhutani. Chen joined GoDaddy in 2015 as Vice President of Asia, and in 2018, he was promoted to Senior Vice President of the Asia Pacific region. In 2020, he became President of GoDaddy's Domain Registrars and Investors Business.
|
HAS | Hot Stocks16:01 EST Hasbro names Chris Cocks CEO - Hasbro announced that its Board of Directors has appointed Chris Cocks as Chief Executive Officer and member of the Board of Directors, effective February 25, 2022. Cocks currently serves as President and Chief Operating Officer of Hasbro's Wizards of the Coast and Digital Gaming division, a global leader in tabletop and digital gaming. He will succeed Interim CEO, Rich Stoddart, who was appointed following the October passing of Hasbro's longtime CEO Brian Goldner. Stoddart, who has served as a Hasbro independent director since 2014, will become Chair of the Board, effective February 25, 2022. Tracy Leinbach, current Chair of the Board, said: "Chris's appointment marks the culmination of an extensive and thoughtful candidate review and selection process led by the Board. In Chris, we have chosen a leader uniquely positioned to execute and evolve Hasbro's Brand Blueprint strategy while continuing to generate growth and deliver strong shareholder returns. Chris's extensive omni-channel experience and proven track record make him the ideal leader for Hasbro as it continues to become the world's leading play and entertainment company. On behalf of the Board, we thank Rich for serving as Interim CEO during a difficult time for the Hasbro family and are delighted he will serve as Chair of our Board."
|
JNJ | Hot Stocks15:19 EST SRI International announces collaboration agreement with Janssen - SRI International announced the company has entered into a collaboration agreement with Janssen Pharmaceutica NV, one of the Janssen Pharmaceutical Companies of Johnson & Johnson. Under the terms of the agreement, the organizations and their scientists will leverage SRI's SynFini platform, an artificial intelligence-guided, automated synthetic- chemistry system for small molecule drug discovery. The agreement was facilitated by Johnson & Johnson Innovation, the company said. "The SynFini platform is designed to accelerate the "design-make -test" cycle of multi- parametric optimization in small molecule hit-to-lead and lead optimization. Streamlining these steps with a highly data driven process in drug discovery has the potential to bring new drugs to the patients who need them faster and more cost effectively," SRI said.
|
SOHO | Hot Stocks15:05 EST Sotherly Hotels CEO 'pleased' with preliminary operating results for Q4 - Sotherly Hotels reported preliminary operating results for the company's twelve wholly-owned properties, or "actual" portfolio metrics, that does not include the participating condominium hotel rooms of the Hyde Resort & Residences and the Hyde Beach House. Preliminary actual portfolio occupancy in Q4 was 54.1%, ADR was 152.88 and RevPAR was 82.08, the company reported. "We're pleased with these preliminary results for the quarter, which display the continued improvement in operating fundamentals on a monthly basis. Despite ongoing disruption caused by new COVID variants, we believe our industry is in a sustained recovery and believe our portfolio is well positioned to outperform our peers," commented Dave Folsom, the company's President and CEO.
|
EFX... | Hot Stocks15:01 EST CFPB says Equifax, TransUnion, Experian 'routinely failed' to respond to errors - A new analysis by the Consumer Financial Protection Bureau, or CFPB, reveals how changes in complaint responses provided by nationwide consumer reporting companies "resulted in fewer meaningful responses and less consumer relief," the agency stated in a press release. In 2021, Equifax (EFX), Experian (EXPGY), and TransUnion (TRU) together reported relief in response to less than 2% of covered complaints, down from nearly 25% of covered complaints in 2019, the CFPB stated, adding that the trio "routinely failed to fully respond to consumers with errors." CFPB Director Rohit Chopra said: "America's credit reporting oligopoly has little incentive to treat consumers fairly when their credit reports have errors. Today's report is further evidence of the serious harms stemming from their faulty financial surveillance business model." Reference Link
|
VZ | Hot Stocks14:48 EST Verizon says 5G Ultra Wideband coming to 100M people in U.S. this month - Verizon announced that "more than 100 million people in 1,700-plus cities around the nation will have access to speeds up to 10x faster than 4G LTE via Verizon 5G Ultra Wideband network" as of this month. "This massive launch will put incredible speeds, reliability and security in the hands of our customers and amplifies our offering of reliable home and business broadband options to more places around the country, well ahead of the commitment we made last year. As 5G Ultra Wideband becomes available to more and more people and businesses, it will allow our customers to do more amazing things. We've already proven our success with Fios broadband in the Northeast, and now we will give millions more consumers and business owners around the country a real choice in how they get their internet," said Hans Vestberg, Chairman and CEO of Verizon. The company added: "Today's news also accelerates Verizon's wireless broadband expansion, opening up choice for people and businesses in cities around the country. With the addition of C-band later this month, millions more homes and businesses will be covered by Verizon's wireless home broadband service. 5G Home and 5G Business Internet enables customers to take advantage of all the speed and security of 5G with a simple, easy set-up and without annual contracts and other complications."
|
ASTR | Hot Stocks14:34 EST FAA issues commercial space transportation license to Astra Space - In an authorization letter dated January 4 for Commercial License Number VOL 22-124 that was posted to the FAA website, the agency stated that Astra Space is authorized to conduct pre-flight ground operations at Space Launch Complex 46 at Cape Canaveral Space Force Station associated with the flight of the Astra Rocket v3.3 launch vehicle. Reference Link
|
KSU... | Hot Stocks13:47 EST North American rail traffic fell 8.4% in week ended January 1 - The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending January 1, as well as volumes for December. U.S. railroads originated 1,135,835 carloads in December, up 3.1%, or 33,918 carloads, from December 2020. U.S. railroads also originated 1,224,780 containers and trailers in December, down 8.2%, or 109,729 units, from the same month last year. Combined U.S. carload and intermodal originations in December were 2,360,615, down 3.1%, or 75,811 carloads and intermodal units from December 2020. "For most categories, rail traffic in 2021 was substantially higher than in 2020," said AAR Senior Vice President John T. Gray. "On the carload side, chemicals set a new annual record and grain had its best year since 2008. Coal carloads were up substantially because of sharply higher natural gas prices, while carloads of motor vehicles suffered as microchip shortages forced automakers to cut output. For intermodal, a record-setting first half gave way to a lower second half as supply chain challenges persisted. Still, 2021 was the second-best U.S. intermodal year ever, behind only 2018." Total U.S. weekly rail traffic was 395,371 carloads and intermodal units, down 6.3% compared with the same week last year. Total carloads for the week ending January 1, were 205,836 carloads, up 1.7% compared with the same week in 2020, while U.S. weekly intermodal volume was 189,535 containers and trailers, down 13.7% compared to 2020. Total U.S. weekly rail traffic was 395,371 carloads and intermodal units, down 6.3% compared with the same week last year. North American rail volume for the week ending January 1, on 12 reporting U.S., Canadian and Mexican railroads totaled 279,411 carloads, down 3.4% compared with the same week last year, and 248,188 intermodal units, down 13.5% compared with last year. Total combined weekly rail traffic in North America was 527,599 carloads and intermodal units, down 8.4%. North American rail volume for the first 52 weeks of 2021 was 35,585,222 carloads and intermodal units, up 4.5% compared with 2020. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Kansas City Southern (KSU), Norfolk Southern (NSC), Union Pacific (UNP), FreightCar America (RAIL),Trinity Industries (TRN) and Greenbrier (GBX). Reference Link
|
EGRX | Hot Stocks13:41 EST Eagle Pharmaceuticals to ship vasopressin on January 17, provides updates - The company will begin shipping its recently approved vasopressin product on Monday, January 17, 2022, with 180 days of marketing exclusivity. Vasostrict U.S. sales totaled $890M for the LTM ended September 30, 2021, Eagle said in a statement. On February 1, 2022, the company will launch PEMFEXY, a ready-to-use liquid with a unique J-code. Eagle has been building inventory and believes this is a significant opportunity. Based on discussions with the U.S. Food and Drug Administration, the company will commence human pilot studies of its fulvestrant product candidate for the treatment of HR+/HER- advanced breast cancer shortly. The company is on track to submit a new drug application in the first half of 2022, seeking approval of Landiolol, a novel therapeutic, for the short-term reduction of ventricular rate in patients with supraventricular tachycardia, including atrial fibrillation and atrial flutter. The company is preparing to begin clinical trials for CAL02, a novel approach to the treatment of severe bacterial pneumonia, later this year. "Our business is off to a very strong start this year. With our launch of vasopressin now and PEMFEXY on February 1, we believe that our products will do very well. We are advancing our other pipeline products as we expect to submit an NDA for Landiolol in the first half of this year and to begin our clinical studies for CAL02 later this year. We are also pleased to be moving forward with our fulvestrant product and expect to begin our next clinical studies soon," stated Scott Tarriff, President and CEO of Eagle.
|
LAZR | Hot Stocks13:17 EST Luminar, Volvo Cars announce plans for next gen SUV to be revealed in 2022 - Luminar and Volvo Cars revealed at CES in Las Vegas the launch plans for the all electric next generation SUV. "Luminar's vision is to democratize next-generation safety and autonomy, and we're already seeing this become a reality with the first vehicle launching on Volvo's new platform," said Austin Russell, Founder and CEO. "With Luminar as standard on every vehicle, their next SUV has the opportunity to be the safest vehicle ever produced, while also being the first to enable true autonomy and at highway speed." The first introduction of Volvo Cars' Ride Pilot, an unsupervised autonomous driving capability for highways, will be introduced to customers in the state of California first once it has been verified as safe for use and planned to be available as an add-on subscription, the companies said in a statement. As part of this verification process, Volvo Cars has applied for a testing permit with the California Department of Transportation and intends to begin testing on highways in the middle of the year.
|
MU | Hot Stocks13:05 EST Micron: Q2 to be more back-end loaded than originally anticipated, but on track - Comments taken from the JPMorgan Tech/Auto Forum.
|
CARR | Hot Stocks13:02 EST Automated Logic acquires Integrated Control Systems, terms not disclosed - Automated Logic Contracting Services has acquired the business of Integrated Control Systems Inc, an independent Automated Logic controls contractor with offices in Arizona, Colorado and New Mexico. Automated Logic is a part of Carrier Global Corporation. ICSI is a total solutions provider of automated building controls for a wide range of customer segments including schools, colleges and universities, government and commercial offices, data centers and healthcare facilities. ICSI became an Automated Logic dealer in 1996 and excels in providing control and automation system solutions that exceed customer expectations for quality, responsiveness and value. Terms of the transaction were not disclosed.
|
MSFT UBSFY | Hot Stocks12:34 EST Ubisoft says Ubisoft+ coming to Xbox - Ubisoft (UBSFY) confirmed it is bringing Ubisoft+, its game subscription service, to Xbox (MSFT). "Expect more news in the future," the company tweeted, confirming that "Rainbow Six Extraction" will launch on Xbox Game Pass and PC Game Pass on launch day. Reference Link
|
GM... | Hot Stocks12:19 EST BrightDrop signs electric van pact with Walmart, expands FedEx collaboration - BrightDrop, an electric delivery spinoff of General Motors (GM), announced it is adding Walmart (WMT) to its growing roster of customers, and expanding its relationship with FedEx (FDX). Walmart signed an agreement to reserve 5,000 of BrightDrop's EV600 and smaller EV410 electric delivery vans to support the retail giant's growing last mile delivery network and goal of operating a zero-emissions logistics fleet by 2040. FedEx has signed an agreement with BrightDrop reserving priority production for 2,000 electric delivery vans over the next few years. This agreement adds to FedEx's initial reservation of 500 BrightDrop EVs announced last year. In addition, FedEx is working on a plan to add up to 20,000 more in the years to follow, subject to further negotiations and execution of a definitive purchase agreement. FedEx also unveiled plans to expand its testing of BrightDrop's EP1 electrified container to 10 markets beginning in 2022. Reference Link
|
CTEK | Hot Stocks12:17 EST CynergisTek announces three-year contract with medical system - CynergisTek announced it has signed a 6-figure, multi-year Resilience Partner Program agreement to provide annual cybersecurity risk assessments, testing, and advisory services for a community-owned medical system. This alliance will allow the healthcare system to reduce its risk of a cyber-attack and help them achieve its cybersecurity goals, the company said in a statement. "We look forward to serving this client with our Resilience Partner Program and we understand the need to provide healthcare organizations support to not only discover gaps, but to also figure out how to prioritize remediation and stick around for advisory support," said Mac McMillan, CEO, and President at CynergisTek.
|
MSFT UBSFY | Hot Stocks12:09 EST Ubisoft's 'Rainbow Six Extraction' to launch on Xbox Game Pass on day one - Microsoft (MSFT) said that Ubisoft's (UBSFY) upcoming shooter "Rainbow Six Extraction" will launch on Xbox One, Xbox Series X/S, and PC on January 20 and will release day one with Xbox Game Pass for console, PC, and cloud. "Sharing in our commitment to bring fans new and exciting games on day one, Ubisoft also announced today their intent to bring Ubisoft+ to Xbox platforms in the future," Microsoft added. "This will be a great addition for fans who will have even more ways to access the games and experiences they love on Xbox." Reference Link
|
CWK | Hot Stocks12:04 EST Cushman & Wakefield acquires operations of Pacific Commercial Realty Advisors - Cushman & Wakefield announced that the firm has acquired the operations of long-time alliance member Pacific Commercial Realty Advisors located in Central California and Idaho. The acquisition comprises PACCRA's offices in Bakersfield, Fresno and Santa Clarita, California and Boise, Idaho. PACCRA, an alliance member of Cushman & Wakefield since 2012, is owned and operated by partners Vincent Roche, Duane Keathley, Jeff Andrew and Wayne Kress and has over 40 brokers with exemplary expertise and deep roots in the markets they serve. The PACCRA team specializes in commercial real estate property of all types, including industrial, office, retail, hospitality, investment, land and multifamily, and has experience in a variety of service areas, including tenant representation, landlord representation, property disposition, buyer representation, valuation & consulting, financial management, property management and building operations.
|
SONY | Hot Stocks12:04 EST Sony's PlayStation confirms PSVR2, new 'Horizon' VR title - Hideaki Nishino, senior VP of Platform Experience at Sony's PlayStation, confirmed the name of the next generation virtual reality system for the PlayStation 5 console: PlayStation VR2, as well as the new VR controller, known as PlayStation VR2 Sense controller. "PlayStation VR2 takes VR gaming to a whole new level, enabling a greater sense of presence and allowing players to escape into game worlds like never before," Nishino said. "With the headset on and controllers in hand, players will feel a heightened range of sensations unlike any other - thanks to the creativity of the game worlds being built by our world class developers, and the latest technology incorporated into the hardware." Nishino also revealed that a new game in Sony's "Horizon" franchise called "Horizon Call of the Mountain" will be coming to PSVR2. "This original game is being built specifically for PS VR2 and will open the doors for players to go deeper into the world of Horizon," he said. Reference Link
|
DNA | Hot Stocks12:00 EST Ginkgo Bioworks falls -10.3% - Ginkgo Bioworks is down -10.3%, or -82c to $7.16.
|
BKSY | Hot Stocks12:00 EST BlackSky falls -10.5% - BlackSky is down -10.5%, or -52c to $4.43.
|
NYC | Hot Stocks12:00 EST New York City REIT falls -13.8% - New York City REIT is down -13.8%, or -$1.69 to $10.60.
|
SQNS | Hot Stocks12:00 EST Sequans rises 15.9% - Sequans is up 15.9%, or 77c to $5.61.
|
FATH | Hot Stocks12:00 EST Fathom rises 18.5% - Fathom is up 18.5%, or $1.14 to $7.29.
|
EVTL | Hot Stocks12:00 EST Vertical Aerospace rises 41.2% - Vertical Aerospace is up 41.2%, or $2.89 to $9.90.
|
LIFE | Hot Stocks11:59 EST aTyr Pharma treatment of sarcoidosis granted FDA orphan designation - aTyr Pharma's treatment of sarcoidosis was granted FDA orphan designation, according to a post to the agency's website. Reference Link
|
MGI | Hot Stocks11:34 EST MoneyGram announces minority investment in Coinme - MoneyGram International announced that the Company has completed a strategic minority investment in Coinme, a cryptocurrency cash exchange in the U.S. This venture, which gives the Company an approximate 4% ownership stake in Coinme, closes out Coinme's Series A financing. MoneyGram announced its original partnership with Coinme in May 2021 to create a crypto-to-cash model by building a bridge to connect bitcoin to local fiat currency. The partnership further expanded access to bitcoin by creating thousands of new point-of-sale locations to buy and sell bitcoin. MoneyGram and Coinme have additional initiatives in the pipeline that are expected to continue to increase the value of the partnership. Coinme was founded in 2014 and currently operates in 48 states with plans to expand internationally in the near future.
|
EVTL | Hot Stocks11:10 EST Broadstone Acquisition Corp trading resumes
|
RXT AMZN | Hot Stocks11:04 EST Onica announces deployment relationship with AWS on EMS - Onica by Rackspace Technology announced its deployment relationship with AWS on Emissions Monitoring and Surveillance. EMS is a new solution to help facility engineers, operations general managers, and environmental teams see direct measurements of emissions so they can quickly act, driving down per-unit-volume carbon intensity, reducing equipment failures and safety incidents, retaining product volume, and curtailing environmental impacts through Leak Detection and Repair
|
EVTL | Hot Stocks11:04 EST Broadstone Acquisition Corp trading halted, volatility trading pause
|
PKE | Hot Stocks10:46 EST Park Aerospace announces business partner agreement with ArianeGroup - Park Aerospace announced that it has entered into a Business Partner Agreement with ArianeGroup SAS of Les Mureaux, France. Under the Business Partner Agreement, ArianeGroup SAS appointed Park as its exclusive North American distributor of ArianeGroup's RAYCARB C2 B NG proprietary product, which is used to produce ablative composite materials for rocketry and missile systems.
|
OESX | Hot Stocks10:45 EST Orion Energy acquired Stay-Lite Lighting for $3.7M in cash - In a regulatory filing, Orion Energy said it acquired all of the issued and outstanding capital stock of Stay-Lite Lighting, a nationwide lighting and electrical maintenance service provider, for a cash purchase price of $3.7M, subject to normal and customary closing adjustments. In addition, depending upon the relative gross profit growth of Stay-Lite Lighting's legacy business over the next two calendar years, the company could pay up to an additional $700,000 in earn-out related purchase price, it added.
|
T | Hot Stocks10:18 EST AT&T CEO: 'Our best days are yet to come'
|
T | Hot Stocks10:18 EST AT&T still working to 'streamline' operations, says CEO John Stankey - Comments taken from Citi's AppsEconomy Conference.
|
VIVO | Hot Stocks10:16 EST Meridian Bioscience announces FDA clearance for Curian Campy assay - Meridian Bioscience announced that the Curian Campy assay has received U.S. Food and Drug Administration clearance. The Curian Campy assay is a rapid, qualitative fluorescent immunoassay for the detection of a Campylobacter-specific antigen including C. jejuni, C. coli, C. upsaliensis, and C. lari in human fecal specimens, the company said in a statement. "Curian Campy follows last year's successful launch of our Curian HpSA assay and is the next step in expanding our Curian test menu for gastrointestinal infections," stated Wes Lindsey, Ph.D., Vice President Global Research and Development - Diagnostics.
|
RIVN... | Hot Stocks10:14 EST Rivian drops after Amazon announces collaboration with Stellantis - Rivian (RIVN) dropped 4.6% to $96.65 after partner Amazon (AMZN) announced a series of global, multi-year agreements with Stellantis (STLA). Stellantis and Amazon will collaborate to deploy Amazon's technology and software expertise across Stellantis' organization, including vehicle development, building connected in-vehicle experiences, and training the next generation of automotive software engineers, the companies said in a statement earlier.
|
HAS | Hot Stocks10:05 EST Hasbro, Creative Kids enter partnership for new Play-Doh compounds - Creative Kids is pleased to announce a new partnership with Hasbro to produce a variety of new Play-Doh branded products in 2022. Through this multi-year, multi-national licensing agreement, Creative Kids and Hasbro will introduce a full line of Play-Doh toys with new twists in the Air Dry & Modeling Clay compounds space. The partnership is a close collaboration between both Creative Kids' and Hasbro's product development and marketing teams. Together, the brands are working on a multitude of compounds new to Play-Doh products, including modeling clay and other assortments to offer new creative play experiences. The first products will launch in Spring 2022 for all distribution channels and will be supported by a dynamic marketing campaign
|
OESX | Hot Stocks10:04 EST Orion Energy acquires Stay-Lite Lighting, terms not disclosed - Orion Energy Systems announced the acquisition of Stay-Lite Lighting, a nationwide lighting and electrical maintenance service provider. The acquisition accelerates the growth of the Orion Maintenance Services business, which provides lighting and electrical services to customers. An active member of the International Association of Lighting Management Companies, Stay-Lite Lighting provides self-performing services such as indoor and outdoor lighting repairs, sign repairs, and manufacturer warranty support, among other services. Stay-Lite Lighting will operate as Stay-Lite, an Orion Energy Systems business. Stay-Lite Lighting has annual revenues of approximately $9M.
|
IZEA | Hot Stocks10:03 EST IZEA awarded contract expansion by global Fortune 20 technology company - IZEA Worldwide announced that it was awarded a multi-million dollar contract expansion by a Global Fortune 20 technology company. The new award builds upon a string of contracts the company has committed to IZEA throughout 2021. IZEA will be executing influencer marketing campaigns across multiple social media platforms throughout 2022 as part of the contract.
|
OPCH | Hot Stocks10:01 EST Option Care Health, WellSky launch CommonWell services in all 50 states - WellSky and Option Care Health announced they will launch CommonWell Health Alliance services in Quarter 2 of 2022, enabling better care coordination for the more than 250,000 unique patients Option Care Health serves annually. Option Care Health will be one of the first WellSky clients to go live with the CommonWell network and its bridge to the Carequality framework. CommonWell is a not-for-profit trade association that is dedicated to creating universal access to health data via a person-centered, nationwide network. Option Care Health will join CommonWell through WellSky's innovative interoperability fabric, WellSky I/O, accessible within WellSky's electronic health record system.
|
CTKB | Hot Stocks10:01 EST Cytek Biosciences expands Fremont headquarters, tripling manufacturing capacity - Cytek Biosciences announced that it has opened a new facility in Fremont, California - tripling its current manufacturing capacity in order to meet growing global demand for cell analysis solutions. In addition to the new Fremont location, Cytek has also opened new offices in Seattle, Washington, which are dedicated to key R&D initiatives and customer application support, the company said in a statement. The Fremont facility is approximately 100 thousand square feet, is located about one mile from the original headquarters and became fully operational in October 2021. "This new facility supports our commitment to develop tools that will advance the next generation of cell analysis and become the partner of choice for players throughout the life sciences field," said Dr. Wenbin Jiang, CEO of Cytek Biosciences. "Our team successfully transferred all manufacturing processes to the new facility without skipping a beat in our production schedule."
|
BAESY | Hot Stocks10:00 EST BAE Systems awarded $137M contract from U.S. Navy - BAE Systems has been awarded a five-year contract, worth up to $137M, to provide lifecycle management and sustainment of the U.S. Navy's command, control, communications, computers, combat systems, intelligence, surveillance, and reconnaissance systems. Under this contract, awarded in November, the company will also train military personnel on how to operate the C5ISR systems.
|
CRM | Hot Stocks10:00 EST Salesforce falls -5.7% - Salesforce is down -5.7%, or -$14.17 to $234.06.
|
NLSN | Hot Stocks10:00 EST Nielsen falls -5.8% - Nielsen is down -5.8%, or -$1.25 to $20.14.
|
W | Hot Stocks10:00 EST Wayfair falls -6.7% - Wayfair is down -6.7%, or -$12.39 to $173.89.
|
CPG | Hot Stocks10:00 EST Crescent Point Energy rises 8.1% - Crescent Point Energy is up 8.1%, or 46c to $6.13.
|
NEX | Hot Stocks10:00 EST NexTier Oilfield rises 9.0% - NexTier Oilfield is up 9.0%, or 44c to $5.34.
|
CCJ | Hot Stocks10:00 EST Cameco rises 9.2% - Cameco is up 9.2%, or $2.18 to $25.82.
|
NLSN | Hot Stocks09:47 EST Nielsen falls -6.5% - Nielsen is down -6.5%, or -$1.39 to $20.00.
|
CRM | Hot Stocks09:47 EST Salesforce falls -6.3% - Salesforce is down -6.3%, or -$15.60 to $232.63.
|
AZRE | Hot Stocks09:47 EST Azure Power falls -6.3% - Azure Power is down -6.3%, or -$1.12 to $16.63.
|
EVTL | Hot Stocks09:47 EST Vertical Aerospace rises 5.6% - Vertical Aerospace is up 5.6%, or 39c to $7.40.
|
CPG | Hot Stocks09:47 EST Crescent Point Energy rises 6.3% - Crescent Point Energy is up 6.3%, or 36c to $6.03.
|
CCJ | Hot Stocks09:47 EST Cameco rises 7.7% - Cameco is up 7.7%, or $1.83 to $25.47.
|
TRSSF | Hot Stocks09:32 EST TerrAscend appoints Ziad Ghanem as president, COO - TerrAscend announced the appointment of Ziad Ghanem as President and COO, effective immediately. Mr. Ghanem brings nearly two decades of experience in large-scale healthcare services, cannabis, pharmacy, and retail operations to TerrAscend where he will manage and oversee all operations. Most recently, Mr. Ghanem served as President of all markets at Parallel, a privately held, vertically integrated, multi-state cannabis operators in the U.S.
|
CYDY | Hot Stocks09:30 EST CytoDyn announces Phase 2 NASH clinical trial meets primary endpoint - CytoDyn announced results from the 350 mg weekly dose of its Phase 2 NASH clinical trial. The trial was conducted in two parts. Part 1 compared a 700 mg weekly dose and placebo in a double-blind randomized manner and Part 2 evaluated a 350 mg weekly dose as an open label study compared to the same placebo blinded arm. Results of the topline report will be announced when available. The primary endpoint, proton density fat fraction, is an MRI-derived biomarker for fatty deposition, while the secondary endpoint, cT1, is an iron-corrected T1 mapping representative of liver inflammation and fibrosis. These two values are used to evaluate the risk of NASH. CytoDyn's Phase 2 clinical trial compared the changes from baselines in these endpoints. The leronlimab 350 mg dose versus placebo comparison for the primary endpoint PDFF was statistically significant. Leronlimab compared to placebo also reached near significance for the secondary endpoint cT1. There were no significant differences in treatment emergent adverse events between leronlimab and placebo groups.
|
ISUN | Hot Stocks09:28 EST iSun awarded $29.3M contract for solar canopies - iSun announced that it has been selected to design and deliver an expected total of 1,780 off-grid solar canopies to be located at EV charging stations.
|
MYMD | Hot Stocks09:27 EST MyMD Pharmaceuticals says USPTO awards patent for sarcopenia treatment - MyMD Pharmaceuticals announced that the U.S. Patent and Trademark Office, USPTO, awarded to the company U.S. Patent 11,219,620 B2, titled "Method of Treating Sarcopenia." The patent will be issued on January 11. "This patent issuance is rewarding and timely as we launch our Phase 2 trial of MYMD-1 as a therapy for sarcopenia, frailty, and aging, which is currently recruiting patients," said Chris Chapman, M.D., President, Director and Chief Medical Officer of MyMD. "The issued claims protect the use of MYMD-1 in a method of treatment for the progressive and generalized loss of skeletal muscle mass and strength known as sarcopenia. Affecting up to 40% of the elderly, sarcopenia is strictly correlated with physical disability, poor quality of life and death. "We all know that aging cannot be prevented. However, aging can be delayed by targeting its mechanism of action, which is what we intend to demonstrate as MYMD-1 advances through the clinic," Dr. Chapman added... "In addition to the Phase 2 trial of MYMD-1 as a therapy for sarcopenia, frailty, and aging, MYMD-1's distinct action in regulating the immune system and treating chronic inflammation is being developed for the treatment of autoimmune diseases, including rheumatoid arthritis and inflammatory bowel diseases. MyMD is in ongoing preparation with IQVIA for an Investigational New Drug and protocol for a Phase 2 study of MYMD-1 for rheumatoid arthritis in early 2022," added the company in a recent release.
|
ZSAN | Hot Stocks09:22 EST Zosano Pharma announces publication of Phase 1 trial data on influenza vaccine - Zosano Pharma Corporation announced the publication of Phase 1 clinical trial data in an article titled, "Immunogenicity and Safety of Inactivated Influenza Split-Virion Vaccine Administered via a Transdermal Microneedle System" in the Journal of Vaccines and Immunology. The data demonstrated that a low dose of a trivalent influenza vaccine administered via its transdermal microneedle system produced antibody levels that met EMEA's three guidelines for influenza vaccine efficacy and was generally well tolerated. The single-center, randomized Phase 1 study enrolled 90 subjects between the ages of 18 to 40 years to receive a trivalent influenza vaccine containing strains A/H1N1, A/H3N2, and B. Volunteers were randomized to receive the vaccine either via a transdermal microneedle system patch worn for 5 minutes, the same patch worn for 15 minutes, or by intramuscular injection. Antibody levels were measured at Day 21 and compared to EMEA guidelines to assess immunogenicity of the treatment groups. All three EMEA criteria, including seroconversion rate, mean increase in hemagglutinin inhibition titer, and percentage of seroprotected subjects, were met for all three influenza strains in all treatment groups. Additionally, on day 21, most study participants considered microneedle patch application and removal to be less painful than intramuscular injection, and most considered the patch to be their first choice for mode of administration. The transdermal microneedle patch was generally well tolerated.
|
F | Hot Stocks09:20 EST Ford reports Q4 U.S. sales up 26.8% from Q3 to 508,451 vehicles - Ford said it was "the best-selling automaker in the fourth quarter" in the U.S. Ford sold 508,451 vehicles in the fourth quarter, a 26.8% increase over the third quarter, compared to an overall industry decline of approximately 3%, the company said. Ford said it begins 2022 with 247,000 vehicles in stock, up 22,000 from November, which it calls "the best stock position in the industry."
|
TACO | Hot Stocks09:19 EST Del Taco launches '20 under $2' value variety menu - Del Taco Restaurants expands its value offerings with the new "20 Under $2" menu. "While other brands are getting rid of their value menus, we are expanding ours to bring our guests a wider variety of items and flavors including our Crispy Chicken Tacos and Chicken Tacos Del Carbon packed with or without our fresh house-made guacamole," said Tim Hackbardt, Del Taco's Chief Marketing Officer. "We know our guests are concerned about rising gasoline prices and overall inflation, and that's why we think this is the right menu at the right time. The Del Taco 20 Under $2 Menu has variety, freshness, flavor and quality at affordable prices you can't find anywhere else."
|
TREX | Hot Stocks09:18 EST Trex Company appoints new US regional sales representatives - Trex Commercial has expanded its U.S. sales force with the appointment of two new regional sales representatives. Michael Angelo Scalze and Kyle Jorgenson share responsibility for the Midwest region "working together to grow business, drive sales and nurture relationships with specifiers and project managers in the commercial arena," the company said. They report to Tim White, vice president of sales for Trex Commercial.
|
F | Hot Stocks09:17 EST Ford reports December U.S. sales down 17.1% to 173,740 vehicles - Ford reported December total U.S. sales were down 17.1% to 173,740 vehicles and said retail sales were down 19.9% in the month versus the prior year. "Ford finished the year strong, as the only U.S. automaker hitting the half million sales mark in the fourth quarter, making Ford America's best-selling automaker. On the strong success of Mustang Mach-E, Ford jumped into second place in U.S. electric vehicle sales behind just Tesla. Last year was a foundational year for Ford in the electrified vehicle segment and this year we continue to expand, adding the F-150 Lightning and E-Transit to our electric vehicle lineup. Looking to the new year, Ford had just over 70,000 new vehicle orders in December, which will provide continued momentum into 2022," said Andrew Frick, vice president, Ford Sales U.S. and Canada.
|
ALGT... | Hot Stocks09:17 EST Allegiant Travel schedules Boeing 737 investor call for January 6 - Allegiant Travel Company (ALGT) has scheduled an investor call for Thursday, Jan. 6 at 12:00 p.m. EDT to discuss the agreement with Boeing (BA) to purchase 50 new 737 MAX aircraft as part of the airline's ongoing efforts to modernize and expand its fleet. A live broadcast of the conference call will be available through the company's Investor Relations website homepage at http://ir.allegiantair.com. The webcast will also be archived on the "Events & Presentations" section of the site.
|
NVCN | Hot Stocks09:15 EST Neovasc announces first patient enrollment in COSIRA-II trial - Neovasc announced enrollment of the first patient in the COSIRA-II clinical trial. COSIRA-II is a trial that will study the Neovasc Reducer, designed to reduce angina symptoms in patients with refractory angina. The results of this study will complement existing international safety and effectiveness data and support a pre-market approval application, PMA, to the U.S. Food and Drug Administration, FDA, for approval of the Reducer device in the United States. "We are pleased to commence COSIRA-II and grateful that the Centers for Medicare and Medicaid Services has determined the device and the procedure are eligible for reimbursement in the United States during the clinical trial," commented Fred Colen, Chief Executive Officer at Neovasc. "The coverage determination is a big win for us. COSIRA-II is a major investment for the Company."
|
WRAP | Hot Stocks09:13 EST Wrap Technologies announces sale of 15,000 cartridges for BolaWrap 100 - Wrap Technologies announced the international sale of 15,000 cartridges for its BolaWrap 100 remote restraint device. "This activity validates the International market's growing commitment to less use of force, not only in choosing to carry the BolaWrap, but in providing officers with ample opportunity to consistently and effectively train for field use," said Tom Smith, WRAP CEO & President. "WRAP is dedicated to designing and manufacturing best-in-class less-lethal force options, as well as ensuring that officers have the professional development opportunities necessary to make lasting changes to their use-of-force programs." Wrap received the order in late December of 2021 and the revenue is expected to be recognized in Q4 2021 and Q1 2022.
|
DOGZ | Hot Stocks09:13 EST Dogness International to expand product availability in top pet goods retailer - Dogness International announced that a "top pet goods retailer" will be expanding availability of Dogness Smart Pet Products in stores and online, building on Dogness' existing supplier relationship.
|
ALBO | Hot Stocks09:12 EST Albireo Pharma raises 2021 Bylvay sales view to $6M-$7M from $3M-$4M - Albireo Pharma updated guidance for Bylvay net sales, cash and the two Phase 3 clinical studies. Global Bylvay net sales in 2021 are expected to be $6-7 million, higher than previous guidance of $3-4 million. Unaudited cash and cash equivalents as of December 31, 2021 was at least $248 million, and the Company expects to have sufficient cash into 2024 based on current revenue and expense projections. Albireo has two ongoing Phase 3 studies which are progressing according to plan, with the BOLD study in biliary atresia passing the 50% enrollment milestone and the ASSERT study on track for topline data by the end of 2022. The Company has unaudited cash and cash equivalents of at least $248 million as of December 31, 2021 versus $262.6 million as of September 30, 2021, providing the Company with sufficient capital resources to fund the continued launch of Bylvay and advancement of its development programs as planned. Bylvay is a potent, non-systemic ileal bile acid transport inhibitor which was recently approved in the U.S. for the treatment of pruritus in patients 3 months of age and older in all types of PFIC, and in Europe for the treatment of all types of PFIC in patients aged 6 months or older. The Company continues to enroll and dose patients in the Phase 3 ASSERT study, a pivotal trial of Bylvay in patients with Alagille syndrome, and remains on track for topline data by the end of 2022. Biliary atresia is the most common pediatric cholestatic liver disease with no approved drug treatment. The Phase 3 BOLD study, which is the first and only pivotal trial of an IBATi in biliary atresia, has passed the 50% enrollment milestone and remains on track for topline data in 2024. The early development pipeline continues to advance. A3907, the first oral systemic ASBT inhibitor, is expected to enter Phase 2 for adult liver diseases and A2342, the first oral NTCP inhibitor being developed for hepatitis B and D, will begin first in human studies this year.
|
SRGA | Hot Stocks09:12 EST Surgalign acquires equity interest in Inteneural Networks - Surgalign announced it has acquired an equity interest in Inteneural Networks, INN, and its proprietary artificial intelligence technology for autonomously segmenting and identifying neural structures in medical images and helping identify possible pathological states. The company will also have the ability to acquire the remainder of INN's outstanding equity interests upon the achievement of certain regulatory, developmental, and revenue-based commercial milestones. "Our work with the team at INN has allowed us to fully appreciate the power of their AI technology and recognize this transaction will advance the vision of both organizations as we work to become a key player in applying AI and machine learning to healthcare," said Terry Rich, Surgalign's president and chief executive officer. Deal Rationale: "The integration of INN's innovative ML and AI technologies positions the Company as a leader in intelligent digital health. By bringing INN's intercranial capabilities to the HOLO platform, the Company can expand the applicability of HOLO into significant segments beyond spine, in particular neurosurgery," the company said. Deal Terms: On December 30, 2021, the company acquired 42% of the outstanding equity of INN for $21M, consisting of $5M in cash, promissory notes of approximately $10.6M and the Company's common stock valued at approximately $5.4M. Upon achievement of certain regulatory, developmental, and revenue-based commercial milestones, the company will have the ability to acquire the remaining 58% of INN in three equal tranches through 2027. The total consideration payable by the Company for 100% of INN's outstanding equity interests, assuming the achievement of all milestones, would be $79M. The Company will initially receive a non-exclusive royalty-free license to the INN technology. Upon the future acquisition of a majority of INN's outstanding equity interests, the license to INN's technology would become perpetual.
|
DTST | Hot Stocks09:10 EST Data Storage announces contract with professional sports team - Data Storage Corporation announced its wholly owned subsidiary, Flagship Solutions Group, has been awarded a multi-million dollar contract with one of the nation's most recognized professional sports teams. Under the agreement, the Company will provide a modernized and encrypted storage infrastructure to support the team, the stadium and its affiliates. The project will expand the security of the on-premise storage and cloud backup services, while empowering the team to get more value out of their data and mitigate security threats including ransomware. The project leverages IBM's High-Performance Storage, Data Resilience, Flash, Zero Trust Identities & Data and Power10 capabilities to predict threats, secure data and modernize the technology infrastructure.
|
YVR | Hot Stocks09:09 EST Liquid Media launches blockchain framework during 2022 Sundance Film Festival - Liquid Media Group announced the launch of its first blockchain film streaming with a slate of digital panel presentations during the upcoming hybrid 2022 Sundance Film Festival. Hosted via the Eluvio-Liquid Media blockchain framework, the original documentary film "Angst," produced by iNDIEFLIX CEO Scilla Andreen and designed to raise awareness around anxiety, will be streamed on-demand for a limited time via Eluvio's Content Fabric and Liquid's next-generation supply chain, following the festival. This global screening and NFT event will engage with global audiences. It will also provide blockchain-based community access to Angst's "Creative Coping Toolkit," which is designed to open up conversation and provide resources to help address mental health challenges in our communities. To introduce the "Angst" streaming, Liquid is planning to host a virtual panel conversation during Sundance on January 21, 2022 at 2PM MT. During the panel, Andreen will discuss the documentary and its impact, and explain the important contents of the Angst toolkit, which purchasers will access via NFT Tokens.
|
LCID NLSN | Hot Stocks09:09 EST Lucid Group, Nielsen's Gracenote partner on in-car entertainment experience - Nielsen's (NLSN) Gracenote and Lucid Group (LCID) have collaborated to bring innovative and intuitive audio features to the ground-breaking Lucid Air luxury electric vehicle. By integrating Gracenote's Smart Radio data and technology solutions, Lucid's elegant entertainment interface will seamlessly connect drivers and passengers to audio content from a range of sources to optimize the in-car entertainment experience.
|
APO | Hot Stocks09:08 EST Intrado announces it has acquired Permission Click - Intrado, which is controlled by affiliates of certain funds managed by Apollo Global Management, announced that it has acquired Permission Click, a pioneer in education technology. With this acquisition, Intrado Life & Safety expands its position in K-12 education technology, adding Permission Click's digital workflow solutions to its SchoolMessenger communications suite of solutions. "We are excited to add Permission Click and its team to our Digital Workflows business, expanding our solutions with a powerful tool and advancing our leadership in the education marketplace," said Vik Krishnan, General Manager of Intrado's Digital Workflows business. "The combination of SchoolMessenger and Permission Click solutions is unique in the K-12 education market and beyond."
|
DTGI | Hot Stocks09:08 EST Digerati Technologies closes acquisition of SkyNet Telecom - Digerati Technologies is pleased to announce the completion of the acquisition of San Antonio-based SkyNet Telecom, a leading provider of cloud communication and broadband solutions tailored for businesses. The acquisition of SkyNet expands the Company's footprint in Texas and increases its customer base by over 215% to 737 business customers in the Lone Star State. On a consolidated basis and as a result of this acquisition, Digerati's operating subsidiaries will now serve over 3,100 business customers and approximately 33,000 users in Texas and Florida, the 2nd and 4th largest state economies by GDP in the USA. Based on the quarter ending October 31, 2021 on an annualized basis, the Company expects its operating subsidiaries will generate $18.5 million in annual revenue with the addition of SkyNet. SkyNet is expected to have an immediate and positive impact on the consolidated EBITDA and operating income of the Company with additional improvements to be realized during FY2022 from the anticipated cost synergies and consolidation savings derived from this acquisition. The Company utilized its $20 million financing facility with Post Road Group to complete its acquisition of SkyNet Telecom.
|
TBLA | Hot Stocks09:06 EST Taboola announces new, multiyear deal with McClatchy - Taboola announced a new, multiyear deal with McClatchy, a local media company that operates in 30 markets across the United States. McClatchy reaches more than 65M unique readers monthly through its digital media properties, including The Sacramento Bee, The Charlotte Observer, The Kansas City Star, The Miami Herald, and the Fort Worth Star-Telegram. Under the deal, McClatchy will implement several Taboola products across its entire network of publishers, including Taboola Feed. In addition, McClatchy is testing Taboola Newsroom. "McClatchy's vision for creating deeper community connections and their approach to local news are noteworthy," said Adam Singolda, CEO and Founder, Taboola. "Local journalism helps communities thrive and McClatchy has both a network of well-known publishers and a reputation for quality journalism. Even more than that, I'm looking forward to working with the McClatchy team and taking a product-led approach to driving growth in years to come, specifically using editorial tech and data, as well as integrating high intent pages, to navigate users to their ultimate, personal experience."
|
VRNS | Hot Stocks09:06 EST Varonis achieves SOC 2 Type II compliance - Varonis Systems announced the completion of its Service Organization Control 2 Type II compliance audit. The audit verifies that DatAdvantage Cloud, Varonis' cloud-hosted solution that protects data in mission-critical SaaS and IaaS platforms, meets rigorous standards for data security, availability, confidentiality, and privacy. Developed by the American Institute of Certified Public Accountants, SOC 2 compliance is widely considered to be the gold standard for security, confidentiality, availability, privacy, and processing integrity. KPMG performed the audit, which included a review of Varonis' security control objectives, activities, and operating effectiveness against the AICPA's Security Trust Service Criteria. Varonis customers, prospects, and partners can receive the SOC 2 Report upon request - ask your sales team for details.
|
ZYXI | Hot Stocks09:05 EST Zynex files utility patent for sepsis monitor - Zynex has filed for a utility patent for its multi-parameter, noninvasive sepsis monitor. This submission follows a provisional patent application on sepsis monitoring the company filed in January 2021. Sepsis is a life-threatening medical condition characterized by the body-wide inflammatory response or reaction that presents in response to infection. The inflammatory response triggered by the immune response can cause body-wide tissue damage, even to areas not local to the initial infection. The low survival rate of patients with severe sepsis indicates that current sepsis identification strategies, tools, and methods may be lacking.
|
FAT | Hot Stocks09:05 EST Fat Brands' Johnny Rockets expands international footprint in South America - FAT Brands Inc., parent company of Johnny Rockets and 16 other restaurant concepts, has expanded its South American footprint with the addition of three new Johnny Rockets locations in Brazil and Chile. "We're thrilled by Johnny Rockets' recent growth on an international level," said Andy Wiederhorn, CEO of FAT Brands. "Johnny Rockets has become incredibly popular across South America, and we're proud to start off the year with the addition of three new locations in Brazil and Chile with an impressive development pipeline for 2022."
|
IAC | Hot Stocks09:04 EST IAC names Christopher Halpin as CFO, effective January 26 - IAC announced the appointment of Christopher Halpin as CFO, effective January 26. Halpin will join IAC from the National Football League, where, as NFL Executive Vice President and Chief Strategy & Growth Officer, he currently oversees all strategic growth and development opportunities, including the League's digital and sports betting strategies, data and analytics, and its expansion internationally. As CFO of IAC, Halpin will report to IAC CEO Joey Levin and oversee all corporate finance, accounting, M&A, investor relations and administration functions.
|
PACB | Hot Stocks09:03 EST Pacific Biosciences, Care4Rare consortium collaborate on rare disease study - PacBio and the Care4Rare Canada Consortium announced they are collaborating to study some of the most complex unexplained rare disease cases within Canada. Care4Rare, led out of the CHEO Research Institute affiliated with the University of Ottawa, includes 21 academic sites across Canada and is recognized internationally as a pioneer in the field of genomics and personalized medicine. There are more than 7,000 known rare diseases that impact approximately one million Canadians - two-thirds of the rare diseases cause significant disability, three-quarters affect children, more than half lead to early death, and almost none have any treatment. Further, the cause of more than one-third of these diseases is not yet known. PacBio's HiFi long-read whole genome sequencing technology will be used to study rare disease samples that have already been sequenced with short-read WGS technology, but for which no genetic variant was identified.
|
EVOL | Hot Stocks09:03 EST Evolving Systems announces its pending acquisition by PartnerOne is complete - Evolving Systems announced that its previously reported pending acquisition by PartnerOne has been completed. Under the terms of the agreement, PartnerOne has acquired all of the assets of Evolving Systems' Customer Acquisition and Network Services division as well as its CVML and Loyalty business. "We see Evolving Systems as the leader in the telecommunications market because of the critical role of its offering," said Jonathan Dionne, CFO of PartnerOne. "Evolving Systems has a very strong track record of winning large enterprise accounts, a blue-chip customer list and now with the strength of PartnerOne behind it, customers will greatly benefit. We are going to invest to make sure Evolving Systems remains the market leader."
|
ALGT... | Hot Stocks09:02 EST Allegiant Air orders up to 100 737 MAX jets - Boeing (BA) and Allegiant Air announced an order for 50 737 MAX jets, with options for 50 additional airplanes. In Boeing's first U.S. ultra-low cost carrier deal, Allegiant selected two models - the 737-7 and 737-8-200 - in the 737 MAX family, which provide the lowest seat-mile costs for a single-aisle airplane and high-dispatch reliability. Boeing and Allegiant will partner on entry-into-service support, enabling a smooth transition as the carrier adds the 737 into its operation. Allegiant will also utilize a suite of Boeing Global Services digital tools to further enhance operational efficiency. Allegiant currently operates a fleet of 108 Airbus (EDSY) A319 and A320 airplanes
|
CTRM | Hot Stocks09:01 EST Castor announces deliveries of M/V Magic Callisto, M/T Wonder Bellatrix - Castor Maritime announces the deliveries of two vessels. On December 23, 2021, it took delivery of M/T Wonder Bellatrix, the 2006 Korean-built Aframax LR2 tanker it had agreed to acquire as previously announced on December 7, 2021. On January 4, 2022, it took delivery of M/V Magic Callisto, the 2012 Japanese-built Panamax dry bulk carrier it had agreed to acquire as previously announced on December 20, 2021. Both vessel acquisitions were financed in their entirety with cash on hand. New Charter Agreements: The M/V Magic Horizon, a 2010 built Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $20,100. The charter commenced on December 20, 2021, and has a duration of about 100 days. The M/V Magic Venus, a 2010 built Kamsarmax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $29,000. The charter commenced on December 30, 2021, and has a duration of about 25 days.
|
ITRI | Hot Stocks08:58 EST Itron announces contract with SESCO - Itron announced that Syarikat SESCO Berhad, or SESCO, a subsidiary of Sarawak Energy, an energy development and vertically integrated electrical utility company located in Sarawak, Malaysia, signed a contract to deploy Itron's industrial IoT, or IIoT, solution. The solution, which will help Sarawak Energy improve operational efficiency and consumer engagement, includes Itron's communications network for 180,000 Advanced Metering Infrastructure, or AMI, endpoints as well as Operations Optimizer and UtilityIQ software-as-a-service. As part of the 15-year contract, Sarawak Energy will leverage Itron's Network-as-a-Service, or NaaS, to deploy, monitor and maintain the communications network. In 2018, Sarawak Energy collaborated with Itron on a project to deploy and operate Itron's IIoT network, including a pilot for 6,000 AMI endpoints.
|
HES | Hot Stocks08:53 EST Hess Corp. makes two discoveries in offshore Guyana - ExxonMobil said it made two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana. The Fangtooth-1 well encountered approximately 164 feet of high-quality oil-bearing sandstone reservoirs. The well was drilled in 6,030 feet of water and is located approximately 11 miles northwest of the Liza field. The Lau Lau-1 well encountered approximately 315 feet of high-quality hydrocarbon-bearing sandstone reservoirs. The well was drilled in 4,793 feet of water and is located approximately 42 miles southeast of the Liza field. These discoveries will add to the previously announced recoverable resource estimate for the block, of 10 billion oil-equivalent barrels.
|
XOM | Hot Stocks08:52 EST Exxon Mobil makes two discoveries in offshore Guyana - ExxonMobil said it made two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana. The Fangtooth-1 well encountered approximately 164 feet of high-quality oil-bearing sandstone reservoirs. The well was drilled in 6,030 feet of water and is located approximately 11 miles northwest of the Liza field. The Lau Lau-1 well encountered approximately 315 feet of high-quality hydrocarbon-bearing sandstone reservoirs. The well was drilled in 4,793 feet of water and is located approximately 42 miles southeast of the Liza field. These discoveries will add to the previously announced recoverable resource estimate for the block, of 10 billion oil-equivalent barrels.
|
DMAC | Hot Stocks08:47 EST DiaMedica Therapeutics appoints Kirsten Gruis, M.D. as CMO - DiaMedica Therapeutics announced the appointment of Kirsten Gruis, M.D. as Chief Medical Officer. Dr. Gruis is a board-certified neurologist with 20 years of experience in both clinical medicine and drug development in large and small biopharmaceutical companies. "We are delighted to welcome Dr. Gruis to the DiaMedica team as Chief Medical Officer," said Rick Pauls, CEO of DiaMedica. "Dr. Gruis has deep experience in neurology drug development and regulatory strategy which will be critical to the company as we advance ReMEDy2 towards pivotal data for DM199 in acute ischemic stroke. She is also a strong cultural fit with her career long focus on innovation and improving the lives of patients."
|
SBET | Hot Stocks08:43 EST SharpLink Gaming acquires FourCubed for $8.15M - SharpLink Gaming announced that it has acquired certain assets of FourCubed Management and 6t4 Company, including FourCubed's iGaming and affiliate marketing network focused on delivering quality traffic and player acquisitions, retention and conversions to iGaming operator partners worldwide. SharpLink has acquired certain assets of FourCubed for total consideration of $8.15M, which consists of $6.5M in cash and the issuance of approximately 600,000 restricted ordinary shares of SharpLink. The transaction also provides for an earn-out payment of up to approximately 600,000 additional restricted ordinary shares based on the acquired business achieving specific agreed-upon performance benchmarks. Rob Phythian, Co-Founder and CEO of SharpLink, stated, "The FourCubed strategic acquisition adds an industry respected operating team with decades of combined experience in conversion through affiliate marketing services and in securing highly profitable, recurring, net gaming revenue contracts with many of the world's leading iGaming operators... We believe that FourCubed's technology platform, its team's affiliate marketing expertise, as well as its approach to player conversions, can be readily adapted to SharpLink's platform, unleashing extraordinary value from our growing audience of sports fans as adoption of our C4 sports betting conversion technology continues to accelerate."
|
TAOP | Hot Stocks08:42 EST Taoping announces Hong Kong Data Center expansion plan - Taoping announced that it has begun an expansion project of Taoping G Cloud Hong Kong Data Center. The expansion is expected to be completed by the end of January 2022. The site for this expansion is located in Tsuen Wan, Hong Kong. The Company plans to deploy additional general-purpose servers suitable for Ethereum in the Center. Once complete, the computing capacity of the expanded Center can be doubled, with an estimated total hash rate of 700GH/s and expected to generate about 350 Ether per month by the first quarter of 2022. "We have made good progress on digital currency business since the launch of Taoping G Cloud Hong Kong Data Center," said Jianghuai Lin, Chairman and CEO of TAOP. "The expansion of the data center is expected to meet the Company's growing demand for cloud computing resources and support growth for related business."
|
BTCS | Hot Stocks08:41 EST BTCS to offer dividend of 5c per share payable in bitcoin - BTCS announced the first-ever dividend payable in Bitcoin by a Nasdaq-listed company, which the Company refers to as a Bividend. The Company also published a new investor presentation on its website to provide more insight regarding recent successes and future growth plans, as well as the underlying market dynamics expected to drive BTCS' growth in 2022. A Bividend is a dividend payable to our shareholders of record at their election in Bitcoin or cash. BTCS intends to pay $0.05 per share in Bitcoin, based on the Bitcoin price on the ex-dividend date. Investors who do not elect to receive the Bividend in Bitcoin will receive a cash dividend of $0.05. "We want to reward our long-time shareholders for their continued support and encourage financial freedom by providing the means to enable direct ownership of Bitcoin and other digital assets," stated Charles Allen, Chief Executive Officer of BTCS. "In the crypto space BTCS has a long history of firsts, including being the first pure-play U.S. public company focused on cryptocurrencies and blockchains, the first U.S. public company to mine Bitcoin, the first U.S. public company to implement a digital asset treasury strategy, and the first U.S. public company to secure next-generation proof-of-stake blockchains."
|
CSLT | Hot Stocks08:41 EST Castlight Health trading resumes
|
LIXT | Hot Stocks08:40 EST Lixte Biotechnology announces preclinical studies on LB-100 - Lixte Biotechnology announced that in preclinical studies its lead clinical compound, LB-100, a protein phosphatase inhibitor, was found to increase the responsiveness of diverse cancers to immunotherapy. In Nature Communications, lead author Yu-Ting Yen and colleagues reported that treatment with LB-100 is associated with new antigen production, tumor infiltration of cytotoxic T cells, and enhanced responsiveness to immune checkpoint blockade in mouse models of colorectal, triple-negative breast, and pancreatic cancer. Lixte's founder and CEO, John Kovach M.D, commented "The results of Yen et al. raise the possibility that the addition of LB-100 to immunotherapy may be a simple way to convert 'cold' into 'hot' tumors, thereby increasing the percentage of patients responsive to immunotherapy. Lixte recently initiated a clinical trial in patients with previously untreated extensive stage small cell lung cancer in which LB-100 is first added to chemotherapy and an immune checkpoint blocker and then administered with the immune blocker alone in the maintenance phase of treatment. Lixte is interested in collaborative studies designed to determine whether LB-100 broadly enhances the benefit of immunotherapy. Immune checkpoint blockers are now approved for treatment of at least 20 cancer types."
|
ICE | Hot Stocks08:39 EST ICE reports 'Energy' ADV up 7% y/y in December, up 17% in Q4 - Intercontinental Exchange reported December, Fourth Quarter and Full Year 2021 trading volume and related revenue statistics. "Throughout 2021, and particularly during the fourth quarter, we saw consistently high volumes as customers navigated volatile gas and carbon markets, as well as interest rate uncertainty," said Ben Jackson, President of ICE. "In periods such as these, our diverse and liquid futures markets are mission critical for companies to manage their risk, and the resulting impact on end consumers." Highlights include: Energy average daily volume, ADV, up 7% y/y in December, up 17% in 4Q21 and up 2% in 2021;Total Oil ADV up 10% y/y in December, up 23% y/y in 4Q21 and up 3% in 2021.
|
IPW AMZN | Hot Stocks08:39 EST iPower delivers first order of hydroponic equipment for the European market - iPower Inc. (IPW) is announcing its expansion into the European market with the completion of its first order delivery to Amazon (AMZN) for consumers in the UK and Germany. In December 2021, iPower delivered several of its own branded products for customer in the UK and Germany, including trimming devices, air filters, grow bags, tents and other accessories. This delivery marks iPower's official entrance into the European hydroponic market, which is in the early stages of development and presents a long-term growth opportunity for iPower. The initial sale of hydroponic equipment for Europe was recognized during the Company's fiscal second quarter ended December 31, 2021.
|
NNDM | Hot Stocks08:39 EST Nano Dimension acquires Global Inkjet Systems - Nano Dimension announced today the acquisition of Global Inkjet Systems, GIS. GIS, based in Cambridge, UK, is a developer and supplier of high-performance control electronics, software, and ink delivery systems. Nano Dimension paid GIS shareholders $18.1M in cash. In addition, it will pay between $1.3M to $10.7M within the next 27 months, if GIS achieves certain financial performance over this period. The foundation of Nano Dimension's vision is to provide advanced, digital production technologies for Additive Manufacturing and 3D printed electronics. "The combined expertise of both Nano Dimension and GIS will enable faster product development, including the technology that is at the center of next-generation systems," the company said. GIS will continue to develop and sell its hardware and software globally while taking advantage of Nano Dimension's go-to-market resources and global reach. "This combination will enable GIS to more effectively penetrate fast-growing printing markets. Emerging AM market segments especially rely on GIS' level of precision that enables advanced industrial applications. In parallel, the merger will provide Nano Dimension with exposure to new market segments and application areas," the company added.
|
SLS | Hot Stocks08:38 EST Sellas Life Sciences appoints John Burns as SVP, finance - SELLAS Life Sciences Group announced that John Burns has been promoted within the Company to Senior Vice President, Finance, and Chief Accounting Officer. Burns joined SELLAS in May 2013 and has held various positions of increasing responsibility during his tenure, including most recently the position of Vice President, Finance, and Chief Accounting Officer.
|
ABVC | Hot Stocks08:36 EST ABVC BioPharma selects additional Vitargus Phase II study sites - ABVC BioPharma announced two clinical sites in Thailand have been selected to participate in the Phase II clinical study of Vitargus, the first bio-degradable vitreous substitute intended to facilitate retina re-attachment surgery. The new sites, located at the Ramathibodi Hospital at Mahidol University and the Srinagarind Hospital at Khon Kaen University, will join two planned Australian sites already selected to participate in the study. The Company expects the Thailand Food and Drug Administration and the Australian Therapeutic Goods Administration to approve the study sites and principal investigators in Q1 of 2022 with first patient enrollments beginning during Q2 of 2022. Early clinical studies indicate that Vitargus(R) has unique properties that eliminate the need for post-surgery patient face-down positioning and significantly improves recovery period patient comfort and visual acuity compared to existing products. The objective of the Phase II study, "A Prospective Multi-Site Randomized Controlled Clinical Investigation of the Safety and Effectiveness of the ABV-1701 Ocular Endotamponade," is to demonstrate the safety and efficacy of Vitargus as compared to SF6 Gas OE, now commonly used for retina re-attachment. The incident of retinal detachment in Thailand is about 3% by the age of 851, compared to the incident of retinal detachment in Australia, which affects about 1% of the population.
|
BSFC | Hot Stocks08:36 EST Blue Star Foods' Taste of BC announces H2 2021 operating metrics - Taste of BC Aquafarms, a wholly owned subsidiary of Blue Star Foods, is releasing key operating performance metrics. The company previously announced certain operating results for the six months ending June 30th, 2021, on July 20th, 2021. It is the expectation that Taste of BC will be announcing this type of data every six months. Ben Atkinson, the President of Taste of BC added, "Our focus is to continue this level of production at this first facility, as we build out our next, larger, 1,500 metric ton facility... We believe we have the right formula to scale this in a significant way over the next several years, with an internal goal of 21,000 metric tons by 2028." Average Fish Harvest Weight: Over the last 6 months, ending December 31st, 2021, the average fish harvest weight has been 2.057Kg. The company targets a minimum of weight of 2kg for its Steelhead Salmon product. Average Harvest Downgrade Percentage: Over the last 6 months, ending December 31st, 2021, the total harvest downgrade percentage was 1.5%. This metric measures the number of fish at harvest that the company did not bring to market at full price in the last stage of the lifecycle. Average Feed Conversion Ratio : Over the last 6 months, ending December 31st, 2021, we have achieved a feed conversion ratio of 1.12KG Feed/Kg, versus the industry standard for open net FCR of 1.2 KG feed/kg.
|
VC | Hot Stocks08:35 EST Visteon showcases suite of electrification electronics at CES 2022 - Visteon will showcase its suite of electrification electronics designed to support the global growth of electric vehicles and the electrification trends of OEM customers at CES 2022. As the global mobility industry undergoes a once-in-a-century electric transformation, Visteon is evolving its electrification electronics capabilities to include a variety of intelligent systems for battery management and integrated power electronics.
|
VC | Hot Stocks08:34 EST Visteon showcases advanced display technology at CES 2022 - Visteon will showcase its advanced display technology at CES 2022 among an array of innovations that provide a superior user experience for driver information and in-vehicle infotainment. Visteon's advanced display technology brings to vehicles the same kind of image quality consumers enjoy on their smartphones, televisions and other electronic devices. The company's proprietary and patent-pending technology delivers screens in all shapes and sizes to provide occupants with exceptional optical performance while meeting challenging automotive requirements.
|
VBIV | Hot Stocks08:33 EST VBI Vaccines doses 1st patient in 2nd study of HBV, amid Brii Bio collaboration - VBI Vaccines announced that the first patient has been dosed in a second Phase 2a/2b clinical study evaluating VBI-2601 , an immunotherapeutic candidate targeting chronic hepatitis B virus, HBV. This newly announced Phase 2 study will assess VBI-2601 as an add-on therapy to the standard-of-care, nucleos, tide, reverse transcriptase inhibitor and pegylated interferon therapy, which currently has a functional cure rate of approximately 9%1. A functional cure for chronic HBV infection is defined as achievement of undetectable HBV surface antigen levels and sustained suppression of HBV DNA. As previously announced in April 2021, VBI-2601 is also being assessed in an additional Phase 2 study as part of a combination regimen with BRII-835 , an investigational small interfering ribonucleic acid targeting HBV. "Our commitment to the fight against hepatitis B includes a focus on both prevention and treatment of the disease," said Jeff Baxter, VBI's President and CEO. "More than 290 million people are chronically infected with HBV worldwide and, together with our partners, we are working hard to provide more patients with improved therapeutic options. This effort includes the assessment of new investigational treatment regimens, as in the ongoing combination study of VBI-2601 and an siRNA candidate, as well as ways to potentially improve upon functional cure rates achieved with the current standard of care, as with this newly announced Phase 2 study. We believe a multi-pronged approach is critical for driving innovation in the treatment of chronic HBV, and we look forward to sharing data from these two Phase 2 studies in the second half of 2022 and the first half of 2023, respectively." Brii Biosciences is the sponsor of this newly announced Phase 2a/2b study and, with the support of VBI, has led the design and implementation of this study as well as the ongoing Phase 2 combination study.
|
BJDX | Hot Stocks08:33 EST Bluejay Diagnostics appoints Mark Feinberg as Chief Medical Advisor - Bluejay Diagnostics announced the appointment of Mark Feinberg, M.D. as Chief Medical Advisor. Dr. Feinberg will guide Bluejay's clinical development programs and provide strategic medical and scientific leadership to the Company. Dr. Mark Feinberg is a cardiovascular medicine specialist at Brigham and Women's Hospital and an associate professor of medicine at Harvard Medical School.
|
CSLT | Hot Stocks08:33 EST Castlight Health and Vera Whole Health to combine - Castlight Health and Vera Whole Health, a provider of advanced primary care, announced an agreement under which the companies will combine. The combined company will integrate Castlight's technology with Vera's purpose-built clinics, health care professionals and strategic partnerships with local providers. The transaction, unanimously approved by Castlight's board, is valued at an equity value of approximately $370M and will be structured as an all cash tender offer to acquire all outstanding shares of Castlight. Vera will commence a tender offer to acquire all outstanding shares of Castlight Class A common stock and Class B common stock for $2.05 in cash per share, representing a 25% premium to the closing price as of January 4th. Clayton, Dubilier & Rice funds, Vera's majority equity holder, have committed to invest up to $338M to support the combination, and Anthem, a health company and long-time strategic customer of Castlight, will make an investment in the combined company. The transaction is subject to regulatory approval, the tender of a majority of Castlight's outstanding shares of common stock, and other customary closing conditions. Upon completion of the transaction, Castlight will become a privately held company and shares of Castlight's Class B common stock will no longer be listed on any public market. The parties anticipate that the combination will be completed in 1Q22.
|
VBIV | Hot Stocks08:33 EST VBI Vaccines doses 1st patient in 2nd study of HBV, amid Brii Bio collaboration - VBI Vaccines announced that the first patient has been dosed in a second Phase 2a/2b clinical study evaluating VBI-2601 , an immunotherapeutic candidate targeting chronic hepatitis B virus, HBV. This newly announced Phase 2 study will assess VBI-2601 as an add-on therapy to the standard-of-care, nucleos, tide, reverse transcriptase inhibitor and pegylated interferon therapy, which currently has a functional cure rate of approximately 9%1. A functional cure for chronic HBV infection is defined as achievement of undetectable HBV surface antigen levels and sustained suppression of HBV DNA. As previously announced in April 2021, VBI-2601 is also being assessed in an additional Phase 2 study as part of a combination regimen with BRII-835 , an investigational small interfering ribonucleic acid targeting HBV. "Our commitment to the fight against hepatitis B includes a focus on both prevention and treatment of the disease," said Jeff Baxter, VBI's President and CEO. "More than 290 million people are chronically infected with HBV worldwide and, together with our partners, we are working hard to provide more patients with improved therapeutic options. This effort includes the assessment of new investigational treatment regimens, as in the ongoing combination study of VBI-2601 and an siRNA candidate, as well as ways to potentially improve upon functional cure rates achieved with the current standard of care, as with this newly announced Phase 2 study. We believe a multi-pronged approach is critical for driving innovation in the treatment of chronic HBV, and we look forward to sharing data from these two Phase 2 studies in the second half of 2022 and the first half of 2023, respectively." Brii Biosciences is the sponsor of this newly announced Phase 2a/2b study and, with the support of VBI, has led the design and implementation of this study as well as the ongoing Phase 2 combination study.
|
VC | Hot Stocks08:33 EST Visteon unveils fourth-generation SmartCore domain controller - Visteon debuted its fourth-generation SmartCore cockpit domain controller at CES 2022, showcasing a solution designed to enable global automakers to deliver a more connected, personalized and safe driving experience. The modern intelligent cockpit experience includes traditional cluster information display, safety inputs, as well as Android Automotive infotainment ranging from maps and parking to charging locations along with enjoyable entertainment experiences for passenger displays. Visteon's fourth-generation SmartCore cockpit domain controller brings all of this information together seamlessly across multiple displays in the cockpit, and can deliver feature upgrades wirelessly over-the-air, eliminating the need to replace hardware to further extend the platform's lifecycle.
|
VC | Hot Stocks08:32 EST Visteon unveils AllGo App Store at CES 2022 - Visteon unveiled its AllGo App Store at CES 2022 as one of the latest solutions in its growing portfolio of connected car technologies for the mobility industry. The AllGo App Store is designed to meet the growing global demand for safe and convenient ways to access app-based content in a smart, connected cockpit. It features automotive-optimized versions of the most sought-after mobility, navigation, parking and infotainment apps around the world and leverages Visteon's pioneering work in in-vehicle infotainment, providing next-level integration based on Android Automotive.
|
EHC | Hot Stocks08:31 EST Encompass Health, Saint Alphonsus Health announce JV in Idaho - Encompass Health and Saint Alphonsus Health System are pleased to announce a new joint venture agreement in Idaho. The new joint venture includes the following locations: Saint Alphonsus home health & hospice locations in Boise, Idaho, and the Encompass Health home health and hospice locations in Boise and Nampa, Idaho. The transaction closed on January 1, 2022.
|
ALRN | Hot Stocks08:31 EST Aileron Therapeutics provides business update, outlines 2022 priorities - Aileron Therapeutics provided a business update and outlined the company's strategic priorities for 2022. 2022 Strategic Priorities and Business Update: Aileron plans to initiate clinical trial in neoadjuvant breast cancer in 1H22, with interim results in 4Q22. Aileron will provide more details on the planned neoadjuvant breast cancer trial design at the time of trial initiation. Aileron is currently enrolling patients in the US and EU with advanced p53-mutated NSCLC undergoing treatment with first-line carboplatin plus pemetrexed with or without immune checkpoint inhibitors. Aileron has dosed the first 10 patients in the trial and plans to conduct a blinded safety evaluation on these patients after one cycle in 1Q22, as previously guided. Aileron is continuing to progress its ongoing Phase 1 pharmacology study which is evaluating ALRN-6924's induction of p21-induced cell cycle arrest in healthy, normal bone marrow cells and other cell types in healthy volunteers receiving ALRN-6924. Aileron anticipates reporting additional findings from the study this year. Aileron was issued 7 new international patents and 4 U.S. patents over the past 12 months, including new patent protection for ALRN-6924 in China.
|
HEXO | Hot Stocks08:31 EST Hexo appoints Curtis Solsvig as acting CFO - HEXO Corp announced the appointment of William Todd Montour to the Company's Board of Directors following the resignation of Jason Ewart, effective immediately. Will Montour co-founded Redecan, which before HEXO's recent acquisition was Canada's largest privately-owned licensed cannabis producer. The Company is also pleased to announce the appointment of Curtis Solsvig as acting-Chief Financial Officer, effective immediately. He has over 30 years of senior management and consulting experience with companies including Lily, Restoration Hardware, Borders Books and Atari.
|
AMZN STLA | Hot Stocks08:29 EST Amazon, Stellantis collaborate for connected experiences across vehicles - Amazon (AMZN) and Stellantis (STLA) announced a series of global, multi-year agreements that will transform the in-vehicle experience for millions of Stellantis customers and advance the mobility industry's transition to a sustainable, software-defined future. Stellantis will accelerate its shift to becoming a sustainable mobility tech company through this relationship, which involves Amazon Devices, Amazon Web Services and Amazon Last Mile. Stellantis and Amazon will collaborate to deploy Amazon's technology and software expertise across Stellantis' organization, including vehicle development, building connected in-vehicle experiences, and training the next generation of automotive software engineers. Together, the two companies will create a suite of software-based products and services that seamlessly integrate with customers' digital lives and add value over time through regular over-the-air software updates.
|
DZSI | Hot Stocks08:29 EST DZS, Irby Utilities work to help 4-County Electric Power - DZS announced the continued successful expansion of a major rural broadband transformation project being deployed by electric cooperative 4-County Electric Power Association in East Central Mississippi in conjunction with DZS strategic partner Irby Utilitie, a subsidiary of Sonepar USA. Now in its second year of buildout, 4-County has moved beyond its successful pilot of DZS technology and Irby Utilities broadband network planning and deployment expertise to the expansion of its FASTnet Fiber program to its membership across nine counties. Irby Utilities is now helping 4-County plan for and rapidly deploying a range of DZS technologies that include DZS Velocity Broadband Access solutions and DZS Helix Edge Access solutions. Jay Hilbert, chief revenue officer, DZS said, "We believe 4-County is a powerful example to other electric cooperatives of how they too can find success in deploying gigabit+ broadband to their members by leveraging available government stimulus funds and grants as well as unparalleled expertise of DZS and Irby Utilities."
|
PPG HD | Hot Stocks08:28 EST PPG expands pacts with Home Depot, HD supply with launch of Pro Paint variety - PPG (PPG) announced an expanded relationship with The Home Depot (HD) and HD Supply to offer an extensive lineup of professional PPG paint products and services designed exclusively for professional customers. The new product lineup began rolling out on shelves in the fourth quarter of 2021 and will be available in all U.S. Home Depot stores. "Through this expanded strategic relationship with The Home Depot, we are leveraging the strengths of our combined organizations to deliver tremendous value to the professional customer," said Jaime Irick, vice president, architectural coatings, U.S. and Canada. "We look forward to utilizing PPG's team of paint experts, leading professional paint products, and national, digital fulfillment network in combination with The Home Depot's vast national store footprint to service the professional and drive strong growth for both organizations."
|
IOSP | Hot Stocks08:27 EST Innospec secures China approval for Iselux surfactants - Innospec announces that Iselux has been approved for use in China, the world's second largest personal care market. Available in liquid and solid form, Iselux is a highly versatile, clear, mild and natural surfactant which delivers superior lather, skin feel and cleansing performance in more than 3,000 body, hair and other personal care products. With the China approval secured, for the first time Iselux is now available for worldwide cosmetic and personal care use by Innospec's customers. Innospec technologies like Iselux directly address growing long-term consumer demand for clean beauty without any compromise in product performance. Innospec recently announced plans for over $70MM of organic growth investments to be made through 2023 to support the increased demand outlook for its premium personal and home care technologies.
|
AWH... | Hot Stocks08:26 EST Aspira Women's Health announces fourth quarter operational metrics, updates - Aspira Women's Health (AWH) announced preliminary fourth quarter operational results and provided a corporate update. Operational Metrics Update: OVA1 volume in the fourth quarter of 2021 grew approximately 23.4% year over year to 4,750 units compared to 3,849 units in the fourth quarter of 2020. The number of tests for the fourth quarter represented a quarterly record and a 11% increase sequentially compared to the third quarter test volume of 4,281. The number of ordering physicians increased to approximately 3,211 for the fourth quarter of 2021, representing a year over year increase of 22.8% and a sequential increase of 10.2% for the quarter. The number of new physician additions increased 31% from third quarter of 2021 vs fourth quarter of 2021. Pipeline Update: OvaWatch: The company plans to launch our laboratory developed test OvaWatch in two stages - single use and serial monitoring. For the single use test, the company submitted the analytical validation manuscript in late November. It plans to launch the single use test following acceptance of both manuscripts. Launch of the serial monitoring test is currently planned for the end of 2022/early 2023. EndoCheck: Aspira is developing an LDT with the specimens provided by collaborators, ObsEva (OBSV) and AbbVie (ABBV), while simultaneously seeking FDA Breakthrough Designation for EndoCheck with the first FDA "Principles for Good Machine Learning Practices." Aspira also plans to hold a key opinion leader event in the first quarter of 2022 with top thought leaders in the field to discuss the disease, the clinical gaps, the regulatory opportunity with LDT's, and our science.
|
LGVN | Hot Stocks08:25 EST Longeveron initiates Phase 2a trial of Lomecel-B for Alzheimer's Disease - Longeveron announced the initiation of its Phase 2a clinical trial evaluating Lomecel-B as a treatment for Alzheimer's disease. The first patient has consented to participate in the trial and patient screening has begun. This Phase 2a study is intended to build on encouraging preliminary Phase 1 data that were announced in 2021. Additionally, the Phase 2a trial is designed to measure brain anatomy using MRI, and include detailed assessments of the inflammatory and vascular systems thought to contribute to the worsening of AD. The study, which will be conducted at a minimum of 6 centers, is led by Mark L. Brody, MD, of Brain Matters Research, Delray Beach, Florida. Dementia resulting from AD is associated with vascular function decline and involves a pro-inflammatory state. In Longeveron's prior Phase 1 trial, Lomecel-B treatment met the primary safety endpoint, with no safety concerns - including no evidence of Alzheimer's-related imaging abnormality, known as ARIA. In addition, the levels of certain pro-vascular and anti-inflammatory biomarkers increased in the Lomecel-B treated subjects compared to placebo. The Phase 2a trial is a double-blind, randomized, placebo-controlled design investigating safety and tolerability, as well as secondary endpoints that include cognitive function and biomarkers, following single or multiple infusions of Lomecel-B compared to placebo, in individuals with mild AD. The study consists of 4 treatment arms of 12 patients each, for a total target enrollment of 48 patients.
|
TRDA | Hot Stocks08:24 EST Entrada Therapeutics appoints Jared Cohen as general counsel - Entrada Therapeutics announced that Jared Cohen, PhD, JD has been appointed General Counsel, effective immediately. Prior to joining Entrada in April 2020, Dr. Cohen was Vice President of Legal Affairs at Repertoire Immune Medicines where he designed and led all facets of the legal, compliance and intellectual property functions for the organization, including the transition through Series B, subsidiary acquisition and corporate merger.
|
EWTX | Hot Stocks08:24 EST Edgewise Therapeutics announces topline results from EDG-5506 study - Edgewise Therapeutics announced topline results from the BMD, or Phase 1b, portion of a first-in-human Phase 1 clinical trial assessing the safety, tolerability, PK and pharmacodynamics of EDG-5506, an orally administered small molecule myosin inhibitor designed to protect injury-susceptible fast skeletal muscle fibers in dystrophinopathies such as Duchenne muscular dystrophy and BMD. The seven adults with BMD enrolled in the Phase 1b clinical trial were administered 20 mg oral doses of EDG-5506 or placebo. EDG-5506 was shown to be well-tolerated with no discontinuations or dose reductions. The most common adverse event, observed in all Phase 1b participants, was dizziness which was mild, transient and self-resolving. In addition to safety, a goal in the Phase 1b BMD clinical trial was to understand the relationship between dose, muscle exposure and biomarkers of muscle damage on a dystrophic background. PK data were consistent with robust target engagement, with plasma and muscle exposures exceeding pharmacologically active levels observed in multiple preclinical models of DMD. Similar to observations in the healthy volunteer portion of the clinical trial, dosing with EDG-5506 was not found to affect voluntary grip, shoulder, or hip strength. Treatment with EDG-5506 led to a significant and time-dependent decrease in key biomarkers of muscle damage when assessed by both standard laboratory assays and proteomic analysis using the SOMAscan 7,000 analyte set. Importantly, creatine kinase (CK) and fast skeletal muscle troponin were reduced by 71 percent and 83 percent, respectively, to levels near those observed in healthy volunteers when evaluated by SOMAscan. This reduction in muscle damage biomarkers supports the hypothesis that EDG-5506 meaningfully reduces damage from the excessive stress present in dystrophic muscle, thus potentially preserving muscle function and preventing disease progression in dystrophinopathies.
|
MRMD | Hot Stocks08:23 EST Marimed to acquire Kind Therapeutics USA for $20M - MariMed announced that it has entered into a definitive agreement to acquire Kind Therapeutics U.S.A., a vertically integrated cannabis business in Maryland. The transaction is subject to customary closing conditions, including regulatory approvals. The transaction will result in the third state, incremental to Massachusetts and Illinois, in which MariMed will have acquired a licensed cannabis business it manages and assisted in developing. Once acquired, Kind's financial results with be reported by the Company on a consolidated basis. The Kind acquisition will further represent MariMed's successful implementation of its strategic growth plan to consolidate the multiple state cannabis businesses it organically developed and manages. Kind, which holds cannabis licenses for cultivation and production, as well as a provisional license for a dispensary, currently leases from Mari Holdings MD, LLC, a MariMed subsidiary, a 180,000 square foot cultivation and processing facility in Hagerstown, which MariMed developed. Mari Holdings MD, LLC also owns and is developing a dispensary facility for Kind in Annapolis, which is expected to open in early 2022. Under MariMed's management, Kind has been successfully manufacturing and distributing cannabis and cannabis products into Maryland's robust wholesale cannabis industry, which has grown to 103 dispensaries. These products include MariMed's products and brands including Nature's Heritage craft flower, Betty's Eddies fruit chews, and k FUSION chewable tablets. Betty's Eddies has been a top-selling edible brand in the state. The aggregate purchase price to be paid for Kind, in a combination of cash and promissory notes, will be $20 million. In addition, the Company will acquire the minority interests of one of the current owners of Kind in two subsidiaries of the Company that own cannabis facilities in Maryland and Delaware for $2 million in the aggregate. Further, upon the closing of these transactions, all Kind related litigation will be dismissed with prejudice. Maryland's legal medical cannabis program currently has more than 139,000 registered patients and, according to the Maryland Medical Cannabis Commission, the state receives more than 200 applications for medical cannabis cards every day. Maryland's medical cannabis program was on pace to generate more than $500M in sales in 2021. According to Cowen Research, with a population of 6.2 million, Maryland's medical cannabis program boasts some of the highest rates of registered medical consumers, incidence usage and spending, on a per capita basis, among all legal medical cannabis programs in the U.S. The state legislature is reviewing proposals to implement an adult use cannabis program in the future.
|
AWH | Hot Stocks08:21 EST Aspira Women's Health executes agreement with Axia Women's Health - Aspira Women's Health announced that it has entered into a commercial enterprise agreement with Axia Women's Health. Axia Women's Health is a community of more than 400 providers and 150 women's health centers across New Jersey, Pennsylvania, Indiana, Ohio, and Kentucky. Under the five-year agreement, Axia Women's Health providers will have the ability to conduct genetic testing in-house utilizing the proprietary Aspira Synergy Genetics platform. Aspira Synergy Genetics is a genetics-focused, novel technology transfer solution that offers custom Next Generation Sequencing, NGS, chemistry paired with proprietary cloud-based bioinformatics that were developed for the Aspira Synergy platform.
|
SYY | Hot Stocks08:21 EST Sysco announces partnerships to enhance supplier diversity - Sysco Corporation announced five new partnerships that will enhance Sysco's supplier diversity initiatives. Sysco will partner with Disability:IN, National LGBT Chamber of Commerce, National Veteran-Owned Business Association, The National Minority Supplier Development Council and Women's Business Enterprise National Council. These partnerships will facilitate relationships with qualified diverse suppliers.
|
PROF | Hot Stocks08:20 EST Profound Medical appoints Kenneth Knudson as CCO - Profound Medical announced the appointment of Kenneth Knudson, as Chief Commercial Officer. Mr. Knudson's mandate will be leading Profound's worldwide sales, marketing and reimbursement activities. Most recently, he served as Chief Executive Officer of Perineologic, Inc., a company pioneering a new and disruptive approach to prostate cancer biopsy.
|
CSLT | Hot Stocks08:20 EST Castlight Health trading halted, news pending
|
INVE | Hot Stocks08:20 EST Identiv partners with collectID to authenticate collectible Brazil soccer shirts - Identiv expanded its partnership with collectID to enable product authentication, verification, and a connected consumer experience to collectible football jerseys via embeddable near field communication, or NFC, life-of-garment tags. 2021 Copa Do Brasil winning football team Atletico Mineiro now equips 120,000 collectible jerseys with Identiv NFC tags. The tags verify jersey authenticity and also enable an engaging experience for fans via the IoT, allowing them to digitally interact with the team. Identiv selected NFC tags featuring the highest security level based on NXP NTAG 424 DNA chips. Fear of fake products undermines consumer confidence in brands and makes it difficult to sell items on the secondary market. collectID aims to solve this problem by combining blockchain with Identiv NFC technologies and providing a complete product authentication ecosystem.
|
SPRB | Hot Stocks08:19 EST Spruce Biosciences appoints Javier Szwarcberg, M.D. CEO - Spruce Biosciences announced that Dr. Javier Szwarcberg, M.D., MPH, has been appointed Chief Executive Officer and as a member of the board of directors. Samir Gharib, MBA, has been concurrently promoted to President and will continue in his role as Chief Financial Officer. "With his range of leadership and demonstrated success in rare disease drug development, Javier is an excellent fit for Spruce Biosciences as we enter the next chapter of clinical development," said Mike Grey, Executive Chairman, Spruce Biosciences. "I, along with Spruce's entire board, look forward to working with Javier and our leadership team to timely execute on our clinical development plans for tildacerfont and to deliver on Spruce's mission to bring novel treatment options to patients with rare endocrine disorders. Likewise, we are pleased to recognize Samir's efforts with his promotion to President, and we expect his operational and business acumen to launch Spruce Biosciences into the next phase of growth."
|
CUE | Hot Stocks08:18 EST Cue Biopharma, LG Chem announce milestone in CUE-102 collaboration - Cue Biopharma announced that a key milestone in the selection of a clinical product candidate has been reached in their collaboration for CUE-102, an Immuno-STAT biologic, jointly developed to selectively target WT1-expressing cancers. The milestone represents significant progress for the CUE-102 program and an important achievement in generating promising preclinical activity and data to be shared with the FDA as part of an investigational New Drug filing that is planned for the first quarter of 2022. Under the terms of the collaboration agreement, Cue Biopharma will receive a $3 million milestone payment from LG Chem Life Sciences, the life sciences division of LG Chem Ltd. Cue Biopharma presented preclinical data on CUE-102 and interim clinical data on CUE-101, its lead oncology asset, at the Society for Immunotherapy of Cancer's 36th Annual Meeting in November 2021.
|
AWH | Hot Stocks08:18 EST Aspira Women's Health appoints Minh Merchant as General Counsel - Aspira Women's Health announced that Minh Merchant will join the Company as General Counsel and Corporate Secretary, effective Jan. 4, 2022. In this role, Merchant will lead the Company's legal, compliance, and enterprise risk management functions, reporting to Valerie Palmieri, CEO.
|
AVEO | Hot Stocks08:17 EST Aveo and NiKang in study and supply pact to test NKT2152, Fotivda for RCC - NiKang Therapeutics and AVEO Oncology announced that they have entered into a clinical trial collaboration and supply agreement to evaluate NKT2152, NiKang's small molecule that inhibits hypoxia inducible factor 2alpha , in combination with FOTIVDA , AVEO's oral, next-generation vascular endothelial growth factor receptor tyrosine kinase inhibitor , which is approved by the U.S. Food and Drug Administration for the treatment of adults with relapsed or refractory advanced renal cell carcinoma, RCC, following two or more prior systemic therapies. The phase 2 clinical trial will evaluate the safety and efficacy of the combination of NKT2152 and tivozanib in clear cell RCC, ccRCC, patients who have not responded to or relapsed from prior therapies, R/R RCC. Under the terms of the agreement, NiKang will sponsor the trial and AVEO will co- fund the trial. Both companies will provide its respective drugs at no cost. The two companies will form a Joint Development Committee to oversee this collaboration. "This collaboration with NiKang, will play an important role in the advancement of both the tivozanib and NKT2152 programs," said Michael Bailey, President and Chief Executive Officer of AVEO. "The tivozanib and NKT2152 combination will build on the activity seen with VEGFR TKIs and HIF2alpha agents in ccRCC. We believe the best-in-class qualities of these two compounds provide a unique combination of efficacy and tolerability for patients with R/R ccRCC as a doublet or, potentially in the future, as part of a triple combination." The phase 2 clinical trial is expected to commence in 2022.
|
EXEL | Hot Stocks08:17 EST Exelixis completes enrollment in CONTACT-03 trial - Exelixis announced that enrollment is complete for CONTACT-03, the global, phase 3 pivotal trial evaluating the efficacy and safety of cabozantinib in combination with atezolizumab versus cabozantinib alone in patients with locally advanced or metastatic clear cell or non-clear cell renal cell carcinoma who progressed during or following treatment with an immune checkpoint inhibitor as the immediate preceding line of therapy.
|
ICVX IGMS | Hot Stocks08:17 EST Icosavax appoints John Shiver to board of directors - Icosavax, Inc. (ICVX) announced the appointment of John Shiver, Ph.D., to its Board of Directors. Currently, Dr. Shiver is Chief Strategy Officer, leader of the scientific advisory board, and member of the Board of Directors at IGM ID, a wholly owned subsidiary of IGM Biosciences (IGMS).
|
OSTK | Hot Stocks08:16 EST Overstock.com to provide furniture to Afghan refugees in Utah - Overstock.com announced it will supply dining room tables, chairs, and home decor to refugee families resettling in Utah after fleeing Afghanistan amid the collapse of the country's government. Utah-based Overstock is working directly with the local chapters of the International Rescue Committee and Catholic Community Services to donate to the families who began arriving in Utah on October 1. Overstock has committed 185 kitchen tables, 825 matching chairs, and 185 home decor items for the estimated 180 families currently scheduled to arrive
|
CVSI | Hot Stocks08:15 EST CV Sciences announces new distribution agreement with GNC - CV Sciences announced a major new distribution agreement with GNC. Beginning in early 2022, consumers will be able to purchase the company's top selling ingestible products under the +PlusCBD brand in 770 GNC locations. "We are thrilled to partner with GNC, a leading global health and wellness brand, and view this agreement as a major milestone in our distribution expansion strategy as well as a strong testament to the safety and efficacy of CV Sciences' portfolio of high-quality products," said Joseph Dowling, Chief Executive Officer of CV Sciences. "This agreement is also a positive reflection of the favorable regulatory momentum that is starting to build following the recent passage of AB 45 in California, which should serve as a framework for responsible CBD legislation in other states and eventually at the federal level."
|
SINO SGLY | Hot Stocks08:14 EST Sino-Global changes name to Singularity Future Technology - Sino-Global announced it is changing its name to "Singularity Future Technology" to reflect its new focus and mandate. The company's shares are expected to begin trading on Nasdaq under the new ticker symbol "SGLY" beginning January 7.
|
TWST | Hot Stocks08:14 EST Twist Bioscience announces RBT-0813 neutralizes SARS-CoV-2 variants - Revelar Biotherapeutics and Twist Bioscience announced that RBT-0813 binds to and neutralizes the Omicron and Delta variants of SARS-CoV-2 in live virus studies. RBT-0813 is an innovative bispecific antibody discovered by Twist Biopharma and licensed to Revelar Biotherapeutics that targets epitopes on the SARS-CoV-2 spike protein. Revelar continues to advance preclinical development of RBT-0813 to submit an Investigational new drug application, or IND, in the first half of 2022 to begin human clinical trials shortly thereafter. This new in vitro binding and neutralization data has been published on BioRxiv with a peer-reviewed publication of the data planned for early 2022. Binding and kinetic data were generated through Surface Plasmon Resonance, or SPR, and independently confirmed by flow cytometry. The live virus plaque-reduction data were generated independently at the Yale School of Medicine in the laboratory of Dr. Akiko Iwasaki using live SARS-CoV-2 virus from ancestral, as well as the Omicron and Delta variants of concern isolated from patient nasopharyngeal specimens.
|
IRDM | Hot Stocks08:13 EST Iridium names Manjula Sriram as new Chief Information Officer - Iridium announced that Manjula Sriram has joined the company as VP & Chief Information Officer, or CIO. Previously and for the past four years, Sriram was VP in the role of CIO for The Joint Chiropractic where she was responsible for the commercial and enterprise IT infrastructure for the company's corporate and clinical operations. Prior to this, Sriram spent four years as the Director of Customer Implementation & Support for Early Warning Service, a financial systems company.
|
ARI | Hot Stocks08:12 EST Apollo Commercial completes $3.2B of mortgage originations in 2021 - Apollo Commercial Real Estate Finance announced the Company committed to $1.7 billion of mortgages in the fourth quarter of 2021, bringing annual loan originations to $3.2 billion for the year. "ARI originated over $3.2 billion of mortgages in 2021, capitalizing on the strength of Apollo's global brand in the commercial real estate lending market," said Stuart Rothstein, Chief Executive Officer and President of the Company. "The fourth quarter was our most active of the year and we are carrying that momentum into 2022 with a robust pipeline. ARI's origination activity expanded into several new markets and property types in 2021, demonstrating the breadth of Apollo's platform. Our ability to offer creative, flexible capital solutions as well as certainty of execution to our borrowers enables ARI to originate investments that generate attractive, risk adjusted returns for our stockholders." New Investments - During the fourth quarter of 2021, ARI originated $1.7 billion of mortgages. Funding of Previously Closed Loans - During the fourth quarter of 2021, ARI funded $145.0 million for loans closed prior to the quarter. Loan Repayments - During the fourth quarter of 2021, ARI received $0.9 billion from loan repayments.
|
DXR | Hot Stocks08:12 EST Daxor announces key milestones achieved for BVA-100 study - Daxor announces patient enrollment is complete and data analysis is underway in preparation for publication of the multi-center observational prospective study utilizing Daxor's BVA-100 technology in hospitalized COVID-19 patients. NYU Langone Health, Wake Forest School of Medicine and OHSU have been enrolling subjects since the onset of the pandemic. Dr. Jan Bakker initiated this multi-center prospective study utilizing the BVA-100 blood test to understand fluid imbalances in COVID-19 patients . The study, titled "Blood volume and albumin transudation in critically-ill COVID-19 patients," showed that COVID-19 patients suffer from significant capillary damage and blood volume deficits that care teams became aware of only through the use of the Daxor BVA-100 blood test. Jonathan Feldschuh, Chief Scientific Officer of Daxor, stated, "Accurate volume assessment allows for individualized care, ensuring circulatory integrity and optimal tissue perfusion. Our BVA technology provides clinicians with precise volume measurement superior to commonly used indirect estimates. We believe the study results will further validate and broaden the need for blood volume analysis to optimize treatment and improve outcomes for patients."
|
LMT... | Hot Stocks08:11 EST Lockheed Martin, Amazon.com, Cisco partner on NASA's Orion spacecraft - Lockheed Martin (LMT), Amazon (AMZN) and Cisco (CSCO) have teamed up to integrate unique human-machine interface technologies into NASA's Orion spacecraft, providing an opportunity to learn how future astronauts could benefit from far-field voice technology, AI and tablet-based video collaboration. The Callisto technology demonstration will be integrated into NASA's Orion spacecraft for the agency's Artemis I uncrewed mission around the Moon and back to Earth. Callisto uses Amazon Alexa and Webex by Cisco to test and demonstrate commercial technology for deep space voice, video and whiteboarding communications. Lockheed Martin, which designed and built the Orion spacecraft for NASA, is leading the development and integration of the payload.
|
ARMP | Hot Stocks08:11 EST Armata Pharmaceuticals provides update on pseudomonas respiratory programs - Armata Pharmaceuticals announced the modification of its lead bacteriophage product candidate, AP-PA02, to include additional phage genera that increase potency and broaden coverage of strains of Pseudomonas aeruginosa found in patients with cystic fibrosis and non-cystic fibrosis bronchiectasis. The optimized phage cocktail introduces two new phage genera, which provides coverage of at least 90% of tested P. aeruginosa clinical isolates and has shown superior in vitro potency as well as improved efficacy in an animal model of infection. The two new phages were advanced through manufacturing and regulatory review and are now entering the ongoing SWARM-P.a. study. NCFB is a serious respiratory disease characterized by chronic inflammation of airways, decline of lung function, and frequent lung infections with P. aeruginosa. There are currently no approved inhaled antibiotics for the treatment of NCFB patients with chronic P. aeruginosa respiratory infections. Armata plans to advance into a Phase 2 trial in NCFB in 2022. A novel cocktail is in development for the clinical indication of pneumonia, AP-PA03, that is entering manufacturing with a regulatory filing expected in 2022.
|
RAIN RHHBY | Hot Stocks08:11 EST Rain Therapeutics, Roche to collaborate on trial of milademetan combination - Rain Therapeutics (RAIN) announced a clinical supply agreement with Roche (RHHBY) for the supply of the anti-Programmed Death Ligand-1 monoclonal antibody, atezolizumab. Clinical trials are planned to evaluate milademetan, an oral mouse double minute 2 inhibitor, in combination with atezolizumab for the treatment of patients in genetically selected populations. Under this agreement, Rain is the sponsor of the anticipated clinical trials, and Roche will supply atezolizumab. An initial Phase 1 clinical trial is planned to evaluate the safety, tolerability and efficacy of milademetan in combination with atezolizumab in patients with loss of cyclin-dependent kinase inhibitor 2A and wildtype p53 advanced solid tumors. CDKN2A encodes for the tumor suppressor p14ARF, an inhibitor of MDM2, and the loss of CDKN2A may lead to MDM2-dependent cancers. Rain anticipates the start of the Phase 1 clinical trial in the second half of 2022. Subsequent Phase 2 clinical trials evaluating the combination of milademetan and atezolizumab may span various additional tumor types.
|
PETQ | Hot Stocks08:10 EST PetIQ appoints Zvi Glasman as CFO - PetIQ announced the appointment of Zvi Glasman, as its Chief Financial Officer, CFO, effective January 3, 2022. Glasman has 20 years of CFO experience. Prior to joining PetIQ, Glasman held various private and public company CFO positions with his longest tenure at Fox Factory Holdings. Glasman succeeds John Newland, who is retiring from his role as CFO. Newland will continue to support the Company through March 2022 as part of its previously announced CFO transition plan.
|
BYND YUM | Hot Stocks08:10 EST Beyond Meat, KFC to debut Beyond Fried Chicken on January 10 - Kentucky Fried Chicken and Beyond Meat are kicking off the new year with a Kentucky Fried Miracle as the highly-anticipated plant-based Beyond Fried Chicken makes its nationwide debut. Beginning Monday, January 10, KFC restaurants across the U.S. will offer Beyond Fried Chicken for a limited time, while supplies last. The plant-based Beyond Fried Chicken was developed by Beyond Meat exclusively for KFC.
|
SPPI | Hot Stocks08:09 EST Spectrum to reduce workforce by 30% in planned restructuring - Spectrum announced a strategic restructuring. The company will prioritize its late-stage product opportunities, poziotinib and Rolontis, and will deprioritize development activities of its early-stage clinical development and research programs. The company has made these decisions following a detailed review of its operations, portfolio and growth opportunities, and will focus its resources accordingly. Spectrum intends to implement the following strategic restructuring initiatives to reduce its expenses and extend its existing cash runway: Spectrum is prioritizing the development activities for its late-stage assets, poziotinib and Rolontis, and will deprioritize work on its early-stage pipeline, FIT Program (IGN 002) and IL-12. The company restructuring will result in a workforce reduction of approximately 30%. Operating cash burn is expected to be reduced by 20%-25%, which should extend the cash runway into 2023. The physical footprint of selected facilities will be significantly reduced in 2022.
|
EDAP | Hot Stocks08:09 EST EDAP provides corporate update on US Focal One installation growth - EDAP provided an update on recent Focal One placements and the initiation of treatments at select new customer sites in the US. During the company's third quarter 2021 conference call in November, EDAP announced that it had sold a Focal One device to the University of California at San Diego, UCSD, during the fourth quarter. The sale to UCSD is now the third Focal One placement into the prestigious UC healthcare system, following previously announced sales to UC San Francisco and UC Irvine. In addition, the company is today announcing that additional Focal One installations have occurred during the fourth quarter to five prestigious academic and integrated health network reference centers. These include Brigham and Women's Hospital in Boston, Cedars-Sinai Health System in Los Angeles, Henry Ford Health System in Detroit, Duke University in North Carolina and Prisma Health in South Carolina.
|
GNTX | Hot Stocks08:08 EST Gentex to showcase driver, cabin monitoring at CES 2022 - In-person CES is back and so is Gentex Corporation, which will once again exhibit at the event to highlight its growing driver and in-cabin monitoring solutions for the automotive industry, as well as demonstrate its ever-expanding portfolio of vision systems, dimmable devices, connectivity, and sensing solutions for a variety of industries. This past September, Gentex announced the acquisition of Israel-based Guardian Optical Technologies, which developed an infrared-sensitive, high-resolution camera combining machine vision, depth perception, and micro-vibration detection. This proprietary sensor configuration allows the system to not only monitor the driver, but also the entire vehicle cabin and all its objects and occupants, assessing their behavior, gestures, and activities. In January of 2021, Gentex announced the acquisition of Vaporsens, which developed a nanofiber chemical sensing technology capable of monitoring the vehicle's cabin air quality and identifying potential airborne contaminants. Both technologies will be highlighted in a new driver and cabin monitoring demonstrator that will be featured prominently at Gentex's booth. The demonstrator will provide an immersive experience that allows visitors to see what the system's machine vision camera sees, understand its decision-making processes, and learn about corresponding features sets. The Gentex driver and cabin monitoring system tracks the driver's head pose, eye gaze, and other vision-based metrics to determine driver distraction, drowsiness, and readiness for return of manual control in semi-autonomous vehicles. It can also track passengers and their behavior, as well as objects and other environmental factors. It can even turn the vehicle into a mobile communications center for making a video phone call, conducting a meeting, or capturing an in-cabin selfie.
|
BB | Hot Stocks08:08 EST BlackBerry, Pateo announce strategic collaboration - BlackBerry and Pateo, an Internet of Vehicles technology service & product provider in China, announced a strategic collaboration that will see BlackBerry IVY integrated into PATEO's intelligent Digital Cockpit solution to develop data-driven in-vehicle services and drive new business opportunities in the Chinese market. As part of the agreement, the two companies will work with a leading Chinese automobile manufacturer to set up a pilot project on the automaker's all-electric model lineup. The expanded relationship is built on an existing collaboration between the two sides that leverages BlackBerry QNX technology alongside Pateo's integration expertise to deploy advanced solutions for the Digital Cockpit market in China.
|
FSTX MKKGY | Hot Stocks08:07 EST F-star Therapeutics announces Merck KGaA exercises fourth licensing option - F-star Therapeutics (FSTX) announced that Ares Trading, an affiliate of Merck KGaA (MKKGY), Darmstadt, Germany has exercised a fourth licensing option to develop another bispecific program under the ongoing immuno-oncology collaboration. Under the terms of the agreement, Merck KGaA, Darmstadt, Germany will be responsible for all future development and commercialization costs and will pay future success-based milestones and royalties on any net sales, resulting from programs covered by the agreement. Eliot Forster, CEO of F-star Therapeutics, Inc, said: "We were delighted to see the recent data presented by Merck KGaA, Darmstadt, Germany, from our long-standing collaboration at the recent SITC conference, demonstrating the unique potential of the F-star bispecific platform. This latest licensing option marks another positive milestone in our collaboration and it is exciting to see our partner successfully progress another mAb2 based program. Along with our internal pipeline, we believe all of these next generation immuno-oncology programs will make a real difference to the lives of patients with cancer."
|
CMCT | Hot Stocks08:07 EST CIM Commercial Trust announces reduction in management fee - CIM Commercial Trust Corporation announced that CIM Group, the manager to CMCT, has agreed to a fee waiver that is expected to reduce CMCT's management fee by approximately 55%, resulting in $21c per share of annualized cost savings. The agreement is effective January 1. "This new fee structure more closely aligns our manager with the success of the common stockholders of CIM Commercial," said David Thompson, Chief Executive Officer of CIM Commercial Trust. "Management intends to recommend to the Board that CIM Commercial use substantially all of the cost savings achieved by the lower management fee to reward common stockholders through a dividend increase starting in the first quarter. With the new fee structure, the company is now well-positioned for growth. We have an attractive portfolio with a significant same store growth opportunity. In addition, we will continue to leverage the resources of CIM Group's large scale vertically integrated real asset platform to source and execute on attractive acquisitions to create value for shareholders."
|
MDVL | Hot Stocks08:07 EST Medavail expands partnership with IMA Medical Group - MedAvail announced that it has significantly expanded its partnership with IMA Medical Group, a provider of primary medical and wellness services to seniors, with plans to open 17 additional SpotRx locations across central Florida. In-clinic SpotRx kiosks and courier home delivery are expected to be available to patients across the IMA network in 21 IMA medical centers, including the four SpotRx locations previously announced in September. MedAvail plans to leverage its pharmacy hub in Orlando to deploy and service SpotRx kiosks to these medical centers and expects to complete deployment to these locations by early 2022. SpotRx Pharmacy is the retail pharmacy brand owned and operated by MedAvail in the United States, which deploys and operates the MedAvail MedCenters.
|
SHLS | Hot Stocks08:06 EST Shoals Technologies, Luminace announce strategic agreement - Luminace and Shoals Technologies Group announced a strategic agreement to pursue distributed renewable energy generation and EV charging solutions across the U.S. The companies will collaborate on the deployment of renewable energy and EV projects, providing all development, operational and technical solutions. "We are excited to collaborate with Luminace and join forces to bring our customers an unprecedented level of efficiency in the implementation of solar and eMobility projects," said Jason Whitaker, Chief Executive Officer of Shoals. "Together we will leverage our innovative technology and Luminace's operational expertise to accelerate the adoption of renewables and EV charging infrastructure across the U.S."
|
SQNS | Hot Stocks08:06 EST Sequans to expand 4G and 5G partnership with Renesas - Sequans announced an expansion of its existing 4G/5G licensing agreements with Renesas Electronics, a supplier of advanced semiconductor solutions, granting special rights to Renesas that strengthen the go-to-market opportunities for Sequans' LTE-M/NB-IoT Monarch 2 and Taurus 5G platforms. The deal allows Sequans to expand its serviceable addressable market to India. Additionally, Renesas will take a small equity stake in Sequans, and Renesas' Executive VP and Head of IoT and Infrastructure business unit, Sailesh Chittipeddi, will be nominated for election to the Sequans board of directors at the June shareholder meeting. The combined value of the business agreements and the equity investment, which is expected to close by January 14 subject to customary closing conditions, is approximately $20M. The agreements provide better control of manufacturing and product cost and reinforce the joint product offerings and expand market opportunities. The equity stake and board seat facilitate management alignment.
|
BWA | Hot Stocks08:05 EST BorgWarner sells Water Valley, Mississippi facility to Atar Capital - BorgWarner has sold its Water Valley, Mississippi facility to Atar Capital. The sale is consistent with Project Charging Forward, BorgWarner's accelerated electrification strategy which the company announced in March 2021. Outlined in this strategy is a target to dispose of $3B-$4B in annual revenues from its combustion portfolio by 2025 with approximately $1B of that targeted to be executed by late 2022. The Water Valley sale encompasses the manufacturing facility and the associated solenoid, transmission control module and stop/start accumulator system business located there. Full year sales of the Water Valley business for 2021 are expected to be approximately $180M. The transaction was completed on December 31, 2021. The consideration consisted of $42M in cash and notes and up to $30M in potential earn out payments. The company expects to incur a U.S. GAAP loss on the sale, which is not expected to be material.
|
CTLT | Hot Stocks08:05 EST Catalent appoints COO Alessandro Maselli as next CEO, effective July 1 - Catalent announced that its Board of Directors has appointed Alessandro Maselli, currently President and Chief Operating Officer, as the company's next President and Chief Executive Officer, effective July 1. Maselli will also join the company's Board of Directors upon assuming his new role. Current Chair and Chief Executive Officer John Chiminski will remain in his present role until July 1, 2022, when he will assume the position of Executive Chair of the Board.
|
AMZN STLA | Hot Stocks08:05 EST Amazon, Stellantis announce multi-year agreements for in-vehicle experience - Amazon (AMZN) and Stellantis (STLA), a global automaker and mobility provider, announced a series of global, multi-year agreements that will transform the in-vehicle experience for millions of Stellantis customers . Stellantis will accelerate its shift to becoming a sustainable mobility tech company through this relationship, which involves Amazon Devices, Amazon Web Services, or AWS and Amazon Last Mile. Stellantis and Amazon will collaborate to deploy Amazon's technology and software expertise across Stellantis' organization, including vehicle development, building connected in-vehicle experiences, and training the next generation of automotive software engineers. Together, the two companies will create a suite of software-based products and services that integrate with customers' digital lives and add regular over-the-air software updates. The collaboration brings together Amazon's leadership and innovation in digital experiences, cloud computing, artificial intelligence, or AI, and machine learning with Stellantis' automotive engineering excellence and portfolio of 14 iconic vehicle brands. Stellantis outlined its software strategy during its Software Day program in December 2021. The collaboration will focus on several areas.
|
MGNI | Hot Stocks08:05 EST Magnite announces addition of Nth Party team - Magnite announced it is bringing on the team from Nth Party, a startup developing cryptographic software for secure audience data sharing and analysis. The move reinforces Magnite's ongoing commitment to build leading identity and audience solutions for sellers and buyers. Under the terms of the deal, Nth Party's team of 7 employees, including 5 engineers, will report to Magnite's Vice President of Engineering Robert Lyons. Financial terms were not disclosed.
|
SIEN | Hot Stocks08:04 EST Sientra announces acquisition of fat grafting technology from AuraGen - Sientra announced that it entered into a definitive agreement on December 31, 2021 to acquire substantially all of the assets related to AuraGen Aesthetic's novel fat grafting technology, the AuraGen 1-2-3 with AuraClens. The AuraGen system, developed by leading researchers and plastic surgeons at Massachusetts General Hospital, is FDA 510k-cleared for processing a patient's own fat for aesthetic body contouring in a broad range of aesthetic specialties.Ron Menezes, Sientra's President and Chief Executive Officer, said, "AuraGen's transformative fat grafting system will provide us with a unique platform to not only grow our total market share within breast procedures, but also allow us to significantly increase our total addressable market by expanding into other areas of the body, including the face, potentially replacing currently available procedures using synthetic fillers with a procedure that uses the patient's own tissue." Under the terms of the transaction, Sientra will acquire substantially all of the assets owned or controlled by AuraGen relating to its fat grafting technology for an upfront payment of $1M in cash and 3.9M shares of common stock. Additionally, the agreement includes milestone payments of $3M in cash due on the 12-month anniversary of signing, and up to $8.5M payable in cash, stock, or a combination of both, based upon reaching agreed clinical endpoints.
|
PECO | Hot Stocks08:04 EST Phillips Edison provides transaction activity update for 2021 - Phillips Edison & Company provided an acquisition and disposition activity update for the fourth quarter and second half of 2021. During the three months ended December 31, 2021, PECO acquired five grocery-anchored shopping centers and two outparcels totaling over 750,000 square feet for $219.1 million. During the same period, PECO disposed of four wholly owned centers and one outparcel totaling over 559,000 square feet for $28.7 million. Fourth quarter 2021 grocery-anchored shopping centers acquisitions included: Arapahoe Marketplace, anchored by Sprouts, in Greenwood Village, Colorado, part of the Denver MSA. Town & Country Village, anchored by Trader Joe's and Sprouts, in Sacramento, California. Rainbow Plaza, anchored by Albertsons, in Las Vegas, Nevada. Market Place at Pabst Farms, anchored by Metro Market, in Oconomowoc, Wisconsin, part of the Milwaukee MSA. Sprouts Plaza, anchored by Sprouts, in Las Vegas, Nevada. During the second half of 2021, PECO acquired seven grocery-anchored shopping centers and two outparcels totaling approximately 943,000 square feet for $267.4 million. This was at the top end of the upwardly revised guidance range PECO gave in its third quarter 2021 earnings release. During the same period, PECO disposed of eleven wholly owned centers, two outparcels, and one land parcel, totaling approximately 1.1 million square feet for $91.7 million. This was slightly below the low end of the guidance range PECO gave in its third quarter 2021 earnings release.
|
BPMC | Hot Stocks08:04 EST Blueprint Medicines announces CEO and leadership transition plan - Blueprint Medicines' Board of Directors has appointed Kate Haviland to succeed Jeff Albers as CEO, effective April 4. At that time, Albers will transition from his current role as Chairman, President and CEO to Executive Chairman of the Board of Directors and Haviland will transition from her current role as COO to President and CEO. In addition, Haviland will be appointed to serve on the company's Board of Directors, effective April 4. Christina Rossi has been promoted from Chief Commercial Officer to COO. In her new role, Rossi will retain leadership of global commercial strategy and operations, and expand her oversight to include portfolio strategy and program management, corporate development, and corporate affairs, effective April 4. Haviland joined Blueprint Medicines in January 2016 as Chief Business Officer and has served as COO since January 2019. Prior to joining Blueprint Medicines, Haviland held leadership roles as Vice President, Rare Diseases and Oncology Program Leadership at Idera Pharmaceuticals, Head of Commercial Development at Sarepta Therapeutics, Executive Director of Commercial Development at PTC Therapeutics, and roles in both corporate development and project management at Genzyme. Albers has agreed to serve as Executive Chairman through the end of 2022, with continued service as Chairman thereafter.
|
GLTO | Hot Stocks08:02 EST Galecto appoints Stephanie Oestreich as CBO - Galecto announced the appointment of a highly experienced biotech and pharmaceuticals executive Stephanie Oestreich, PhD, MPA as Chief Business Officer, a newly-created position at Galecto. Dr. Oestreich joins Galecto from Mnemo Therapeutics where she served as Vice President of Operations and Head of Alliance Management.
|
RARE | Hot Stocks08:02 EST Ultragenyx, GeneTx provide preliminary update on Phase 1/2 study of GTX-102 - GeneTx Biotherapeutics and Ultragenyx Pharmaceutical announced that the first four patients in the Phase 1/2 study have received multiple doses of GTX-102 and regular assessments for safety. To date three have also received a preliminary assessment of clinical response. There have been no treatment-related serious adverse events of any type nor adverse events related to lower extremity weakness observed in these patients, and initial assessments have shown early signs of clinical activity. The data safety monitoring board, DSMB, met to discuss the assessments for the first two patients in Cohort 4 and recommended that dose escalation may proceed as planned and the study may enroll the remaining four patients in this cohort. Since then, both patients in Cohort 4 met the criteria to increase their doses and have each escalated to the 5 mg dose, and Cohort 4 has been expanded and an additional patient has received their first dose. The DSMB for Cohort 5 is expected to meet soon and confirm whether enrollment for the remaining four patients in that group may commence. Data on full Cohorts 4 and 5 in the Canada/U.K. arm of the study is anticipated in mid 2022 after completing Day 128 of the protocol.
|
BKYI | Hot Stocks07:59 EST Herkimer County, NY selects PortalGuard Identity Management Platform - BIO-key International announced Herkimer County, NY has selected BIO-key's PortalGuard IAM platform to provide its workforce with secure access to mission-critical data to meet their cybersecurity insurance requirements
|
DPRO | Hot Stocks07:48 EST Draganfly unveils latest Vital Intelligence Smart Vital Kiosk - Draganfly announced the release of the Company's new Vital Intelligence Smart Vital Kiosk. Powered by Draganfly's groundbreaking AI Vital Intelligence platform, the Kiosk can screen, with voluntary consent, temperature, blood pressure, heart rate, respiratory rate, and oxygen saturation in seconds. The system does not register any personal data of the individual being screened. Draganfly's Smart Vital system is part of the Company's Vital Intelligence health and safety solution, which is able to screen, detect, assess, protect and provide continuous action against the potential threat of infectious diseases, including COVID-19.
|
WAVE | Hot Stocks07:48 EST Eco Wave Power completes milestone in Jaffa Port project - Eco Wave Power announced the first set of floaters and supporting structures for Eco Wave Power's grid-connected EWP-EDF One project have been delivered to the Jaffa Port project site in Israel, marking a key milestone in the development of this wave energy array. The floaters were delivered in accordance with the collaboration agreement entered between EWP-EDF One and Lesico. The project's next step is the upcoming installation of the first floaters on the Jaffa Port breakwater. Actual installation of the first set of floaters and the surrounding test setup infrastructure is expected to commence later this month, with the system functionality and capacity tests to be conducted in the second quarter of this year. Eco Wave Power delivered the floaters and supporting structures to the project site with trucks, as opposed to the traditional use of expensive ships and divers for equipment delivery for offshore wave energy installations.
|
SSNT | Hot Stocks07:48 EST SilverSun subsidiary acquires Acumatica division of Dynamic Tech Services - SilverSun Technologies announced that its wholly-owned subsidiary, SWK Technologies, has acquired the Acumatica division of Dynamic Tech Services, an Atlanta-based reseller of Acumatica ERP software solutions.
|
JAZZ | Hot Stocks07:47 EST Jazz Pharmaceuticals: Lancet Neurology publishes positive Phase 3 data of Xywav - Jazz Pharmaceuticals announced positive data from the Phase 3 multicenter, placebo-controlled, double-blind, randomized withdrawal study of Xywav oral solution for the treatment of adults with idiopathic hypersomnia were published online in The Lancet Neurology. The results of the Phase 3 clinical trial showed clinically meaningful and statistically significant differences with Xywav compared to placebo in the primary endpoint of change in the Epworth Sleepiness Scale score and key secondary endpoints, which included measures that assessed patients' perceptions of the changes in their idiopathic hypersomnia overall, symptom severity, including excessive daytime sleepiness, sleep inertia and prolonged sleep duration, and improved daytime performance. In August 2021, Xywav became the first and only drug approved for patients with idiopathic hypersomnia by the U.S. FDA. Xywav for idiopathic hypersomnia was made commercially available in November 2021.
|
CRNX SGTX | Hot Stocks07:40 EST Crinetics appoints Rogerio Vivaldi Coelho to board of directors - Crinetics Pharmaceuticals (CRNX) announced the appointment of Rogerio Vivaldi Coelho, M.D., M.B.A. to the company's board of directors. Dr. Vivaldi is currently the president and chief executive officer of Sigilon Therapeutics (SGTX), where he also serves as a member of the company's board of directors.
|
MINM | Hot Stocks07:40 EST Minim announces In-App Chat Support for motosync app - Minim announced from CES 2022 that it is the first home networking provider to offer In-App Chat Support in the motosync app, powered by Minim. In addition, the company unveiled an expanded WiFi 6 mesh portfolio. Coming in Spring/Summer 2022, the Motorola Q11 AX3000 mesh WiFi system and Motorola Q14 AXE5400 mesh WiFi system will join the Motorola AX1800 mesh WiFi system launched last fall online in Amazon.com, Walmart.com, and BestBuy.com. Pricing at this time is undisclosed; however, Minim plans to launch the first-of-its-kind WiFi 6E Motorola Q14 at a price point that rivals WiFi 6 competitors.
|
DCGO | Hot Stocks07:40 EST DocGo awarded two new mobile health contracts in Nevada - DocGo announced the award of two new contracts to Ambulnz by DocGo in the state of Nevada. The mobile health contracts include COVID-19 testing, COVID-19 vaccine programs, and at-home monoclonal antibody infusion treatments to eligible patients across the state of Nevada. These contracts were awarded to several companies; the combined value of DocGo's award is estimated at $55M over the next three years. In the coming weeks, trained DocGo clinicians will be able to facilitate these services across Nevada.
|
AGI | Hot Stocks07:39 EST Alamos Gold appoints Luc Guimond as VP, operations - Alamos Gold is pleased to announce the appointments of Luc Guimond as Vice President, Operations and Khalid Elhaj as Vice President, Business Strategy. Leon Grondin-Leblanc has been promoted to General Manager, Young-Davidson. Luc Guimond has nearly 35 years of experience in the mining industry in operations management, project management, mine construction, and corporate development in Canada and Australia; and was most recently General Manager, Young-Davidson. Leon Grondin-Leblanc is promoted to General Manager, Young-Davidson, where he most recently served as Underground Operations Superintendent since 2018. Khalid Elhaj joined Alamos Gold in 2015 and most recently held the role of Director, Corporate Development & Business Planning. As Vice President of Business Strategy, he will support the executive team's execution of business strategy and evaluation of key strategic initiatives and opportunities, as well as have responsibility for the forecasting and budgeting process.
|
HUT | Hot Stocks07:39 EST Hut 8 Mining reports 5,518 self mined Bitcoin in reserve as of December 31 - Hut 8 Mining provided a corporate update. For December 2021, 276 Bitcoin were mined, resulting in an average production rate of 8.9 Bitcoin per day; 100% of the self-mined Bitcoin for the month of December were deposited into custody; total Bitcoin balance held in reserve is 5,518 as of December 31, 2021, a 97% increase from the prior year-end; and Installed operating capacity currently sits at 2.0 EH/s, a 125% increase in hashrate from December 31, 2020. Operations Updates for December 2021: purchased 2,505 MicroBT M30S machines in Medicine Hat, Alberta, which added incremental hashrate of 228 PH/s during the month of December; installed 2,782 more efficient MicroBT M30S and M31S+ machines at the company's site in Drumheller, Alberta; electrical upgrades are ongoing at the Medicine Hat site, on track to contribute an additional 450 PH/s in February 2022; the company expects to have the North Bay site powered up in mid-Q1 2022 and fully operational at 35 MW by the end of Q1 2022, contributing approximately 850 PH/s of additional hashrate to operations, which is expected to bring our total hashrate across all three sites to 3.35 EH/s by the end of Q1 2022. On December 30, 2021, Hut 8 Holdings, a wholly owned operating subsidiary of the company, entered into a $30M senior secured equipment financing term loan with Trinity Capital. The loan is repayable over its 3-year term and carries a 9.5% interest rate.
|
NTLA | Hot Stocks07:39 EST Intellia Therapeutics, Kyverna announce collaboration to develop KYV-201 - Intellia Therapeutics and Kyverna Therapeutics announced a licensing and collaboration agreement for the development of an allogeneic CD19 chimeric antigen receptor, CAR, T-cell therapy for the treatment of a variety of B cell-mediated autoimmune diseases. As part of the agreement, Intellia granted Kyverna rights to use its proprietary ex vivo CRISPR/Cas9-based allogeneic platform for the development of KYV-201. In exchange, Intellia received an equity stake in Kyverna and made an additional investment in Kyverna. Kyverna will lead and fund preclinical and clinical development for KYV-201. Intellia will be eligible to receive certain development and commercial milestone payments, as well as low-to-mid-single-digit royalties on potential future sales. Intellia may also exercise an option to lead U.S. commercialization for KYV-201 under a co-development and co-commercialization agreement. If Intellia chooses to co-develop and co-commercialize KYV-201, it will pay an opt-in fee and share in 50% of development costs and future sales revenue from commercializing KYV-201 in the U.S. Kyverna retains all rights outside of the U.S., and Intellia will receive low-to-mid-single-digit royalties on net sales generated outside of the U.S.
|
PETV | Hot Stocks07:38 EST PetVivo enters distribution agreement with VetCove for SPRYNG device - PetVivo Holdings announced that VetCove has agreed to distribute PetVivo's therapeutic product, SPRYNG with OsteoCushion Technology. VetCove owns and operates a licensed veterinarian ordering/purchasing platform used by over 13,000 veterinary hospitals to compare prices and purchase medications, food and veterinary supplies from multiple vendors at once.
|
DISH | Hot Stocks07:37 EST Dish names John Swieringa President and COO of Dish Wireless - Dish named John Swieringa as President and COO of Dish Wireless. In this expanded role, he will be responsible for all operational aspects of Dish's wireless business including the deployment and management of Dish's virtualized, O-RAN 5G broadband network. John also will continue to lead Dish's retail wireless business, and oversee day-to-day wireless activities.
|
ARMK | Hot Stocks07:37 EST Aramark in strategic pact with Patient Engagement Advisors - Aramark announced it has entered into a strategic partnership with Patient Engagement Advisors, PEA, whose technology platform connects patients with transition specialists to help them navigate social determinants of health issues and solve for patient needs that extend through post-discharge care..."We are excited to join with Aramark and believe this is the right fit for our organization," said Jeff L. Moreland, Chief Executive Officer and Founder of Patient Engagement Advisors. "Now, with Aramark's scale, we can offer increased value to our hospital and health system partners."
|
FSV | Hot Stocks07:37 EST FirstService completes five acquisitions in property restoration operations - FirstService announced that it has recently completed five acquisitions within its property restoration operations, including four regional commercial restoration firms within its operating subsidiary, First Onsite Restoration, and an additional residential restoration services provider under its Paul Davis Restoration service line. These transactions further expand our North American geographic footprint and property restoration service capabilities. The leaders of each of these businesses will continue to run their respective day-to-day operations. Terms of the transactions were not disclosed. A-1 Flood Tech, founded in 1969 and headquartered in Manasas, Virginia under the leadership of President Greg Orndorff, Jr., provides commercial water mitigation and mold remediation services within Washington D.C., Maryland and Virginia. The addition of A-1 solidifies First Onsite's Mid-Atlantic coverage and deepens its presence within the Washington D.C. market, the sixth largest metropolitan area in the U.S. Established in 1976 and based in Seattle, Washington, Bales Restoration is a leading provider of commercial water remediation and restoration services within the Seattle metropolitan area. The company also delivers specialized containment and decontamination services expertise to hospitals and other healthcare facility clients. Bales augments both First Onsite's presence in the Pacific Northwest region and its healthcare vertical capabilities. Kauai Restoration & Cleaning, established in 2013 and led by its Founder, Gabe Prieto, is the leading provider of commercial mitigation and reconstruction services on the island of Kauai, Hawaii. The addition of Kauai Restoration further expands First Onsite's market-leading presence across the Hawaii islands. Founded in 2010, based in Milwaukee, Wisconsin and led by its Founder, Mike Wyne, Emergency Fire & Water Restoration is a full-service commercial property restoration firm serving the southern Wisconsin market. This acquisition bolsters First Onsite's Midwest regional coverage, adding a strong presence in the Milwaukee and Madison metropolitan areas within southern Wisconsin. In addition to the above-mentioned tuck-under transactions completed by First Onsite Restoration, our Paul Davis Restoration operations recently closed the acquisition of Stat Services, an independently owned provider of residential restoration services. Founded in 2002 and headquartered in Williamsburg, Virginia, the company provides emergency and reconstruction services to homeowners throughout the state of Virginia. Stat Services will be rebranded under the Paul Davis brand name and adds a new market territory to the Paul Davis network of 325 franchised and company-owned locations across North America.
|
INM | Hot Stocks07:36 EST InMed issues annual letter to shareholders on 2021 review, 2022 outlook - InMed Pharmaceuticals issued the following letter from President and CEO Eric Adams. "Dear Shareholders, Colleagues, and Business Partners... Building on a very strong 2021, we are looking forward to 2022 with the continued advancement of our pharmaceutical drug development programs and, with our acquisition of BayMedica, transitioning to becoming a leading B2B supplier of rare cannabinoids to the consumer health and wellness sector... We continue to make significant strides with our IntegraSyn program and hit several milestones throughout 2021... Our goal is to optimize this platform for large-scale, pharmaceutical-grade Good Manufacturing Practice production of rare cannabinoids, with the potential to integrate with BayMedica's biosynthesis or chemical synthesis manufacturing approaches... We've made great strides with our INM-755 program over the past year. Our top-line results from our second Phase 1 clinical study... set the groundwork to move forward to a Phase 2 efficacy trial... The Phase 2 study will be enrolling and treating EB patients at thirteen targeted sites across multiple countries throughout 2022... Throughout 2021, we continued to advance INM-088 towards human clinical trials for glaucoma. Our team conducted important preclinical studies that validated the use of cannabinol for glaucoma... InMed's preclinical studies were recently published in a leading international journal... In addition, we have completed several dose-ranging studies and conducted topline clinical study design work with a leading clinical research organization. Key next steps for this program include seeking regulatory authority input into our proposed preclinical data package and preliminary clinical trial designs... As of September 30th, 2021, our cash, cash equivalents, and short-term investments stood at $15.4 million, significantly up from $6.1 million at September 30th, 2020... Following the acquisition of BayMedica, our primary and immediate focus is completing the integration of the two companies and expediting commercial activities. We look forward to launching several new non-intoxicating rare cannabinoids in early 2022, including CBDV and THCV."
|
FCN | Hot Stocks07:35 EST FTI Consulting announces appointments in Restructuring, Litigation Services - FTI Consulting announced the appointment of Guy Davis as a Senior Managing Director and JP Eldred as a Managing Director within the Corporate Finance & Restructuring segment. Mr. Davis and Mr. Eldred, who are based in Richmond, Va., lead a team of eight other professionals who advise companies prior to and throughout the restructuring process, including bankruptcy planning, execution, plan confirmation and post-emergence operations. They have substantial experience providing litigation support and expert testimony in a range of matters such as breach of contract, lost profits, business interruption damages, valuation, fraudulent conveyance, solvency and employment. In addition to restructuring and litigation services, Mr. Davis and Mr. Eldred have experience with transactional due diligence and will work closely with the Transactions practice at FTI Consulting.
|
UGI | Hot Stocks07:35 EST UGI and Vertimass in pact to produce renewable fuels in the U.S. and Europe - UGI announced that it has entered into a 15-year agreement with California-based technology developer, Vertimass, to utilize their catalytic technology to produce renewable fuels from renewable-ethanol in the U.S. and Europe...UGI expects to invest either solely, jointly with Vertimass or in partnership with third parties to build and operate multiple production facilities over the next 15 years in locations across the U.S. and Europe, significantly increasing the supply of renewable-propane and SAF. UGI anticipates a total investment of roughly $500M for the bolt-on production facilities over a 15-year period, including potential third party investment, with total production target from these aggregated facilities of approximately 1 billion gallons of combined renewable fuels per annum. The goal is to have the first production facility onstream in fiscal year 2024 with an annual production target of approximately 50 million gallons of combined renewable fuels. Charles Wyman, Vertimass President and Chief Executive Officer, continued "Vertimass is extremely excited to work with UGI to commercialize our breakthrough technology. UGI and Vertimass have built strong relationships over the last year, which we believe will cement success." Bill Shopoff, Vertimass Chair, noted "Together we will take advantage of this unique low-cost technology to transform ethanol facilities and produce renewable fuels that will cover UGI's global footprint, as well as enable the production of SAF."
|
ALAC | Hot Stocks07:34 EST Alberton Acquisition receives Nasdaq extension for SolarMax merger - On January 3, 2022, Alberton Acquisition Corp. received notice from the Nasdaq Office of General Counsel that a Nasdaq Hearings Panel had granted the Company's request to continue its listing on Nasdaq through March 14, 2022. As previously reported, the Company received notice from the Listing Qualifications Department of The Nasdaq Stock Market stating that unless the Company timely requested a hearing before the Panel, the Company's securities would be subject to suspension and delisting from The Nasdaq Capital Market due to the Company's non-compliance with Nasdaq IM-5101-2, which requires that a special purpose acquisition company must complete one or more business combinations within 36 months of the effectiveness of its IPO registration statement. The Company timely requested a hearing before the Panel and the hearing was held on December 16, 2021. The Panel's decision is subject to certain conditions, including that the Company will have completed its previously announced proposed business combination with SolarMax Technology on or before the Extended Date and that the combined company will have demonstrated compliance with all applicable requirements for initial listing on Nasdaq. As previously announced, the Company has entered into a binding definitive agreement to merge with SolarMax. The Company filed its most recent amendment to the Proxy Statement/Registration Statement on Form S-4 for the merger on December 13, 2021. The Company intends to mail the S-4 to shareholders promptly following completion of the Securities and Exchange Commission review process and to hold the shareholder meeting at which it will seek approval for the Business Combination as soon as possible. In the event that the Company does not complete the Business Combination by the Extended Date or fails to demonstrate compliance with the Nasdaq initial or continued listing rules, the Company's securities would be subject to suspension on Nasdaq, absent an additional extension.
|
ALVR | Hot Stocks07:33 EST AlloVir receives RMAT designation for posoleucel from FDA - AlloVir announced that the FDA has granted its lead multi-virus specific T cell, or VST, therapy, posoleucel, Regenerative Medicine Advanced Therapy, or RMAT, designation for the treatment of adenovirus, or AdV, infection following allogeneic hematopoietic stem cell transplant (allo-HCT). The designation is based on positive results from the Phase 2 CHARMS study.
|
ORMP | Hot Stocks07:32 EST Oramed granted European patent for oral protein delivery platform - Oramed reported that the European Patent Office has granted the company a patent supporting Oramed's oral protein delivery platform technology which underlies its lead drug candidate ORMD-0801, now in pivotal Phase 3 studies and positioned to potentially be the first oral insulin capsule on the market. The granted patent covers a unique method for the purification of raw protease-inhibiting materials which are a key component of the platform technology that protects therapeutic proteins in the digestive system.
|
IFRX | Hot Stocks07:32 EST InflaRx initiates Phase III clinical program with vilobelimab in HS - InflaRx announced the initiation of the Phase III program with vilobelimab in hidradenitis suppurativa patients with active draining tunnels. The new primary endpoint, called modified HiSCR, as suggested by the FDA, will include measuring the reduction of all three types of lesions - inflammatory nodules, abscesses and draining tunnels. InflaRx completed a Type A meeting with the U.S. Food & Drug Administration in September 2021 to align on the Phase III HS study design. The FDA response was supportive of a pivotal study program that focuses on patients with active draining tunnels and a new primary efficacy endpoint that includes measuring the reduction of all three lesions - inflammatory nodules, abscesses and draining tunnels. InflaRx incorporated the FDA's input and submitted the Phase III protocol to the Agency in late November 2021. The FDA had no comments during the 30-day review period; so, InflaRx will now begin the study, including bringing on clinical sites. Enrollment is slated to start in Q2 2022. InflaRx will host a virtual R&D event on Thursday, February 3rd, beginning at 8:30 AM EST/2:30 PM CET. The Company will provide an update on vilobelimab development in HS, including details on the Phase III program. To participate in the conference call, participants may pre-register here and will receive a dedicated link and dial-in details to easily and quickly access the call.
|
ATNM | Hot Stocks07:31 EST Actinium Pharmaceuticals, EpicentRx announce research collaboration - Actinium Pharmaceuticals and EpicentRx, a San Diego-based clinical cancer immunotherapy company, announced that they have entered into a research collaboration to study Actinium's Actimab-A targeted radiotherapy in combination with RRx-001, EpicentRx's novel small molecule immunotherapy targeting the CD47-SIRPalpha axis. Under this strategic research collaboration, the two companies will work to determine the benefit of combining Actinium's targeted radiotherapy with EpicentRx's RRx-001, which are both clinical stage drug candidates, in acute myeloid leukemia.
|
MSSTF OTSKY | Hot Stocks07:24 EST MSRD collaborates, invests $5M in Mindset Pharma - The McQuade Center for Strategic Research and Development, MSRD, a member of the global Otsuka (OTSKY) family of pharmaceutical companies, and Mindset Pharma (MSSTF) announce a collaboration that will support the development of psychedelic medicines. MSRD has made a strategic investment to support the discovery and development of novel chemical entity assets of Mindset, a drug discovery and development company focused on creating optimized and patentable next-generation psychedelic medicines to treat neurological and psychiatric disorders with unmet medical needs. MSRD will financially and operationally support the development of two families of Mindset's novel medical psychedelic compounds through Phase 1a and Phase 1b clinical trials. MSRD has made an upfront cash payment of $5M to Mindset and under the terms of the agreement, MSRD and Mindset may agree to expand the collaboration to continue to develop the compounds as pharmaceutical products. In addition, Mindset has granted MSRD a right of first refusal with respect to any asset sale, exclusive licensing or collaboration opportunities pertaining to the drugs and a right of first negotiation with respect to a merger, acquisition or asset sale related to Mindset, both in exchange for the upfront payment, further collaboration, and funding of the development of Mindset's novel compounds. MSRD also has the ability to potentially receive single-digit percentage royalty payments under certain circumstances when the right of first refusal is not consummated or the agreement is terminated.
|
VEV | Hot Stocks07:22 EST Vicinity Motor receives $19M order from Olathe Fleet Solutions - Vicinity Motor announced that it has received an order from Olathe Fleet Solutions, a commercial truck dealership and fleet management company in Kansas, for over 150 VMC Optimal E1 Electric Chassis valued in excess of $19M. The VMC Optimal E1 orders are scheduled for delivery throughout 2022 for operation in school, commercial, shuttle, ambulance, last-mile and other market segments. The chassis will be produced at the new VMC Optimal manufacturing plant in Elkhart, Indiana and offer up to 125 mile range with the battery pack completely protected inside the chassis rails. Units will begin to be delivered in the first quarter of 2022.
|
CANF | Hot Stocks07:21 EST Can-Fite BioPharma provides update, raised additional $10M in December - Can-Fite BioPharma issued a Letter to Shareholders from its Chief Executive Officer, Dr. Pnina Fishman. "Beginning in the first quarter of 2022, we expect several significant and value-driving events during the calendar year. We are building upon the solid progress achieved in 2021 which included the completion of a 400-patient Phase III psoriasis study, the design, preparation, and clearance to commence our Phase III liver cancer and Phase II NASH studies, as well as several inventions and patents...Should the topline results confirm Piclidenoson's efficacy at 16 weeks as compared to placebo, we believe this would be a significant value-driving event. Piclidenoson has already been out-licensed to distribution partners in some European countries, Canada, South Korea, and China through agreements that include milestones payments, and we believe that positive results would trigger high interest in Piclidenoson in other major healthcare markets in which we are currently talking with potential partners. Following 32 weeks of treatment, if Piclidenoson proves non-inferior to Otezla, we believe this would be a significant event in the psoriasis treatment market, as Piclidenoson and Otezla are both oral drugs in a market dominated by injection-based biologics. We believe it is Otezla's oral dosing advantage that has led to the drug capturing robust market share and being acquired by Amgen for $13B in 2019...Phase IIb NASH Study Expected to Commence Patient Enrollment in Q1 2022 - The study will enroll 140 patients with biopsy-confirmed NASH with a primary endpoint to evaluate the efficacy of Namodenoson as compared to placebo, as determined by a histological endpoint. Patients will be randomly assigned in a 2:1 ratio to oral doses of Namodenoson 25 mg or placebo every 12 hours for 36 weeks. There is currently no FDA approved treatment for NASH, an urgent unmet need that is a leading cause of liver transplants. Patient Enrollment Expected to Commence in Pivotal Phase III Liver Cancer Study H1 2022 - In December, we announced that a prior Phase II liver cancer study patient who continues to be treated with Namodenoson has survived five years and cleared all cancer lesions...We enter 2022 with a strong balance sheet, having raised $10M in December in addition to the $13.3M we reported at the end of Q3 2021. While our advanced clinical trials addressing multi-billion markets in psoriasis, liver cancer, and NASH are expected to be our main drivers, we also expect continued development and potential value events from our out-licensing of Piclidenoson to treat osteoarthritis in the veterinary market, as well as development of CF602 in the treatment of erectile dysfunction, and our preclinical work with cannabinoids.
|
MEDIF | Hot Stocks07:20 EST Medipharm Labs completes payment of all convertible debt - MediPharm Labs announced that it has completed all payments required under its 2020 $41M unsecured convertible debt. On June 8, 2020, the Company closed a private placement with an US institutional investor for gross proceeds of $37.8M through the issuance of two senior unsecured convertible notes. Starting in October 2020, the notes amortized through bi-monthly installment payments payable, in cash or shares, on the first and tenth business day of each month prior to the maturity date of June 8, 2023. During the interim period between payment dates, the holder of the notes had the option to convert accelerated installment amounts, in whole or in part at an installment conversion price calculated in accordance with the terms of the notes. As of December 31, 2021, the entire debt has been repaid in full through both cash installments and share accelerations. This extinguishes the debt in full 18 months before the maturity date. MediPharm Labs has no other material debt and full ownership of its assets, which includes two GMP facilities - one in the province of Ontario, Canada and the other in the state of Victoria, Australia. Other major assets include manufacturing infrastructure and equipment. The Company is now debt agreement free with a clean balance sheet and strong cash position. This position paired with a robust plan to reduce overhead, operating expenses and general and administrative expenses gives MediPharm Labs longevity to execute on its sales contracts and pipeline.
|
ATHA | Hot Stocks07:20 EST Athira Pharma provides 2022 pipeline outlook - Athira Pharma provided an update on its clinical programs and outlook for 2022. Athira's 2022 Pipeline Outlook: Status and Upcoming Milestones: ACT-AD Phase 2 Study* in mild-to-moderate Alzheimer's disease: Enrollment in ACT-AD completed in October 2021 with 77 participants with mild-to-moderate Alzheimer's disease. Athira is on track to report top-line data in the second quarter of 2022. LIFT-AD Phase 3 Study in mild-to-moderate Alzheimer's Disease: Recruitment in the LIFT-AD trial is progressing well, with over 200 participants currently enrolled. Athira is increasing the study sample size by approximately 120 participants. The company anticipates enrollment completion in the third quarter of 2022 and to report top-line data in the first half of 2023. SHAPE Phase 2 Study in mild-to-moderate Parkinson's disease dementia and Dementia with Lewy bodies: Athira initiated the SHAPE trial in the fourth quarter of 2021. SHAPE is a Phase 2 proof-of-concept study of ATH-1017 in participants with mild-to-moderate Parkinson's disease dementia or Dementia with Lewy bodies. The company expects to dose the first patient in the SHAPE Phase 2 study in the first quarter of 2022. Phase 1 Study in Healthy Volunteers: Athira submitted an Investigational New Drug application for ATH-1020 in the fourth quarter of 2021. The Phase 1 study will evaluate the safety, tolerability, and pharmacokinetics of ATH-1020. The company expects to dose the first volunteer in the study in the first quarter of 2022.
|
LAD | Hot Stocks07:19 EST Lithia & Driveway exceeds December monthly Driveway transaction target by 32% - Driveway reported 1,650 transactions in the month of December, significantly exceeding the previously announced 1,250 transactions for December or 15,000 annual run-rate goal. With 96% of Driveway customers new to LAD, these transactions represent an estimated annual incremental revenue contribution of nearly $0.5B dollars. This incremental revenue combined with the Lithia store e-commerce business represents approximately $5B in revenue on an annualized basis.
|
OSUR | Hot Stocks07:18 EST OraSure annouces certain organizational changes - The Company is making certain organizational changes to focus priorities, resources, expertise, and drive improved operational performance. Under the new vertically integrated business unit structure, operations, R&D and manufacturing will now report to each of the respective business unit leaders. Key to these changes, Lisa Nibauer will become President of Diagnostics and Kathleen Weber will become President of Molecular Solutions. Ms. Nibauer joined OraSure as Executive Vice President, Business Unit Leader, Diagnostics, in May 2020. Ms. Weber has served as the Executive Vice President, Business Unit Leader for Molecular Solutions, since January 2019 and previously held various senior executive leadership roles at OraSure since joining the Company in 2012.
|
AGFY | Hot Stocks07:17 EST Agrify completes acquisition of PurePressure - Agrify announced it has completed its acquisition of PurePressure, a company that manages solventless extraction and advanced ice water hash processing equipment in the cannabis and hemp industry. "With the acquisition of PurePressure, Agrify has strengthened its rapidly expanding extraction division by adding best-in-class solutions to its product portfolio in two of the fastest growing subcategories in the cannabis and hemp extraction market," the company said. Raymond Chang, Chairman and CEO of Agrify, said, "Within a short amount of time, we have assembled the best extraction talent in the industry and what we believe is the most compelling, complete, and advanced product offerings in the extraction space... We look forward to providing our customers with the most comprehensive suite of solutions on the market, and we expect our extraction division will play a pivotal role in helping us capitalize on a variety of new growth initiatives that we hope to pursue in 2022 and beyond."
|
OSUR | Hot Stocks07:17 EST OraSure CEO Stephen Tang to depart - OraSure announced that Stephen Tang Ph.D., President and CEO, will be the leaving the Company as of March 31, 2022. In the interim, Dr. Tang will focus primarily on assisting the Board in its strategic review process and helping to ensure an orderly transition of the CEO role. Under Dr. Tang's four years as CEO, OraSure acquired four companies and launched several COVID-19 products, including InteliSwab. As a member of the Board, he will have served for 11 years, including Chairman. The Board has initiated a search for his successor as CEO. During this transition, while the CEO search is in process, the Board of Directors will be taking a more active role. For this purpose, the Board has appointed Director Eamonn Hobbs to serve as point person for the Board. Mr. Hobbs will not be a candidate for the permanent CEO position.
|
OSUR | Hot Stocks07:16 EST OraSure announces evaluation of strategic alternatives - The COVID-19 pandemic has provided OraSure an opportunity to fundamentally transform into a higher growth, more innovative and efficient organization with broader customer reach, both within and outside the United States. The Company believes it is well positioned to address current public health challenges and capitalize on diagnostic trends in the market and enhance its operational and competitive profile. Against this backdrop, the OraSure Board of Directors intends to explore and evaluate a broad range of strategic alternatives with the goal of maximizing value for stockholders. There can be no assurance that the exploration of strategic alternatives will result in any agreements or transactions, or that, if completed, any agreements or transactions will be successful or on attractive terms. OraSure does not intend to make any further public comment regarding the review until it has been completed or the Company determines that disclosure is required or appropriate. Evercore is serving as OraSure's financial advisor and Troutman Pepper is serving as the Company's legal advisor in this evaluation.
|
INFI | Hot Stocks07:15 EST Infinity outlines strategy, sees FY22 net loss $45M-$55M - Infinity Pharmaceuticals provided an update on eganelisib clinical development plans and 2022 guidance. "Eganelisib is a unique drug for which we have presented positive results in multiple indications where checkpoint inhibitors have provided little to no patient benefit. Based on these strong data, we will be initiating a registration study in frontline TNBC in 2022 - due to the magnitude of the unmet need in this very large patient population and the magnitude of the eganelisib benefit. Eganelisb combination therapy has demonstrated tumor volume reductions of 92.8% and 85.2%, and disease control rates of 92.8% and 81.4%, in PD-L1(+) and PD-L1 (-) frontline TNBC patients, respectively, as well as improvements in progression free survival over standard of care benchmarks regardless of PD-L1 status," said Adelene Perkins, Chief Executive Officer and Chair, Infinity Pharmaceuticals. "We are aggressively advancing a registration focused study in TNBC with the goal of bringing eganelisib to patients in need as quickly as possible. We also continue to be encouraged by the overall survival benefit seen in patients with urothelial cancer, and to support the initiation of future registration trials in 2023 and beyond, we are also expanding the development of eganelisib in a platform study in additional indications where checkpoint inhibitors and other current therapies have offered little benefit," said Robert Ilaria, Jr. M.D., Chief Medical Officer, Infinity Pharmaceuticals. Infinity ended 2021 with approximately $81 million in cash and investment and plans to report its fourth quarter and full-year 2021 financial results in March 2022. The Company expects to end 2022 with between $25M to $35M in cash and investments based on its current operating plans, which excludes additional financing or business activities. The company expects net loss for 2022 to range between $45M to $55M.
|
CDNA | Hot Stocks07:15 EST CareDx expands services with acquisition of The Transplant Pharmacy - CareDx announced that it has acquired The Transplant Pharmacy, a transplant focused pharmacy located in Flowood, Mississippi, to expand its medication management and adherence services. The Transplant Pharmacy provides individualized transplant pharmacy services for patients at multiple transplant centers located throughout the United States. Reg Seeto, CEO and President of CareDx, said, "With this acquisition and our entry into the pharmacy space, we will be able to strengthen our connection to patients, offer more touchpoints along their pre- and post-transplant journey and, ultimately, help improve outcomes." The acquisition of The Transplant Pharmacy expands CareDx's medication adherence-focused healthcare solutions for patients, which currently includes products such as: AlloCare, a mobile health app for managing the day-to-day health of patients pre- and post transplant; Transplant Hero, a pill reminder app; and MedActionPlan, a medication management and adherence platform
|
GFAI | Hot Stocks07:13 EST Guardforce issues letter to shareholders - Guardforce issued a letter to shareholders from Terence Yap, chairman of Guardforce AI. "2021 was a pivotal year for Guardforce AI. We continued our expansion from a cash logistics business to an integrated security solutions provider and entered the U.S. capital markets. We founded Guardforce AI in 2018 to acquire Guardforce Cash Solutions Security (Thailand) Co., Ltd., or GF Cash, a secured logistics company with almost 40 years of experience delivering comprehensive services for door-to-door cash collection and delivery, supporting banks, government organizations, multinationals, blue chip companies, SMEs and retailers in Thailand. Today, we have rapidly evolved through a series of organic growth strategies and acquisitions to provide secured logistics, robotics applications and cybersecurity services in Asia and the U.S. In 2020 we introduced robotics solutions for our customers in Thailand and the Asia Pacific region with the launch of AI powered robots managed by an Intelligent Cloud Platform (ICP) for deployment to medical institutions, office buildings, business units, campuses, residential communities and apartments. As robotics revenues continue to scale during 2021, we entered two new growth markets within the Asia Pacific region via the merger of Macau GF Robotics Limited and GF Robotics Malaysia Sdn. Bhd, which is expected to close early in 2022. Both locations provide great opportunities for robotics solutions, especially in the education, hospitality, retail, and corporate sectors in this fast-growing region. Our robotics segment continued to expand with the recent proposed acquisition of SBC Global Holdings Inc in the United States. The company provides autonomous robotics solutions that drive business continuity and community health - enabling healthier, safer and more efficient offices, residential and commercial real estate, schools, airports and many other sectors. We believe the acquisition will further empower our operations and ability to deploy robotic and technology solutions in the United States and Canada. This acquisition is also expected to close early in 2022... Operationally, 2021 was marked by our entrance into the U.S. capital markets with a successful initial public offering with gross proceeds of approximately $15 million, before underwriting discounts and other offering expenses. Combined with our over $7.7 million cash balance as of June 30, 2021, we are confident our acquisition program will have sufficient capital to fund its pipeline of accretive new partnerships. The listing of our shares on the Nasdaq represents a significant milestone for Guardforce AI. We believe a Nasdaq listing will help elevate the Company's public profile, expand our shareholder base, improve liquidity and enhance shareholder value. Looking ahead, our momentum will continue to build as we focus on expanding our Robots as a Service (RaaS) platform to efficiently offer more AI value-added services for our customers. We are accelerating the development of new cybersecurity and robotics/AI applications in response to market needs and feedback from our customers. We will continue to seek strategic opportunities to acquire or partner with leading security industry companies to enhance our technology capabilities and expand our international presence. To our shareholders and all our partners, thank you for your continued support, and I look forward to another year of success in 2022."
|
VIEW | Hot Stocks07:12 EST Nabr to deploy View Smart Windows, Smart Building Platform across properties - View, Inc. announced a partnership with home design company Nabr to reimagine the future of urban living. SoFA One, their first development in Silicon Valley, will set a new standard for healthier, more experiential, greener, and smarter residential developments. All Nabr Homes will feature View Smart Windows, which adjust automatically to provide continuous access to natural light and outdoor views while minimizing heat and glare. The smart windows reduce energy consumption for cooling and lighting by up to 20%, while generating significant wellness benefits for residents. A recent study demonstrated that people living in buildings with View Smart Windows sleep longer and experience lower stress and anxiety compared to those in homes with traditional windows and blinds. Additionally, View's cloud-connected smart building network, View Net, will power all connected products in Nabr developments, such as smart locks, access controls, air quality sensors, smart thermostats, parking, and other resident and community applications, on one unified and secure platform
|
MAIN | Hot Stocks07:11 EST Main Street invests $24.8M in Career Team Holdings - Main Street completed a new portfolio investment in Career Team Holdings to facilitate the recapitalizations of Career TEAM and Career Edge. The companies are a provider of workforce development services and learning and case management software solutions to regional workforce development boards, federally and state-funded work programs, and higher learning institutions across the country. Main Street, along with its co-investor, partnered with Iron Creek, a sector-focused private investor that Main Street has partnered with on multiple prior investments over the last decade, and the companies' existing owner and CEO to facilitate the transaction and provide growth capital, with Main Street funding $24.8M in a combination of first-lien, senior secured term debt and a minority direct equity investment. In addition, Main Street and its co-investor are providing Career TEAM with a revolving line of credit. Founded in 1996 and headquartered in North Haven, Connecticut, the companies are a career consultancy firm and software solution serving the government and education markets.
|
AKYA TECH | Hot Stocks07:11 EST Akoya, Bio-Techne partner to deliver automated spatial multiomics workflow - Akoya Biosciences (AKYA) and Bio-Techne (TECH) announced a partnership to develop the first single-cell, spatial multiomics workflow for comprehensive, unbiased analysis of tissue samples. Through this agreement, the partners will bring to the market an automated, spatial multiomics workflow that can perform rapid, in situ analysis of multiple analytes, at single cell resolution, across whole slides. Akoya's PhenoCycler-Fusion System, due to launch in early January 2022, will run the company's protein imaging assays in addition to automating Advanced Cell Diagnostics', a Bio-Techne brand, proven and highly cited RNAScope HiPlex v2 assay for RNA imaging. "The life sciences market has long needed an approach that provides an unbiased, multiomics view of tissue biology and architecture, which is critical for understanding complex mechanisms of disease and response to therapy," said Brian McKelligon, Chief Executive Officer of Akoya Biosciences. "The partnership with Bio-Techne, which revolutionized RNA in situ hybridization methods, can further empower researchers with the spatial tools and technologies required to ignite innovation, and break barriers to advance discovery of new biomarkers and improve treatment options."
|
MRNA | Hot Stocks07:10 EST Moderna says1st participant dosed in mRNA EBV vaccine in Phase 1 study - Moderna announced the first participant has been dosed in the Phase 1 study of mRNA-1189, the Company's Epstein-Barr Virus, EBV, vaccine candidate. The study is known as Eclipse. "EBV is one of the most common viral infections in the world, and despite the fact that it causes infectious mononucleosis, which impacts millions of adolescents globally, no vaccine is currently available. Adolescents who develop infectious mononucleosis are frequently absent from school for weeks and even months at a time, impacting the quality of their education and their families," said Stephane Bancel, Chief Executive Officer of Moderna. "The start of this Phase 1 study is a significant milestone as we continue to advance mRNA vaccines against latent viruses, which remain in the body for life after infection and can lead to chronic medical conditions. Moderna is committed to developing a portfolio of first-in-class vaccines against latent viruses for which there are no approved vaccines today, including vaccines against CMV, EBV and HIV. Our research team is working to bring even more vaccines against latent viruses to the clinic. We believe these vaccines could have a profound impact on quality of health for hundreds of millions of people around the world."Moderna's vaccine candidate against EBV is being developed to prevent EBV-induced IM and potentially EBV infection. Similar to Moderna's cytomegalovirus vaccine candidate , mRNA-1189 contains four mRNAs that encode EBV envelope glycoproteins , which mediate viral entry into B-cells and epithelial surface cells, the major targets of EBV infection. Currently, there is no approved vaccine for EBV or IM. Potential future indications may be the prevention of EBV reactivation in other types of conditions such as post-transplant lymphoproliferative disease.
|
XOS | Hot Stocks07:10 EST Xos appoints Scott Zion as director of medium duty vehicles - Xos announced it has named Scott Zion as Director of Medium Duty Vehicles. Mr. Zion will be responsible for the strategy and execution of Xos' medium-duty division focused on Class 6 and 7 Xos vehicles. Prior to Xos, Mr. Zion was previously Assistant General Manager at Hino Motors Manufacturing USA, Inc. where he was responsible for helping Hino electrify their vehicles for the U.S. market.
|
CSIQ | Hot Stocks07:10 EST Canadian Solar unit to sell 150 MWac Virginia solar project to Appalachian Power - Canadian Solar announced its wholly-owned subsidiary, Recurrent Energy, has completed a purchase and sale agreement with Appalachian Power for Recurrent's Firefly Energy solar project located in Pittsylvania County, Virginia. With a capacity of 150 MWac, the Firefly project will be Appalachian Power's largest solar energy acquisition to date and will help the utility meet its clean energy requirements under the Virginia Clean Economy Act. The Firefly Energy solar project will be developed and constructed by Recurrent under a Build Transfer Agreement. Once construction is completed, Appalachian Power, which serves customers in Virginia, West Virginia, and Tennessee, will be the long-term owner of the project. Pending local and state permits and other regulatory approvals, construction of the project is expected to start in early 2023 and reach commercial operation in 2024. Recurrent received approval on its Siting Agreement for the Firefly project last month from the Pittsylvania County Board of Supervisors. The agreement provides $2.25M in upfront payments to Pittsylvania County in addition to long-term revenue for public services over the life of the project.
|
TRVI | Hot Stocks07:09 EST Trevi Therapeutics provides clinical trial updates for lead indications - Trevi Therapeutics expects to perform an interim statistical update in Q1 for its ongoing Phase 2 CANAL trial of Haduvio in patients suffering from chronic cough due to idiopathic pulmonary fibrosis. Trevi also expects to end enrollment in its Phase 2b/3 PRISM trial for pruritus associated with prurigo nodularis by January 31, 2022. Trevi intends to conduct the interim statistical update for the CANAL trial based on a conditional power assessment. An independent statistician will review the pre-planned analysis on the primary endpoint of change in daytime cough frequency for oral nalbuphine ER compared to placebo. The information from the statistical update will be used to determine whether proof-of-concept can be established prior to the full enrollment of the study. The company expects to complete the statistical update in the 1Q 2022. Trevi continues progress in its PRISM Ph2b/3 trial in pruritus with prurigo nodularis and expects to end enrollment by the end of January. The Company continues to expect top-line data from the 14-week blinded portion of the trial in the 1H 2022.
|
CNTB | Hot Stocks07:08 EST Connect Biopharma reports data from global phase 2b trial of CBP-201 - Connect Biopharm reported detailed "positive" data from the global phase 2b clinical trial of CBP-201 administered subcutaneously, SC, to adult patients with moderate-to-severe atopic dermatitis, AD. The Company announced topline results from the Phase 2b trial on November 18, 2021 indicating that all three CBP-201 arms met the primary endpoint of eczema area and severity index, EASI, percent reduction from baseline at Week 16 and were statistically superior to placebo. The announcement noted that multiple key secondary endpoints were also met with CBP-201. CBP-201 was also observed with favorable safety data and, versus placebo, demonstrated a similar incidence of Treatment-Emergent Adverse Events, TEAEs, Serious Adverse Events, SAEs, and TEAEs leading to study drug discontinuation. For adverse events of special interest among patients receiving CBP-201, there were low reported incidences of injection site reactions and conjunctivitis.
|
BCYC | Hot Stocks07:07 EST Bicycle Therapeutics announces updates appoints Michael Skynner CTO - Bicycle Therapeutics announced continued progress in its ongoing Phase I/II clinical trials of BT8009, BT5528 and BT7480. "Last quarter, we reported interim clinical results from ongoing trials of two of our Bicycle toxin conjugates, BT8009 and BT5528, demonstrating preliminary anti-tumor activity in two tumor types, and announced the first patient dosed in the Phase I clinical trial of BT7480, our first tumor-targeted immune cell agonist to enter the clinic. In our trial of BT8009, we are pleased to confirm the preliminary activity and see that these patients remain on trial. We look forward to presenting interim BT8009 Phase I results at a medical meeting and initiating the BT5528 expansion cohorts this year," said Kevin Lee, Ph.D., Chief Executive Officer. "We are also pleased with our progress advancing BT7480 in the ongoing Phase I clinical trial and look forward to sharing additional details regarding the potential for Bicycles beyond our toxin conjugates as we strive to become a leader in the development of targeted oncology therapeutics." Dose escalation in the BT8009 Phase I trial remains ongoing, with patients currently being dosed at 7.5mg/m2 weekly or every-other-week. Bicycle intends to present interim Phase I results from the ongoing clinical trial at a medical meeting this year. The Phase I/II trial of BT5528, Bicycle's second-generation BTC targeting EphA2, is also ongoing, with plans remaining on track to initiate the expansion cohorts this year, with an expected recommended Phase II dose of 6.5mg/m2 every-other-week. Bicycle also initiated a Phase I clinical trial of BT7480, a novel, fully synthetic Bicycle TICA targeting Nectin-4 and agonizing CD137, in the fourth quarter of 2021, and dose escalation in that trial remains ongoing. BT7480 and other Bicycle TICAs, including a novel NK-cell-engaging molecule, were the subjects of four posters at SITC in November. Bicycle is also announcing the expansion of and transition in its management team. Michael Skynner, Ph.D., the company's Chief Operating Officer, COO, has been appointed to the newly created position of Chief Technology Officer, effective January 3 to focus on leading and overseeing the growth of Bicycle's proprietary phage display discovery platform in oncology, as well as on creating innovative opportunities for the platform outside of oncology.
|
CEVA | Hot Stocks07:06 EST Winner Micro licenses CEVA's bluetooth and Wi-Fi IP platforms - CEVA announced that Beijing Winner Microelectronics, a supplier of wireless communications chips for the IoT, has licensed the RivieraWaves BLE5 and Wi-Fi 6 IP platforms for its next generation of wireless connectivity SoCs targeting IoT markets including smart homes, medical monitoring, video surveillance, and industrial applications.
|
TECH AKYA | Hot Stocks07:06 EST Bio-Techne and Akoya Biosciences partner for spatial RNA phenotyping - Bio-Techne (TECH) and Akoya Biosciences (AKYA) announced a partnership to develop the first single-cell, spatial multiomics workflow for comprehensive, unbiased analysis of tissue samples. Through this agreement, the partners will bring to the market an automated, spatial multiomics workflow that can perform rapid, in situ analysis of multiple analytes, at single cell resolution, across whole slides. Akoya's PhenoCycler-Fusion System, due to launch in early January 2022, will run the company's well-established protein imaging assays in addition to automating Advanced Cell Diagnostics', a Bio-Techne brand, proven and highly cited RNAScope HiPlex v2 assay for RNA imaging. Under the terms of the agreement, Bio-Techne and Akoya will develop and co-market protocols to enable automated workflows for running RNAScope assays on Akoya's spatial phenotyping systems. This new combined workflow complements Akoya's spatial transcriptomics capabilities, currently under development, serving as an important validation tool for deep spatial phenotyping applications.
|
EVGO | Hot Stocks07:05 EST EVgo appoints Dennis Kish as COO - EVgo announced the appointment of Dennis Kish as COO, effective January. Kish will oversee all charger installation activities related to contractual commitments and public and fleet network expansion, including site development, engineering and construction, and contract management. Kish will also lead EVgo's asset management, field operations, and customer care functions. Prior to joining EVgo, Kish served in numerous leadership roles including President of Google Fiber, where he oversaw the development of distributed fiber optic networks across the country to directly serve US consumers.
|
PWFL | Hot Stocks07:05 EST PowerFleet appoints Steve Towe as Chief Executive Officer - PowerFleet has appointed Steve Towe as the company's new Chief Executive Officer, CEO. Towe replaces Chris Wolfe, who has retired from the business after serving as CEO since December 2016. Towe has also been appointed to the PowerFleet Board of Directors. Towe joins PowerFleet from Aptos where he served as President and Chief Operating Officer for the past five years.
|
BHVN... | Hot Stocks07:05 EST Biohaven Pharmaceutical, Pfizer complete rimegepant, zavegepant collaboration - Biohaven Pharmaceutical (BHVN) and Pfizer (PFE) announced that the parties have completed the collaboration transaction between the two companies. The transaction agreements, including Pfizer's commercialization of rimegepant and zavegepant outside of the U.S., have become effective following the receipt of required regulatory approvals and the satisfaction of other customary conditions, and BHVN shares have been issued to Pfizer. Biohaven will continue to lead research and development globally and retain rights to the U.S. market. In connection with the closing of the equity purchase and effectiveness of the strategic transaction, Pfizer made an upfront payment to Biohaven of $500M, consisting of $150M cash and $350M in the purchase of Biohaven equity. At close, Pfizer will own 3% of Biohaven. Biohaven is also eligible to receive up to $740M in future milestones. In addition to the tiered double-digit royalties owed to Biohaven on net sales outside of the U.S., Pfizer will compensate Biohaven for a pro-rata share of certain of its sales-based milestone obligations owed to Bristol-Myers Squibb (BMY), and for the related royalties on net sales outside of the U.S. owed under Biohaven's license and funding agreements with BMS and Royalty Pharma.
|
BLDR | Hot Stocks07:05 EST Builders FirstSource completes acquisition of National Lumber - Builders FirstSource announced that it has acquired National Lumber, the largest independent building materials supplier in New England. National Lumber operates 19 facilities and employs more than 700 people across Massachusetts, Connecticut and Rhode Island, with a diverse mix of products and end markets. National Lumber sales are expected to be approximately $440M in 2021. National Lumber President Manny Pina, along with other key members of senior leadership, will continue their tenures managing local operations following the acquisition.
|
ELMS | Hot Stocks07:04 EST Electric Last Mile Solutions announces product, tech exhibit at CES - Electric Last Mile Solutions announced it is hosting an exhibit at the Consumer Electronics Show to be held on January 5-7, 2022. ELMS is displaying both of its ELMS all-electric commercial vehicles - the Class 1 Urban Delivery and Class 3 Urban Utility - at CES. Additionally, ELMS Chief Digital Officer Jonathan Ballon, will present the Company's digital strategy at CES. The ELMS Urban Delivery is expected to be the first and only Class 1 commercial electric vehicle available in the United States. The Urban Delivery boasts 20% more cargo space than the current leading Class 1 ICE model and targets a best-in-class payload of 2,100 pounds. The newest model of the Urban Delivery that will be on display at CES has an impressive suite of state-of-the-art safety systems including a patent pending energy absorbing front bumper system, a full suite of driver side airbags, and advanced seat belt pre-tensioners. This new model of Urban Delivery is expected to join the Urban Delivery campus model for sale to customers later this month. The ELMS Urban Utility is slated for production in the second half of 2022, and it is targeting more than 5,700 pounds of max payload and 125 miles of range. The Urban Delivery's cab-over chassis design can be configured to cover a wide variety of customer use cases including delivery, construction, landscaping, towing and refrigeration.
|
OCUP | Hot Stocks07:03 EST Ocuphire Pharma provides corporate update, upcoming milestones - Ocuphire Pharma provided a corporate update available on the company's website. This update includes recent progress on Nyxol trials, the Company's cash position, and the announcement of an Investor R&D day in late January. Initiated Enrollment in MIRA-4 Pediatric Trial in Reversal of Mydriasis: Ocuphire recently enrolled the first subjects in MIRA-4, which is a randomized, double-masked, placebo-controlled study of Nyxol eye drops to reverse pharmacologically-induced mydriasis in healthy pediatric subjects. Completed Enrollment of LYNX-1 Study in Night Vision Disturbances: Enrollment has been completed in the LYNX-1 Phase 3 clinical trial investigating Nyxol for the treatment of NVD. LYNX-1 is a randomized, double-masked, placebo-controlled registration study designed to evaluate the safety and efficacy of Nyxol compared to placebo in patients with NVD. Key Anticipated 2022 Milestones: Reversal of Mydriasis: Report top-line results in early 2022 from the Nyxol Phase 3 MIRA-3 registration trial and the MIRA-4 pediatric trial; Planning to file an NDA with FDA for Nyxol in RM indication in late 2022. Presbyopia: Initiate Phase 3 program in 1H 2022 investigating Nyxol and low-dose pilocarpine. Night Vision Disturbances, NVD: Report top-line results in early 2022 from the Nyxol Phase 3 LYNX-1 trial. Diabetic Retinopathy and Diabetic Macular Edema: Report top-line results in 2H 2022 from the APX3330 Phase 2 ZETA-1 trial. As of December 31, 2021, Ocuphire had cash and cash equivalents of approximately $24.5M. "We expect that our strengthened balance sheet will support operations into the second quarter of 2023, as compared to previous guidance of late 2022," the company said. Ocuphire had 18.8 million shares of common stock outstanding as of year-end. Ocuphire will host a Virtual Investor R&D Day for the investment community on January 31, 2022.
|
PLTR | Hot Stocks07:03 EST Palantir and Hyundai Heavy Industries partner for big data engineering platform - Palantir and Hyundai Heavy Industries - HHI - Group will collaborate to build a big data platform for HHI's core businesses, including shipbuilding and offshore engineering. The two parties will also consider establishing a joint venture to promote the big data platform business in the mid- to long-term. HHI Group and Palantir signed a memorandum of understanding on January 4 for the establishment of the big data platform and a joint venture. HHI Group and Palantir will jointly build a big data platform for the Group's key affiliates related to shipbuilding & offshore engineering, energy, and industrial machinery. Palantir will offer software and development personnel. Once the big data platform for each affiliate is built, the two parties plan to create a joint venture that specializes in developing and selling big data platform services. Hyundai Heavy Industries, a shipbuilding and offshore engineering affiliate of HHI Group, is working to transform itself into a smart shipyard, the first of its kind in the world, by 2030. The big data platform will also be adopted by energy affiliates, such as Hyundai Oilbank.
|
MIRO HAE | Hot Stocks07:03 EST Miromatrix Medical appoints Lisa Wipperman Heine, William Burke to board - Miromatrix Medical (MIRO) announced the expansion of the board and appointment of two new board members: Lisa Wipperman Heine and William Burke. Formerly, Lisa Wipperman Heine was the President and CEO of PreCardia prior to its acquisition by Abiomed in 2021. Bill Burke has served as CFO and Executive VP of Haemonetics Corporation (HAE), a multinational company offering a comprehensive portfolio of blood management devices and disposables, since 2016.
|
NUVA | Hot Stocks07:02 EST NuVasive receives FDA 510(k) clearance for expanded indications of Attrax Putty - NuVasive announced the company received U.S. FDA 510(k) clearance for expanded indications of use for Attrax Putty with its comprehensive thoracolumbar interbody portfolio for spine surgery. Attrax Putty is the first synthetic biologic to receive indications for use in interbody fusions of the thoracolumbar spine.
|
T | Hot Stocks06:52 EST AT&T delivered total postpaid net adds of 1.3M in Q4 - Pascal Desroches, senior executive vice president and CFO, AT&T, will provide an update to shareholders at Citi's AppsEconomy Conference on January 5 at 10 a.m. ET. Ahead of his appearance, the company is providing select fourth-quarter subscriber results as it continues to deliver on its strategic objective to grow customer relationships across wireless, fiber and HBO Max: For the fourth quarter of 2021, AT&T delivered total postpaid net adds of 1.3M, including approximately 880,000 postpaid phones. For the full-year 2021, postpaid phone net adds were 3.2M, AT&T's highest annual postpaid phone net adds in more than a decade as the company continues to benefit from strong network performance and its disciplined and consistent go-to-market strategy. AT&T added approximately 270,000 fiber subscribers for the quarter. Full-year 2021 fiber net adds totaled about 1M, the fourth consecutive year in which the company has added 1 million or more fiber subscribers. AT&T ended the year with an additional 2.6M fiber customer locations, compared to its prior expectation of about 2.5M. AT&T ended the year with approximately 73.8M total global HBO Max and HBO subscribers, ahead of management's prior guidance that end-of-year subscribers would be at the high end of its 70M-73M subscriber target.
|
NRXP | Hot Stocks06:51 EST NRx Pharmaceuticals submits EUA to FDA for Zyesami - NRx Pharmaceuticals announced that it has submitted an application for Emergency Use Authorization, or EUA, to the FDA for the use of Zyesami in patients with Critical COVID-19 who are at immediate risk of death from Respiratory Failure despite treatment with approved therapy including remdesivir and who are ineligible for enrollment into the ongoing ACTIV-3b NIH-sponsored trial.
|
USAK NKLA | Hot Stocks06:48 EST USA Truck enters LOI for initial purchase of 10 Nikola Tre BEV trucks - USA Truck (USAK) has entered into a letter of intent, or LOI, for an initial purchase of 10 Nikola Tre BEV trucks from Thompson Truck Centers, a member of the Nikola (NKLA) sales and service dealer network. The LOI between USA Truck and Thompson Truck Centers is a "fleet-as-a-service" model where Thompson will provide sales, service, maintenance, and energy infrastructure required to operate the Nikola Tre BEV trucks, expected to be delivered in the first half of 2022. The agreement also includes the option to purchase an additional 90 Nikola zero-emission trucks over the next two years.
|
PFE BNTX | Hot Stocks06:47 EST Pfizer, BioNTech to partner on first mRNA-based shingles vaccine - Pfizer (PFE) and BioNTech (BNTX) announced a new research, development and commercialization collaboration to develop a potential first mRNA-based vaccine for the prevention of shingles. The collaboration builds on the companies' success in developing the first approved and most widely used mRNA vaccine to help prevent COVID-19. This is the third collaboration between Pfizer and BioNTech in the infectious diseases field, following the influenza vaccine collaboration initiated in 2018 and the COVID-19 vaccine collaboration initiated in 2020. Under the terms of the agreement, the companies will leverage a proprietary antigen technology identified by Pfizer's scientists and BioNTech's proprietary mRNA platform technology used in the companies' COVID-19 vaccine. The parties will share development costs. Clinical trials are planned to start in the second half of 2022. Pfizer will have rights to commercialize the potential vaccine on a global basis, with the exception of Germany, Turkey and certain developing countries where BioNTech will have commercialization rights. The companies will share gross profits from commercialization of any product. Under the terms of the agreement, Pfizer will pay BioNTech $225M in upfront payments, including a cash payment of $75M and an equity investment of $150M. BioNTech is eligible to receive future regulatory and sales milestone payments of up to $200M. BioNTech will pay Pfizer $25M for the company's proprietary antigen technology.
|
OGN ABBV | Hot Stocks06:34 EST Organon and Samsung Bioepis' sBLA for SB5 accepted by FDA - Organon (OGN) and Samsung Bioepis announced that the FDA has accepted for review the supplemental Biologics License Application for a citrate-free, high-concentration formulation of SB5, a biosimilar candidate referencing Humira. SB5 was previously approved by the FDA under the brand name Hadlima as a low-concentration - 50 mg/mL - formulation in July 2019. The low concentration and high concentration forms of the reference product are both marketed in the U.S. The sBLA for citrate-free, high-concentration adalimumab was submitted by Samsung Bioepis in October 2021 and was based on clinical data from a randomized, single-blind, two-arm, parallel group, single-dose study to compare the pharmacokinetics, safety, tolerability, and immunogenicity of two formulations of SB5 in healthy volunteers. SB5 will be commercialized in the U.S. by Organon. It is expected to launch in the U.S. on or after July 1, 2023, in accordance with a licensing agreement with AbbVie (ABBV).
|
HSIC | Hot Stocks06:32 EST Henry Schein CFO Steven Paladino to retire, Ronald South to succeed - Henry Schein announced that Steven Paladino plans to retire as Executive Vice President and CFO, effective April 29, after 35 years with the company. Ronald South, Henry Schein's Vice President, Corporate Finance since 2008 and Chief Accounting Officer since 2013, has been named his successor and will become the company's Senior Vice President and CFO, effective April 29, reporting to Stanley Bergman, Chairman of the Board and CEO of Henry Schein. Additionally, Henry Schein announced that Olga Timoshkina, who joined Henry Schein this past September as Vice President, Corporate Controller, will succeed South as Vice President, Corporate Finance and Chief Accounting Officer, reporting to South.
|
PCG | Hot Stocks06:26 EST California fire investigators find PG&E equipment started Dixie Fire - Last year's Dixie Fire in Butte, Plumas, Lassen, Shasta, and Tehama counties started on July 13, burned a total of 963,309 acres, destroyed 1,329 structures and damaged 95 additional structures. "After a meticulous and thorough investigation, CAL FIRE has determined that the Dixie Fire was caused by a tree contacting electrical distribution lines owned and operated by Pacific Gas and Electric located west of Cresta Dam," CAL FIRE said. The Dixie Fire investigative report has been forwarded to the Butte County District Attorney's Office.
|
AMRX | Hot Stocks06:13 EST Amneal Pharmaceuticals acquires Saol Therapeutics' Baclofen franchise for $83.5M - Amneal Pharmaceuticals and Saol Therapeutics, a private specialty pharmaceutical company, announced a definitive agreement under which Amneal will acquire Saol's Baclofen franchise, including Lioresal and LYVISPAHTM as well as a pipeline product under development. The acquisition expands Amneal's commercial institutional and specialty portfolio in neurology while adding commercial infrastructure in advance of its entry into the biosimilar institutional market. The transaction is expected to be accretive to Amneal's adjusted EBITDA and adjusted earnings per share results for 2022. Lioresal is an intrathecal baclofen product delivered through an implantable intrathecal pump for use in the management of severe spasticity of cerebral or spinal origin for the institutional market. It has approximately $25M in annual net revenue. LYVISPAHTM is a baclofen oral granules specialty product recently approved by the U.S. FDA for the treatment of spasticity. The product is expected to launch in 2022 leveraging Amneal's neurology commercial team. Together, Amneal expects these two products to generate between $40M-$50M in combined annual net revenues by 2025. As part of the transaction, Amneal is adding Saol's experienced institutional commercial team for Lioresal that can be utilized to support future product launches, including three oncology biosimilar products, filgrastim (biosimilar for Neupogen), pegfilgrastim (biosimilar for Neulasta) and bevacizumab (biosimilar for Avastin). Amneal expects to launch all three biosimilars in 2022, subject to approval by FDA. Under the terms of the transaction, Amneal will pay approximately $83.5M of cash at close, and certain royalties based on annual net sales for certain acquired products. The transaction will be financed with cash on hand and is expected to close in the first quarter of 2022, subject to the satisfaction of customary closing conditions, including clearance under the Hart-Scott Rodino Antitrust Improvements Act.
|
WATT | Hot Stocks06:13 EST Energous and Syntiant collaborate for wireless charging of AI processors - Energous announced a collaboration with Syntiant, a provider of deep learning AI solutions, to develop and implement Energous' WattUp wireless power network technology with Syntiant's Neural Decision Processors for edge artificial intelligence deployments across a wide range of consumer and industrial use cases. Demonstrations of the Energous and Syntiant technology will take place January 5-8 during CES 2022 in Las Vegas. California-based Syntiant combines silicon with a data platform and training pipeline, providing customers with turn-key solutions that put deep learning processing into almost any edge device. Energous' wireless power networks support "one to many" charging, allowing multiple devices to be simultaneously charged from a single transmitter.
|
HGEN | Hot Stocks06:10 EST Humanigen: Target enrollment in Phase 2/3 ACTIV-5/BET-B study achieved - Humanigen announced that target enrollment in the Phase 2/3 ACTIV-5/BET-B study has been achieved. The study, sponsored by the National Institute of Allergy and Infectious Diseases, part of the National Institutes of Health, enrolled over 400 patients in the primary analysis population at approximately 55 recruiting clinical sites including international sites. Top-line data from ACTIV-5/BET-B expected to be announced late in the first quarter or early in the second quarter of 2022. ACTIV-5/BET-B results will be shared with regulatory authorities in the US, UK, and EU as part of the ongoing review process.
|
IDYA | Hot Stocks06:10 EST Ideaya Biosciences acquires Inquire Chemical Library, terms undisclosed - Ideaya Biosciences reported the acquisition of its Inquire Chemical Library to enhance the company's synthetic lethality drug discovery platform. Ideaya 's Inquire Chemical Library is a proprietary, small-molecule library of over 200,000 chemical compounds. The collection includes compounds selected for lead-like properties and molecular diversity, including novel sp3 enriched chemotypes, a-helix and b-sheet mimetics and privileged structures. Ideaya believes this will enhance its hit discovery capabilities across a broad range of novel synthetic lethality targets and historically difficult-to-drug target classes, such as helicases and endonucleases.
|
HITI | Hot Stocks06:08 EST High Tide to acquire Bud Room, rights to Fastendr technology for C$3.6M - High Tide announced that it is entering into a definitive agreement pursuant to which High Tide will acquire 100% of the equity interest of Bud Room, as well as assignments of the vendors' shareholder loans, for C$3.6M and acquire all rights to the customized Fastendr retail kiosk and smart locker technology and Bud Room's retail cannabis store located at 1910 St. Laurent Blvd in Ottawa, Ontario. Pending regulatory and exchange approvals, as applicable, High Tide intends to grow and diversify its revenue by licensing the self-order kiosk and smart locker technology for use by third party cannabis retailers across North America. The transaction also gives High Tide data collection and monetization opportunities from its retail portfolio and third party licensees. The transaction, which is an arm's length transaction, is subject to, among other things, receipt of required TSX Venture Exchange approval, and other customary conditions of closing, is expected to close in the coming weeks. The consideration for the 100% of equity interest acquired will be C$3.24M paid in common shares of High Tide and C$360,000 cash for the assignment of C$360,000 of the vendors' shareholder loans, all on the closing of the transaction on the basis of a deemed price per High Tide Share equal to the volume weighted average price per High Tide Share on TSXV for the 10 consecutive trading days preceding closing. from the consideration, an amount equal to $300,000 will be held in escrow for a period of twelve months by High Tide's lawyers to satisfy Bud Room's indemnity with respect to possible claims based on breaches of representation and warranties.
|
MNKD | Hot Stocks06:07 EST MannKind extends collaboration with Thirona Bio on fibrotic lung diseases - MannKind has extended its collaboration with Thirona Bio with the purchase of a second convertible note issued by Thirona, and the appointment of Mannkind CEO Michael Castagna as a member of the Thirona board of directors. Under the terms of the collaboration, which began in June 2021, the companies are evaluating the therapeutic potential of Thirona's locally acting TGF-beta inhibitor, FBM5712, for the treatment of pulmonary fibrosis. MannKind is developing MNKD-501, a dry powder inhaled formulation of FBM5712, which is advancing to a nonclinical pharmacodynamics (PD) study with key results anticipated in 2Q 2022. If initial studies are promising, MannKind can exercise certain rights to seek a full license to the compound for clinical development and commercialization for the treatment of fibrotic pulmonary diseases. FBM5712 is a novel small molecule inhibitor of ALK-5 kinase, also being developed by Thirona as a topical product intended to prevent and/or reduce skin fibrosis.
|
AMRX | Hot Stocks06:07 EST Amneal Pharmaceuticals acquires Saol Therapeutics' Baclofen franchise - Amneal Pharmaceuticals and Saol Therapeutics, a private specialty pharmaceutical company, announced a definitive agreement under which Amneal will acquire Saol's Baclofen franchise, including Lioresal and LYVISPAHTM as well as a pipeline product under development. The acquisition expands Amneal's commercial institutional and specialty portfolio in neurology while adding commercial infrastructure in advance of its entry into the biosimilar institutional market. The transaction is expected to be accretive to Amneal's adjusted EBITDA and adjusted earnings per share results for 2022. Lioresal is an intrathecal baclofen product delivered through an implantable intrathecal pump for use in the management of severe spasticity of cerebral or spinal origin for the institutional market. It has approximately $25M in annual net revenue. LYVISPAHTM is a baclofen oral granules specialty product recently approved by the U.S. FDA for the treatment of spasticity. The product is expected to launch in 2022 leveraging Amneal's neurology commercial team. Together, Amneal expects these two products to generate between $40M-$50M in combined annual net revenues by 2025. As part of the transaction, Amneal is adding Saol's experienced institutional commercial team for Lioresal that can be utilized to support future product launches, including three oncology biosimilar products, filgrastim (biosimilar for Neupogen), pegfilgrastim (biosimilar for Neulasta) and bevacizumab (biosimilar for Avastin). Amneal expects to launch all three biosimilars in 2022, subject to approval by FDA.
|
HITI | Hot Stocks06:05 EST High Tide to acquire 100% of the equity interest of Bud Room for C$3.6M - High Tide is pleased to announce that it is taking yet another step to introduce innovative technology into both its bricks-and-mortar retail cannabis operations, as well as third party retailers, by entering into a definitive agreement pursuant to which High Tide will acquire 100% of the equity interest of Bud Room, as well as assignments of the vendors' shareholder loans, for C$3.6M and acquire all rights to the customized Fastendr retail kiosk and smart locker technology and Bud Room's retail cannabis store located at 1910 St. Laurent Blvd in Ottawa, Ontario.
|
QH | Hot Stocks06:03 EST Quhuo completes full acquisition of Lailai workforce platform - Quhuo has entered into a definitive investment agreement to acquire the remaining 45.78% equity interest in Lailai Information Technology, its subsidiary and an on-demand workforce platform that specializes in housekeeping solutions for hotels and B&Bs, for a total consideration of approximately RMB69.1M in the form of the company's securities. Upon completion of the transaction, Quhuo will own 100% equity interest in Lailai. The company agreed to issue 9M Class A ordinary shares of the company to the selling shareholder of Lailai under a private placement. The parties expect to close the transaction in 1Q22. Lailai is an on-demand workforce platform that specializes in housekeeping solutions for hotels and B&Bs. Quhuo acquired a majority equity interest in Lailai in November 2020.
|
LODE AQMS | Hot Stocks06:03 EST Comstock Mining acquires majority ownership of LiNiCo - Comstock Mining (LODE) announced its acquisition of an additional 3,129,081 common shares in LiNiCo Corporation from LiNiCo's founder, Michael Vogel, in exchange for 3,500,000 restricted Comstock common shares, and acquired an additional 4,075 Series A Preferred shares, thereby increasing Comstock's overall ownership to approximately 90% from approximately 45% of LiNiCo. The remaining 10% of LiNiCo is owned by Aqua Metals (AQMS), a cleantech innovator focused on environmentally closed-loop battery recycling. Comstock and Aqua Metals announced the execution of a collaboration agreement to accelerate decarbonization by producing renewable electrification products that support the increasingly high demand for EVs. LiNiCo would use this technology to process secondary metal concentrates into high-purity nickel, cobalt, and other metals.
|
TC | Hot Stocks06:02 EST TuanChe to establish new EV business line, expand into manufacturing - TuanChe announced its strategic plan to establish a new electric vehicle, or EV, business line including a design, R&D and manufacturing team and expand its business into EV manufacturing. Wei Wen, chairman and CEO of TuanChe, commented: "As consumers are increasingly receptive of electric vehicles, underpinned by favorable policies, accelerated establishment of infrastructure and increasingly refined technologies in the EV industry, we are excited at our plan to announce that we will further broaden our business scope into electric vehicle manufacturing and position the Company to capitalize on future consumer demand. To better implement this expansion strategy and secure our future success in EV manufacturing, we will leverage our current innovative business model and the tremendous scale of our customer base and harness our extensive automotive consumer insights as well as our leading auto sales capabilities and sales network spanning from first tier cities to provincial counties nationwide. Through seamlessly integrating our existing platform with a top tier electric vehicle design, R&D and manufacturing team we are building, and in-depth cooperation with potential strategic partners, we believe this strategic expansion will drive significant synergistic value and ensure we secure an important stake in the EV revolution."
|
WMT | Hot Stocks05:20 EST Walmart to expand InHome to 30M homes in 2022, hire over 3,000 new drivers - Walmart announced plans to scale its InHome delivery service, going from being available to 6M households to making it accessible to 30M U.S. households by the end of the year. To support the expansion, Walmart plans to hire more than 3,000 associate delivery drivers this year as well as build out a fleet of 100% all-electric delivery vans. Launched in 2019, Walmart's InHome delivery service is designed to give time back to families by using associates to deliver fresh groceries, everyday essentials and more directly into customers' homes, including placing items straight into their kitchen or garage refrigerator, as well as picking up Walmart.com returns. Walmart's InHome Delivery service is $19.95 per month or $148 per year, with no additional fees, including tips which are built into the membership price. Customers can extend one-time access to their InHome associate using an existing smart lock, a garage keypad, or by purchasing a new smart lock from InHome for $49.95. Walmart plans to hire more than 3,000 InHome associate delivery drivers and equip them with a fleet of 100% all-electric delivery vans, or EV's.
|
PTVE | Hot Stocks05:15 EST Pactiv to sell Asian carton packaging, filling machinery businesses for $335M - Pactiv Evergreen announced that it has entered into a definitive agreement by its wholly-owned subsidiary, Evergreen Packaging, to sell its carton packaging and filling machinery businesses in China, Korea and Taiwan to SIG Schweizerische Industrie-Gesellschaft, a subsidiary of SIG Combibloc Group Ltd, for an enterprise value of approximately $335M. The transaction is subject to regulatory approvals and satisfaction of other customary closing conditions and is expected to close in the second or third quarter of 2022.
|
BRAG | Hot Stocks05:12 EST Bragg Gaming announces Oryx Gaming introduces content in the UK - Oryx Gaming, a Bragg Gaming company has introduced its content in the UK for the first time after going live with 888casino just weeks after receiving its supplier license in the country. A selection of games from Oryx's exclusive RGS offering have been added to 888casino in the UK including games developed by Oryx's in-house studio and titles from GAMOMAT. Egyptian Magic, the debut title from Bragg's soon-to-launch proprietary game development studio, Atomic Slot Lab, will also be made available to local players.
|
MYNZ | Hot Stocks05:09 EST Mainz Biomed enters technology rights agreement for mRNA biomarkers - Mainz Biomed announced it has entered into a technology rights agreement with Socpra Sciences Sante Et Humaines S.E.C., or TTS, to access a portfolio of novel mRNA biomarkers for potential future integration into ColoAlert, the company's detection test for colorectal cancer, or CRC. Mainz is currently marketing ColoAlert in Europe through its unique business model of partnering with third-party laboratories for test kit processing versus the traditional methodology of operating a single facility. The company is also preparing to initiate ColoAlert's regulatory pathway for approval in the United States. Under the terms of the technology rights agreement, the company has the unilateral option to license the exclusive global rights to five gene expression biomarkers which have demonstrated a high degree of effectiveness in detecting CRC lesions including advanced adenomas, a type of pre-cancerous polyp often attributed to this deadly disease. In a study evaluating these biomarkers published in the online peer review journal platform MDPI, study results achieved overall sensitivities of 75% for AA and 95% for CRC, respectively, for a 96% specificity outcome. The company will now commence a clinical study in Europe to evaluate the effectiveness of these biomarkers to enhance ColoAlert's utility in terms of extending its capability to include the identification of advanced adenomas, while increasing rates of diagnostic sensitivity and specificity. Given ColoAlert in its present form has already been CE-IVD marked, the timeline and process to initiate this "add-on" study is expedited, and the company is targeting the first half of 2022 to launch the clinical study. Furthermore, data generated by the study may potentially be incorporated into the company's design of ColoAlert's U.S. clinical trial for consideration by the FDA.
|