Stockwinners Market Radar for March 28, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

RHHBY ALPMY

Hot Stocks

20:04 EDT Astellas, Roche Diabetes Care Japan reach partnership agreement - Astellas Pharma (ALPMY) announced that it has entered into an agreement with Roche Diabetes Care Japan Co., Ltd. (RHHBY) for the development and commercialization of Roche Diabetes Care's world-renowned Accu-Chek Guide Me blood glucose monitoring system with advanced accuracy as a combined medical product with BlueStar. BlueStar is an FDA-cleared digital health solution for diabetes patients, developed by Welldoc, Inc. and is currently marketed in the U.S. and Canada. Astellas and Welldoc are jointly developing BlueStar in Japan. In the future, Astellas will aim to obtain regulatory approval and reimbursement as a combined medical product.
EQS

Hot Stocks

20:00 EDT Equus Total Return reports net assets of $35.2M as of December 31 - Equus Total Return reported net assets as of December 31, 2022, of $35.2M. Net asset value per share decreased to $2.61 as of December 31, 2022, from $2.68 as of September 30, 2022.
AWK

Hot Stocks

18:19 EDT Indiana American Water acquires Claypool water system - Indiana American Water President Matt Prine announced the company's acquisition of the Claypool water system in northern Indiana. The purchase of the system adds approximately 150 water customers to the company's customer base, which represents a population of more than 400 residents. "The acquisition of this system will help hold future rates down for Claypool customers as needed investments are made and also provides access to operations and capital management water professionals and a number of customer service options and payment methods," said Prine. "Indiana American Water already provides water service to several nearby communities, so this is a good fit for us and a continuation of our efforts to expand our presence across Indiana." The acquisition of the Claypool water system for $700,000 was approved by the Indiana Utility Regulatory Commission on February 22, 2023 and closed by Indiana American Water and the Town of Claypool on March 28, 2023.
NOC

Hot Stocks

17:54 EDT Northrop Grumman awarded $128.46M Air Force contract modification - Northrop Grumman has been awarded an $128.46M firm-fixed-price modification to a contract for Active Electronically Scanned Array radars of Air Force F-16 aircraft. This modification is for the exercise of options to include 48 radars, 4 initial spare kits, and 2 readiness spares kits. Work will be performed in Linthicum Heights, Maryland, and is expected to be completed May 30, 2031. The total cumulative face value of the contract is $1.48B. FY21 procurement funds in the amount of $457,758.00; FY22 aircraft procurement funds in the amount of $55.14M and FY23 procurement funds in the amount of $72.85M are being obligated at the time of award. The Air Force Life Cycle Management Center is the contracting activity.
PLAY

Hot Stocks

17:34 EDT Dave & Buster's says Q1 QTD SSS roughly flat to down very low single digits - Says 1Q23 up against "strong" omicron recovery that occurred in 1Q22. Says plans to open four new stores during Q1. Guidance taken from Q4 earnings conference call.
RTX

Hot Stocks

17:30 EDT Raytheon Technologies awarded $1.23B Army contract - Raytheon was awarded a $1.23B firm-fixed-price contract for Patriot Missile System fire units. Bids were solicited via the internet with two received. Work has an estimated completion date of December 31, 2032. FY23 Foreign Military Sales funds in the amount of $1.23B were obligated at the time of the award. U.S. Army Contracting Command is the contracting activity.
SWX

Hot Stocks

17:27 EDT Carl Icahn increases stake in Southwest Gas by $18.5M - In a regulatory filing, Carl Icahn disclosed, that he purchased an additional 308K shares of Southwest Gas stock at $60.30 per share between March 24 and March 28 in a total transaction size of $18,544,797.
NABL...

Hot Stocks

17:24 EDT N-able to replace iStar in S&P 600 at open on 4/3 - Safehold (SAFE) is acquiring iStar (STAR) effective prior to the opening of trading on Friday, March 31. Immediately prior to its acquisition by Safehold, iStar will distribute shares in Star Holdings (STHO). Star Holdings is not eligible for the S&P SmallCap 600 following the spin-off transaction as it is not representative of the small-cap market space.
WGO

Hot Stocks

17:19 EDT Winnebago unit Chris-Craft opens manufacturing facility in Sarasota, Florida - In a ceremonial ribbon-cutting, Chris-Craft, "America's Boatbuilder Since 1874 and wholly owned subsidiary of Winnebago Industries opened its doors to a new state-of-the-art manufacturing facility in Sarasota, Florida." said a company statement. The new building, known to the team at Chris-Craft as Building 5, increases the company's production capacity by 50 percent and spans over 70,000 square feet, allowing for the full build of boats from start to finish. Using the latest manufacturing equipment and technology, Chris-Craft will build six models from 24 feet to 28 feet in the facility. The expansion also allows the storied boatbuilder to expand their model offering as it looks to continue to meet future customer preferences. Each Chris-Craft is built to order, following a detailed, meticulous process to ensure the finest quality product. Site preparation for the new building began in November of 2021 followed by an official groundbreaking in February 2022. The company anticipates the building will add over 200 jobs to the community and is currently looking to hire in the Sarasota area. Originally based in Michigan, Chris-Craft has been manufacturing boats in Sarasota, FL since 1988. Chris-Craft was purchased by Winnebago Industries, a leading North American manufacturer of outdoor lifestyle products, in 2018. "The team at Chris-Craft builds some of the finest boats in the world and I thank them for their effort to bring this facility from vision to reality," said Michael Happe, Winnebago Industries Chief Executive Officer. "We are proud to have the company as part of the Winnebago Industries family and are committed to continuing to invest in their future success and the marine industry at large."
GOOG...

Hot Stocks

17:15 EDT Google teams with AI firm Replit to aid generative AI for software development - Leading cloud software development platform Replit announced a new strategic partnership with Google Cloud. Under the new partnership, Replit developers will get access to Google Cloud infrastructure, services, and foundation models via Ghostwriter, Replit's software development AI, while Google Cloud and Workspace developers will get access to Replit's collaborative code editing platform. The collaboration will accelerate the creation of generative AI applications and underscores Google Cloud's commitment to nurturing the most open ecosystem for generative AI..For developers using Replit's Ghostwriter coding AI, more than 30% of their code is generated by Ghostwriter. The newest LLM chat apps can generate code for full programs with simple natural language prompts, enabling the creation of full websites with no coding experience in minutes. But even powerful LLMs can't run code themselves. Standalone chat LLMs do not have a project's context. They require developers to copy and paste code from where they work to the chat app... Until LLMs are brought into the integrated development environment itself, IDE , we aren't yet at the future that Replit CEO Amjad Masad has laid out, where AI will help: Make non-developers into developers, turning natural language to code...Turn software engineers to hyper-productive "10X engineers"...Replit's cloud infrastructure and AI products like Ghostwriter make it one of the fastest places to go from idea to deployed software application. Through this new partnership with Google Cloud, developers using Replit will have global access to Google Cloud infrastructure and Google's foundation models on Vertex AI. The collaboration aims to support Google Cloud's goal of enabling companies to accelerate their development process using AI. Other companies that have similar products or services include Microsoft (MSFT) and Amazon (AMZN).
BMO

Hot Stocks

17:02 EDT Bank of Montreal recommends shareholders reject TRC Capital mini tender offer - BMO has received notice of an unsolicited mini-tender offer by TRC Capital Investment to purchase up to 1M BMO common shares, or approximately 0.14% of the common shares outstanding, at a below-market price of C$113.55 per share. BMO recommends that shareholders reject TRC's unsolicited offer as the offer has been made at a price below market, representing a discount of 4.44% and 4.40%, respectively, to the closing prices of BMO shares on the Toronto Stock Exchange and New York Stock Exchange on March 21, the last trading day before the date of the mini-tender offer. BMO does not endorse and is not affiliated or associated in any way with TRC Capital or its unsolicited mini-tender offer.
FLT

Hot Stocks

17:01 EDT FleetCor appoints Tom Panther as CFO - FLEETCOR Technologies announced the appointment of Tom Panther as CFO, effective May 12. Prior to joining FLEETCOR, Tom served as the CFO at EVO Payments prior to its acquisition by Global Payments. Tom was instrumental in EVO delivering strong revenue growth and significant margin expansion, as well as executing a number of key initiatives, including international M&A, debt and capital financings, and serving as a key advisor to the Board regarding the recent sale of EVO. Prior to joining EVO, Tom worked at SunTrust Banks, Inc. for nearly 20 years serving in numerous leadership roles including Chief Accounting Officer, Corporate Controller, SVP of Corporate Finance, and Head of Capital Planning & Analysis. He began his career at Arthur Andersen, is a certified public accountant, and earned his bachelor's degree from the University of Richmond.
MNTK

Hot Stocks

16:54 EDT Montauk Renewables announces Tier 2 application with CARB was certified - Montauk Renewables announced that on March 27, the company's Tier 2 application with the California Air Resource Board, or CARB, was certified. The company sought provisional certification of a Tier 2 pathway for biomethane production at its Pico Energy facility in Idaho from anaerobic digestion of dairy manure. Pico Energy, LLC owns and operates the facility which upgrades biogas to biomethane. The biomethane is then injected into the pipeline onsite and supplied to CNG vehicles in California as bio-CNG.
MU

Hot Stocks

16:51 EDT Micron says now expects overall headcount reduction to approach 15% - Says has made additional reductions to fiscal 2023 capex plan and now expects to invest approximately $7B, down more than 40% from last year, with wafer fab equipment, or WFE, down more than 50%. Says in fiscal 2024, expects WFE to fall further. Says further reduced DRAM and NAND wafer starts, which are now down by approximately 25%. Says for calendar 2023 now expects Micron's year-on-year bit supply growth to be meaningfully negative for DRAM. Says also expects to produce fewer NAND bits in calendar 2023 than in calendar 2022. Says made further reductions to operating expenses beyond the executive salary cuts and suspension of Micron's fiscal 2023 bonuses companywide. Says now expect overall headcount reduction to approach 15%.
ELOX

Hot Stocks

16:47 EDT Eloxx submits IND to FDA for ZKN-013 for treatment of RDEB - Eloxx Pharmaceuticals announced the submission of an Investigational New Drug, or IND, application with the FDA for ZKN-013 for the treatment of recessive Dystrophic Epidermolysis Bullosa, or RDEB, with nonsense mutations. RDEB is a rare skin disease characterized by mutations in Collagen7 gene. Recent preclinical results demonstrated read-through activity of ZKN-013 in multiple COL7 genotypes across multiple RDEB patient derived fibroblasts and keratinocytes. Read-through activity resulted in up to an 18-fold increase in full-length COL VII protein levels. Prolonged treatment with ZKN-013 further increased COL VII protein levels. Functionality of the restored full-length COL VII protein was confirmed. These results have been accepted for presentation at an upcoming medical conference. An additional IND filing for ZKN-013 for the treatment of familial adenomatous polyposis is planned in the first half of 2023. FAP, a rare inherited disease with no approved drug therapies, is characterized by proliferation of colon polyps. Eloxx is targeting a subset of patients that have nonsense mutations in the Adenomatous Polyposis Coli gene that is truncated in these patients.
MU

Hot Stocks

16:46 EDT Micron says further reducing supply - Says semiconductor memory and storage industry is facing worst downturn in the last 13 years, with an exceptionally weak pricing environment that is significantly impacting financial performance. Says has taken substantial supply reduction and austerity measures, including executing a companywide reduction in force. Says expects calendar 2023 smartphone unit volume to be down slightly year over year. Says expectations for calendar 2023 industry bit demand growth have moderated to approximately 5% in DRAM and low-teens percentage range in NAND. Says expects that improving customer inventories will support sequential bit demand growth for DRAM and NAND through the calendar year. Says China's reopening is also a positive factor for calendar 2023 bit demand. Comments taken from Q2 earnings conference call.
CORT

Hot Stocks

16:41 EDT Corcept Therapeutics initiates CATALYST clinical trial - Corcept Therapeutic announced that it has initiated CATALYST, a 1,000-patient, Phase 4 trial examining the prevalence of hypercortisolism in patients with difficult to control type 2 diabetes. Those patients with hypercortisolism will be offered entry into a randomized, double-blind, placebo-controlled study of Korlym. "We are excited that our CATALYST trial is now open," said Bill Guyer, PharmD, Corcept's Chief Development Officer. "Many smaller studies conducted over the last fifteen years have found that the prevalence of hypercortisolism in patients with type 2 diabetes is substantially higher than in the general population. The most prominent diabetologists in the United States helped us design and are participating in CATALYST, which will be the largest study of its kind ever to be conducted. Data from CATALYST will enable physicians to better identify and care for these patients. We expect to complete enrollment by the end of this year."
LULU

Hot Stocks

16:38 EDT Lululemon jumps 9% to $348.97 after Q4 results, FY23 guidance beat estimates
RIG

Hot Stocks

16:38 EDT Transocean announces $382M in harsh environment contract awards with Equinor - Transocean announced contract awards for two of its harsh environment semisubmersibles. Together, the fixtures represent approximately $382M in firm contract backlog. Transocean Enabler will provide drilling services for 19 firm wells and up to eight optional wells for Equinor on the Johan Castberg field in the Barents Sea. The estimated 570-day contract is expected to commence in April 2024 and contribute approximately $217M in backlog, excluding additional services and potential performance bonuses.Transocean Encourage will provide drilling services for nine firm wells for Equinor in the Norwegian North Sea. The contract is expected to commence in December 2023 in direct continuation of the rig's current program. The estimated 460-day contract is expected to contribute approximately $165M in backlog, excluding additional services and potential performance bonuses. "We are pleased to secure these new contracts and to further strengthen our relationship with Equinor," said Jeremy Thigpen, Transocean's Chief Executive Officer. "These contracts and our strategic collaboration agreement demonstrate our long-term commitment to working together to provide innovative solutions that deliver value to both our companies."
SFBS

Hot Stocks

16:29 EDT ServisFirst Bank expands Correspondent Banking Division into Texas - ServisFirst Bank, a subsidiary of ServisFirst Bancshares, announced the expansion of the Correspondent Banking Division into Texas. Founded in 2011, ServisFirst Bank's Correspondent Banking Division currently operates in 27 states for 344 correspondent bank customers. Veteran banker, Don Dickerson will serve as Senior Vice President, Correspondent Banking for the Texas region. "We are excited to expand our Correspondent Banking Division into Texas to offer a program that will help banks offer quality products and solutions to their customers," states Rodney Rushing, ServisFirst Bank Executive Vice President and Chief Operating Officer. "With Don's leadership and wide-ranging banking experience, ServisFirst will continue to provide exceptional service across the United States."
MU

Hot Stocks

16:29 EDT Micron up 2% after Q2 report - Shares of Micron are up $1.02, or 2%, to $60.30 in after-hours trading.
HEAR

Hot Stocks

16:22 EDT Turtle Beach adopts limited duration stockholder rights plan - Turtle Beach Corporation announced that its Board of Directors has approved the adoption of a limited duration stockholder rights plan and declared a dividend distribution of one right for each outstanding share of common stock. The record date for such dividend distribution is April 10, 2023. The adoption of the Rights Plan is intended to enable all stockholders to realize the full potential value of their investment in the Company and protect the Company and its stockholders from the actions of third parties that the Board determines are not in the best interests of the Company and its stockholders. In addition, the Rights Plan provides the Board with time to make informed, deliberate decisions that are in the best long-term interests of the Company and its stockholders. The Rights Plan will expire on March 28, 2024.
PLAY

Hot Stocks

16:19 EDT Dave & Buster's announces $100M share repurchase program - The company announced that its board of directors has approved a share repurchase program authorizing the company to repurchase up to $100M of its common stock through the end of fiscal 2023. The program may be suspended or discontinued at any time.
ELV

Hot Stocks

16:12 EDT The Standard to acquire Life & Disability business from Elevance Health - StanCorp Financial Group and Elevance Health announced a definitive agreement under which The Standard will acquire the Life & Disability business from Elevance Health and enter into a product distribution partnership. The Standard and Elevance Health are leading benefits providers with deep expertise in group benefits administration and a shared commitment to customer service. The Standard, a top group life, disability and ancillary benefit provider, was founded in 1906 and sold its first employee benefits policy in 1951, a case that remains in force today. Elevance Health is an industry leader in health solutions that serves customers through a diverse portfolio of medical, digital, pharmacy, behavioral, clinical, and complex care solutions. Its Life & Disability unit is a respected provider of life, disability and related employee benefits.
CALM

Hot Stocks

16:12 EDT Cal-Maine Foods says current HPAI epidemic surpassed prior outbreak in duration - The current HPAI epidemic has surpassed the prior 2014-2015 outbreak in terms of its duration and the number of affected hens in the U.S., and HPAI continues to circulate throughout the wild bird population in the U.S. and abroad. Cal-Maine Foods has followed strict biosecurity protocols across all locations and facilities since the previous outbreak and continues to closely monitor the current outbreak. The USDA division of Animal and Plant Health Inspection Service ("APHIS") reported on March 27, 2023, that approximately 43.3 million commercial layer hens and 1.0 million pullets have been depopulated due to HPAI since February 2022. According to the U.S. Centers for Disease Control and Prevention, these detections do not present an immediate public health concern. Outbreaks in commercial poultry flocks in the U.S. have most recently occurred during March 2023. There have been no positive tests for HPAI at any Cal-Maine Foods' owned or contracted production facility as of March 28, 2023. The Company is working closely with federal, state and local government officials, and focused industry groups to mitigate the risk of future outbreaks, and effectively manage a response, if needed. The Company believes the HPAI outbreak will continue to exert downward pressure on the overall supply of eggs, and the duration of these effects will depend in part on the timing of replenishment of the U.S. layer hen flock. Prior to the outbreak of HPAI in February 2022, the layer hen flock five-year average from 2017 through 2021 was comprised of approximately 328 million hens. According to a LEAP Market Analytics report dated March 21, 2023, the layer hen inventory is not projected to exceed 328 million again until January of 2024. Layer hen numbers reported by the USDA as of March 1, 2023, were 312.9 million, which represents a decrease of 3.8% compared with the layer hen inventory a year ago. However, the USDA also reported that the hatch from October 2022 through February 2023 increased 4.5% as compared with the prior-year period, indicating that layer flocks may increase in the future.
BPMC

Hot Stocks

16:06 EDT Blueprint Medicines: FDA lifts partial clinical hold on Phase 1/2 VELA trial - Blueprint Medicines announced that the U.S. FDA has lifted a partial clinical hold on the Phase 1/2 VELA trial of BLU-222. On February 10, 2023, Blueprint Medicines announced the FDA placed a partial clinical hold on the VELA trial due to reported visual adverse events, consisting of transient, reversible episodes of light sensitivity and blurred vision, observed in a limited number of patients. Patients already enrolled in the trial have continued receiving study drug. The partial clinical hold is lifted as of March 28, and Blueprint Medicines is working with trial sites to reinitiate patient enrollment. "With a focus on patient safety, we have worked diligently with the FDA over the last several weeks to resolve the partial clinical hold by updating adverse event monitoring and management procedures. We will now collaborate closely with investigators to resume patient enrollment," said Becker Hewes, M.D., Chief Medical Officer at Blueprint Medicines. "We are confident in the potential of BLU-222 to improve outcomes in patients with cancers vulnerable to CDK2 inhibition, and we look forward to presenting initial dose escalation data from the VELA trial in the second quarter of 2023."
VSTO

Hot Stocks

16:03 EDT Vista Outdoor says on track to execute the separation in calendar 2023 - On May 5, 2022, Vista Outdoor announced that the company plans to separate its Outdoor Products and Sporting Products segments into two independent, publicly traded companies. The company expects to create these companies through a tax-free spin-off of its Outdoor Products segment to Vista Outdoor shareholders. The company is on track to execute the separation in calendar 2023. The Form 10 has been filed with the SEC confidentially.
BKSY

Hot Stocks

16:00 EDT BlackSky says it successfully commissioned two new satellites - BlackSky Technology said it successfully commissioned two new satellites that began revenue-generating commercial operations within 18 hours of "The Beat Goes On" launch mission. "BlackSky has more than doubled our on-orbit capacity in the last 18 months, with enough capacity to support growth over the next two years," said Nick Merski, BlackSky chief operating officer. "Our flexible architecture gives us the ability to realize incremental benefits quickly as we add ever-advancing, multi-generational capability to our constellation."
TJX

Hot Stocks

15:33 EDT TJX increases common stock dividend by 13% to 33.25c per share - The TJX Companies announced that its board of directors has raised the amount of its quarterly dividend by 13% from the last dividend paid. The Board declared a regular quarterly dividend in the amount of 33.25c per share, payable June 1 to shareholders of record on May 11. Ernie Herrman, CEO and President of The TJX Companies, stated, "I am pleased to announce that our board of directors has approved a 13% increase in our quarterly dividend. This marks our 26th dividend increase over the last 27 years. Over this period, the company's dividend has grown at a compound annual rate of 20%. In addition, we plan to continue our significant share buyback program, with approximately $2.0 to $2.5B of repurchases planned for Fiscal 2024. These actions underscore our confidence in our ability to continue delivering strong sales, profitability, and cash flow, which allows us to simultaneously reinvest in the growth of the business and return significant value to our shareholders."
WEAV

Hot Stocks

15:02 EDT Weave announces expanded partnership with Stripe - Weave and Stripe announced a multi-year agreement to process payments on Stripe Connect for Weave's 27,000+ specialty healthcare customers across the U.S. Weave CEO Brett White said: "Our renewed relationship with Stripe as our strategic partner, combined with Weave's award-winning customer communication and engagement technology, is helping offices power convenient and modern payment experiences that their patients want." The companies added: "As part of the expanded partnership renewal, Weave has added Stripe Capital, an embedded finance option for business owners, to its all-in-one platform. Stripe Capital provides access to fast, flexible financing so small business owners can manage cash flows and invest in growth. Weave will leverage additional Stripe features later this year as it expands its Payments offering for existing and new customers, helping small businesses be even more successful in engaging their patients, collecting balances, and meeting the growing demand for digital payment options like Text to Pay and mobile wallets like Apple Pay and Google Pay."
SEDG

Hot Stocks

14:38 EDT SolarEdge sees U.S. residential demand 'relatively flat' this year - Asked during the Wells Fargo Clean Energy Symposium to comment on demand trends being seen in the U.S. residential market, SolarEdge CFO Ronen Faier replied, according to a transcript of the event: "So maybe I was a little bit criticized because of it, we don't see the U.S. market being very, I would say, fast-growing market this year, not to say maybe that it will be relatively flat. We do not see a big chance that it will slow down, but we do not see it as a high-growth market. We do not have yet a lot of data about February and March, of course, and given where we are in the quarter, I'm not sure that I can comment too much. But our view has not changed dramatically. And this is coming from an analysis of the market... the IRA, we believe, creates a little bit of a counterproductive impacted the very first year because until now, when the ITC used to go down year-over-year, you knew that if you're waiting for the next year, you will get lower tax credit. So there was an incentive to make a quick decision. Now with the ITC set for the next 10 years, interest rates being high, and I believe that most people believe that they will not be as high. And electricity price is not hiking so quickly -- the most interesting thing to do is actually to wait and see what happens. And therefore, we do not see a lot of growth. And the last thing, by the way, the NEM 3.0 that does add a little bit more a certainty to the market. So that's why we believe that it's going to be flattish to a small growth market this year. We'll be happy to see that we're wrong. But at least now on this 36% of our overall business, because 64% is happening outside of the United States, we take a very cautious approach."
LCID

Hot Stocks

13:53 EDT Lucid Group down 6% to $7.64 following report of layoffs
CALX CRM

Hot Stocks

13:31 EDT Calix appoints John Durocher as chief customer officer - Calix (CALX) announced it has appointed John Durocher as its chief customer officer, or CCO, "demonstrating its long-term commitment to helping broadband service providers succeed in a transforming industry." The company stated: "John is a cloud industry pioneer with over 30 years of experience helping customers achieve breakthrough business transformations and maximize technology investments. He was most recently an executive vice president at Salesforce, where he ran customer success, support, services, and renewals. He is widely recognized as one of the founders of customer success in the cloud industry. As CCO at Calix, John will leverage his extensive experience to scale and expand Calix Customer Success Services, Professional Services, Education Services, and Global Support Services. This will further enable BSPs to thrive in an increasingly competitive market by allowing them to differentiate, improve subscriber satisfaction, and increase revenue and margins-ultimately making a positive impact in their communities."
VNDA

Hot Stocks

13:29 EDT Vanda announces win in jet lag FOIA litigation against FDA - Vanda Pharmaceuticals announced a win in its jet lag FOIA litigation against the FDA. On March 27, a federal court granted final judgment in favor of Vanda in its Freedom of Information Act, or "FOIA," case requesting records created by the Food and Drug Administration during its review of Vanda's application seeking approval of a new use for its drug, Hetlioz. "Vanda filed the lawsuit, Vanda Pharmaceuticals, Inc., v. Food and Drug Administration, case no. 1:22-cv-00938, in the United States District Court for the District of Columbia in April 2022 to compel the FDA to produce, as required by FOIA, certain records relating to its denial of Vanda's supplemental New Drug Application for HETLIOZ in the treatment of jet lag disorder. Vanda had repeatedly attempted to obtain these records from the FDA pursuant to a FOIA request it submitted in December 2019, but the FDA had refused to disclose those records, invoking the deliberative process exemption under FOIA. The court rejected the FDA's claim that it would suffer 'foreseeable harm' if it disclosed to Vanda its reviews relating to Vanda's sNDA. In particular, the court held that in the context of this case, contrary to the FDA's assertion, '[d]isclosure cannot chill' the 'deliberations' of agency staff... As part of its ruling, the federal court issued a final and appealable order in Vanda's favor, which also denied the FDA's cross-motion for summary judgment," according to the company. Dr. Mihael H. Polymeropoulos, Vanda's President, CEO and Chairman of the Board, said: "In order to facilitate the development of promising new therapeutics for unmet patient needs, it is crucial that the FDA work collaboratively with drug innovators. The court's ruling today constitutes an important step to ensure appropriate transparency at the FDA, which is essential to scientific advancement in the service of public health."
COE

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13:00 EDT China Online Education trading resumes
COE

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12:55 EDT China Online Education trading halted, volatility trading pause
AFRM AAPL

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12:16 EDT Affirm down 5% after Apple launches Pay Later offering in U.S. - Shares of Affirm (AFRM) are down 5% to $9.68 in midday trading after Apple (AAPL) launched its previously announced Apple Pay Later offering in the U.S. "Users can easily track, manage, and repay their Apple Pay Later loans in Apple Wallet. Users can apply for Apple Pay Later loans of $50 to $1,000, which can be used for online and in-app purchases made on iPhone and iPad with merchants that accept Apple Pay. Starting Tuesday, Apple will begin inviting select users to access a prerelease version of Apple Pay Later, with plans to offer it to all eligible users in the coming months," the tech giant reported.
CIAN

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12:00 EDT Cian submits appeal to NYSE delisting determination - Cian announces that, on March 28, 2023, the Company submitted a written request for a review by a Committee of the Board of Directors of the New York Stock Exchange of the determination of the staff of the New York Stock Exchange Regulation to delist the Company's American depositary shares, each representing one ordinary share of the Company, from New York Stock Exchange. As previously announced, the Company received a written notice of such determination by the Staff on March 15, 2023. Pursuant to Section 804.00 of the NYSE Listed Company Manual, the review by the Committee will generally be scheduled for a date that is at least 25 days from the date of the request for review. The delisting of the Company's securities will be stayed pending the conclusion of the review process, while the trading suspension that was implemented on February 28, 2022 will remain in effect. There can be no assurance that the Committee will grant the Company's request for continued listing on the NYSE. The company said, "We believe that the Company has been and remains in full compliance with all applicable reporting obligations and qualitative and quantitative listing criteria of the NYSE and has met all additional requests for disclosure by the NYSE since the suspension of trading on February 28, 2022." The trading of the Company's ADSs on the Moscow Exchange is unaffected and continues as usual.
BBLN

Hot Stocks

12:00 EDT Babylon Holdings falls -6.0% - Babylon Holdings is down -6.0%, or -35c to $5.50.
TKC

Hot Stocks

12:00 EDT Turkcell falls -6.3% - Turkcell is down -6.3%, or -28c to $4.15.
DOCS

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12:00 EDT Doximity falls -6.3% - Doximity is down -6.3%, or -$2.08 to $30.70.
IHS

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12:00 EDT IHS Holding rises 18.3% - IHS Holding is up 18.3%, or $1.30 to $8.40.
PVH

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12:00 EDT PVH Corp. rises 19.2% - PVH Corp. is up 19.2%, or $14.11 to $87.73.
OSCR

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12:00 EDT Oscar Health rises 79.9% - Oscar Health is up 79.9%, or $2.87 to $6.46.
PUYI

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11:54 EDT Puyi Inc (ADR) trading resumes
PUYI

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11:44 EDT Puyi Inc (ADR) trading halted, volatility trading pause
AAPL...

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11:35 EDT Apple introduces Apple Pay Later, consumers able to pay for purchases over time - Apple (AAPL) introduced Apple Pay Later in the U.S., which allows users to split purchases into four payments, spread over six weeks with no interest and no fees. Users can easily track, manage, and repay their Apple Pay Later loans in Apple Wallet. Users can apply for Apple Pay Later loans of $50 to $1,000, which can be used for online and in-app purchases made on iPhone and iPad with merchants that accept Apple Pay. Starting Tuesday, Apple will begin inviting select users to access a prerelease version of Apple Pay Later, with plans to offer it to all eligible users in the coming months. Apple Pay Later is enabled through the Mastercard (MA) Installments program, so merchants that accept Apple Pay do not need to do anything to implement Apple Pay Later for their customers. When a merchant accepts Apple Pay, Apple Pay Later will be an option for their customers during checkout online and in apps on iPhone and iPad. Goldman Sachs (GS) is the issuer of the Mastercard payment credential used to complete Apple Pay Later purchases.
HRMY

Hot Stocks

11:15 EDT Harmony Biosciences 'disagrees' with Scorpion Capital's 'assertions' - In a statement emailed to The Fly, a spokesperson for Harmony Biosciences said the company was aware of Scorpion Capital's report and that it disagrees with their assertions. "We are aware of this report from an activist investor and disagree with their assertions. We remain committed to helping those who live with devasting rare diseases, and our science has been subject to peer review and received global regulatory approval. We'll continue to innovate and develop safe and effective medications for those in need. With regards to a Citizen Petition, we have not seen anything filed publicly at this time."
AAPL

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10:35 EDT Apple launches Apple Music Classical standalone app - Apple launched Apple Music Classical, a brand-new standalone music streaming app designed to deliver the listening experience classical music lovers deserve. With Apple Music Classical, Apple Music subscribers can easily find any recording in the world's largest classical music catalog with fully optimized search; enjoy the highest audio quality available and experience many classical favorites in a whole new way with immersive Spatial Audio; browse expertly curated playlists, insightful composer biographies, and descriptions of thousands of works; and so much more. Apple Music Classical is available on the App Store beginning today and is included at no extra cost with nearly all Apple Music subscriptions.
GHSI

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10:28 EDT Guardion Health Sciences Inc trading resumes
GHSI

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10:18 EDT Guardion Health Sciences Inc trading halted, volatility trading pause
BMEA

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10:09 EDT Biomea Fusion trading resumes
RNW

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10:06 EDT ReNew Energy Global repays more than $1B to offshore bondholders in FY23 - ReNew Energy Global announced that it has repaid more than $1B to its offshore bondholders in FY 2023. The amount repaid includes the most recent amortization of $180M this month. "In today's fast-paced global business environment, firms must be very strategic in financing for the growth initiatives," said Kedar Upadhye, CFO of ReNew. "As ReNew and India lead the global energy transition, we have continued to mitigate refinancing risk without diminishing the company's growth capital."
BMEA

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10:04 EDT Biomea Fusion trading halted, volatility trading pause
SRT

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10:00 EDT StarTek falls -4.8% - StarTek is down -4.8%, or -19c to $3.81.
TKC

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10:00 EDT Turkcell falls -5.0% - Turkcell is down -5.0%, or -22c to $4.21.
AMPS

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10:00 EDT Altus Power falls -5.3% - Altus Power is down -5.3%, or -29c to $5.17.
MKC

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10:00 EDT McCormick rises 12.9% - McCormick is up 12.9%, or $9.57 to $83.63.
PVH

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10:00 EDT PVH Corp. rises 17.8% - PVH Corp. is up 17.8%, or $13.12 to $86.74.
OSCR

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10:00 EDT Oscar Health rises 53.8% - Oscar Health is up 53.8%, or $1.93 to $5.52.
TKC

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09:47 EDT Turkcell falls -4.5% - Turkcell is down -4.5%, or -20c to $4.23.
SRT

Hot Stocks

09:47 EDT StarTek falls -4.8% - StarTek is down -4.8%, or -19c to $3.81.
IVR

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09:47 EDT Invesco Mortgage falls -5.0% - Invesco Mortgage is down -5.0%, or -56c to $10.65.
BABA

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09:47 EDT Alibaba rises 12.4% - Alibaba is up 12.4%, or $10.67 to $96.79.
PVH

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09:47 EDT PVH Corp. rises 13.7% - PVH Corp. is up 13.7%, or $10.08 to $83.70.
OSCR

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09:47 EDT Oscar Health rises 40.8% - Oscar Health is up 40.8%, or $1.47 to $5.05.
TSLA

Hot Stocks

09:43 EDT NHTSA probing 50,000 Tesla Model Xs over seat belt malfunction - The National Highway Traffic Safety Administration said its Office of Defects Investigation has received two recent complaints reporting a failure of the front seat belt to remain connected to the seat belt anchor pretensioner while driving with seat belts worn properly in 2022 and 2023 Model Year Tesla Model X vehicles. Both vehicles were delivered to the owners with insufficiently connected anchor linkages, the agency said in a filing posted on its website. A preliminary evaluation has been opened by the NHTSA to assess the scope, frequency, and manufacturing processes associated with the front seat belt anchor detachment in an estimated 50,000 Tesla Model Xs. Reference Link
SPRY

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09:42 EDT ARS Pharmaceuticals announces FDA Advisory Committee meeting for neffy - ARS Pharmaceuticals announced that the U.S. Food and Drug Administration has scheduled a Division of Pulmonology, Allergy and Critical Care Advisory Committee meeting on May 11, 2023 to review the new drug application for neffy. The FDA stated the following regarding an Advisory Committee in its official pre-NDA meeting minutes received by ARS: An Advisory Committee is an important aspect of the review given the new route of administration for an emergency use product that has clinical efficacy trial feasibility issues. Additional experts with knowledge in systemic allergic reactions and anaphylaxis will be invited to participate in the Advisory Committee. The FDA would not be planning to bring ARS's application to an Advisory Committee if they did not feel the PK/PD provided by ARS had the potential for approval. The Company's NDA submission for neffy was accepted for review by the FDA with a Prescription Drug User Fee Act target action date anticipated in mid-2023.
GPS

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09:38 EDT Gap's Banana Republic launches new home categories - Banana Republic, a Gap Inc. brand, announced BR Home, a selection of home categories that are "exquisitely crafted by the finest artisans and craftspeople around the globe, exclusively created and curated by Banana Republic." "Banana Republic is a destination for discovery, adventure and imagination," said Sandra Stangl, President and CEO of Banana Republic. "Our expanded Home collection is central to our vision to be the premier lifestyle brand that positions BR as an experiential and cultural cornerstone in our customers' lives." The BR Home collection is now available online and in select stores in the United States.
BYD...

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09:33 EDT Nevada reports February statewide gaming win up 11.15% to $1.24B - Nevada reports February Las Vegas Strip gaming win up 18.92% to $712.46M versus last year. Publicly traded companies in the gambling space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (PDYPY), Gan Limited (GAN), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn Entertainment (PENN), William Hill (WIMHY) and Wynn Resorts (WYNN).
SRDX

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09:27 EDT Surmodics receives FDA feedback on strategy to submit amended PMA for SurVeil - Surmodics announced that it has received formal feedback from the Food and Drug Administration, FDA, related to its proposed approach to submit an amended premarket approval, PMA, application for the SurVeil drug-coated balloon, DCB. Following the receipt of the FDA letter announced in the company's press release on January 19th, Surmodics has been focused on obtaining additional clarification and feedback from the Agency on the pathway and requirements to submit an amended PMA application for the SurVeil DCB in an approvable form. To this end, Surmodics prepared and submitted a Submission Issue Request, under the FDA's Q-Submission Program, to obtain the Agency's formal feedback on its proposed approach for addressing the FDA letter. The company has received written feedback from the FDA in response to its Submission Issue Request and completed a Submission Issue Meeting with the Agency to discuss the request and this written feedback. In its verbal and written feedback, the FDA requested additional clarification related to already completed biocompatibility studies and revisions to the company's proposed labeling to amend the PMA application to put it into an approvable form. The FDA noted that the feedback it provided was based on the level of information included in the company's Submission Issue Request, and that the actual determination for the acceptability of the company's responses will depend on the information provided in company's formal amended PMA application to be filed with the FDA.
AEHL

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09:26 EDT Antelope Enterprise Holdings regains compliance with Nasdaq listing rules - Antelope Enterprise Holdings, the majority owner and operator of KylinCloud, a leading livestreaming social ecommerce platform with 300,000+ anchors and influencers in China, announced that on March 27, it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market confirming the Company has regained compliance with NASDAQ's minimum bid price requirement under Listing Rule 5550. The Company regained compliance with NASDAQ's requirements when the closing bid price for the Company's Class A ordinary shares were at or above $1.00 for 10 consecutive business days and the matter is now closed.
PRFX

Hot Stocks

09:24 EDT PainReform completes 1st part of clinical trial for patients having bunionectomy - PainReform announced completion of treatment for the first part, of its two-part Phase 3 clinical trial of PRF-110, in which 15 patients were enrolled and administered PRF-110 intra-operatively to review surgeon's handling of PRF-110, optimize drug product placement, enabling tools and measure peak blood concentration. The Phase 3 trial is a randomized, double-blind, placebo- and active-controlled, multicenter study to evaluate the analgesic efficacy and safety of intra-operative administration of PRF-110 following unilateral bunionectomy. PRF-110 is an oil-based, viscous, clear solution that is deposited directly into the surgical wound bed prior to closure to provide localized and extended post-operative analgesia.The first part of the Phase 3 trial was conducted at two clinical sites in Texas. This first part of the study also served to train surgeons in best practices for administering PRF-110, optimally covering inner wound surfaces for most efficient analgesia. Initial pharmacokinetic data on the first 15 patients is expected in May 2023. Following the successful conclusion of this part of the trial the second, larger, part of the trial will start recruiting patients.Ilan Hadar, Chief Executive Officer of Pain Reform, stated, "Completion of enrollment and administration of PRF-110 in the first part of our Phase 3 clinical trial marks a major clinical milestone for PRF-110. Notably, this was the first time PRF-110 was used in bunionectomy procedures and we took this opportunity to refine the procedure for applying PRF-110 during this form of surgery. After we witnessed these surgeries first hand in Houston and in San Antonio, as well as the application of PRF-110, we are highly encouraged by what we have seen so far. We look forward to evaluating the PK results, and then immediately transitioning to the next part of our Phase 3 trial."
NEXA

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09:21 EDT Nexa Resources says Cerro Lindo resumes operations - Nexa Resources announced that Cerro Lindo has resumed its operations. The road access has been restored. However, some drainage systems are still being repaired. The plant is currently operating according to our production plan, 17ktpd, while the underground mine dewatering process is progressing as planned and is expected to be completed within 15 days. Cerro Lindo produces approximately 233t of zinc per day. The 1Q23 production loss is expected to be recovered in the upcoming quarters. The 2023 guidance remains unchanged as of the date of this press release.
TMC

Hot Stocks

09:20 EDT Metals Company announces deep-sea environmental data submission to ISA - TMC announced that its subsidiary NORI had begun the process of submitting data collected during 17 offshore resource definition and environmental baseline campaigns in the NORI-D exploration area to DeepData, an open database of contractor data managed by the International Seabed Authority. The submission of the initial batch of data, which includes an extensive set of biological samples and images from the seafloor, follows NORI's decade-long research efforts to define the polymetallic nodule resource and develop an environmental baseline for its NORI-D exploration area, as part of its Environmental and Social Impact Assessment for the NORI-D Nodule Project. Since 2012, the Company has collaborated with leading industry experts and independent scientists from marine research institutions from around the world on its ESIA, gathering data throughout 17 offshore campaigns, representing over 470 operational research days on the NORI-D area. Collected using a suite of high-tech equipment, the dataset submitted to the ISA includes over 1,400 biological samples from extensive boxcore and multicore sampling, and over 8,000 images analysed for benthic megafauna captured by Remotely Operated Vehicles from two offshore campaigns. This first submission of benthic data will provide a significant expansion to the biological holdings contained within the ISA's 'DeepData' platform by contributing over 270,000 occurrences. The data-gathering efforts of the independent scientists involved in NORI's ESIA program have already begun to yield novel insights about biodiversity, ecosystem processes and how we observe oceanic ecosystems with various papers in peer-reviewed journals. Contributions from ROV imagery and specimens collected during NORI-D pelagic campaigns have assisted in resolving diagnostic characteristics of hydrozoans. The novel use of the Saildrone ASV to examine micronekton in the open ocean provides some of the only remote sampling of pelagic prey communities in the eastern Pacific Ocean. Such studies are essential to describing the interactions between mesoscale features and pelagic fauna to help understand how these communities will respond to a changing ocean environment that may be induced by nodule collection activities and broader climate-related shifts. Over the coming months, NORI will continue working with research teams to fully collate and categorize the hundreds of terabytes of data and thousands of biological samples that have been collected to date. The total NORI-D dataset is expected to be one of the most comprehensive datasets ever compiled in the deep sea. Given the breadth of the dataset, NORI expects numerous further papers to be published in peer-reviewed journals in the coming months and years, adding significantly to society's understanding of the deep sea.
UPWK PYPL

Hot Stocks

09:19 EDT Upwork appoints Erica Gessert as CFO - Upwork (UPWK) announced that Erica Gessert will join the company as chief financial officer CFO, effective April 25. Gessert joins from PayPal (PYPL), where she held a number of senior leadership roles since 2015, most recently including chief transformation officer reporting to the CEO, and senior vice president of finance & analytics...Prior to PayPal, from 2009 to 2014, Gessert served in a variety of roles for Sprint Corporation, including VP of finance for Sprint Postpaid marketing and chief financial officer for the Sprint Prepaid business unit, as well as director of investor relations. She previously served as head of investor relations for Virgin Mobile USA from 2007 to 2009.
CRBG

Hot Stocks

09:18 EDT Corebridge enters partnership with RetireOne - RetireOne announced a partnership with Corebridge Financial, formerly AIG Life & Retirement, to distribute two fee-based annuity solutions on RetireOne's fiduciary annuity + insurance marketplace. Fee-only fiduciaries on RetireOne's platform now have access to an even larger selection of zero-commission, simple-to-use retirement solutions designed to fit the needs of the end-client. "At Corebridge Financial, we're here to help financial professionals take action for their clients, delivering solutions that offer principal protection alongside growth potential, liquidity options and protected lifetime income," said Eric Taylor, RICP, Senior Vice President, Independent Annuity Distribution at Corebridge Financial. "Our partnership with RetireOne will provide more RIAs with access to Corebridge advisory solutions that go beyond traditional portfolio construction strategies to help move financial futures forward."
KNRLF

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09:16 EDT Kontrol selected by Fortune 100 customer for energy monitoring, optimization - Kontrol Technologies has been selected by a Fortune 100 Customer for energy monitoring and facility optimization spanning 1.6 Million square feet of built environment. Kontrol will provide its technology solution for real-time energy monitoring and facility optimization, which includes initial design, implementation, and ongoing monthly recurring revenues. "We are very pleased to be selected by such a significant Customer for energy monitoring and facility optimization," said, Paul Ghezzi, CEO of Kontrol Technologies. "As we deliver our technology platform to reduce energy costs and optimize performance in real-time, we will seek to scale with this new Customer into additional potential building opportunities."
WLDN

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09:15 EDT Willdan Group selected by one of largest utilities in U.S. - Willdan Group announced that one of the nation's largest energy delivery companies and their operating companies have licensed Integral Analytics' LoadSEER software to evaluate integrated grid planning alternatives. Integral Analytics is Willdan's wholly owned software subsidiary. This contract includes a software license for LoadSEER's load and DER forecasting, software implementation, data services, and long-term professional support. Integral Analytics will provide the companies with analysis and forecasting for loads across nearly ten million electric meters - the largest deployment of LoadSEER software to date. "This new client is one of the largest energy delivery companies in the nation and is at the forefront of supporting customers and communities through their path to clean energy goals," said Tom Brisbin, Willdan's CEO and Chairman. "In providing modern software tools like LoadSEER, we enable utilities like this to make strategic decisions based on integrated grid forecasts."
PBIO

Hot Stocks

09:15 EDT Pressure BioSciences' PBI Agrochem ships, bills initial $130,000 order - Pressure BioSciences and its wholly-owned subsidiary PBI Agrochem announced it has shipped and billed an initial $130,000 order for its potent, environmentally-responsible nematode control product. The Company also announced that its newly-developed sales channel has provided confidence that an ongoing and growing pipeline of demand is expected to follow for this and other eco-friendly products in the Company's portfolio.
SMTC AMZN

Hot Stocks

09:12 EDT Semtech announces first LoRa-enabled third party products available - Semtech Corporation (SMTC) announced the first third-party Amazon (AMZN) Sidewalk products, based on Semtech's LoRa technology, are now available from Browan, Deviceroy, HSB's Meshify and New Cosmos. Browan's motion and carbon dioxide sensors, Deviceroy's smart modem for solar installations, HSB's Meshify water sensor, and New Cosmos DeNova Detect natural gas alarm are some of the first Sidewalk-qualified products to be part of the secure, shared network that helps devices work better around the home and in the community.
AWRE

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09:11 EDT Aware brings AwareID to AWS Marketplace - Aware announced it is working with SoftwareONE and AWS to prepare AwareID for availability on AWS Marketplace. As part of this program, Aware will be working with SoftwareONE to optimize AwareID's product efficiency in the cloud and on AWS's Marketplace. SoftwareONE accepted Aware into its development program where AWS fully funds projects specific to modernizing technology offerings and preparing them for listing in AWS Marketplace.
OKTA

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09:11 EDT Okta for Gobernment High achieves FedRAMP High Authorization - Okta announced that Okta for Government High has earned its U.S. Federal Risk and Authorization Management Program, FedRAMP, High Authorization. Okta for Government High is the secure identity solution built to help federal agencies meet their security requirements. The solution complies with more than 420 baseline security controls for handling mission-critical information. "As a FedRAMP High identity provider, Okta can now provide federal agencies with the highest security and privacy assurance, protecting sensitive data while enhancing user experience," said Sean Frazier, Federal CSO at Okta. "And the timing couldn't be better, because the recently enacted FedRAMP Authorization Act makes it easier for a greater number of federal agencies to turn to Okta to build a secure and frictionless identity environment for users, and support their zero-trust journey."
EVR

Hot Stocks

09:11 EDT Evercore selects Behavox to provide AI-driven solution for compliance program - Behavox announced that Evercore has contracted with Behavox for its services. The selection comes after a rigorous process that included a review of multiple vendors, in which Behavox demonstrated the highest capability to meet Evercore's requirements of providing broad and industry-validated risk coverage, the ability to surveil all communication data types within the organization and provide robust management information reporting capabilities. Critical to Evercore's selection of Behavox was also its proven ability to advance its clients' target operating models and implement its solution at speed.
JFBR SPRC

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09:10 EDT Jeffs' Brands completes acquisition of 49% interest in SciSparc Nutraceuticals - Jeffs' Brands completed the purchase of approximately 49% of the outstanding capital stock of SciSparc Nutraceuticals, a wholly-owned subsidiary of SciSparc that owns Wellution, a top-selling Amazon.com Marketplace food supplements and cosmetics brand, for $2.5 million in cash, pursuant to a stock purchase agreement entered into between the Company, Jeffs' Brands Holdings Inc, a wholly-owned Delaware subsidiary of Jeffs' Brands and SciSparc on February 23, 2023. Additional deferred cash payments of approximately $489,330 for price adjustments related to inventory and working capital, will be paid in five equal monthly installments, beginning in May 2023 pursuant to an addendum to the Wellution Agreement entered into between the Company, the Subsidiary and SciSparc on March 22, 2023. As collateral for the payment in full of the Price Adjustment, SciSparc will hold back such number of shares of common stock of SciSparc Nutraceuticals, equal to the outstanding due amount of the Price Adjustment. The stock interest of Jeffs' Brands in SciSparc Nutraceuticals will be held by the Subsidiary. Also pursuant to the Wellution Agreement, in connection with the Closing, the Company will issue 247,415 of its ordinary shares to SciSparc and SciSparc will issue 360,297 of its ordinary shares to the Company in a mutual share exchange at an aggregate value of $288,238, which was adjusted from $300,000, pursuant to the 4.99% ownership limit included in the Wellution Agreement. The number of the Exchange Shares acquired by each company was calculated based on the average closing price of the relevant company's shares on the Nasdaq Capital Market for the 30 consecutive trading days ending on the third trading day immediately prior to the Closing. In addition, at the Closing, the Company and SciSparc Nutraceuticals entered into a consulting agreement by which the Company will provide management services for the Brand for a monthly fee of $20,000; in addition the Company received a signing bonus of $51,000. The consulting agreement is for an undefined period of time, and may be terminated by either party with 30-days' advance notice. The Brand is profitable with millions of dollars in gross annual sales on the Amazon marketplace.
PACB CTVA

Hot Stocks

09:10 EDT Pacific Biosciences announces new workflows developed with Corteva - PacBio (PACB) announced new workflows developed with Corteva Agriscience (CTVA) that enable high throughput plant and microbial genome sequencing. This collaboration, which originated at the Advances in Genome Biology and Technology, or AGBT, Agricultural meeting last year, delivers end-to-end workflows that streamline DNA extraction through library preparation, enabling Corteva to sequence thousands of samples annually, as part of their innovative seed and crop protection research and production programs. The initial phase of the collaboration saw the development of scaled DNA extraction, shearing, and library preparation workflows to characterize Corteva's vast collection of crop and microbial samples. These novel workflows were specifically engineered to support cost-effective, ultra-high throughput long-read sequencing, opening new possibilities for studying crop genetics and diversity in a transformative way. The results of this collaboration were announced at the Advances in Genome Biology and Technology
CURI

Hot Stocks

09:09 EDT CuriosityStream names Tom Pope to role of VP, Advertising and Sponsorships - Curiosity has named Tom Pope to the role of Vice President, VP, Advertising and Sponsorships. Pope specializes in the development and execution of branded partnerships and campaigns across all forms of media and experiential platforms. He will focus on driving diversified growth opportunities for Curiosity's factual entertainment brand.
PACB CTVA

Hot Stocks

09:09 EDT Pacific Biosciences announces new workflows developed with Corteva - PacBio announced new workflows developed with Corteva Agriscience that enable high throughput plant and microbial genome sequencing. This collaboration, which originated at the Advances in Genome Biology and Technology, or AGBT, Agricultural meeting last year, delivers end-to-end workflows that streamline DNA extraction through library preparation, enabling Corteva to sequence thousands of samples annually, as part of their innovative seed and crop protection research and production programs. The initial phase of the collaboration saw the development of scaled DNA extraction, shearing, and library preparation workflows to characterize Corteva's vast collection of crop and microbial samples. These novel workflows were specifically engineered to support cost-effective, ultra-high throughput long-read sequencing, opening new possibilities for studying crop genetics and diversity in a transformative way. The results of this collaboration were announced at the Advances in Genome Biology and Technology
SPRC JFBR

Hot Stocks

09:08 EDT SciSparc completes sale of 49% interest in SciSparc Nutraceuticals - SciSparc announced the closing of the definitive agreements for the sale of approximately a 49% equity interest in its wholly owned subsidiary, SciSparc Nutraceuticals, which owns Wellution, a top-selling Amazon.com Marketplace brand, to Jeffs' Brands Holdings Inc., a wholly-owned subsidiary of Jeffs' Brand for $2.5 million in cash and additional deferred cash payments of approximately $489,330 accounting for price adjustments related to inventory and working capital, which will be paid in five equal monthly installments beginning in May 2023, pursuant to the stock purchase agreement dated February 23, 2023 by and between Jeffs' Brands, Jeffs' Brands Holdings Inc. and SciSparc. As collateral for the payment in full of the Price Adjustment, SciSparc will hold back such number of shares of common stock of its Subsidiary, equal to the outstanding due amount of the Price Adjustment. In addition, in connection with the closing, SciSparc and Jeffs' Brands, will undertake a mutual share exchange in the amount of $288,238 of ordinary shares from each of SciSparc and Jeffs' Brands. The number of shares in the share exchange was calculated based on the average closing price of the relevant company's shares for 30 consecutive trading days ending on the third trading day immediately prior to the closing. Accordingly, SciSparc will acquire 247,415 ordinary shares of Jeffs' Brands and Jeffs' Brands will acquire 360,297 ordinary shares of SciSparc having an aggregate value of $288,238, which was adjusted from $300,000 according to the 4.99% ownership limit included in the definitive agreements. Following the closing of the transaction which included an equity conversion of financing amounts previously provided to the Subsidiary by SciSparc, and upon satisfaction of the payment in full by Jeffs' Brands of the Price Adjustment amount, SciSparc will hold approximately 51% of the Subsidiary. As part of the definitive agreements, at the closing, Jeffs' Brands and the Subsidiary entered into a consulting agreement by which Jeffs' Brands will provide management services for Wellution for a monthly fee of $20,000; in addition, Jeffs' Brands will receive a signing bonus of $51,000. The consulting agreement is for an undefined period and may be terminated by either party with 30-days' advance notice.
EVCM

Hot Stocks

09:08 EDT Evan Berlin named COO at EverCommerce - EverCommerce that it has appointed Evan Berlin Executive Vice President and Chief Operating Officer. In this expanded role, Evan will be responsible for the operational execution of the company's solution lines of business and will report to EverCommerce's President, Matt Feierstein. "The Board of Directors and I are thrilled to have Evan in this role," said Eric Remer, EverCommerce CEO. "We believe his background, established track record of success and passion for achieving the vision we have set forth will drive growth opportunities for our customers, our employees, and our shareholders." Berlin brings nearly 20 years of experience to this role. Most recently he served as EVP of EverCommerce's solution group operations where he led the company's EverPro, EverHealth and payment solutions. Berlin joined EverCommerce's predecessor company, PaySimple, in 2008. During his long tenure building the company, he has held various management, corporate development and operational leadership roles. Prior to joining EverCommerce, he began his career at CEB, now a division of Gartner. Berlin holds a bachelor's degree in business administration from the University of Colorado Boulder. "It's been a pleasure to have played an integral role in building EverCommerce into the company it is today," said Evan Berlin. "I look forward to furthering our success and growing as a leading service commerce platform."
NOVV RMSG

Hot Stocks

09:08 EDT Real Messenger to become publicly traded company on NASDAQ - REAL Messenger and Nova Vision Acquisition (NOVV) announced a definitive business combination agreement that will result in REAL Messenger becoming a publicly traded company. The proposed transaction will have a potential pre-money enterprise value of approximately $150 million at closing. Once the merger is completed, Wong will be a member of the combined company's board of directors. Upon the transaction's closing, expected to be completed in the third quarter of 2023, the combined company will be named Real Messenger and will be listed on NASDAQ under the symbol "RMSG". Pursuant to the transaction, Nova Vision, which currently holds approximately $19.0 million of cash in trust1, will combine with REAL and pay an aggregate consideration of up to $150 million. The shareholders of REAL shall receive $75 million in the form of Nova Vision ordinary shares at the closing, and may receive up to an additional $75 million in Nova Vision ordinary shares in the form of post-closing earnout consideration subject to meeting certain financial performance and stock price targets as set forth in the definitive business combination agreement. REAL's management team projects that current REAL equity holders will roll 100% of their equity interests into the combined company and will have approximately 80% ownership of the combined company.3 The co-founders of REAL will be under a lock-up for twelve months from the closing of the transaction.
MULN

Hot Stocks

09:06 EDT Mullen Automotive files lawsuit against Intersection Media Group - Mullen Automotive filed a civil complaint for defamation in the Superior Court of Delaware today alleging that on March 22, 2023, dot.LA published an article on its website authored by David Shultz that contained false and defamatory statements regarding Mullen, including false and defamatory statements regarding the terms of a settlement agreement of a civil action. McDermott Will & Emery LLP, a leading international law firm, has been retained to represent the Company in the lawsuit.
CELU

Hot Stocks

09:06 EDT Celularity in product distribution pact with ADPORTS across Middle East - Celularity announces that it has entered into an exclusive distribution agreement with AD Ports Logistics, ADPL , a subsidiary of the Logistics Cluster, AD Ports Group, the leading global facilitator of trade, logistics and industry based in Abu Dhabi, ADPORTS:ADX. In partnership with CH Trading Group an international import, export and trading company and the exclusive territories distributor of Celularity's previously-announced Halal-Certified regenerative medicine products within more than 100 countries, ADPL will distribute the Celularity's biomaterial products in the United Arab Emirates, Qatar, Bahrain, Oman, Kuwait and Egypt. According to the most recent analysis by Emergent Research, the worldwide regenerative medicine market was $9.80B in 2021 and is anticipated to grow at a revenue CAGR of 15.9% to reach US $37.1B in 2030. Farook Al Zeer, Chairman, Logistics Cluster, AD Ports Group, said: "We are pleased to work with Celularity to expand access to these innovative products within the UAE and the region by leveraging our advanced GDP-certified pharma logistics network and the unique capabilities of our Healthcare & Life Sciences Team. Becoming the distributor of choice for Celularity's biomaterial products is yet another example of how we are working with our industry partners to ensure that our communities across the nation can receive access to the best and most innovative healthcare products possible. We believe that collaborative partnerships such as these will play a significant role in helping deliver on our leadership's vision of establishing Abu Dhabi as a hub for global healthcare and life science excellence." "Today's announcement highlights a significant milestone in our global expansion strategy and focus on the Middle East and North Africa market," said Celularity's CEO, Chairman and Founder, Robert J. Hariri, M.D., Ph.D. "We are proud to partner with AD Ports Logistics to bring our innovative, Halal-Certified biomaterial products into the United Arab Emirates, Qatar, Bahrain, Oman, Kuwait and Egypt." "In consultation with our distributors, we look forward to extending the reach of Celularity's commercial biomaterial products to more people in the Middle East over the next decade," said CH Trading Group CEO, Sayed Zayan. "We are excited to partner with Celularity and AD Ports Group on increasing access to innovative health and wellness solutions for patients in the GCC region and beyond - and the expanding market for Celularity's Halal-Certified biomaterial products."
GIGA

Hot Stocks

09:05 EDT Giga-tronics reports Q4 bookings exceeding $8M - Giga-tronics, Inc. d/b/a Gresham Worldwide announced its global new business bookings exceeded $8 million for the most recent quarter ending December 31, 2022. Gresham continues to drive new business with increased focus on integrated Radio Frequency filter solutions systems within the defense sector as well as an expanded product offering with technology solutions for medical applications. Ongoing geopolitical military conflict, supply chain turmoil and inflation are expected to drive continued demand from customers for Gresham's product offerings in 2023 and beyond. Increasing defense budgets for electronic technology solutions have created opportunities for Gresham to expand relationships with the U.S. Department of Defense, Global Defense Ministries and Tier One Defense Contractors. For the fiscal year ended 2022, Gresham had a backlog of approximately $30 million, up from $25 million for the prior fiscal year, providing a pathway for stable growth. The recent share exchange between Giga-tronics and Gresham Worldwide expanded both Gresham's customer base and portfolio of solutions. Gresham's management team expects continued global demand for technology solutions to support mission critical applications in defense, medical, transportation and telecommunications in 2023. Gresham continues to drive operational efficiencies post-merger, reducing operating expenses and streamlining manufacturing processes. Gresham is focused on meeting new requirements for existing customers and developing business with new customers to drive bookings and build additional backlog in 2023.
PHG

Hot Stocks

09:04 EDT Philips Incisive CT to be implemented by CMMC - Philip and Connally Memorial Medical Center, CMMC, announced that CMMC is implementing the new Philips Incisive CT as part of the healthcare system's latest investment in innovation to support the rural Texas communities it serves. The Incisive CT delivers powerful AI-driven applications, streamlining workflows for routine exam planning and preparation and patient positioning to shorten exam times, for an improved patient and staff experience.
AIT

Hot Stocks

09:03 EDT Applied Industrial Technologies names new General Counsel, Secretary - Applied Industrial Technologies (AIT) announced that Jon Ploetz has joined the Company as Vice President - General Counsel & Secretary. In this role, Ploetz will lead the Company's global legal affairs, governance and compliance activities, ESG efforts, and corporate secretary duties. Ploetz succeeds Fred Bauer who elected to retire effective January 31, 2023, after 30 years of service to the Company. Bauer remained the Company's Secretary throughout the replacement search; his official departure is March 31, 2023. Ploetz joins Applied from Harsco Corporation (HSC) where he served as Vice President, Assistant General Counsel & Assistant Corporate Secretary since 2018, and Assistant General Counsel, Corporate & Securities prior to that.
LNVGY

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09:02 EDT Sepio announces collaboration with Lenovo - Sepio, the cybersecurity platform company, announced collaboration with Lenovo to integrate Sepio's Asset Risk Management solution within Lenovo's ThinkShield security portfolio. Lenovo customers can now purchase devices with Sepio, giving them ultimate asset visibility, real-time policy enforcement, enhanced IoT security, and Rogue Device Mitigation. Sepio leverages physical layer information, which is augmented by a patented Machine Learning algorithm, to establish an objective DNA profile for every known and shadow asset.
MNSO

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09:02 EDT Miniso announces plans to expand into three new markets - Miniso has announced its plans to expand operations into three new markets, namely Angola, Trinidad and Tobago, and Latvia. With Panama, the four new partnerships were unveiled during Miniso's Global Partners Summit, held in Guangzhou, China, in March 2023.
SOPH

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09:02 EDT Sophia Genetics' SOPHiA DDM used by Acutis Diagnostics - SOPHiA GENETICS announced that Acutis Diagnostics will use SOPHiA DDM to develop a new genomic assay. This new next-generation sequencing, NGS, test will build on Acutis Diagnostics' track record of approved lab-developed tests that support clinical trials, cancer research and treatment. "The use of SOPHiA DDM will help us quickly launch this new assay to aid clinical researchers in speeding up the process for launching select clinical oncology trials and ensuring the most appropriate patients are enrolled," said Dr. Abdel Halim, Chief Scientific Officer and Executive Vice President, Acutis Diagnostics. "Additionally, the test is to provide researchers with a robust set of data and insights to support clinical decision-making and future research."
REAL

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09:02 EDT RealReal announces enhancements for seller experience - The RealReal announced significant enhancements for its seller experience. The RealReal has enhanced its consignment service model, now called RealService, which adds a dedicatedConsignor Concierge team to support sellers during every step in the consignment process. In addition to having an assigned Luxury Manager who helps sellers know what, when and how to sell and the team of experts who authenticate, price, and list every item on behalf of the consignor, the Consignor Concierge team will be the designated point-of-contact who will support and assist customers with any questions regarding the process. New product features such as the Resale Insights Center and The Handbag Pricing Estimator today, putting seller education at the forefront - placing deep data and expertise directly into the hands of its consignors. With more than a decade's worth of data from 30M+ items sold to date, the Resale Insights Center will help consignors understand how The RealReal prices each item and powers the Handbag Pricing Estimator, which allows customers to get an estimate of what their handbag is worth prior to consigning.
PRGO

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09:01 EDT Perrigo announces FDA rescheduled meeting to review application for Opill - Perrigo Company announced that the FDA has rescheduled a joint meeting of the Nonprescription Drugs Advisory Committee, or NDAC, and the Obstetrics, Reproductive, and Urologic Drugs Advisory Committee, or ORUDAC, for May 9 & 10, to review the Company's application for Opill daily oral contraceptive for over-the-counter, or OTC, use. Perrigo announced in July 2022 that its HRA Pharma affiliate filed an application with the FDA for the Rx-to-OTC switch of Opill, a progestin-only daily birth control pill.
VRPX SLN

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09:00 EDT Virpax Pharmaceuticals appoints Ruskin to board of directors - Virpax Pharmaceuticals (VRPX) announced that the Company has appointed Barbara Ruskin, Ph.D, J.D. to its Board of Directors, increasing the size of the Board to nine members. Most recently Dr. Ruskin serves as the Chief Intellectual Property and Innovation Officer for Silence Therapeutics (SLN)
LOOP

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08:47 EDT Loop Industries, SK Geo Centric complete due diligence of technology - Loop Industries and SK Geo Centric announced the successful completion of a technical due diligence conducted by SKGC and the validation of Loop's technology. The technical due diligence marks the next phase in Loop and SKGC's long-standing partnership to commercialize Loop's technology through Infinite Loop manufacturing facilities in the Asian market. SKGC, which acquired a 10% equity stake in Loop in August 2021, executed a comprehensive due diligence to validate Loop's technology and its production facility in Terrebonne, Quebec. The scope of the technical due diligence included the depolymerization of low value PET waste into its base monomers of DMT and MEG, the purification of the monomers, as well as the polymerization into virgin-quality Loop PET resin and polyester fiber. Key parameters of Loop's technology that were validated were the production yields, operational stability, quality of the outputting monomers and overall performance of the production facility. The technical due diligence validated that the PET resin and polyester fiber produced using Loop's technology is of virgin-quality. The technical due diligence report, signed by both parties, confirms Loop's technology. SKGC and Loop are committed to commercialize the Infinite Loop technology in Asia and the partners are planning several jointly built large-scale manufacturing facilities. Loop and SKGC are also working together with SK ecoengineering "SKEE", a subsidiary of the SK Group who brings considerable experience and proficiency as an EPC contractor, on the engineering services for their Asian manufacturing facilities. The first Asian manufacturing facility in Ulsan, South Korea, is anticipated to break ground in 2023 and the evaluation of the second Asian facility has already begun. The next step in the partnership is to sign the definitive joint venture agreement which is currently being finalized.
ISUN

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08:46 EDT iSun wins five new solar projects valued at $5.1M in Vermont - iSun announced that it had secured five contracts covering 6.5 MW and valued at $5.1 million in Vermont, to provide expanded solar energy capabilities at five industrial sites. HIGHLIGHTS: 6.5 MW in contracts expands iSun's already active and completed projects in the Vermont market; $5.1 million in new contracts highlights iSun's momentum in building upon existing customer relationships in 2023; Projects scheduled to begin in spring 2023 and are expected to be completed in 2023 and 2024. "We are excited to start 2023 by securing more new contracts that build upon the accelerated pace of contract wins we generated in the second half of 2022. These new projects with existing customers in Vermont demonstrate the momentum within our industrial division, and we're pleased that execution on these projects will begin this spring," said Jeffrey Peck, Chairman and Chief Executive Officer of iSun. "In 2023, we are focused on execution and efficiency, and we appreciate the trust and confidence of our customers in our ability to help them achieve their goals in alternative energy initiatives. This award demonstrates yet again our strong commitment to accelerating the transition to solar energy for customers in New England."
NMTR

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08:45 EDT 9 Meters Biopharma expects cash to fund programs into 3Q23 - As of December 31, 2022, the Company had total cash and cash equivalents of approximately $29.7 million, compared to approximately $39.4 million as of September 30, 2022. Included in total cash and cash equivalents was approximately $17.0 million and $23.5 million of restricted cash as of December 31, 2022 and September 30, 2022, respectively. Subsequent to year-end December 2022, the Company amended its convertible note and repaid approximately $16.8 million that was previously classified as restricted cash. In March 2023, the Company raised $5 million in gross proceeds through a registered direct offering. The Company anticipates that its cash runway is sufficient to fund operations into the third quarter of 2023.
SLP

Hot Stocks

08:45 EDT Simulations Plus enters new strategic collaboration with SACF - Simulations Plus announced that it established a strategic research collaboration with the Sino-American Cancer Foundation, SACF. This collaboration will leverage Simulations Plus' staff and Artificial Intelligence-driven Drug Design technology in the ADMET Predictor software platform to support the discovery and design of novel inhibitors of methylenetetrahydrofolate dehydrogenase 2, an emerging cancer target. Per the terms of the collaboration, Simulations Plus will develop quantitative structure-activity relationship models for efficacy against MTHFD2, using information from SACF as well as academic and patent literature. The biologists, computational and medicinal chemists in the Early Drug Discovery Services team at Simulations Plus will work with the researchers at SACF to define the multi-objective parameters against which the lead molecule will be optimized. The new AIDD Module in ADMET Predictor will then be employed to generate libraries of virtual compounds that are optimized for potency and other chosen parameters.
LHDX

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08:43 EDT Lucira announces at-home combination COVID-19 & flu test amidst sale process - Lucira Health announced both the nationwide launch of its breakthrough Lucira COVID-19 & Flu Home Test in the United States, as well as the combination test's inclusion in the Australian Register of Therapeutic Goods ARTG for use by healthcare professionals in a point-of-care setting. The COVID-19 & Flu Home Test is the first and only combination COVID-19 & Flu test to be granted emergency use authorization EUA by the U.S. Food and Drug Administration FDA for over the counter OTC use at home and other non-laboratory sites. The Lucira COVID-19 & Flu Home Test is a molecular test that demonstrated similar performance for COVID-19 and Influenza compared to highly sensitive lab-based PCR tests in clinical trials. "Both of these accomplishments represent important milestones for Lucira and underscore the viability of the Lucira technology platform in both at-home and point-of-care settings around the globe," said Erik Engelson, President and CEO of Lucira Health. "U.S. consumers will, for the first time ever, be able to diagnose if they have COVID-19 or Flu A or B while at home. With one-touch access to telehealth via our Lucira Connect web platform, they can now get onto the path to treatment and recovery within hours of receiving a test result from the comfort of home." "We are equally pleased to have our COVID-19 & Flu Test be included in the Australian Register of Therapeutic Goods. When flu season quiets down in the United States, it typically picks up in the southern hemisphere, and we believe that the speed and accuracy of diagnosis from our combination test could help patients to quickly access treatment and recovery in Australia. These authorizations speak to the future and clinical relevance of Lucira products as we seek a strategic or financial partner for the resumption of manufacturing and development of additional home diagnostic products."
ERNA

Hot Stocks

08:43 EDT Eterna appoints Jeff Karp to Scientific Advisory Board - Eterna Therapeutics announced the appointment of Jeff Karp, Ph.D. to Eterna's Scientific Advisory Board. Karp is the Distinguished Chair in Clinical Anesthesiology, Perioperative and Pain Medicine at Brigham and Women's Hospital and Professor of Anesthesia at Harvard Medical School in Boston.
TPHS

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08:43 EDT Trinity Place announces update on review of strategic alternatives - Trinity Place Holdings announced that it is providing an update on its ongoing review of potential strategic alternatives. As previously disclosed, the Company has been engaged in a process to review and evaluate potential strategic alternatives to maximize shareholder value. To that end the Company has engaged from time to time with various parties who have expressed interest in the Company's assets and attributes, and has considered a range of potential strategic transactions, including financing alternatives, a potential financial restructuring or a reorganization, merger, reverse merger, sale or other strategic transaction, with the goal of maximizing the value of the assets and attributes of the Company. The Company has retained Houlihan Lokey and Ackman Ziff as its financial advisors to assist with its evaluation of potential strategic alternatives.
SGSVF BTG

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08:43 EDT Proxy advisors recommend Sabina shareholders vote for B2Gold arrangement - Sabina Gold & Silver Corp. announced that both Institutional Shareholders Services and Glass Lewis & Co. have recommended Sabina shareholders vote FOR the previously announced plan of arrangement with B2Gold Corp. at the Company's upcoming special meeting of shareholders to be held on April 12, 2023.The Meeting will seek shareholder approval for the acquisition of all of the issued and outstanding shares of the Company by B2Gold, with Sabina shareholders receiving 0.3867 of a common share of B2Gold for each Sabina common share held, which represents a premium of 45% to the 20-day VWAP of each of B2Gold and Sabina on the TSX as of February 10, 2023, the last trading day before the announcement of the Arrangement, as well as when compared to the closing price of Sabina on the TSX as of February 2, 2023, the date the non-binding letter of intent was signed. In ISS's view, they found "(t)he transaction makes strategic sense as the combination will combine the attractive development assets and minerals reserves of (Sabina) with the size, scale, human capital, balance sheet, and cash flow generating capabilities of (B2Gold)" and that the Arrangement "will reduce some of the financing and execution risk currently borne by (Sabina) shareholders while providing an 18 percent premium to the unaffected date and (Sabina)'s highest share price since 2021." In conclusion, ISS cited the favourable comparison of the Arrangement to other similar transactions in the past 24 months and the market reaction as further reasons for shareholders to vote FOR the Arrangement. Additionally, according to Laurel Hill Advisory Group, the Company's proxy solicitation advisor, "Glass Lewis saw the strategic rationale for the Arrangement to be "straightforward," while their quantitative analysis found the Arrangement implied a price-to-net asset value of 0.54x, which was in the 84th percentile of trading multiples observed in Glass Lewis' peer set, as well as that the premium to the 30-day volume-weighted average price fell in the 71st percentile of their comparable transaction data set. Taking these factors together, Glass Lewis found that shareholders should vote FOR the Arrangement."
ADEA

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08:40 EDT Adeia signs semiconductor patent license agreement with Kioxia - Adeia announced that Kioxia Corporation entered into a long-term agreement to license Adeia's semiconductor patent portfolio, including those relating to hybrid bonding.
BKYI

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08:40 EDT BIO-key strategically teams with Ethnos IT Solutions expanding Africa reach - BIO-key International announced a strategic partnership with Ethnos IT Solutions to bring innovative IAM solutions to customers across Africa who are looking to enhance their cybersecurity with improved access security and seamless user experiences. Ethnos is Africa's leading cybersecurity and compliance management company. As a Value-Added Reseller, they provide Information Security, Risk Management, Cybersecurity and Compliance Management solutions to small and mid-sized enterprises, corporations, and government institutions across Africa, with a focus on the Banking, Fintech, Telecom, Education, and Oil and Gas sectors. The partnership with Ethnos further strengthens the international presence of BIO-key's IAM and Identity-Bound Biometric solutions. Ethnos joins BIO-key's global Channel Alliance Partner program which makes it easy for partners to develop new recurring revenue streams via BIO-key's full line of solutions, including its award-winning PortalGuard platform. PortalGuard supports multi-factor authentication with unique IBB methods, single sign-on, and self-service password reset, along with hardware solutions, such as fingerprint scanners and FIDO-key security keys. BIO-key solutions provide customers with unparalleled flexibility in securing all their access management needs and use cases. "We are very excited to partner with BIO-key. As renowned Cybersecurity experts and a leading Value-Added Reseller, this collaboration expands our capabilities and market reach and reinforces our commitment to delivering innovative solutions to our customers," said Peter Ejiofor, CEO of Ethnos. "With this partnership we look forward to expanding our international channel program," said Jose Frances, VP of Sales for Africa, Europe, and Brazil at BIO-key. "With Ethnos we have the ability to provide our unique IAM and Identity-Bound Biometrics solutions to their customers across Africa, leveraging their reputation as a trusted VAR and respected leader in the cybersecurity market."
RSTN

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08:39 EDT RDE's Restaurant.com expands partnership with Mosquito Hunters - RDE is excited for the growing partnership with Mosquito Hunters. When they first launched the relationship in 2015, Mosquito Hunters and Restaurant.com focused on the Chicagoland area only. As a result of the growth between Restaurant.com and Mosquito Hunters the relationship has now expanded nationwide. Mosquito Hunters leverages the Restaurant.com program for customer acquisition, retention, referrals, and reviews.
POWW

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08:37 EDT AMMO announces extension of share repurchase plan - AMMO announces that its Board of Directors approved an extension of the Company's share repurchase program for up to $30 million of its outstanding common stock until February 2024. Purchases made pursuant to the program will be made in the open market from time to time, at the Company's discretion, i through privately negotiated transactions or through other manners as permitted by federal securities laws. The timing, manner, price and amount of any repurchases will be determined by the Company and will be subject to economic and market conditions, stock price, applicable legal requirements and other factors. Previously, the Company disclosed in its Form 10-Q (Quarterly Report) filed on February 14, 2023 that approximately $29.7 million remained available for repurchases under the plan. The program is expected to continue following this public release and may be suspended or discontinued at any time prior to termination in February 2024.
RPAY

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08:36 EDT Repay Holdings to serve as backend clearing, settlement provider for MiCamp - Repay announced MiCamp Solutions has chosen REPAY as its new clearing and settlement processor. REPAY will offer full-service, end-to-end processing capabilities, next-day funding, robust reporting with daily risk and settlement statements, and chargeback management. "MiCamp is going through an important time in the trajectory of their company, and we're thrilled to work with the team and their sponsor bank as they move from a retail ISO to a full liability portfolio," said Shaler Alias, President, REPAY. "Our clearing and settlement platform is equipped to be flexible and provide the specific solutions that make the most sense for MiCamp and its merchants."
ADEA WDC

Hot Stocks

08:35 EDT Adeia signs semiconductor patent license agreement with Western Digital - Adeia (ADEA) announced that Western Digital (WDC) entered into a long-term agreement to license Adeia's semiconductor patent portfolio, including those relating to hybrid bonding.
CRAI

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08:35 EDT Charles River Associates announces vice president promotions - Charles River Associates announced the promotions of six new vice presidents. Sean Sheridan in CRA's Intellectual Property Practice, Eddie Li, Erika Sloan, and Griff Vinton in CRA's Life Sciences Practice, and Uur Akgun and Vicki Mertzanidou in CRA's Antitrust & Competition Economics Practice, have been promoted to the level of vice president.
ALSN

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08:34 EDT Allison Transmission selected to equip AM General's A1 version of JLTV - Allison Transmission will provide the Allison 2500 Specialty Series, SP, transmission for AM General's A2 version of the Joint Light Tactical Vehicle, JLTV. The JLTV is used by the U.S. Army, Navy, Marine Corps and Air Force in addition to allied forces around the world. "Allison is extremely proud that the 2500 SP will remain the propulsion solution of choice for the JLTV," said Dana Pittard, Vice President, Defense Programs, Allison Transmission. "We are providing innovative propulsion solutions that meet the needs of our customer and deliver fuel efficiency technologies that offer on-the-move fuel economy improvements and anti-idle capability that optimize combat effectiveness of tactical wheeled vehicles."
SMFL

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08:34 EDT Smart for Life's Greens First CEO Ryan Benson provides video update - Smart for Life provided a video presentation of Ryan Benson, Greens First CEO, discussing the recently announced Boxout distribution agreement.
NAOV

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08:33 EDT NanoVibronix receives final results of lifecycle testing of PainShield - NanoVibronix announced that independent life expectancy testing performed by Carmel Labs in Israel confirm that its PainShield met all tested functionalities. Brian Murphy, Chief Executive Officer of NanoVibronix, "Independent third-party testing results confirm that PainShield, our non-opioid, ultrasound therapy device for pain, met the defined testing parameters for lifecycle expectancy. We plan to submit the results of the testing to the Centers for Medicare and Medicaid Services to backfill our pending application for Medicare coverage." Murphy continued, "As you may recall, we were notified in September of 2022 by CMS that PainShield lacked sufficient life expectancy testing data, and therefore denied Medicare coverage. We subsequently commissioned the testing services of an independent, third party and received positive interim test results in January of this year. Today, we are confirming the testing is complete and the results were overwhelmingly positive. We believe these results clear the way for us to move forward with securing approval from CMS and ultimately making our device more widely available to those who could benefit from its use."
SIDU

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08:33 EDT Sidus Space successfully complete command, data system testing - Sidus Space successfully completed critical command and data system testing required for mission success of its LizzieSat constellation. With this testing complete, LizzieSat is one step closer to its manifested 2023 launch from Cape Canaveral, Florida, on a SpaceX Falcon 9 rocket. Sidus Space partnered with Kongsberg Satellite to complete the S-Band Radio Frequency Compatibility Test for the Company's hybrid 3D-printed satellites. The completion of these tests validates the proper functioning of the communications and data transfer paths between a LizzieSat satellite in space and the KSAT ground stations. "The successful test of Sidus Space integrated space to ground communications architecture meets critical design requirements. LizzieSat satellite communications route seamlessly into our Mission Control Center (MCC) and allow Sidus flight controllers to maintain each satellite at peak efficiency throughout it's 5-year orbital lifetime," said Carol Craig, Sidus Space CEO.
CYRX

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08:31 EDT Cryoport announces agreement with Inception Fertility - Cryoport announced a multi-year agreement with Inception Fertility, North America's largest provider of comprehensive fertility services. Inception Fertility operates The Prelude Network, the largest and fastest-growing technology-led network of fertility centers in North America, and MyEggBank, one of the largest and most diverse networks of donor egg banks and practices in North America. Through this three-year partnership, Prelude and MyEggBank will continue to utilize Cryoport's end-to-end supply chain solutions for egg and embryo shipments across their clinical networks to ensure significant risk mitigation for families using these services. Additionally, Prelude's patient medical record system will be integrated with Cryoport's Cryoportal 2.0, which will merge each shipment's tracking, condition monitoring and equipment qualification data into a single data stream, providing better service to Inception and Prelude's patients.
LILM

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08:31 EDT Lilium reports 2022-end liquidity EUR 206M, talks on follow up funding ongoing - Company reports year ear-end 2022 liquidity: EUR 206M active and constructive discussions on follow-up funding in progress. "Cost savings implemented to improve efficiencies, but spending remains on track to hold program timing. Lilium selected for EU research program with grant award . At the end of 2022, and following our $119M capital raise completed in November 2022, Lilium's liquidity stood at EUR 206M versus EUR 160M at the end of the third quarter 2022. Cash spend during the fourth quarter included one time advanced payments to aerostructures suppliers, which were brought forward to support program timelines, mainly related to the fuselage, doors, wings, and canards of the type-conforming Lilium Jet, due to begin production later this year. The adjusted cash spend5 for the full year 2022 was in line with the budget plan, at approximately EUR 250M."
SOBR

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08:31 EDT SOBR Safe signs SaaS agreement with The Fox Group - SOBR Safe announced that it has signed a software as a service agreement with the Fox Group, based in British Columbia, Canada and with operations in the United States. The Fox Group is a leader in North American commercial driver education, counting Provincial Driver Training Institute, North Shore Driving School and Fox Professional Driver Training Centers among its portfolio holdings. The Fox Group will initially install the SOBRcheck alcohol detection technology in select Canadian locations, and then has targeted its entire training organization of over 3,500 employees and all student drivers for SOBRcheck expansion.
NTRB

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08:29 EDT Nutriband securs $2M line of credit financing facility - Nutriband has entered into a three-year $2,000,000 Credit Line facility to provide financing through the FDA approval process into commercial scale manufacturing for the Company's patented lead product, AVERSA Fentanyl, an abuse-deterrent fentanyl transdermal system. AVERSA Fentanyl contains Nutriband's proprietary transdermal abuse deterrent technology.
SFM

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08:26 EDT Sprouts Farmers Market to eliminate single use plastic bags by end of 2023 - Sprouts Farmers Market announced it will eliminate single use plastic bags at checkout by the end of 2023. With this decision, Sprouts will remove over 200 million single use plastic bags from circulation each year. Sprouts has already eliminated single use plastic bags at 132 of its California stores and will roll out this initiative in phases next month, beginning with Nevada, Utah, Maryland, Pennsylvania and Virginia stores. Sprouts will offer customers stronger, reusable plastic bags made from 40% post-consumer recycled material that are designed to be reused at least 125 times and will continue to offer customers numerous other reusable bag options for purchase. Sprouts will encourage customers to bring their own reusable bags by charging ten cents per reusable plastic bag. The company has also stopped offering paper bags at checkout as paper bags are generally not reusable, often are not recycled and have a high environmental cost in terms of water, energy and raw materials used in their manufacture. Customers can continue to bring single use plastic bags to Sprouts stores for recycling after use; in 2022, customers recycled nearly one million pounds of soft plastics at Sprouts stores. Learn more about this initiative and Sprouts' sustainability efforts at sprouts.com/sustainability.
KRNL BLDE

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08:24 EDT Kernel Group, AIRO enter MOU with BLADE India - Fly Blade, a joint venture between Hunch Ventures and Blade Air Mobility, Inc., and Jaunt Air Mobility , a subsidiary of AIRO Group Holdings, announced today they have signed a memorandum of understanding aimed at launching electric vertical take-off and landin aircraft operations in India and the subcontinent region by 2027. The MOU includes BLADE India's intended acquisition of 150 Jaunt Journey aircraft, with an option to order another 100 aircraft to meet the projected demand over the next decade. As the 3rd largest aviation market in the world, India is undergoing a major transformation with a growing need for seamless and faster connectivity to connect passengers in urban areas. BLADE India is a leader in this effort, having established short haul mobility services in cities nationwide. Jaunt, a global aerospace company, has pioneered the all-electric Jaunt Journey, an aircraft that combines helicopter and fixed-wing flight capabilities, highlighting safety, low noise, and operational efficiencies. Jaunt is pursuing a Transport Category certification for its aircraft, equivalent to that of commercial airliners. The companies expect to collaborate in specific areas that are critical to support future short-haul mobility operations. Their plans include, in particular, BLADE India working with Jaunt and its partners to explore development of key infrastructure capabilities in aircraft charging and energy distribution technologies. In turn, Jaunt intends to use BLADE India's existing short haul operational and customer experience to support the development of the Jaunt Journey aircraft and its integration into the Indian airspace.
ACN

Hot Stocks

08:23 EDT Accenture, QuSecure team in first successful multi-orbit communications link - QuSecure announced that the company, in collaboration with Accenture, has accomplished the first successful multi-orbit data communications test secured with post-quantum cryptography, which refers to cryptographic methods that are secure against an attack by a quantum computer. This demonstrates that crypto-agility, successfully rotating to a less vulnerable algorithm, is real and possible. This outcome was accomplished through an Accenture-facilitated LEO data transmission. The entire transmission was secured using both classical cybersecurity and quantum-resilient cybersecurity utilizing QuSecure's QuProtect platform, all with no installation of software on the satellites. "Outer space is getting more crowded and contested every day, and providing reliable space-based security is critical in today's global economy," said Tom Patterson, Quantum and Space Security lead at Accenture. "Bringing advanced security capabilities like QuSecure's quantum-resistant crypto agility systems to orbit drives Accenture forward to better secure businesses on earth and throughout the space ecosystem."
ABOS

Hot Stocks

08:23 EDT Acumen presents in vitro human neuron model for evaluating oligomers in AD - Acumen Pharmaceuticals has demonstrated the utility of a human in vitro model of iPSC-derived excitatory neurons for a better understanding of which forms of amyloid beta oligomers contribute to the pathogenesis of AD in the human brain. This research will be presented in a poster at the International Conference on Alzheimer's and Parkinson's Diseases and related neurological disorders AD/PD , held in-person in Gothenburg, Sweden, and virtually March 28 - April 1. There is considerable scientific evidence that supports the role of toxic forms of soluble aggregates of Ass, such as oligomers and protofibrils, in the pathogenesis of AD. Soluble AssOs have been found to bind at synapses, which leads to altered neuronal function, and can initiate and perpetuate the process of neurodegeneration. However, soluble AssOs exist in many forms - including globular and linear conformations, a wide range of size distributions, and diverse epitope displays - and it remains unclear which of these species are most relevant to AD pathogenesis. Soluble AssOs have been challenging to model in the laboratory even though they have been identified in the cerebrospinal fluid of AD patients; their concentrations are low in CSF, and an understanding of their diversity, especially with regard to molecular weights in the human brain, needs additional refinement...This research complements Acumen's ongoing clinical development of ACU193, a humanized monoclonal antibody candidate that selectively targets toxic globular sAssOs. Acumen recently completed patient enrollment in INTERCEPT-AD, a Phase 1, U.S.-based, multi-center, randomized, double-blind, placebo-controlled clinical trial evaluating the safety and tolerability, and establishing clinical proof of mechanism, of ACU193 in patients with early AD. The Company plans to initiate a Phase 2 trial of ACU193 with the potential to expand into a Phase 3 trial. "We believe that these research efforts contribute to the development of next-generation therapies with higher selectivity for toxic soluble amyloid species that are most relevant to Alzheimer's pathogenesis," said Erika Cline, Ph.D., lead author and Manager of Bioanalytical Methods at Acumen Pharmaceuticals. "Studies assessing how different soluble AssO species bind to synapses are important for identifying AssO preparations that will help bridge the understanding of how AssO-targeting antibodies behave in biochemical assays and in vivo. Furthermore, models utilizing human neurons have the potential to accelerate the identification of prime targets for clinical drug development. Together with Acumen's ongoing Phase 1 clinical trial of ACU193, we aim to provide proof of mechanism data that we believe will shed additional light on the role of toxic oligomeric species in Alzheimer's disease."
SYY HTZ

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08:21 EDT Sysco appoints Kenny Cheung to CFO - Sysco has appointed Kenny Cheung to the position of CFO, effective April 17, 2023. Neil Russell, who has served as Interim CFO since January 6, 2023, has been appointed to the newly created position of Chief Administrative Officer. Cheung joins Sysco with nearly 20 years of financial and operational executive experience. He most recently served as Executive Vice President, Chief Financial Officer at The Hertz Corporation (HTZ).
DIST

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08:20 EDT Distoken Acquisition announces upcoming unit separation - Distoken Acquisition announced that, commencing March 30, 2023, the Company's units will no longer trade, and that the Company's ordinary shares, rights and warrants, which together comprise the units sold in the Company's initial public offering, will commence trading separately. The ordinary shares, rights and warrants that are separated will trade on the Nasdaq Global Market under the symbols "DIST," "DISTR," and "DISTW," respectively. This is a mandatory and automatic separation, and no action is required by the holders of units. The units were initially offered by the Company in an underwritten offering. I-Bankers Securities, Inc. and IB Capital LLC acted as the joint book-runners for the offering. The offering was made only by means of a prospectus. Copies of the prospectus may be obtained by contacting I-Bankers Securities, Inc., 2500 N Military Trail, Suite 160-A, Boca Raton FL 33431. A registration statement relating to the securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission on February 13, 2023.
HPQ

Hot Stocks

08:19 EDT HP Inc. announces line-up of gaming hardware, software - HP announced its latest line-up of gaming hardware and software designed to bring gamers everything they need to enjoy the games they love. The new OMEN Transcend 16 Laptop, OMEN 16 Laptop, Victus 16 Laptop, and a vast range of stunning OMEN monitors offer casual, hobbyist, lifestyle, and hardcore gamers the power and flexibility to play and work hard. To bring everything together, new enhancements in OMEN Gaming Hub offer a variety of performance and personalization features.
KTOS

Hot Stocks

08:18 EDT Kratos SRE welcomes Senator Katie Britt to Birmingham facility - Kratos Defense & Security Solutions recently welcomed U.S. Senator Katie Britt to Kratos SRE in Birmingham, Alabama, to showcase their expertise in the development, modeling and deployment of advanced technologies including materials for extreme environments, hypersonics, space systems, missile systems, missile defense, strategic deterrence, propulsion systems, RF technology integration, additive manufacturing, airborne ISR, and energy applications. Kratos SRE, formerly part of Southern Research and acquired by Kratos in May 2022, is an advanced concept group within Kratos' Defense & Rocket Support Services Division. SRE currently employs about 165 engineers, technicians and program support professionals conducting work in support of the space community, the Department of Defense and other national security customers. Kratos SRE's growth within Birmingham is part of the company's overall strategy to expand leading-edge technology capabilities in areas specifically related to hypersonics.
HEOFF

Hot Stocks

08:17 EDT H2O Innovation proposes cartridge filter cleaning solution - H2O Innovation announced that it has performed a cleaning-in-place for cartridge filters at a water treatment facility using its Genesys-PWT membrane cleaners. This new cleaning method could prevent water treatment facilities from disposing of millions of cartridge filters each year, thereby helping them reduce their plastic waste and achieve their sustainability objectives. Over time, the sediment collected on cartridge filters creates physical and chemical fouling, which causes their performance to drop. As a result, reverse osmosis (RO) plant operators need to conduct periodical cartridge filter replacement to maintain optimal membrane performance and are constrained to sending the old filters to landfill. In some plants, cartridge filter replacement occurs several times a year or even monthly, resulting in not only cartridge costs but also in substantial losses due to the downtime required for filter replacement. Some plants may have up to 20,000 cartridge filter units, making replacement time very significant.
BKSY

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08:17 EDT BlackSky's new satellites complete commissioning - BlackSky Technology successfully commissioned two new satellites that began revenue-generating commercial operations within 18 hours of "The Beat Goes On" launch mission. "BlackSky has more than doubled our on-orbit capacity in the last 18 months, with enough capacity to support growth over the next two years," said Nick Merski, BlackSky chief operating officer. "Our flexible architecture gives us the ability to realize incremental benefits quickly as we add ever-advancing, multi-generational capability to our constellation." BlackSky's first-of-a-kind commercial constellation provides reliable and dynamic hourly monitoring, up to 15 times a day from dawn until dusk. "With next generation capabilities on the horizon, this launch reinforces BlackSky's relentless commitment to advancing consistent and uninterrupted real-time intelligence and global monitoring services for our customers," Merski added.
ROIV

Hot Stocks

08:16 EDT Covant and Boehringer Ingelheim team to develop novel ADAR1 inhibitor - Covant Therapeutics, an innovative covalent drug discovery company, has entered into an exclusive research collaboration and worldwide licensing agreement with Boehringer Ingelheim covering Covant's ADAR1 program. The companies jointly aim to develop a novel small molecule immunotherapy targeting ADAR1 to transform the lives of cancer patients. Covant significantly accelerates drug discovery for challenging targets like ADAR1 by using its industry-leading platform, which combines high-throughput chemoproteomics-based screening in the native setting with structural proteomics. Covant is systematically applying its platform to discover novel, high-value first-in-class and best-in-class therapeutics.The Covant-Boehringer Ingelheim collaboration seeks to create an ADAR1 inhibitor that could be used in combination with other immunotherapies to increase their efficacy. To date, existing immunotherapies have revolutionized cancer treatment but only work in a minority of patients.Inhibiting ADAR1 has the potential to address this challenge by transforming "cold" tumors into "hot" tumors, which have more immune cells present in the tumor micro-environment. "ADAR1 is an exciting immuno-oncology target with significant therapeutic potential," said Lamine Mbow, Global Head of Cancer Immunology & Immune Modulation, Boehringer Ingelheim. "We are committed to transforming the lives of cancer patients by delivering meaningful advances with the ultimate goal of curing a range of cancers. By partnering with Covant's exceptional scientific team and powerful platform, we aim to bring next-generation immunotherapies to cancer patients." Under the terms of the agreement, Covant will be responsible for the discovery of ADAR1 small molecule inhibitors. In turn, Covant will receive an upfront payment of $10M and will be eligible for up to $471M in additional milestone payments along with tiered royalties on global sales. Covant Therapeutics is a Boston-based covalent drug discovery company that was incubated by Roivant Sciences (ROIV). Covant creates novel therapeutics by using covalency to imprint and regulate proteins. To discover these therapeutics, the company applies cutting-edge capabilities and expertise in chemistry, quantitative proteomics, translational sciences, and deep learning.
OTRK

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08:16 EDT Ontrak will bring MyndYou's AI-powered virtual care assistant to health members - Ontrak jointly announced that Ontrak Health will use MyndYou's MyEleanor, an AI-powered conversational platform, to engage with members, triage needs, and address issues pertaining to behavioral, medical, or social care needs. The announcement comes after a successful pilot program in which Ontrak Health used MyEleanor to call members on their phones and have emotionally-driven AI "conversations" to remind them of appointments, check in on their health and assess them for risks. "There is a lot of talk about using cutting-edge AI in health care, but MyndYou is actually delivering it," said Dr. Judith Feld, Chief Medical Officer at Ontrak Health. "The successful pilot program has demonstrated the value of MyEleanor in expanding our outreach effort to our members, which increases both satisfaction and outcomes. We are excited to expand MyEleanor to our entire member population."
BWAY

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08:16 EDT Brainsway announces publication of post-marketing data analysis for Deep TMS - BrainsWay announced the publication of an expansive post-marketing data analysis demonstrating high response and remission rates for depression and anxious depression patients undergoing Deep Transcranial Magnetic Stimulation treatment. The data, published in Psychiatry Research, showed the substantial benefits of Deep TMS treatment for depression, with patients who had received 30 or more treatments achieving an 82% response rate and a 65% remission rate. In the study, BrainsWay collected an aggregate data set from 1,753 patients across 21 clinics, of which 1,351 patients met the inclusion criteria for the analysis. All patients were treated with the Deep TMS H1 Coil utilizing either a standard protocol or a shorter intermittent theta burst protocol. Outcomes were measured with clinician-based scales and/or patient self-administered questionnaires designed specifically for depression. This analysis showed that the average patient achieved sustained response at 16 sessions, or 21 days after beginning treatment. The evidence also showed that efficacy rates were similar between the standard and iTBS protocols. Data from questionnaires which are not specific to depression, and thus less relevant for assessing depression changes, were intentionally excluded.
IDN

Hot Stocks

08:15 EDT DealerShop enters partnership with Intellicheck to offer fraud protection - Intellicheck announced a partnership with DealerShop to offer their nationwide auto dealer and collision center members access to state-of-the-art fraud protection. The partnership gives DealerShop members the opportunity to take advantage of cutting-edge digital and physical identity verification solutions through Intellicheck's web-based Portal+ solutions and Intellicheck mobile assuring unsurpassed protection against identity fraud.
IPX

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08:15 EDT IperionX, Canyon to improve sustainability in bicycle industry supply chain - IperionX partners with Canyon Bicycles to develop a more sustainable titanium supply chain for the bicycle industry through the production of bicycle components using IperionX's 100% recycled and low-carbon titanium. IperionX is working closely with Canyon's product development and ESG teams to produce bicycle components using IperionX's low-carbon, recycled titanium metal powders via additive manufacturing methods. The parties have agreed upon an initial project to prototype Canyon bicycle parts, including for bicycle frames, using IperionX's 100% recycled titanium produced by IperionX via additive manufacturing methods. The term of this initial agreement is until June 30, 2025. Upon successful completion of the initial prototyping, Canyon and IperionX intend to negotiate an agreement for larger scale production.
BMEA

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08:14 EDT Biomea Fusion announces data from ongoing Phase II study of BMF-219 - Biomea Fusion announced initial positive topline data for the first two cohorts of patients with type 2 diabetes mellitus enrolled in the Phase II portion of its ongoing Phase I/II clinical study of BMF-219, the company's novel, investigational covalent menin inhibitor. Beta cell loss has been observed to be a critical component of the etiology and pathogenesis of both type 2 and type 1 diabetes; menin is thought to be a key inhibitory regulator that limits beta cell recovery in the pancreas. Using its proprietary FUSION System, Biomea designed BMF-219 to specifically inhibit menin to release the brakes on beta cells, and potentially enable their regeneration, reactivation, and preservation. This is the first clinical observation of patients with diabetes having a robust glucose-lowering response driven by an investigational menin inhibitor with a potentially disease-modifying mechanism of action, which may allow for continued glycemic control for prolonged periods even after treatment is stopped. 40 patients were enrolled in the first three cohorts of COVALENT-111, with the first cohort comprising 16 healthy volunteers; 12 HVs were exposed to 100 mg BMF-219 once daily for two weeks and 4 HVs were exposed to placebo. In Cohorts 2 and 3, T2DM patients received BMF-219 once daily for 4 weeks with or without food, respectively. In the two active treatment cohorts, enrolled patients had T2DM diagnosed for less than15 years, were between the ages of 18 to 65, had been treated with lifestyle management together with up to three anti-diabetic medications, with a stable dose for at least two months prior to screening, had a BMI greater than or equal to25 and less than or equal to40 kg/m2, and had poorly controlled diabetes. At baseline, diabetic patients enrolled in the two active treatment cohorts, Cohorts 2 and 3, had a median A1c of 7.9 and 7.8%, respectively. A negative food effect was seen between active treatment Cohort 3 and Cohort 2, which decreased the exposure significantly. Patients in active treatment Cohort 3 saw about a three-fold median increase in Cmax and AUC compared to Cohort 2. Additional Clinical Observations: Cohort 3: Patients on BMF-219 demonstrated a median A1c reduction: -1.0% and an 89% response rate at 4 weeks; 78% of patients achieved a greater than0.5% reduction in A1c; 56% achieved a greater than1.0% reduction in A1c; Cohort 2: Patients on BMF-219 had a median A1c reduction: -0.3% and a 70% response rate at 4 weeks; 30% of patients achieved a greater than0.5% to less than1.0% reduction in A1c; Placebo: 4 diabetic patients on placebo had a median A1c and mean A1c reduction between -0.1% to -0.15%. In COVALENT-111 all patients are being assessed for changes in plasma glucose, HOMA-B, HOMA-IR, C-peptide, fasting insulin, oral glucose tolerance testing, key metabolic and lipid parameters, including weight, triglycerides, cholesterol, and for durability of response after BMF-219 treatment has completed. Further analysis and a detailed data summary will be presented at an upcoming major medical meeting. BMF-219 was generally well tolerated; all patients completed the 4-week treatment, and all patients continue in follow-up to assess the durability of the treatment effect. There were no dose reductions, serious adverse events, or severe adverse events. In the active treatment Cohorts 2 and 3 7 of 20 patients treated with BMF-219 showed mild Treatment Emergent AEs, 1 of 20 patients treated with BMF-219 showed a moderate TEAE and 2 of 4 patients treated with placebo showed mild TEAEs. No patients showed symptomatic hypoglycemia and no other TEAEs were observed. In the healthy volunteer Cohort 1, 2 of 12 subjects treated with BMF-219 and 1 of 4 subjects treated with placebo showed mild TEAEs. No other TEAEs were observed.
WAT ETN

Hot Stocks

08:12 EDT Waters Eaton appoints Fearon to board of directors - Waters Corporation (WAT) announced the appointment of Richard Fearon to its Board of Directors, effective March 27, 2023. Fearon is the former Vice Chairman and Chief Financial and Planning Officer of Eaton Corporation (ETN), a multinational power management company. As previously disclosed, Edward Conard, a director since 1994, will retire from the Waters Board at the Company's 2023 Annual Meeting. Following the Meeting, the Board will be comprised of nine members, three of whom have been appointed in the last year.
BRDS

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08:11 EDT Bird Global announces expanded global operations - Bird Global announced that with the return of warm weather, scooters are hitting the roads in dozens of cities across the globe, including new programs around Europe, the U.S. and Canada. Bird expects tens of millions of rides across the company's global footprint in the coming months. These new and growing cities join already successful programs in the Middle East and Australia. New North American city launches this spring include Dallas, Texas; Lincoln, Nebraska; Logan, Utah; Montgomery, Alabama; and Pocatello, Idaho; as well as numerous cities in the Greater Toronto Area. In Europe, Bird will launch in numerous Italian cities, including Cervia, Ercolano, Grosseto, and Cagliari; and will expand in Israel with a launch in Ramat Hasharon. "Spring weather means more people are choosing electric scooters and e-bikes to commute to work, get to school, and explore their cities," said Shane Torchiana, CEO, Bird. "As we enter our busy season, we are committed to being a trusted partner to cities while delivering on our goal of being the first micromobility provider to hit positive free cash flow in 2023. We're super grateful to the riders, partners, and policymakers who make our programs successful and look forward to continuing to grow our footprint in a sustainable way with them."
PD

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08:09 EDT PagerDuty introduces first Process Automation solution PagerDuty Operations - PagerDuty announced the newest PagerDuty Process Automation release within its essential infrastructure for critical work, the PagerDuty Operations Cloud solution. These updates enable organizations to orchestrate automation across secure cloud and data center environments. "Most organizations have automation operating across cloud, non-cloud, and distributed infrastructures which have some of the highest security and compliance requirements," said Sean Scott, Chief Product Development Officer at PagerDuty. "Engineers can now rely on the PagerDuty Process Automation solution to meet these requirements while speeding up their ability to deploy changes and innovation."
ANEB

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08:09 EDT Anebulo announces results from Phase 2 clinical trial evaluating ANEB-001 - Anebulo Pharmaceuticals announced complete results from its randomized, double-blind, placebo-controlled Phase 2 clinical trial evaluating ANEB-001 as a potential treatment for ACI in healthy volunteers challenged with oral delta-9-tetrahydrocannabinol, or THC. Part B of the study was an adaptive design that included six cohorts of up to 15 healthy adults to examine different doses of THC and ANEB-001, and the impact of delayed dosing of ANEB-001 or placebo. In total, Parts A and B of the Phase 2 study enrolled 134 healthy subjects. Data from Part A of the study previously showed positive protective effects of a single oral dose of 50 or 100 mg ANEB-001 when co-administered with an oral challenge dose of 10.5 mg THC. In Part B of the study, subjects were challenged with substantially higher oral doses of THC and treated with lower doses of ANEB-001 or a matching placebo. Delayed dosing of ANEB-001 was also examined by introducing a one-hour pause between the THC challenge and treatment with the ANEB-001 or placebo. The final cohort of the study included the administration of a high-fat meal prior to the THC challenge. Based on the final data for Part B of the study, a single low oral dose of ANEB-001 administered 1 hour after a THC challenge rapidly and statistically significantly reversed key psychotropic effects of THC doses as high as 30 mg, including a reduction in the visual analog scale for feeling high and improvement in VAS alertness and reduced body sway. The Phase 2 study was conducted in the Netherlands by the CHDR. A total of 134 healthy subjects were enrolled.
IMRX REGN

Hot Stocks

08:09 EDT Immuneering appoints Harold Brakewood as CBO - Immuneering Corporation (IMRX) announced that it has appointed Harol Brakewood as its Chief Business Officer. Mr. Brakewood, who has more than 25 years of experience as a senior executive in the biotechnology and pharmaceutical industry, will be responsible for corporate and business development, new product planning, and commercial strategy. He joins Immuneering from Regeneron (REGN) Pharmaceuticals where he most recently served as Vice President, Business Unit Head for oncology, Covid-19, and new product planning.
VACC

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08:09 EDT Vaccitech : Phase 1b/2a trial of VTP-300 met primary, secondary endpoints - Vaccitech announced positive topline final data from the HBV002 study,NCT04778904 , a Phase 1b/2a clinical trial of VTP-300 in people with chronic Hepatitis B,HBV, infection. The completed trial, which included 55 patients with chronic hepatitis B, supported the generally favorable tolerability profile previously reported with VTP-300, with no incidents of VTP-300-related Grade 3 adverse events or product-related serious adverse events following study dosing. VTP-300 was observed to induce meaningful, sustained reductions of Hepatitis B surface antigen (HBsAg) in patients with chronic HBV. Declines were most prominent in patients with lower baseline HBsAg. The final results of the immunology assays are currently being analyzed and the full data, including tolerability and immunogenicity results, will be presented at the upcoming EASL Congress, June 21-24, 2023. "The safety data and HBsAg reductions in the HBV002 study are very encouraging and we look forward to sharing the full data set, including immune responses, at the EASL conference," said Bill Enright, CEO of Vaccitech. "Less than 10% of people with chronic HBV reach a functional cure with current therapies. We believe VTP-300 has the potential to be a critical component of functional cure for HBV, potentially eliminating the need for chronic treatment. Our ongoing trials are exploring dosing, including an additional booster, and combination approaches with readouts expected towards the end of the year."
LTRN

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08:08 EDT Lantern Pharma doses first patient in Phase 2 Harmonic clinical of LP-300 - Lantern Pharma announced the dosing of the first patient in the Phase 2 Harmonic clinical trial evaluating Lantern's investigational new drug LP-300 in combination with chemotherapy for never smokers with advanced non-small cell lung cancer, NSCLC. "Never-smokers with non-small cell lung cancer face limited choices in therapy options after treatment with targeted therapies, and we believe there is a great opportunity to introduce a therapeutic regimen designed specifically for this subgroup of cancer patients," stated Reggie Ewesuedo, M.D., M.Sc., MBA, Lantern Pharma's VP of Clinical Development. "These patients show tremendous bravery and resolve in helping to establish signals of efficacy including potential increased survival in this Phase 2 trial that combines LP-300 with standard-of-care treatment. Our team continues to watch and monitor additional patients that are being screened and who, after guidance from their clinicians, may potentially enroll in the Harmonic(TM) trial," continued Dr. Ewesuedo.
SATL

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08:08 EDT Satellogic announces integration with SkyFi - Satellogic announced its partnership and integration with SkyFi. This partnership will allow SkyFi's customers to task Satellogic satellites directly through the platform. This capability is available to both businesses and individuals. "SkyFi and Satellogic are both committed to democratizing access to Earth Observation data," said Emiliano Kargieman, CEO and Co-Founder of Satellogic. "This partnership expands the availability of affordable, high-resolution satellite images and enables customers to task their specific points of interest through a seamless app. It's a strategic step forward in helping to increase the adoption of Earth Observation across existing and emerging markets."
UBER

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08:07 EDT Uber Eats launches U.S. certified virtual restaurant program - Uber Eats announced a new Certified Virtual Restaurant Program. This initiative, launched in partnership with leading brand builders Virtual Dining Concepts, Nextbite and Acelerate, aims to make virtual restaurant operations more streamlined and effective for merchants, and to create a more consistent, reliable virtual restaurants experience for consumers who use Uber Eats. The program is part of an ongoing effort at Uber to refocus its virtual restaurant operations-which has accelerated massively in the wake of the pandemic to over 40,000 virtual storefronts-with an emphasis on quality for the benefit of consumers and merchants across the country. The Certified Virtual Restaurant Program allows merchants to tap into a pipeline of virtual restaurant concepts curated by Uber and vetted to meet high-bar standards in menu quality, operations, and branding.
CRDF

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08:06 EDT Cardiff Oncology: First patient dosed in Phase 2 ONSEMBLE trial - Cardiff Oncology announced that the first patient was dosed this month with its investigational drug onvansertib in its Phase 2 ONSEMBLE trial. The trial is designed to demonstrate a clinically meaningful difference in response and onvansertib's contribution to standard of care FOLFIRI/bevacizumab for the second line treatment of patients with KRAS/NRAS-mutated metastatic colorectal cancer.
ACRV

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08:05 EDT Acrivon Therapeutics expects cash to fund operations into 4Q24 - As of December 31, 2022, the company had cash, cash equivalents and marketable securities of $169.6 million, which is expected to fund operations at least into the fourth quarter of 2024.
STN

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08:04 EDT Stantec, May Mobility partner to deliver turnkey AV microtransit solutions - May Mobility and Stantec announced a partnership to create innovative transportation solutions through AV microtransit. Combining their strengths, the companies will collaborate on infrastructure developments and formally pursue opportunities to implement AVs across a range of commercial and municipal locations globally. The companies share a vision for developing smart and transformative transportation solutions. Coinciding with this goal, May Mobility will also work with Stantec to discover opportunities to implement additional sustainability and accessibility initiatives globally.
BIAF

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08:04 EDT BioAffinity Technologies announces publication of paper on CyPath Lung test - bioAffinity Technologies announced the publication of a paper titled "Porphyrin-modified beads for use as compensation controls in flow cytometry" in the peer-reviewed Journal of Visualized Experiments, JoVE. The paper describes the protocol for preparing porphyrin-labeled compensation beads to optimize the results of bioAffinity's CyPath Lung test to detect early-stage lung cancer. bioAffinity Technologies has an international patent pending for the proprietary compensation beads and their use in flow cytometry. "The publication of our peer-reviewed paper in JoVE is a recognition of our commitment to advancing innovative science in line with the Company's mission of improving the survivability of lung cancer, the world's deadliest cancer, through expanded screening and early diagnosis," said Maria Zannes, President and CEO of bioAffinity Technologies.
ICCM

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08:03 EDT IceCure Medical: NMPA of China approves IceSense3 disposable cryoprobes - IceCure Medical announced the National Medical Products Administration of China approved the company's IceSense3 disposable cryoprobes for commercial use, to be used in combination with the company's IceSense3 console, which was previously approved by the NMPA.
LILM

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07:57 EDT Lilium, Customcells ramp up silicon anode battery cell production - Lilium and Customcells are ramping up battery cell production of Lilium's high silicon content cells with weekly deliveries from Customcells production line in Tubingen, Germany. The production line will deliver thousands of cells annually and is on track to meet aviation standards for traceability and process control using a combination of standard cell production processes and a pre-lithiation process for high silicon content cells. Lilium partners with Ionblox for its exclusive silicon anode cell technology that allows for greater energy and power density combined with high cycle life. Following their partnership announcement in 2021, Customcells and Lilium are now successfully leveraging a pre-lithiation process that the companies are further industrialising towards volume production. The pre-lithiation process, a key advantage for enabling greater energy and power density, inserts additional lithium to compensate for the loss of lithium during the first cycle. Furthermore, Customcells' production traceability will enable Lilium to meet aviation standards and support production certification needs by delivering process-level and cell-level data to Lilium. Lilium remains on track to start production of its type-conforming aircraft later this year and plans for first manned flight of the type-conforming aircraft in the second half of 2024.
AVCNF

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07:53 EDT Shoppers, Avicanna partner for Medical Cannabis by Shoppers transition - Avicanna announced that Shoppers Drug Mart has selected Avicanna as its partner to transition its Medical Cannabis by Shoppers business. Shoppers will continue to support patients throughout the transfer of assets and services to Avicanna, which it anticipates will take place over the next three months. As part of the transition, Avicanna will introduce MyMedi.ca, a new medical cannabis care platform designed to enhance the patient journey. MyMedi.ca will have pharmacist-led patient support programs and aims to provide a similar product portfolio including various formats, brands, and competitive pricing.
CNET

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07:53 EDT ZW Data Action Technologies teams with Chaineffect in the field of AI - ZW Data Action Technologies, an integrated online advertising, precision marketing, data analytics, and other value-added services company, announced that it has entered into a cooperation agreement with Chaineffect, Guangzhou, Blockchain Technology a People's Republic of China company pursuant to which the parties will collaborate in areas such as Artificial Intelligent Generated Content, AIGC, AI-derived service products under the Aichat brand for market expansion, software and hardware product research and development, and the promotion of application scenarios. Under the agreement, ZW Data and Chaineffect will cooperate in two aspects: first, based on the existing Aichat products, the two companies will jointly establish a sales team to leverage ZW Data's resources of thousands of franchisees and its domestic and overseas market promotion capabilities to promote the Aichat products. ZW Data's small and medium-sized enterprise clients have tens of thousands of brand stores, and their customer service and store service businesses will all be service targets for Aichat products. Second, ZW Data will use its blockchain technology to collaborate with Chaineffect on research and development, expand product categories, and explore multiple commercial scenarios such as learning and education, health management, and e-commerce marketing. Additionally, the parties plan to launch commercial solutions to provide one-stop digital upgrade services for end customers.
BC

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07:52 EDT Brunswick announces close out of 2023 Palm Beach International Boat Show - Brunswick Corporation and its brands finished off another strong Palm Beach International Boat show with record outboard market share and increased boat sales at one of the premier saltwater boat shows in the U.S. For the second consecutive year, Mercury Marine had more than 60% outboard share at the show - this year posting a two-point increase vs. 2022, and for the second straight year, Mercury demonstrated outsized gains in the share of outboards 200hp and above. Consistent with Mercury's performance over the past five years at both the Miami and Ft. Lauderdale Boat Shows, more boat builders and consumers are adopting Mercury's industry-leading lineup of outboard propulsion. Sea Ray also had a strong show in Palm Beach with a more than 35 percent increase in units vs. 2022, and an increase of close to 80 percent in revenue, signaling strong consumer demand for its premium models. Boston Whaler also had a very solid show with increased sales and revenue compared with the 2022 show. All Boston Whaler and Sea Ray boats featured Mercury Marine engines and those sold with electronics also featured Navico Group's Simrad display, radar and sonar products, highlighting the ever-increasing synergies across Brunswick's brands and divisions.
STIX

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07:51 EDT Semantix launches Semantix Data Marketplace - Semantix announced the launch of Semantix Data Marketplace, a new product that enables customers to leverage organized and curated third-party data. The Semantix Data Marketplace offers a collection of public data sources that are expertly organized and curated within the Semantix Data Platform, strictly following data protection laws and regulations. With just a few clicks on the SDP, customers from different industries such as health, retail, and finance, can connect to these datasets, enrich their internal datasets, and gain valuable insights.
FRFHF ATCO

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07:50 EDT Poseidon Acquisition Corp. completes acquisition of Atlas Corp. - Atlas Corp. and Poseidon Acquisition announced the completion of the previously announced transaction pursuant to which Poseidon acquired all outstanding common shares of Atlas not already owned by Fairfax, Washington and Mr. Sokol. Pursuant to the terms of the Agreement and Plan of Merger, dated October 31, 2022, by and among the Company, Poseidon and Poseidon Merger Sub, Merger Sub merged with and into the Company, with the Company continuing as the surviving company in the Merger. Each Atlas common share issued and outstanding immediately prior to the effective time of the Merger, other than common shares held by Fairfax, Washington and Mr. Sokol, was converted into the right to receive $15.50 per share in cash. In addition, as previously announced, the first quarter dividend of $0.125 per share payable to common shareholders of record as of March 20, 2023 will be paid on March 31, 2023. In connection with the consummation of the Merger, the Company requested that trading of the common shares on the New York Stock Exchange be suspended with immediate effect . Atlas preferred shares will remain outstanding and continue to trade on the NYSE. Each of the Merger and the delisting constitutes a "Make-Whole Fundamental Change" under that certain indenture dated as of December 21, 2020, by and among the Company, Seaspan Corporation, a wholly owned subsidiary of the Company and The Bank of New York Mellon, as trustee, governing the exchangeable senior notes due 2025.
SLG PANW

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07:49 EDT SL Green signs full floor lease with Palo Alto Networks at One Madison Avenue - SL Green Realty (SLG), Manhattan's largest office landlord, announced that Palo Alto Networks (PANW), a global cybersecurity company, has signed a long-term lease covering an entire tower floor at One Madison Avenue, bringing SL Green's 2023 signed office leasing volume to 491,913 square feet, while the Company's office leasing pipeline has increased to over 1M square feet, up from a 700,000 square feet pipeline just three weeks ago. The 1.4M square foot transformational development at One Madison Avenue, is scheduled for completion in October 2023, approximately 5 weeks ahead of original timeline - and is now 59% leased.
EVAX

Hot Stocks

07:48 EDT Evaxion announces increased focus on strategy around core AI capabilities - Evaxion Biotech announces an increased focus on its strategy around its core AI capabilities allowing fast and de-risked development of its pipeline. Recently, Evaxion announced that the Company has used its proprietary AI technology to discover a new treatment opportunity that may broaden cancer immunotherapy. Through new cancer targets, so-called ERVs, it may become possible to treat cancer patients who have until now been considered unresponsive to immunotherapy. This opens a wide range of opportunities. Notably, it may increase the likelihood of a positive clinical outcome, paving the way for smaller and faster clinical trials. Evaxion's next clinical program, EVX-03, will target such personalized ERVs and is scheduled to start clinical development in Q4, 2023, subject to additional funding. The immediate benefits of the new focus are that: Personalized ERVs are fast-tracked to the clinic with EVX-03, using Evaxion's novel DNA vaccine technology; Early-stage pipeline can be expanded through multiple partnerships; Cash runway is extended significantly through the new focus, clinical trial optimization, and staff reductions
JEWL

Hot Stocks

07:46 EDT Adamas One expects $12M in revenue from Greenville, South Carolina factory - Adamas One provides a business update for investors regarding the ramp-up of its expanded factory facilities in South Carolina. The Company now has 12 full-capacity reactors that are growing diamonds at a rate of approximately 3,000 rough carats of diamonds a month. Based on the rate of production, Adamas One management believes that it will begin to receive additional revenue by mid-summer 2023. With reactors at their full production capacity and full marketing underway, the Company anticipates more than $12M in annual sales revenue from the current factory in Greenville, South Carolina.
CGTX

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07:45 EDT Cognition presents proteomic data on CT1812 in altering underlying AD - Cognition Therapeutics presented results of a meta-analysis from the first cohort, SHINE-A, of 24 participants in the Phase 2 SHINE and the complete dataset from the Phase 1b SPARC studies in adults with mild-to-moderate Alzheimer's disease who were treated with either CT1812 or placebo. Treatment with CT1812 was associated with statistically significant and directionally positive effects on key proteins and corresponding Alzheimer's disease pathways. These included: Synapse health, Neuroinflammation and amyloid-ss, Ass, biology. These robust biomarker findings point towards a prominent effect of CT1812 in altering underlying disease processes active in Alzheimer's disease progression. Of particular note, CT1812 had a significant impact on CSF levels of clusterin, CLU , which has been identified as a genetic risk factor for Alzheimer's disease and is a mediator of amyloid toxicity. In addition, CT1812 treatment resulted in a significant shift in levels of prion protein , a major constituent of the Ass oligomer receptor complex and the receptor component to which Ass oligomers bind. The biomarker findings summarized in the poster further strengthen our understanding of CT1812's effect on Ass oligomer-driven neurotoxicity. "Combining the proteomic data from two trials that enrolled participants with mild-to-moderate disease and who were similarly treated with CT1812 allowed for a statistically robust analysis of cerebrospinal fluid samples," explained Mary Hamby, Ph.D., VP of research at Cognition Therapeutics. "We and our collaborators at Emory University were particularly interested in the change in levels of PRPN. This is consistent with other clinical and preclinical data, showing that modulation of the sigma-2 receptor results in displacement of oligomers from their target receptor on neurons." A comparative analysis of the overlap between the SHINE and SPARC datasets revealed 28 biomarkers that were significantly altered as a result of treatment with CT1812, 11 of which are priority biomarkers of Alzheimer's biology. Subsequent unbiased pathway analysis mapped these biomarkers to specific brain networks and biological pathways, indicating a clear role for these proteins in synaptic function, neuroinflammation and Ass biology.
ARWYF

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07:45 EDT ARway files provisional patent for digital twin floor plan generation technology - Arway Corp. filed a provisional patent for their digital twin technology to create and manage virtual replicas of physical spaces. ARway's technology is unique in that it eliminates the complexity and reliance on expensive hardware and scanners by ingesting 2D floor plans and architectural drawings and converting these artifacts into 3D environments. It achieves this by combining position data from the real world and image pixels of the floor plan and transforming them using a 3D engine into an augmented reality layer to the digital twin, allowing for real-time information to be overlaid onto the physical environment. The use of digital twins technology has been gaining popularity in recent years, however, traditional methods rely heavily on IoT sensors to generate a digital overlay of the physical environment. ARway's innovative approach to creating digital twins simplifies the process by allowing properties to create 3D replicas of their space with just a 2D floor plan, using our 3D web Studio. This lightweight solution is accessible to any venue with a floor plan, democratizing access to digital twin technology. By providing an easy-to-use solution, ARway can reach a wider market, increasing the likelihood of successful adoption. Moreover, patenting ARway's technology protects the Company from competition, ensuring its position at the forefront of digital twin technology innovation in the indoor wayfinding and AR experience space. ARway's technology is a game-changer, providing an affordable and accessible solution for businesses to create and manage digital twins of their physical spaces.
CREX

Hot Stocks

07:42 EDT Creative Realities rejects unsolicited proposal from Pegasus Capital Advisors - As previously reported, on February 2, 2023, the Company received a proposal from Pegasus Capital Advisors, L.P., on behalf of itself and certain of its affiliates to acquire all of the outstanding shares of common stock of the Company that are not owned by Pegasus for a purchase price of $0.83 per share in cash. The Special Committee of the Company's Board of Directors has concluded that such proposal undervalues the Company based on the Company's existing business and current and future prospects, and is not in the best interests of the Company's existing shareholders. The Special Committee advised Pegasus that it has rejected the proposal. The Special Committee remains available to evaluate and respond to any revised proposal. There can be no assurance that any revised proposal or definitive offer will be made or accepted, that any agreement will be executed, or that any transaction will be consummated.
HESM

Hot Stocks

07:40 EDT Hess Midstream announces signing of accretive $100M sponsor unit repurchase - Hess Midstream announced the execution of a definitive agreement providing for the approximately $100M repurchase of Class B units by its subsidiary, Hess Midstream Operations, from affiliates of Hess Corporation and Global Infrastructure Partners, Hess Midstream's sponsors. The terms of the proposed unit repurchase transaction were unanimously approved by the Board of Directors of Hess Midstream's general partner. Pursuant to the terms of the repurchase agreement, the repurchased units will be cancelled upon the closing of the unit repurchase transaction, which is expected to result in increased distributable cash flow per Class A share providing capacity for incremental distribution growth above Hess Midstream's 5% annual distribution target, consistent with Hess Midstream's return of capital framework. Hess Midstream Operations LP, Hess Midstream's consolidated subsidiary, agreed to repurchase 3,619,254 Class B units of Hess Midstream Operations LP, equal to approximately 1.5% of the consolidated company, held by the Sponsors for an aggregate purchase price of approximately $100 million. The purchase price per Class B unit is $27.63, the closing price of the Class A shares on March 27, 2023. As a result of the unit repurchase transaction, public ownership of Hess Midstream on a consolidated basis will increase to approximately 18.3%. The terms of the proposed unit repurchase transaction were unanimously approved by the Board, based on the approval and recommendation of its conflicts committee composed solely of independent directors. The unit repurchase is anticipated to close in March 2023. Hess Midstream expects to fund the unit repurchase through borrowings under its existing revolving credit facility.
PDSB

Hot Stocks

07:40 EDT PDS Biotechnology expects cash to fund programs into 3Q24 - The Company's cash balance as of December 31, 2022, was $73.8 million. Based on the Company's available cash resources and cash flow projections, the Company believes that with the anticipated initiation of one registrational trial in 2023, this balance is sufficient to fund Company operations and research and development programs into the third quarter of 2024.
AMRC

Hot Stocks

07:40 EDT Ameresco, Redflow partner to provide advanced non-lithium energy storage - Ameresco and Redflow Limited announced a strategic relationship through which Redflow will supply Ameresco, on a non-exclusive basis, with its advanced non-lithium battery energy storage technology. Ameresco plans to utilize this technology for its project and asset installations for a wide array of customers. Ameresco's portfolio includes energy efficiency, infrastructure upgrades, asset sustainability, and renewable energy solutions delivered to clients throughout North America and Europe. Redflow's non-lithium energy storage system will be used by Ameresco for medium- to long-duration deployments and daily cycling applications in its integrated cleantech solution portfolio. Ameresco plans to deploy Redflow's zinc-bromine flow batteries as part of a flexible and modular integrated solar and storage solution, which is being designed to meet the increasing need in the market for medium- and long-duration systems.
EVBG

Hot Stocks

07:39 EDT Everbridge deployed to power countrywide public warning system for Mauritius - Everbridge announced that the Republic of Mauritius completed implementation of its population alerting solution to help keep residents and visitors safe and informed in the event of an emergency. To help ensure the safety of residents and visitors alike, Mauritius' National Disaster Risk Reduction & Management Centre, NDRRMC, selected Everbridge to power the early warning system for the country's four islands - the main island of Mauritius and the smaller islands of Rodrigues, Agalega, and St. Brandon. Everbridge has been deployed across all government and law enforcement agencies, including the National Police, Military, Fire & Rescue Services, National Coast Guard, and Meteorological Services to immediately inform the public in the event of an emergency.
VERA

Hot Stocks

07:38 EDT Vera Therapeutics sees balance sheet funding operations to early 2026 - Vera reported $114.7 million in cash, cash equivalents, and marketable securities as of December 31, 2022. Subsequent to December 31, 2022, the company raised approximately $107.6 million in net proceeds, after deducting underwriting discounts and commissions and offering expenses, from a public offering of its Class A common stock that was completed in February 2023.
REGN

Hot Stocks

07:37 EDT Regeneron Pharmaceuticals, Sonoma Biotherapeutics announce collaboration - Sonoma Biotherapeutics and Regeneron Pharmaceuticals announced a collaboration to apply their scientific and clinical expertise and respective technology platforms to the discovery, development and commercialization of novel regulatory T cell therapies for autoimmune diseases. The collaboration will bring together Regeneron's industry-leading VelociSuite technologies for the discovery and characterization of fully human antibodies and T cell receptors with Sonoma Biotherapeutics' pioneering approach to developing and manufacturing gene-modified Treg cell therapies. Under the terms of the agreement, Sonoma Biotherapeutics will receive $75M in upfront payments, which includes a $30M equity investment in Sonoma by Regeneron. Sonoma is also eligible to receive a $45M development milestone payment. Regeneron and Sonoma will jointly research and develop Treg cell therapies for ulcerative colitis, Crohn's disease and two other undisclosed indications, with a Regeneron option for a fifth indication. The parties will equally co-fund research and development for all potential products and share equally any future commercial expenses and profits. Regeneron will have the option to lead late-stage development and commercialization on all products globally, with Sonoma retaining rights to co-promote all such products in the United States. Sonoma will also retain full ownership of its lead cell therapy candidate, SBT-77-7101, and other programs in development.
VERA

Hot Stocks

07:37 EDT Vera Therapeutics announces upcoming milestones - 36-week data from the Phase 2b ORIGIN clinical trial of atacicept in IgAN on track for the second quarter of 2023; Expect to initiate Phase 3 clinical trial of atacicept in IgAN in second quarter of 2023; Plan to present data from the ongoing ORIGIN trial in 2023.
STIX

Hot Stocks

07:35 EDT Semantix acquires ATSaude assets, operations, terms not discllosed - Semantix announced the acquisition of ATSaude's assets, businesses, and operations as part of the company's strategic plan to expand its offerings and presence in the Healthcare & Life Science industry in Brazil, with a specific focus on the pharmaceutical industry. ATSaude will contribute to strengthening Semantix's Data Market Place - launched today - providing customers with access to valuable insights and data-points on the Brazilian healthcare system and the pharma industry.
SMURF

Hot Stocks

07:35 EDT Tokens.com's Metaverse Group enters partnership with Lancia Italia - Tokens.com announces that its subsidiary, Metaverse Group, has partnered with Lancia Italia, to be its official automotive brand partner for Metaverse Fashion Week 2023. Metaverse Fashion Week 2023 is set to take place from March 28th to 31st with the heart of the event in Metaverse Group's Luxury District, where Lancia Italia will have its virtual showroom. Lancia is the first automaker to partner with Metaverse Group. This partnership with Lancia helps promote the European automaker to a larger audience given Metaverse Fashion Week's global presence. In turn, Metaverse Group has the opportunity to display its metaverse builds that were created using in-house services on a larger scale. "As leaders in web3 community development, we are here to help guide and provide brands with new, exciting, and innovative ways to meet new objectives as web3 is gaining popularity daily," said Andrew Kiguel, CEO of Tokens.com and Executive Chairman of Metaverse Group. " We are thrilled to be partnering with Lancia on their web3 journey."
STIX

Hot Stocks

07:34 EDT Semantix launches Semantix GenAI platform - Semantix announced the launch of Semantix GenAI, an industry-agnostic set of tools designed to streamline the development, training, and deployment of AI applications for businesses. Semantix GenAI empowers businesses to easily and effectively harness the power of AI, optimizing processes through automated decision-making and improving product quality. The company said, "Semantix GenAI's comprehensive platform offers a diverse range of innovative features, including: Registry of open-source generative AI models: A curated library of pre-trained AI models for users to easily find and implement suitable solutions for their projects. Managed Fine-Tuning Cloud Infrastructure: A simplified infrastructure for refining AI models to ensure optimal performance and meet specific business requirements. Serverless model GUI and REST deployment: An intuitive interface and RESTful API for seamless AI application deployment, eliminating time-consuming server management. As the platform evolves, we plan to release additional features, including Generative AI IDE based on Jupyter Notebooks and Managed Training Cloud Infrastructure."
PSN

Hot Stocks

07:27 EDT Parsons awarded $94M contract by United States Cyber Command - Parsons was selected to provide command, control, communications, computers, and capabilities development support services to United States Cyber Command. The $94M cost-plus-fixed-fee contract complements work awarded to Parsons to support the agency's C4CD mission set and consists of one 12-month base period of performance with four 12-month option periods.
AEO

Hot Stocks

07:27 EDT RADAR to launch new technology in American Eagle stores - RADAR announced that American Eagle Outfitters is planning to launch RADAR's inventory-tracking technology in approximately 500 American Eagle stores across the U.S. over the next year. RADAR uses a combination of RFID and computer vision to track and locate in-store inventory in real time with 99% accuracy, enabling retail store employees to know what product is in-store and where. RADAR also announced that it has secured more than $50M in funding to date from investors that include some of the biggest global retailers. "AEO is extremely proud of the exceptional service that we provide to our customers, and we are always exploring new technologies and innovative ways to empower our brand teams to deliver a seamless shopping experience," said Michael Rempell, EVP - Chief Operating Officer, AEO. "Our initial test with RADAR provided visibility into inventory availability and placement with impressive accuracy. Based on those results, we are excited to begin implementing RFID technology to unlock operational and inventory efficiencies, while arming our associates to best serve the needs of customers."
LASE

Hot Stocks

07:25 EDT Laser Photonics receives order from GE Gas Power for CleanTech system - Laser Photonics announced it received an order from GE Gas Power for an LPC-300CTH CleanTech laser blasting system for turbine maintenance and repair operations. GE Gas Power added Laser Photonics as an approved supplier for laser cleaning technology. The dual-axis CleanTech LPC-300CTH will be utilized by GE Gas Power's energy division in its turbine maintenance program to extend product life while improving maintenance speed. The laser cleaning technology will also be available to other GE departments for application testing.
SLN MNK

Hot Stocks

07:25 EDT Silence Therapeutics to buyback siRNA complement assets - Silence Therapeutics (SLN) announced it will be acquiring back exclusive worldwide rights to two siRNA drug targets under the collaboration agreement with Mallinckrodt Pharmaceuticals (MNK) for complement-mediated diseases. Under the terms of the agreement, Silence will not make any upfront payment to get the two assets back and Mallinckrodt is eligible to receive future success-based milestones and low single digit royalties on net sales if the projects advance. "We want to thank Mallinckrodt for their excellent partnership over the last 3 and a half years," said Craig Tooman, President and CEO of Silence. "We are very excited for the opportunity to now have two wholly owned complement assets to add to our portfolio. We continue to see substantial potential for our mRNAi GOLD(TM) platform across multiple therapeutic areas and look forward to generating more clinical data this year in cardiovascular and hematological diseases."
SLN MNK

Hot Stocks

07:24 EDT Silence Therapeutics appoints Romano as Incoming Chief Medical Officer - Silence Therapeutics (SLN) announced the appointment of Steven Romano, MD, as incoming Chief Medical Officer and Head of Research and Development. Dr. Romano will join Silence on April 1, 2023, and work alongside Giles Campion, MD, current CMO and Head of R&D at Silence, to ensure an efficient and smooth transition for Dr. Campion's retirement by year-end. Dr. Romano has served as non-executive director of the Silence Board since July 2019 following the Company's siRNA collaboration with Mallinckrodt plc for complement-mediated diseases. Most recently, Romano served as executive vice president and chief scientific officer at Mallinckrodt (MNK) and was responsible for research and development, medical affairs, health economics and outcomes research, safety, pharmacovigilance and regulatory affairs functions.
HROW RILY

Hot Stocks

07:23 EDT Harrow Health announces new $100M secured credit facility with Oaktree - Harrow (HROW) announced that it has entered into a $100M secured credit financing agreement with funds managed by Oaktree Capital Management. The interest-only secured credit facility carries an interest rate equal to the three-month secured overnight financing rate, SOFR, plus 6.50%, includes flexible terms and covenants, and is expected to mature in approximately three years. A portion of the proceeds from the new facility was used to pay off indebtedness under Harrow's existing secured loan with an affiliate of B. Riley Financial (RILY), with the remainder to be used for future milestone payments related to a recently announced acquisition and for general corporate purposes. In commenting on the announcement, Mark L. Baum, Chairman and Chief Executive Officer of Harrow, said, "We are pleased to enter into this credit facility, which strengthens our balance sheet and provides us the flexibility needed to pursue additional acquisitions - in alignment with our growth strategy. We are grateful for the confidence and support of Oaktree, and we look forward to working closely with them as a strong financial partner."
VEV

Hot Stocks

07:20 EDT Vicinity Motor closes C$4M convertible debenture financing - Vicinity Motor announced the closing of a non-brokered private placement of unsecured convertible debentures for gross proceeds of C$4M. Net proceeds from the Private Placement will be deployed to accelerate vehicle production and deliveries in the Company's existing $150M order backlog. The Convertible Debentures are issued in denominations of C$1,000, bear interest at 15% per annum, and mature 18 months from the closing date. Interest payments on the Convertible Debentures have been deferred to the twelve-month anniversary and/or maturity. Each Convertible Debenture is convertible at the holder's option into units of the Company at any time prior to maturity at a conversion price of C$1.45. Upon conversion, each Unit will consist of one common share of the Company and 0.2 common share purchase warrants. Each Warrant is exercisable into one Common Share of the Company at an exercise price of C$1.45 for a period of thirty-six months following the closing of the Private Placement. All securities issued under the Private Placement have a hold period of four months and a day from closing. The Private Placement is subject to final TSX Venture Exchange approval. In connection with the Private Placement, Vicinity paid cash commissions to eligible finders, in accordance with TSX Venture Exchange policy, of C$73,500.
ADT...

Hot Stocks

07:18 EDT ADT Inc., Google announce availability of ADT Self Setup home security system - ADT Inc. (ADT) announced the availability of the new ADT Self Setup smart home security system - its most advanced and complete DIY system ever and the first fully integrated DIY offering from ADT and Google (GOOG, GOOGL). ADT Self Setup integrates Google Nest smart home products with ADT security and life safety technology as well as ADT SMART Monitoring - all with the convenient control of the new ADT+ app.
VYGR

Hot Stocks

07:18 EDT Voyager presents new data data for AD and GBA1 gene therapy for PD treatments - Voyager Therapeutics Presents New Data Supporting Tau Antibody Program for Alzheimer's Disease and GBA1 Gene Therapy Program for Parkinson's Disease at the AD/PD ) ConferenceVoyager Therapeutics presented new data from its anti-tau antibody program for Alzheimer's disease AD and from its GBA1 gene therapy program for Parkinson's disease (PD) and other GBA1-mediated diseases at the AD/PD Conference in Gothenburg, Sweden. "Voyager continues to advance multiple programs towards the clinic. For our anti-tau antibody program for Alzheimer's disease, these new preclinical data support our recent selection of VY-TAU01 as the lead development candidate, with an IND filing expected in the first half of 2024," said Todd Carter, Ph.D., Chief Scientific Officer at Voyager. "For our GBA1 gene therapy program with Neurocrine for Parkinson's disease, these new data from a GBA1 loss of function mouse model show effects of three GBA1 gene therapy candidates on multiple endpoints." These new data from additional mouse efficacy studies showed that all three candidates demonstrated significant improvement in several efficacy biomarkers.
MQ

Hot Stocks

07:18 EDT Marqeta, WorkWhile announce partnership on new card solution - Marqeta announced that it has been selected by WorkWhile to power accelerated wage access to its workers. Through a debit card, WorkWhile workers can access their wages as soon as their shift hours are approved, helping to significantly reduce their need for credit and improving their financial well-being. Instead of waiting for a weekly paycheck or long digital transfers to arrive, workers will have faster-than-ever access to their earnings. The companies are working together closely to make the cards available to WorkWhile workers in 2023. "Over half of all wage and salary workers in the US are paid hourly, and a potential credit crunch will most likely hit them the most," said Simon Khalaf, CEO at Marqeta. "We are honored to work with WorkWhile to power a new debit card that will give its workers accelerated access to their wages. It is exciting to see that our continued innovation in embedded finance can make such a positive impact on the financial health of hourly workers " Alongside powering WorkWhile's new debit card, Marqeta's platform will allow WorkWhile workers to tokenize their card instantly into a mobile wallet, and the company will handle KYC onboarding of cardholders, as well as disputes. The company has seen rapid adoption of accelerated wage access, with growth in volumes growing 100% quarter-over-quarter from Q3 2022 to Q4 2022.
MSSTF

Hot Stocks

07:17 EDT Mindset Pharma to expand efforts into novel non-hallucinogenic therapeutics - Mindset Pharma issued a letter to shareholders from James Lanthier, CEO, which read in part, "Mindset entered 2023 with a robust pipeline of novel psychedelic-inspired drug candidates advancing towards first-in-human clinical trials. More importantly, these candidates are supported by an industry leading intellectual property portfolio. Mindset is planning to initiate human trials of its novel and patentable prodrug of psilocin, MSP-1014, shortly. MSP-1014 is our proprietary lead Family 1 drug candidate that we view as a best-in-class "second generation" psilocybin analog with improved safety, efficacy and tolerability signals. MSP-1014 is rapidly metabolized to psilocin, the main active metabolite of psilocybin, and is likely to exert similar efficacy and better tolerability to psilocybin in improving symptoms of depression in difficult to treat patient populations. In November, Mindset announced data from preclinical studies examining MSP-1014 side-by-side to psilocybin across a battery of preclinical studies evaluating safety, behavioral and pharmacokinetics properties. The data shows that MSP-1014 attenuates the reduction of locomotor activity and body temperature seen with psilocybin, suggesting that the tolerability of MSP-1014 may be superior to psilocybin. Moreover, these improvements were evident in conjunction with increased effect in assays evaluating cardinal signs of 5-HT2A target engagement, suggesting that it may be possible to achieve a similar or greater psychedelic effect with MSP-1014 as psilocybin, but with improved tolerability. The Family 2 program compounds are being developed as optimized next-generation psychedelic drug candidates for the treatment of mental health disorders in collaboration with the McQuade Center for Strategic Research and Development, a member of the Otsuka family of pharmaceutical companies. In October of 2022, after extensive preclinical screening studies, Mindset announced the selection of MSP-2020 as its lead drug candidate, and MSP-2003, as a back-up drug candidate, to advance into IND-enabling studies with a leading global Contract Research Organization. In side-by-side comparisons to psilocybin and psilocin, both lead drug candidates elicit in vitro and preclinical behavioral responses consistent with greater potency than LSD combined with a shorter psychedelic effect than psilocybin...Thanks to our early focus on novel drug development, Mindset's scientific team has developed a rich understanding of the structure-activity relationships of psychedelic drug structures. We are now applying this knowledge towards discovering novel psychedelic-inspired non-hallucinogenic drug candidates. This work has been underway for some time and, to date, Mindset has discovered multiple candidates with a promising preclinical profile. Therapeutics that deliver pro-cognitive benefits at doses without hallucinogenic effects have the potential to treat substantially wider patient populations extending beyond depressive disorders. By reducing or removing the psychedelic effect, in-clinic supervision may not be necessary, reducing cost and improving convenience. Additionally, non-hallucinogenic drug candidates are potentially more appropriate for treating fragile population groups such as children or geriatric patients. Mindset recently filed a U.S. provisional patent application expanding its breadth of non-hallucinogenic, psychedelic-inspired, compounds beyond its previously announced "Family 3." These new non-hallucinogenic compounds are derived from its non-tryptamine scaffolds, known as families 6-8. In preclinical screening, these candidates exhibit 5-HT2A activation, but without the cardinal in vivo signs of a hallucinogenic effect. We are eager to continue our discovery work surrounding these novel non-hallucinogenic psychedelic inspired compounds given the breadth of potential neurological and psychiatric disorders that they may address. We expect to make further announcements in the near future around additional IP filings in this field of research as our discovery work progresses."
SPR

Hot Stocks

07:16 EDT Spirit AeroSystems, Skyworks announce a MoU - Spirit AeroSystems and Skyworks Aeronautics announced a Memorandum of Understanding, MoU, for the companies to pursue support for Skyworks defense and commercial platforms in the U.K and European marketplace. Spirit's Northern Ireland and Scotland operations will work collaboratively on detailed design activity to support Skyworks VertiJet - a vertical take-off and landing, high-speed and long-range gyrodyne. This platform is capable of flying at projected speeds of up to 400 mph - two to three times faster than current operating helicopters. Sir Michael Ryan, Spirit Vice President for European Space and Defence, said the agreement with Skyworks continues Spirit's commitment to grow its U.K. business. "We will be applying our engineering and technology leadership in advanced materials and ultra-light structures to explore the design, testing and integration of lightweight and aerodynamically efficient technologies in support of Skyworks' aircraft platforms, such as its VertiJet VTOL program for military and commercial use," he said.
TA...

Hot Stocks

07:15 EDT TravelCenters confirms ARKO proposal not superior to BP transaction - TravelCenters of America (TA) confirmed that the Board of Directors previously reviewed and determined that the conditional, unsolicited and unfinanced proposal from ARKO (ARKO) to acquire TA is neither superior to the transaction TA previously agreed to with BP Products North America (BP) nor is it likely to lead to a superior proposal. In a news release and letter to TA, both distributed on March 27, 2023, ARKO restated the terms of its March 14, 2023 proposal and asked TA's Board to reconsider its proposal. On March 14, 2023, ARKO submitted an unsolicited, non-binding indication of interest to acquire TA. Following a comprehensive review with its financial and legal advisors, the TA Board unanimously concluded that ARKO's proposal did not constitute a superior proposal and could not reasonably be expected to lead to a superior proposal. Among the reasons the Board determined that ARKO's proposal was neither a superior proposal nor likely to lead to a superior proposal was the high level of execution risk resulting from ARKO's failure to obtain committed financing and that ARKO's sub-investment grade credit rating was not attractive to Service Properties Trust (SVC), the landlord of most of TA's properties.
NXTTF AMZN

Hot Stocks

07:14 EDT Lifeist's Mikra debuts on Amazon.com - Lifeist Wellness (NXTTF) announced the official debut of Mikra Cellular Sciences nutraceutical products for purchase on Mikra's Amazon (AMZN) storefront. The availability of Mikra's first two products on the leading e-commerce site marks a significant advancement in distribution for Mikra's products, which until now have been available for sale exclusively through its direct-to-consumer website, wearemikra.com. Beginning today, consumers can purchase CELLF on Amazon in the United States and RESCUE in both the United States and Canada. CELLF and RESCUE are eligible for Amazon Prime free shipping benefits.
TLSA

Hot Stocks

07:13 EDT Tiziana intends to start Phase 2 trial of intranasal foralumab in Q3 - Tiziana Life Sciences received feedback based on the U.S. Food and Drug Administration Type C meeting minutes related to the Phase 2 clinical trial of intranasal foralumab in patients with non-active SPMS. Tiziana plans to accept the FDA's recommendations and intends to start a Phase 2 study in the third quarter of 2023 as previously announced. Foralumab is the only fully human anti-CD3 monoclonal antibody.
BABA

Hot Stocks

07:13 EDT Alibaba to reorganize into six business groups and other investments - Alibaba Group said it will reorganize into six business groups and other investments in "a move designed to unlock shareholder value and foster market competitiveness." Daniel Zhang will continue to serve as Chairman and CEO of Alibaba Group, which will follow a holding company management model, while each of the six business groups will be managed by its own CEO and board of directors. "The move marks the most significant governance overhaul in the platform company's 24-year history and better positions Alibaba's businesses to become more agile so as to better capture market opportunities and stimulate growth," the company stated in a post to its corporate news site. The six business groups will be: Cloud Intelligence Group; Taobao Tmall Commerce Group; Local Services Group; Cainiao Smart Logistics; Global Digital Commerce Group; and Digital Media and Entertainment Group. "Each business group and other investments will retain the flexibility to raise outside capital and seek an initial public offering. The exception is Taobao Tmall Commerce Group, which will remain an Alibaba Group wholly owned unit," the company said. Reference Link
OSCR

Hot Stocks

07:12 EDT Oscar Health announces appointment of Bertolini as CEO - Oscar Health announced the appointment of Mark Bertolini to the role of Chief Executive Officer, CEO, effective April 3, 2023. Co-Founder Mario Schlosser, will transition to President of Technology, reporting to Mark. In his new role, Mario will lead product and engineering, with a focus on building Oscar's tech platform for the future and continuing to set the strategy for the +Oscar roadmap. Bertolini is a national healthcare thought leader, and the former Chairman and CEO of Aetna. Schlosser will continue as a member of the Board of Directors, and the Board will be expanded to add Bertolini.
PSN

Hot Stocks

07:12 EDT Parsons unit Xato awarded $750M single award contract by a 'sensitive client' - Parsons announced that Xato , a Parsons company, was recently awarded a $750M ceiling value single award contract by a sensitive client, including a one-year base period of $250M and two one-year option periods valued at $250M each and is new work for the company.
ASLN

Hot Stocks

07:12 EDT Aslan Pharmaceuticals regains compliance with Nasdaq listing rules - ASLAN Pharmaceuticals received written notice from The Nasdaq Stock Market stating that the Company regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) and currently meets all other applicable criteria for continued listing. The Company was previously notified by Nasdaq on March 28, 2022, that it was not in compliance with the minimum bid price requirement because the bid price of the Company's American Depositary Shares closed below $1.00 for 30 consecutive business days. In order to regain compliance with the minimum bid price requirement, the Company was required to maintain a minimum closing bid price of $1.00 or more for at least ten consecutive business days, which was achieved on March 27, 2023. Accordingly, the Company has regained compliance with Nasdaq's minimum bid price requirement and the Company's ADSs will continue to be traded on The Nasdaq Capital Market, subject to the Company's continued compliance with all applicable continued listing standards.
VERI

Hot Stocks

07:11 EDT Veritone extends partnership with Augusta National - Veritone announced a comprehensive multi-year partnership extension with Augusta National, ANI, the business arm of Augusta National Golf Club, the home of the iconic Masters Tournament. Veritone's leading global licensing service utilizes its AI platform to enable marquee sporting and news rights holders worldwide to more efficiently and effectively archive and monetize their video rights and will continue to serve as the archive of record and as the exclusive North American licensing partner for all Augusta National non-live or archival footage across their portfolio of events. "It's an honor and a privilege to extend our long-standing licensing partnership with Augusta National. We take tremendous pride in serving as the archive of record and a licensing partner not only for the Masters, but also the Augusta National Women's Amateur," said Ian Retzlaff, Senior Director of Sports Licensing and Partnerships at Veritone. "The Masters is one of the most exciting and well-known golf tournaments, and Veritone enables Augusta National to ensure their valuable content is securely and easily promoted by working closely with networks, documentarians, brands and agencies that are interested in leveraging the power of the archive to bring their creative productions to life."
BCYC NVS

Hot Stocks

07:10 EDT Bicycle Therapeutics announces strategic collaboration with Novartis - Bicycle Therapeutics (BCYC) announced that it has entered into a strategic collaboration agreement with Novartis (NVS) to develop, manufacture and commercialize Bicycle radio-conjugates, BRCs, for multiple agreed upon oncology targets. "This collaboration builds on the groundbreaking clinical work we have been doing in the toxin conjugate field and provides new and additional validation for this unique technology," said Kevin Lee, Ph.D., Chief Executive Officer of Bicycle Therapeutics. "We look forward to working closely with Novartis to pioneer the discovery and development of potential new cutting-edge radiopharmaceutical cancer treatments based on Bicycles. We believe the properties of Bicycles make them well suited for the development of precision guided radiopharmaceuticals and represents the next leg in the application of our proprietary discovery platform in oncology." Under the terms of the agreement, Bicycle will utilize its proprietary phage platform to discover Bicycles to be developed into BRCs. Novartis will be responsible for further development, manufacture and commercialization of the BRCs. Novartis will fund all pre-clinical and clinical development and commercialization activities. Bicycle will receive a $50M upfront payment and is eligible for development and commercial-based milestone payments totaling up to $1.7B. Bicycle will also be eligible to receive tiered royalties on Bicycle-based medicines commercialized by Novartis.
CPG

Hot Stocks

07:10 EDT Crescent Point Energy sees FY23 capital expenditures C$1.15B-C$1.25B - Crescent Point's revised 2023 annual guidance, which incorporates the impact of the acquisition of Spartan's oil and liquids-rich Montney assets in Alberta for C$1.7B in cash following the closing date. The company now expects an annual average production of 160,000 to 166,000 boe/d and development capital expenditures of C$1.15B-C$1.25B. This budget, including the base dividend, continues to be fully funded at approximately US50/bbl WTI for the remainder of the year. The revised 2023 capital expenditures budget incorporates approximately C$150M of development capital expenditures associated with the newly acquired assets. Crescent Point plans to manage the Montney assets by drilling approximately 25 wells per year, which requires approximately C$250M of annual capital expenditures, inclusive of facilities and infrastructure spending. The Company's production forecast in its five-year plan is now expected to grow to 195,000 boe/d by 2027. This forecast is expected to generate approximately C$3.6B-C$5.2B of cumulative excess cash flow, or C$6.53-C$9.57 per share, at US$65/bbl-US$75/bbl WTI, representing an increase of approximately 20% in comparison to its prior outlook. Crescent Point's Kaybob Duvernay and Montney assets are expected to represent approximately 45% of the Company's pro-forma total production at closing and increasing to approximately 60% within its five-year plan. This plan remains disciplined with a continued focus on returns and long-term sustainability.
ITCI

Hot Stocks

07:09 EDT Intra-Cellular: Study 403 of lumateperone met primary endpoint for MDD - Intra-Cellular Therapies announced positive topline results from Study 403 evaluating lumateperone 42mg as monotherapy in the treatment of major depressive episodes in patients with major depressive disorder with mixed features and in patients with bipolar depression with mixed features. Lumateperone 42mg given once daily met the primary endpoint in the study by demonstrating a statistically significant and clinically meaningful reduction in the MADRS total score compared to placebo at Week 6. "Lumateperone 42mg was statistically significant on the primary endpoint of symptom reduction on the Montgomery Asberg Depression Rating Scale (MADRS) for each patient population "
ABG

Hot Stocks

07:09 EDT Asbury Automotive releases 2022 Corporate Responsibility Report - Asbury Automotive Group has published its 2022 Corporate Responsibility Report to present its Environmental, Social and Governance, ESG, commitments and related initiatives. "I am proud of the accomplishments and progress within our environmental, social and governance programs during the past year," said David Hult, Asbury's President and Chief Executive Officer. "We will continue to enhance, develop and engage during this journey as we hold ourselves to the North Star & Compass standards for our team members, our guests and our partners."
CRNT

Hot Stocks

07:08 EDT Ceragon Networks announces $29M in follow-on orders from Tier 1 Operators - Ceragon Networks announced that since the beginning of 2023 it has received follow-on orders of $29M from Tier 1 Operators in India for deployment in 2023. The orders include both hardware and services focused on upgrading existing network capabilities to 5G, expanding capacity, improving rural connectivity, and providing customers with reliable uninterrupted high-speed experiences. The delivery and deployment of Ceragon's products and services are expected primarily in Q2 and Q3, 2023.
MIST

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07:07 EDT Milestone Pharmaceuticals announces $125M strategic financing - Milestone Pharmaceuticals announced that it has entered into a $125M strategic funding agreement with existing shareholder, RTW Investments, LP and certain of its affiliates. Proceeds from this tailored financing, together with $64.6M of cash, cash equivalents and short-term investments as of December 31, 2022, are expected to fund Milestone's operations into the middle of 2025, including the potential approval and launch of etripamil. Etripamil is the company's investigational calcium channel blocker envisioned to empower patients with paroxysmal supraventricular tachycardia to treat their attacks outside of the emergency department.
CPG

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07:06 EDT Crescent Point Energy to acquire Spartan's Montney assets for C$1.7B - Crescent Point Energy announced that it has entered into an agreement with Spartan Delta to acquire Spartan's oil and liquids-rich Montney assets in Alberta for C$1.7B in cash. Highlights include: Acquisition adds 600 Montney locations in Alberta, or over 20 years of premium drilling inventory; immediately accretive to excess cash flow per share by 20%, resulting in a higher return of capital for shareholders; maintaining commitment to return approximately 60% of excess cash flow to shareholders, including the base dividend; pro-forma leverage ratio of 1.3 times adjusted funds flow at closing and 1.0 times at year-end 2023; targeting additional non-core asset dispositions over time to further optimize portfolio. Key attributes of the acquired assets include the following: approximately 38,000 boe/d with attractive netbacks generating significant excess cash flow; total drilling inventory of 600 net Montney locations, providing over 20 years of inventory to sustain current production levels; approximately 235,000 net acres of contiguous land with Montney rights in Alberta within the Gold Creek and Karr area; consolidated land base that is primarily Crown with a high average working interest of 96%; situated in the volatile oil fairway with attractive reservoir characteristics, including pay thickness and permeability; key infrastructure and well licenses in place to support future development plans; adjacent to Crescent Point's Kaybob Duvernay assets, providing opportunity for operational efficiencies; C$1.7B of tax pools to further enhance long-term excess cash flow generation; and low Scope emissions intensity of less than 0.01 tCO2e/boe. Type wells for the acquired assets are expected to payout in approximately 10 months from the initial on-stream date. Upon closing, the Company's pro-forma decline rate is expected to remain below 30%. The Transaction is anticipated to close during Q2.
GXO

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07:06 EDT GXO Logistics announces global expansion of GXO Direct - GXO Logistics announced the global expansion of GXO Direct, its shared warehousing solution that offers immediate access to high-quality space, technology and services at lower cost. The company said, "With the combined capabilities, capacity and expertise of GXO and Clipper, which it acquired in 2022, GXO has created the most compelling shared space offering available in the UK."
PSTV

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07:05 EDT Plus Therapeutics treats 1st patient in Cohort 8 of ReSPECT-GBM Phase 1/2a trial - Plus Therapeutics announced the first patient in Cohort eight of the ReSPECT-GBM Phase 1/2a dose escalation clinical trial evaluating the Company's lead investigational targeted radiotherapeutic, rhenium obisbemeda, in recurrent glioblastoma GBM has been successfully treated.The dose escalation phase of the trial has now treated 25 patients with no dose-limiting toxicities observed through 7 completed dosing cohorts. Cohort 8 is now enrolling using 41.5 millicuries ( administered dose rhenium obisbemeda with an infused volume of 16.34 milliliters which allows the treatment of large and morphologically complex tumors...In parallel, the Company has treated five patients to date with rhenium obisbemeda in the Phase 2 trial in recurrent GBM administering a dose of 22.3 mCi and 8.8 mL in small- to medium-sized tumors."Taken together, the safety and efficacy signals observed thus far in 30 treated recurrent GBM patients are very promising," said Norman La France, M.D., President and Chief Medical Officer of Plus Therapeutics. "We remain on track in 2023 to continue to dose escalate to the yet unreached maximal tolerated dose, expand the number of clinical trial sites and present data from the Phase 1/2a and 2 trials in the second half of 2023."Thus far, no treatment emergent dose-limiting toxicities have been observed in either trial. The absorbed radiation doses from the 30 patients treated to date have resulted in an absorbed dose of up to 740 gray to the tumor.The U.S. Food and Drug Administration granted both Orphan Drug designation and Fast Track designation to rhenium obisbemeda for the treatment of GBM. More information about the ReSPECT-GBM trial may be found at ReSPECT-Trials.com and ClinicalTrials.gov .
VKTX

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07:05 EDT Viking Therapeutics initiates Phase 1 study of novel formulation of VK2735 - Viking Therapeutics announced that it has initiated a Phase 1 clinical study to evaluate a novel oral formulation of the company's dual glucagon-like peptide 1 and glucose-dependent insulinotropic polypeptide receptor agonist VK2735. The study, which is an extension of the company's recently completed Phase 1 evaluation of subcutaneously administered VK2735, will evaluate daily oral doses for 28 days. The company believes the results from this study could be available in the second half of 2023.
RVVTF

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07:04 EDT Revive enrolls patient in psilocybin study for methamphetamine use disorder - Revive Therapeutics provides an update on the Company's Phase I/II clinical study evaluating the safety and feasibility of oral psilocybin as a potential treatment for methamphetamine use disorder conducted at the University of Wisconsin-Madison, School of Medicine and Public Health and School of Pharmacy. Under an investigator-initiated IND, led by Dr. Christopher Nicholas, PhD, the Study has enrolled its first patient and initial results are expected in Q3-2023. The clinical data generated from the Study may provide proprietary and valuable information on the safety, efficacy and dosing of oral psilocybin to support potential research and commercial initiatives in countries, such as Australia, where psilocybin can be available to specially-licensed psychiatrists to prescribe for certain conditions and future clinical studies for the Company's proposed psilocybin oral thin film strip and transdermal microneedle patch products. In addition, the Company will have exclusive access to key intellectual property from this Study to support development, regulatory and commercial initiatives. Methamphetamine use disorder is a chronic relapsing condition associated with substantial mental, physical, and social harms and increasing rates of mortality. Contingency management and psychotherapy interventions are the mainstays of treatment but are modestly effective with high relapse rates, while pharmacological treatments have shown little to no efficacy. At present, there are no approved medications to treat methamphetamine use disorder. Psilocybin-assisted psychotherapy is emerging as a promising treatment for a range of difficult-to-treat conditions, including substance use disorders, however, no studies have yet been published looking at psilocybin-assisted psychotherapy in the treatment of methamphetamine use disorder.
SNDL

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07:03 EDT Sundial Growers to acquire four Dutch Love locations for $7.8M - Sundial Growers is pleased to announce that it has entered into an agreement with Lightbox Enterprises to acquire four cannabis retail stores operating under the Dutch Love Cannabis banner. Under the Agreement, SNDL will acquire from Lightbox the rights to four Dutch Love stores and the rights to use certain Dutch Love related intellectual property for a total consideration of $7.8M. As part of the Agreement, SNDL will acquire the rights to three Dutch Love stores in British Columbia and one store in Ontario. The combined assets generated annual revenue of $11.5M in 2022, with an average gross margin of 36.5%. The completion of the acquisition is expected to further solidify SNDL's position as a multi-banner cannabis retail operator by enhancing the company's market share and its exposure to a broader consumer base in two key markets. The closing of the transaction is subject to customary closing conditions, including regulatory approvals. The transaction is anticipated to close by the end of May 2023.
LTRX

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07:02 EDT Lantronix announces X300 Cellular Compact IoT Gateway Solution - Lantronix announced its new X300 Compact Gateway IoT Solution. The new X300 Cellular Compact IoT Gateway Solution combines Lantronix's IoT gateway hardware with a premium services subscription, including centralized device management, integrated cellular data, enhanced device security and expert technical support in an all-in-one package.
BMY

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07:01 EDT Bristol-Myers announces european approval of Sotyktu - Bristol Myers Squibb announced that the European Commission has approved Sotyktu, or deucravacitinib, a selective tyrosine kinase 2, or TYK2, inhibitor, for the treatment of adults with moderate-to-severe plaque psoriasis who are candidates for systemic therapy, representing a new way of treating this chronic immune-mediated disease. The approval was based on results from the Phase 3 POETYK PSO-1 and POETYK PSO-2 clinical trials, which demonstrated superior efficacy of once-daily Sotyktu compared to placebo and twice-daily Otezla, or apremilast, at both 16 and 24 weeks, with responses maintained through 52 weeks. Additional data from the POETYK PSO long-term extension trial, or LTE, also supported approval. The POETYK study program demonstrated a consistent safety profile in patients through three years of continuous treatment. Psoriasis is a widely prevalent, chronic, systemic immune-mediated disease that impacts approximately 14 million people in Europe. The most commonly reported adverse reaction was upper respiratory infections, 18.9%, most frequently nasopharyngitis. The incidence of serious infection in the Sotyktu group was 0.6% compared to 0.5% in the placebo group. The majority of infections were non-serious and mild to moderate in severity and did not lead to the discontinuation of Sotyktu. Infections occurred in 29.1% of patients in the Sotyktu group compared to 21.5% in the placebo group during the first 16 weeks. The rate of infections and serious infections in the Sotyktu group did not increase through Week 52. The longer-term safety profile of Sotyktu was similar and consistent with previous experience.
SYBX

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06:54 EDT Synlogic receives positive EMA opinion on orphan designation for SYNB1934 - Synlogic announced that the European Medicines Agency issued a positive opinion on the company's application for orphan designation for SYNB1934 for the treatment of phenylketonuria. "We are pleased that the EMA has issued a positive opinion for orphan designation for SYNB1934, in recognition of the urgent need for new treatment options for people living with this devastating disease," said Aoife Brennan, M.B. Ch.B., Synlogic President and CEO. "This designation also comes at a pivotal time as we prepare to begin our Phase 3 trial for PKU in the first half of this year."
VKTX

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06:50 EDT Viking Therapeutics jumps 32% to $12.06 after Phase 1 VK2735 trial results
GMVHF

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06:50 EDT Entain selected by TAB New Zealand as preferred partner for 25-year pact - Entain plc announces that it has been selected by TAB New Zealand as its preferred partner for a 25-year strategic arrangement. "Entain was selected based on a wide range of criteria, including operational expertise, cultural alignment with TAB NZ and its commitment to uplifting TAB NZ's harm minimisation and responsible gambling efforts. The proposed strategic arrangement, and timing of completion, remains subject to approval from the New Zealand Minister for Racing. Further information, as appropriate, will be provided after the completion of the Ministerial approval process," the company stated. Reference Link
BNTX

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06:47 EDT BioNTech announces new $500M share repurchase program - BioNTech announced that it has entered into a new share repurchase program, pursuant to which the Company may purchase American Depositary Shares, each representing one ordinary share, or ADS, of the Company in the amount of up to $500M during the remainder of 2023. BioNTech expects to use all or a portion of the repurchased ADSs and the ADSs held in treasury to satisfy upcoming settlement obligations under the Company's share-based payment arrangements. The timing and total amount of ADS repurchases will depend upon market conditions and may be made in open market purchases from time to time. The share repurchase program announced on March 31, 2022 of up to $1.5B concluded on March 17 with a total repurchase amount of $1.3B.
CC

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06:47 EDT Chemours announces long-term glycolic acid sustainability program - The Chemours Company announced a long-term sustainability program for its glycolic acid product portfolio to address growing consumer demand for sustainable products at the 2023 in-cosmetics Global tradeshow. The sustainability program's ultimate goal is to reduce the carbon footprint of all of Chemours' glycolic acid grades by 80% against a 2023 baseline.
VKTX

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06:41 EDT Viking Therapeutics announces results from Phase 1 trial of VK2735 - Viking Therapeutics announced results from the company's Phase 1 single ascending dose and multiple ascending dose clinical trial of VK2735. The compound is a novel dual agonist of the glucagon-like peptide 1 and glucose-dependent insulinotropic polypeptide receptors in development for the potential treatment of various metabolic disorders. Based on these Phase 1 results, the company plans to initiate a Phase 2 study of VK2735 in patients with obesity in mid-2023. In the SAD portion of the study, VK2735 demonstrated promising safety and tolerability, as well as a predictable pharmacokinetic profile. Following single subcutaneous doses, VK2735 demonstrated a half-life of approximately 170 to 250 hours, a Tmax ranging from approximately 75 to 90 hours, and excellent therapeutic exposures. In the 28-day MAD portion of the study, VK2735 demonstrated encouraging tolerability and positive signs of clinical activity. All cohorts receiving VK2735 demonstrated reductions in mean body weight from baseline, ranging up to 7.8%. Cohorts receiving VK2735 also demonstrated reductions in mean body weight relative to placebo, ranging up to 6.0%. Statistically significant differences compared to placebo were maintained or improved at the Day 43 follow-up time point, 21 days after the last dose of VK2735 was administered. The company believes tolerability data from this study indicate that higher doses may be achieved with longer titration windows. Viking plans to evaluate further dose escalation in the upcoming Phase 2 trial. VK2735 demonstrated encouraging safety and tolerability following repeated dosing. The majority of observed adverse events were reported as mild or moderate. The majority of gastrointestinal related adverse events were also reported as mild or moderate. One serious adverse event was reported in a subject receiving VK2735. A subject with a history of cholelithiasis experienced an SAE of acute choledocholithiasis. Nausea was reported among subjects receiving both VK2735 and placebo. Among subjects receiving VK2735, the majority of reported nausea was characterized as mild. Vomiting was reported in 6/31 VK2735 treated subjects and 1/10 subjects receiving placebo. No subjects were discontinued for nausea, vomiting, or GI adverse events. Despite robust activation of the incretin receptor pathways, no hypoglycemia was reported. The Phase 1 trial was a randomized, double-blind, placebo-controlled SAD and MAD study in healthy adults. The SAD portion of the study evaluated VK2735 in healthy adults, while the MAD portion of the study enrolled healthy adults with a minimum body mass index of 30 kilograms per meter squared. The primary objectives of the study were to evaluate the safety and tolerability of single and multiple doses of VK2735 administered subcutaneously and identify suitable doses for further clinical development. The secondary objective was to evaluate the pharmacokinetics of VK2735 in healthy subjects. The SAD portion of the study evaluated escalating single doses of VK2735. In the MAD portion of the study subjects received VK2735 once weekly for 28 days.
HUT

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06:37 EDT Hut 8 Mining files amended claim against Validus Power, Bay Power - Hut 8 Mining served and filed an amended statement of claim in the Ontario Superior Court of Justice against Validus Power Corp. and its subsidiary, Bay Power Corp., a third-party supplier of energy to the Company's mining facility in North Bay, Ontario.The Amended Claim relates to the Company's ongoing and previously disclosed dispute with Validus in respect of Validus' failure to meet its contractual obligations under the power purchase agreement it entered into with the Company. In addition to the claims set out in the original statement of claim, the Amended Claim, among other things, adds claims involving the associated lease between the Company and Validus at the Company's mining facility in North Bay, Ontario to include a claim for unlawful termination by Validus of the aforementioned lease. The Company does not intend to make additional comments on this subject unless otherwise determined to be appropriate.
GPI

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06:30 EDT Group 1 Automotive acquires Estero Bay Chevrolet dealership - Group 1 Automotive announced the expansion of its U.S. operations with the acquisition of Estero Bay Chevrolet in Estero, Florida. The dealership is located near the fast growing city of Fort Myers in Southwest Florida. Estero Bay Chevrolet is the 5th ranked Chevrolet dealership in new vehicle volume in the state of Florida. The dealership is expected to generate $150 million in annual revenues. The Company is also updating its year-to-date repurchase activity. Through March 28, 2023, 180,982 shares at an average price of $191.85, for a total of $34.7 million have been repurchased.
GRVY

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06:30 EDT Gravity: Ragnarok Origin will be launched in Southeast Asia on April 6 - Gravity announced that Ragnarok Origin will be launched in Southeast Asia on April 6. Ragnarok Origin has exceeded 3M accounts in the pre-registration in Southeast Asia.
FREY CAT

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06:22 EDT Freyr targets potential coalition with Caterpillar, Glencore, Siemens and Nidec - FREYR Battery (FREY) has announced that the Company has entered into discussions on a potential strategic coalition with Glencore, Caterpillar (CAT), Siemens, and Nidec to pursue the scale up of sustainable battery solutions across Europe, North America, and beyond. The non-binding alliance may establish guiding principles including: a shared vision of battery technology as critical to the energy transition; a commitment to collectively scale up the deployment of batteries in Europe, North America and beyond to support our respective sustainability goals and the decarbonization of our customers' operations; collaboration on the development of novel solutions and service offerings suited to the low carbon energy system of tomorrow; and development of robust, sustainable, and circular supply chains for battery materials and technology. When formally formed, the strategic coalition of partners should facilitate exploration of mutual areas of interest along the battery value chain. Potential arenas of commercial collaboration include battery cell manufacturing; pack and module integration; digital and software services; mining and refining; power market stationary storage applications; electric transportation; and recycling/end-of-life solutions.
ATHA

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06:08 EDT Athira Pharma presents preclinical data about fosgonimeton at AD/PD 2023 - Athira Pharma presented preclinical data highlighting the potential therapeutic benefits of fosgonimeton at the AD/PD 2023 International Conference on Alzheimer's and Parkinson's Diseases and Related Neurological Disorders, or AD/PD. Data presented in three poster presentations highlight the effects of fosgonimeton or fosgo-AM, acting through the HGF/MET pathway, demonstrating: significant protection from neurite degeneration and cell death in cultures of primary cortical or dopaminergic neurons challenged with several neurological insults central to Alzheimer's and Parkinson's disease pathologies; protection from protein pathologies, including significantly reduced levels of hyperphosphorylated tau in cortical neurons treated with toxic amyloid beta, and significantly lower levels of alpha-synuclein aggregation in dopaminergic neurons treated with toxic insults; and significant anti-inflammatory effects on immune cells in vitro and significant procognitive activity in a model of neuroinflammation-induced cognitive impairment in vivo.
PBTS

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06:05 EDT Powerbridge to enhance presence in education, expand in digital assets - Powerbridge Technologies provides a corporate overview and shareholder update The company said, "In 2022, the Company expanded its offerings to include metaverse and NFT solutions, demonstrating its continued commitment to staying at the forefront of emerging technologies. In addition, the Company began to explore M&A opportunities in the digital service, AI and Blockchain sectors, which led to the acquisition of majority stakes in several profitable technology companies in 2023. Looking ahead, Powerbridge has announced plans to further enhance its presence in the education industry by leveraging AI and ChatGPT technologies. The Company also intends to continue its expansion into the digital assets market by engaging in cryptocurrency as part of its overall blockchain development strategy. Powerbridge is committed to maintaining compliance and corporate governance standards. Stewart Lor, CEO of the Company, an American founder has increased his stake in the Company and assures stakeholders that the Company is unlike some other Chinese companies listed on U.S. exchanges for compliance and corporate governance practices. With over 20 years of experience, Powerbridge has demonstrated a track record of doing business the right way and growing its business. As the Company looks into the future, Stewart Lor intends to lead and grow Powerbridge into a holding company that operates several leading-edge businesses. He expects the Company's market capitalization to surpass $1 billion within the next two-to-three years. With its continued dedication to innovation and emerging technologies, Powerbridge is poised for continued success to deliver long-term value to its shareholders."
PSFE

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06:05 EDT Greyhound Lines partners with Paysafe - Greyhound Lines has partnered with payments platform Paysafe to roll-out online cash services. Greyhound customers can now use Paysafe's eCash solution Paysafecash to make safe and secure cash payments when booking a trip online. To purchase an online ticket with cash, Greyhound customers select 'cash' as the payment method at the checkout. This generates a barcode that can be paid at one of more than 70,000 participating convenience stores, pharmacies or dollar stores that offer Paysafecash payment services. The customer presents the barcode at the cash register to complete the purchase.
ALLR

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06:03 EDT Allarity provides updates to Phase 2 clinical studies of IXEMPRA and stenoparib - Allarity Therapeutics announced updates to its ongoing phase 2 clinical programs evaluating IXEMPRA and stenoparib as monotherapies. For both IXEMPRA and stenoparib monotherapy trials, Allarity is taking steps to accelerate patient recruitment to support the goals for interim data readouts by the end of 2023. Due to slower than anticipated patient enrollment in both studies, owing in part to impacts of the COVID pandemic on trial site staffing, Allarity has expanded its collaboration with multiple contract research organizations, or CROs, to substantially increase the number of active trial sites. The Company has also made changes to the clinical trial protocols to increase the availability of eligible participants for both monotherapy studies. Allarity is sponsoring an ongoing DRP-guided Phase 2 clinical trial evaluating IXEMPRA as a monotherapy in metastatic breast cancer in Europe. In addition to expanding its CRO partnerships, Allarity has implemented a trial protocol amendment that will lower the IXEMPRA-DRP companion diagnostic cut-off score, for enrollment, from 67% to 33%. As a result, Allarity anticipates that it will have sufficient DRP-positive patient enrollment to support an interim data readout from this study in late 2023. The Company is also evaluating stenoparib as a monotherapy in ovarian cancer in an ongoing DRP-guided Phase 2 clinical trial. Based on early data from this study and in consultation with trial investigators and the Company's Scientific Advisory Board, Allarity has implemented a trial protocol amendment to change patient dosing from once daily dose to a BID regimen. As a result of these efforts, Allarity anticipates that it will have sufficient DRP-positive patient enrollment to support an interim data readout from this study in late 2023.
HTOO

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05:56 EDT Fusion Fuel enters 10-year hydrogen purchase agreement with Hydrogen Ventures - Fusion Fuel announced that it has signed a ten year offtake contract with European developer Hydrogen Ventures Ltd for thirty tonnes of green hydrogen per annum. First orders are expected to be delivered in the fourth quarter of 2023. The hydrogen will be produced at the company's projects in Evora, Portugal, where Fusion Fuel is expanding its production capacity to roughly 50 tonnes per annum by year end. Hydrogen Ventures, which is developing a pipeline of green hydrogen projects and entering into supply contracts with local industrial and municipal customers, expects to use the hydrogen for mobility applications in Portugal. This contract represents Fusion Fuel's second hydrogen purchase agreement in Portugal to date, providing long-term stability and price security to the nascent hydrogen ecosystem: a critical step forward in the creation of a more robust and competitive market for green hydrogen.
EVO BMY

Hot Stocks

05:56 EDT Evotec, Bristol-Myers expand strategic neurodegeneration partnership - Evotec (EVO) announced that the company has extended and expanded its strategic neurodegeneration partnership with Bristol Myers Squibb (BMY), originally signed in 2016. The initial partnership proved highly productive in generating a promising pipeline of discovery to clinical-stage programs. Based on this success, Bristol Myers Squibb and Evotec extend and expand this partnership for additional eight years with the goal to further broaden and deepen the strategic alliance. Evotec and Bristol Myers Squibb initiated the collaboration in 2016 to identify disease-modifying treatments for a broad range of neurodegenerative diseases. Currently approved drugs only offer short-term management of patients' symptoms and there is a significant unmet medical need for therapies that slow down or reverse disease progression in the field of neurodegenerative diseases. This partnership pursues an innovative approach to the discovery and development of novel medicines by leveraging several of Evotec's modality-agnostic precision medicine platforms. The partnership has already been successful in generating a pipeline of discovery and pre-clinical-stage programs. A first programme, EVT8683, was in-licensed by Bristol Myers Squibb in September 2021, following the successful filing of an IND application with the FDA and has proceeded into the clinical Phase I. Evotec receives a $50M upfront payment, undisclosed license and performance milestone payments, as well as tiered royalties up to low double-digit percentages on product sales. Including the upfront and downstream performance milestone payments, the overall transaction results in a deal potential of $4B.
DEO

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05:53 EDT Diageo CEO Ivan Menezes to retire, Debra Crew to succeed - Diageo announces that Sir Ivan Menezes has decided to retire as CEO and depart from the Diageo Board on June 30, following ten successful years leading the company. Debra Crew, currently COO, will be appointed CEO and join the Diageo Board, effective July 1. Debra is the former President and CEO of Reynolds American, where she delivered strong performance growth before the company's acquisition, having previously served as President and COO, and President and Chief Commercial Officer. Prior to being appointed COO in October 2022, Debra was President, Diageo North America and Global Supply, leading Diageo's largest market to 14% organic net sales growth in fiscal 2022, following on from 20% organic net sales growth in the prior year.