Stockwinners Market Radar for June 09, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
BIIB ESALY | Hot Stocks18:50 EDT Eisai, Biogen: FDA panel votes unanimously to confirm benefit of Leqembi - Eisai (ESALY) and Biogen (BIIB) announced that the U.S. FDA's Peripheral and Central Nervous System Drugs Advisory Committee voted unanimously that the data from Eisai's Phase 3 Clarity AD clinical trial confirms the clinical benefit of Leqembi 100 mg/mL injection for intravenous use for the treatment of Alzheimer's disease. Additionally, the committee members confirmed the overall benefit-risk profile of Leqembi, the clinical meaningfulness of the data and discussed its use in specific subgroups, including Apolipoprotein E 4 homozygote patients, patients requiring concomitant treatment with anticoagulant agents, and patients with cerebral amyloid angiopathy.
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LCW | Hot Stocks18:43 EDT Learn CW Investment intends to extend business combination period to July 13 - Learn CW Investment announced that the company intends to further extend the period of time the company will have to consummate its initial business combination by an additional one month from June 13, 2023 to July 13, 2023, subject to the timely deposit of an aggregate of $115,000 into the company's trust account on or prior to June 13, 2023. This Extension is the third of up to six one-month extensions permitted under the company's governing documents.
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KYMR | Hot Stocks18:02 EDT Kymera Therapeutics announces updated clinical data form Phase 1 trials - Kymera Therapeutics announced new data demonstrating that its oncology programs KT-333 and KT-413 continue to demonstrate substantial target knockdown in ongoing Phase 1a dose escalation clinical trials, with no dose limiting toxicities (DLTs) observed. The data were shared in the online abstract book of the International Conference on Malignant Lymphoma (ICML), taking place from June 13-17, 2023, in Lugano, Switzerland, and reflect a data cut-off date of February 3, 2023. On June 14, a KT-333 poster will be released at ICML and presented on June 16. Kymera will share updated results from both programs in conjunction with the poster release on June 14.
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ARTE | Hot Stocks17:55 EDT Artemis Strategic Investment Corp trading resumes
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WMT | Hot Stocks17:50 EDT Walmart director Walton sells 170,587 common shares - In a regulatory filing, Walmart director S. Robson Walton disclosed the sale of 170,587 common shares of the company on June 8 at a price of $150.1244 per share.
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ELBM | Hot Stocks17:31 EDT Electra Battery Materials CFO Craig Cunningham resigns, Peter Park succeeds - Electra Battery Materials announced that Craig Cunningham has resigned from his position as CFO. Mr. Cunningham will provide a smooth transition through his resignation date, June 30, 2023. Peter Park, a senior finance professional with more than 20 years of experience and a current member of Electra's finance team, will assume the responsibilities of CFO effective July 1. Peter Park has more than 20 years of progressive experience across a number of senior finance and accounting roles, bringing extensive experience leading high growth organizations to scale their finance operations, running finance teams through strategic processes, and integrating newly acquired companies. Park joined Electra in February and has worked closely with Cunningham through the company's 2022 year-end and first-quarter 2023 reporting activities.
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ARTE | Hot Stocks17:24 EDT Artemis Strategic Investment Corp trading halted, news pending
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WDAY | Hot Stocks17:22 EDT Workday director Davies sells 33,333 class A shares - In a regulatory filing, Workday director Christa Davies disclosed the sale of 33,333 class A common shares of the company on June 7 at a price of $213.21 per share.
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TBPH PFE | Hot Stocks17:17 EDT Theravance Biopharma announces Pfizer terminates license agreement - In December 2019, Theravance Biopharma Ireland Limited, an affiliate of Theravance Biopharma (YBPH), entered into a global license agreement with Pfizer (PFE) for its preclinical skin-selective, locally acting pan-JAK inhibitor program. On June 9, 2023, the company received notice from Pfizer terminating the Pfizer Agreement, effective as of October 7, 2023.
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GE | Hot Stocks17:11 EDT General Electric awarded maximum $422.81M Defense Logistics Agency contract - General Electric has been awarded a maximum $422.81M firm-fixed price, requirements-type contract for supplies related to the F-series engines. This was a sole-source acquisition using justification 10 U.S. Code 2304, as stated in Federal Acquisition Regulations 6.302-1. This is a five-year base contract with one five-year option period. The performance completion date is May 31, 2028. Using military services are Army, Air Force, and Navy. Type of appropriation is fiscal 2023 through 2027 defense appropriated funds and working capital funds. The contracting activity is the Defense Logistics Agency Aviation.
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ON | Hot Stocks17:08 EDT ON Semiconductor CEO El-Khoury sells 22,500 common shares - In a regulatory filing, ON Semiconductor president and CEO Hassane El-Khoury disclosed the sale of 22,500 common shares of the company on June 7 at a price of $90.01 per share.
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CCS | Hot Stocks17:00 EDT Century Communities CFO Messenger sells 45,000 common shares - In a regulatory filing, Century Communities CFO David Messenger disclosed the sale of 45,000 common shares of the company on June 8 at a price of $70.1252 per share.
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NXTP | Hot Stocks16:45 EDT NextPlay Technologies receives Nasdaq notice regarding delayed annual report - NextPlay Technologies announced that the Company received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") stating the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1), as a result of not having timely filed its Annual Report on Form 10-K for the fiscal year ended February 28, 2023. The Nasdaq notification letter has no immediate effect on the listing of the Company's common stock on The Nasdaq Capital Market. The Nasdaq notification letter provides the Company 60 calendar days from the date of the notification, or until August 7, 2023, to submit a plan to Nasdaq to regain compliance with Nasdaq Listing Rule 5250(c)(1). If the plan is accepted, Nasdaq may grant an exception of up to 180 calendar days, or until November 27, 2023, for the Company to regain compliance. If the Company does not regain compliance within the allotted compliance period, including any exception period that may be granted by Nasdaq after submission of a plan to regain compliance, if applicable, Nasdaq will provide notice that the Company's common stock will be subject to delisting. The Company would then be entitled to appeal that determination to a Nasdaq hearings panel under Nasdaq Listing Rule 5815(a).
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APM | Hot Stocks16:32 EDT Aptorum Group announces voluntary delisting of shares from Euronext Paris - Aptorum Group announced that following a comprehensive review of the trading volume, costs and administrative requirements related to its listing on Euronext Paris, it has decided to request the voluntary delisting of its shares from Euronext Paris. The Board of Euronext has approved this request. Following the delisting from Euronext Paris, the Aptorum Shares will remain listed on the Nasdaq, the company's primary listing exchange. Delisting the Aptorum Shares from Euronext Paris has no impact on the Nasdaq listing of Aptorum Shares.
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APAM | Hot Stocks16:17 EDT Artisan Partners reports preliminary AUM $136.4B at May 31
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NVDA | Hot Stocks16:15 EDT Nvidia director Hudson sells 3,500 common shares - In a regulatory filing, Nvidia director Dawn Hudson disclosed the sale of 3,500 common shares of the company on June 7 at a price of $384.0309 per share.
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CENX | Hot Stocks16:14 EDT Century Aluminum expands board to seven members - Century Aluminum announced that the company's stockholders voted to increase the size of Century's board of directors from six to seven members, and elected Tamla Olivier to join Century's six incumbent directors, as an independent director with a term expiring at the company's annual meeting of stockholders in 2024.
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ME | Hot Stocks16:10 EDT 23andMe approves roughly 9% workforce reduction - According to a regulatory filing, on June 9, 2023, the Chief Executive Officer of 23andMe Holdings approved a reduction in force involving approximately 75 employees, representing approximately 9% of the company's workforce. The reduction in force is intended to restructure and strategically align the company's workforce with the company's strategy and to reduce the company's operating costs. The company expects to complete the reduction plan substantially during the first quarter of its fiscal year ending March 31, 2024, with certain affected employees retained through a transition period. The company expects to recognize restructuring charges in connection with the workforce reduction plan with respect to severance payments, benefits continuation, and stock compensation charges associated with the modification of certain stock options and restricted stock units. Severance and benefit continuation charges are estimated to be approximately $3.5M and are expected to be recognized primarily in the first quarter of fiscal 2024, with the majority of such charges anticipated to be paid in cash during the same quarter. Equity compensation charges are expected to be approximately $0.5M and are expected to be recognized primarily in the first quarter of fiscal 2024, and will not result in any cash expenditures. The company expects the organizational change, when fully implemented, will reduce current annualized payroll and benefit expenses by approximately $12.8M.
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RVSN | Hot Stocks16:06 EDT Rail Vision receives Nasdaq notification regarding minimum bid requirements - Rail Vision announced that on June 8, 2023, the company received a written notice from the Nasdaq Stock Market LLC indicating that the company was not in compliance with Nasdaq Listing Rule 5550(a)(2), as the company's closing bid price for its Ordinary Shares was below $1.00 per share for the last 30 consecutive business days. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a 180-calendar day compliance period, or until December 4, 2023, to regain compliance with the minimum bid price requirement. During the compliance period, the company's Ordinary Shares will continue to be listed and traded on the Nasdaq Stock Market. To regain compliance, the closing bid price of the company's Ordinary Shares must meet or exceed $1.00 per share for at least 10 consecutive business days during the 180-calendar day compliance period. If the company is not in compliance by December 4, 2023, the company may be afforded a second 180-calendar day compliance period. To qualify for this additional time, the company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market with the exception of the minimum bid price requirement and will need to provide written notice of its intention to cure the deficiency during the second compliance period. If the company does not regain compliance within the allotted compliance period(s), including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the company's Ordinary Shares will be subject to delisting.
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CVLT | Hot Stocks16:03 EDT Commvault CRO Di Blasio sells 21,206 common shares - In a regulatory filing, CommVault Systems chief revenue officer Riccardo Di Blasio disclosed the sale of 21,206 common shares of the company on June 7 at a price of $71.86 per share.
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OCCI | Hot Stocks16:00 EDT OFS Credit estimates NAV per share $8.04-$8.14 as of May 31 - OFS Credit Company announced the following net asset value estimate as of May 31, 2023. Management's unaudited estimate of the range of our NAV per share of our common stock as of May 31, 2023 is between $8.04 and $8.14. This estimate is not a comprehensive statement of our financial condition or results for the month ended May 31, 2023. This estimate did not undergo the company's typical quarter-end financial closing procedures.
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BIIB ESALY | Hot Stocks15:53 EDT FDA panel votes 6-0 to back Biogen, Eisai's Leqembi - An FDA panel voted 6-0 that the results of Study 301 of verify the clinical benefit of Biogen (BIIB) and Eisai's (ESALY) lecanemab, or Leqembi, for the treatment of Alzheimer's disease, media reported.
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ODC | Hot Stocks15:21 EDT Oil-Dri CEO says will be 'opportunistic' with stock buybacks - Daniel Jaffee, Oil-Dri Corporation's Chairman and CEO, stated earlier on the company's Q3 call, according to a transcript of the event: "It was a great quarter, and we believe even if -- I'm looking at the stock price is doing and it's running up. And I'll let you guys do your own math, but whatever kind of EPS you want to apply for a year and any kind of multiple you want to do, you can see that we should have a lot of upward pressure on the stock price. So the Board has authorized us to be opportunistic. We're generating a lot of cash and to restart our stock buyback program. So we will be opportunistic with it. We will abide by all the training rules that we need to do, but we see our stock as a good buy at this level."
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PWSC | Hot Stocks15:04 EDT PowerSchool to reschedule investor day to September from July - PowerSchool announced it is rescheduling its investor day due to scheduling conflicts. Originally planned for July 11, PowerSchool's 2023 Investor Day will now be held on Thursday, September 14, the company announced.
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TIIAY | Hot Stocks13:56 EDT Telecom Italia says two offers received as part of bidding process for Netco - Telecom Italia issued the following notice to the market: "TIM announces that, as part of the competitive bidding process relating to Netco, two new non-binding offers have been received today, respectively submitted by the consortium formed by CdP Equity S.p.A. and Macquarie Infrastructure and Real Assets Limited, acting on behalf of a group of investment funds managed or advised by the Macquarie Group, and by Kohlberg Kravis Roberts & Co. L.P. The two non-binding offers will be examined by TIM's Board of Directors at the meeting scheduled for 19 and 22 June, after preliminary investigation by the Related Parties Committee." Reference Link
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TNET | Hot Stocks13:49 EDT TriNet up over 10% after Reuters says it is exploring potential sale - TriNet shares are surging after Reuters, citing people familiar with the matter, reported that the online payroll services provider is exploring a possible sale of the company. TriNet, which has a market value of $5.8B, has tapped Morgan Stanley to help it engage with potential suitors, sources told Reuters. Shares of TriNet are up over 10% in afternoon trading. Reference Link
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MMM | Hot Stocks13:42 EDT 3M says Aearo assessing options for appeal after bankruptcy dismissed - Today, the United States Bankruptcy Court in the Southern District of Indiana granted plaintiffs' motion to dismiss Aearo's bankruptcy filing, 3M confirmed. "Aearo is assessing its options for appeal of this decision, and 3M and Aearo will continue to pursue appeals raising evidentiary and legal issues from previous multi-district litigation, or MDL, bellwether trials. 3M and Aearo are prepared to continue to defend the product in litigation. The Eleventh Circuit Court of Appeals recently heard the appeals of initial trial verdicts, during which 3M and Aearo argued for the correction of the important legal and evidentiary issues that have kept information from jurors, allowed improper evidence and arguments to be part of the trial records, and resulted in the flawed outcome of the bellwether process to-date. These appeals have the potential to fundamentally change the trajectory of this litigation," the company stated.
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PHM | Hot Stocks13:34 EDT Pulte Family announce purchase of 171,037 shares of PulteGroup - The Pulte Family Office, funded by the founder of PulteGroup, and former PulteGroup board member William Pulte, announce they bought 171,037 shares totaling $11.9M. "The Pulte Family, the founding family of PulteGroup, and former member of the company's Board of Directors William J. Pulte, announced today that they have taken a large position in the company by purchasing 171,037 shares of PulteGroup, Inc, the same amount of shares sold or liquidated by PulteGroup CEO Ryan Marshall this year," the group stated in a press release. "We were disappointed to see Mr. Marshall selling large amounts of PulteGroup stock, so we decided to do something constructive about it to help PulteGroup. To show our commitment to, and support of, all shareholders that continue to believe in the future of PulteGroup we decided to invest $11.9M dollars and buy the same amount of shares that CEO Ryan Marshall has been selling. Taking a significant position in PulteGroup stock is in line with our belief that the shares are vastly undervalued, if certain things are done," added William Pulte.
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GBLI | Hot Stocks13:26 EDT Global Indemnity trading resumes
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GBLI | Hot Stocks13:08 EDT Global Indemnity: Parties have expressed interest in acquiring Penn-America - Global Indemnity announced that in recent days, "multiple parties indicated preliminary interest in exploring an acquisition of or merger with Penn-America, Global Indemnity's insurance group, or an acquisition of or merger with Global Indemnity itself. While the Company is responding to certain of these preliminary indications of interest, there is no assurance that an acceptable transaction will result from such engagement. During the pendency of the foregoing, but subject to material developments, Global Indemnity intends to continue to buy back shares pursuant to its previously announced authorization. In addition, the Company's Board of Directors approved an increase in the existing share buyback authorization amount to $135M. The timing and actual number of shares repurchased, if any, will depend on a variety of factors, including price, general business and market conditions, and alternative investment opportunities. Share repurchases under the authorization may be made through a variety of methods, which may include open market purchases, privately negotiated transactions or any other method or combination of methods. The share repurchase program, however, does not obligate Global Indemnity to acquire any amount of its common shares, and the repurchase program may be suspended or discontinued at any time at the Company's discretion."
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ALGT | Hot Stocks13:02 EDT Allegiant Travel reaches tenative agreement for flight attendants - Allegiant and The Transport Workers Union of America, AFL-CIO Local 577 announced they have reached a tentative agreement on all remaining open issues for the successor to the parties' first collective bargaining agreement. The parties' first collective bargaining agreement became amendable on December 21, 2022, and Allegiant and the TWU were able to secure the new five-year tentative agreement after just over 10 months of bargaining. The Tentative Agreement covering Allegiant's nearly 1,900 flight attendants includes significant increases to wages and deadhead pay, and includes improvements to retirement benefits, sick accrual, bonus flight hour calculations, vacation pay, annual vacation allocation and flex time. Additionally, there are meaningful quality of life improvements in scheduling, hours of service and leave of absence, and the parties have agreed to introduce a minimum day pay and the ability for flight attendants to earn commission from sales of buy on board items. The deal still requires a ratification vote by the union's full membership, which is expected to open later this month.
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BKR | Hot Stocks13:01 EDT Baker Hughes reports U.S. rig count down 1 to 695 rigs - Baker Hughes reports that the U.S. rig count is down 1 from last week to 695 with oil rigs up 1 to 556, gas rigs down 2 to 135 and miscellaneous rigs unchanged at 4. The U.S. Rig Count is down 38 rigs from last year's count of 733 with oil rigs down 24, gas rigs down 16 and miscellaneous up 2. The U.S. Offshore Rig Count is unchanged at 20, up 5 year-over-year. The Canada Rig Count is up 39 from last week to 136, with oil rigs up 34 to 85, gas rigs up 5 to 51. The Canada Rig Count is down 5 rigs from last year's count of 141 with oil rigs down 9, gas rigs up 4.
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BKR | Hot Stocks13:01 EDT Baker Hughes reports U.S. rig count down 1 to 695 rigs
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TEX | Hot Stocks12:45 EDT Terex exec Hegarty sells 27,000 common shares - In a regulatory filing, Terex president of Materials Processing Kieran Hegarty disclosed the sale of 27,000 common shares of the company on June 8 at a price of $55.84 per share.
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CELZ | Hot Stocks12:31 EDT Creative Medical Technology announces 1-for-10 reverse stock split - Creative Medical Technology Holdings announced that the company's Board of Directors has approved a reverse stock split of its shares of common stock at a ratio of 1 for 10. The Reverse Stock Split will become effective at 9:00 a.m. Eastern time on June 12, 2023, and the company's common stock will open for trading on The Nasdaq Capital Market on a post-split basis on June 12, 2023 under the company's existing trading symbol "CELZ". At such time, the company's common stock will also commence trading under new CUSIP number 22529Y 408. "We expect that the Reverse Stock Split will increase the market price per share of the Company's common stock, bringing the Company into compliance with the $1.00 minimum bid price requirement for maintaining its listing on The Nasdaq Capital Market," the company said.
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GBLI | Hot Stocks12:26 EDT Global Indemnity trading halted, news pending
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APRN | Hot Stocks12:22 EDT Blue Apron jumps 70% to $9.26 after FreshRealm deal eliminates debt
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CHPT | Hot Stocks12:00 EDT ChargePoint falls -12.0% - ChargePoint is down -12.0%, or -$1.15 to $8.46.
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AGX | Hot Stocks12:00 EDT Argan falls -13.5% - Argan is down -13.5%, or -$5.98 to $38.26.
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PL | Hot Stocks12:00 EDT Planet Labs falls -26.4% - Planet Labs is down -26.4%, or -$1.29 to $3.60.
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FTCH | Hot Stocks12:00 EDT Farfetch rises 9.1% - Farfetch is up 9.1%, or 50c to $5.98.
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JOBY | Hot Stocks12:00 EDT Joby Aviation rises 9.9% - Joby Aviation is up 9.9%, or 62c to $6.88.
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ODC | Hot Stocks12:00 EDT Oil-Dri Corporation of America rises 10.0% - Oil-Dri Corporation of America is up 10.0%, or $4.06 to $44.61.
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APRN | Hot Stocks11:51 EDT Blue Apron trading resumes
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APRN | Hot Stocks11:39 EDT Blue Apron sees reduced headcount, hitting profitability 'quicker' - The company said in a statement, "In moving to an asset-light model, Blue Apron plans to execute further streamlining of its business, which includes reduced headcount and administrative costs, and drive additional cost savings and continued year-over-year cash burn reduction beyond the initiatives disclosed in December 2022. With the ability to focus on the brand, marketing, product and consumer experience, Blue Apron expects to be more agile, which will facilitate faster decision making, enhance its balance sheet and reduce PTG&A costs. The Company believes this will allow it to get to profitability quicker. Blue Apron plans to provide an update on its profitability goals and future plans on its second quarter 2023 earnings call. "
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MSFT | Hot Stocks11:38 EDT User reports indicate issues at Microsoft Store, says Downdetector - Reference Link
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APRN | Hot Stocks11:38 EDT Blue Apron says 'asset-light company' after FreshRealm closing - Blue Apron closed its previously announced transaction with FreshRealm. Under the definitive agreements entered into today, Blue Apron transferred its operational infrastructure to FreshRealm, including fulfillment centers, equipment, know-how and related personnel. Blue Apron received approximately $25M of upfront cash, subject to certain adjustments, and is eligible to receive up to $25M of value upon the achievement of certain milestones. "Blue Apron is now an asset-light company, focused on the growth of its direct-to-consumer business. The Company plans to continue to build its strong brand and deliver the high-quality products its customers have come to love. In addition, Blue Apron expects to accelerate the expansion of its product offerings, including the addition of new convenient options. With a portion of the proceeds of the transaction, Blue Apron also completed the repayment of all its outstanding senior secured notes. With this payment, Blue Apron eliminated its debt," the company said in a statement.
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APRN | Hot Stocks11:31 EDT Blue Apron trading halted, news pending
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VRTX | Hot Stocks11:06 EDT Vertex Pharmaceuticals presents data on CFTR modulators at ECFS Conference - Vertex Pharmaceuticals announced that 12 scientific abstracts on the company's portfolio of cystic fibrosis medicines were presented at this year's European Cystic Fibrosis Society's 46th European Cystic Fibrosis Conference held June 7-10, 2023, in Vienna, Austria. Together, the data presented show the long-term benefits of treatment with CFTR modulators as well as the importance of treating the underlying cause of CF as early in life as possible. Key data presented at this year's conference are highlighted below. Vertex presented an interim analysis of a registry-based study of real-world data collected from people with CF and treated with TRIKAFTA, also known in the European Union and in the U.K. as KAFTRIO in combination with ivacaftor, including over 16,000 people with CF from the Cystic Fibrosis Foundation Patient Registry and nearly 3,000 from the German CF Registry. This ongoing five-year post-authorization study is the largest real-world study of people with CF treated with TRIKAFTA to date. The IA showed clinically significant disease-modifying benefits for TRIKAFTA, including improved lung function and a 79% reduction of pulmonary exacerbations in the U.S. and 83% in Germany overall compared to pre-TRIKAFTA baseline. The rate of death was 72% lower in the U.S. and 82% lower in Germany, the rate of lung transplant was 85% lower in the U.S. and 100% lower in Germany, compared to 2019 U.S. CFFPR and German CF Registry populations. No new safety concerns were identified. Vertex also presented final results of the nearly four-year TRIKAFTA open-label follow-up study of the Phase 3 pivotal trials in people with CF ages 12 years and older with at least one F508del mutation in the CFTR gene. The results of this study are unprecedented, showing for the first time that treatment with TRIKAFTA resulted in no decline in lung function over a four-year period.
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EDIT | Hot Stocks11:05 EDT Editas reports 'positive' early safety, efficacy data from RUBY, EdiTHAL trials - Editas Medicine announced "positive" initial safety and efficacy data from the first four patients with sickle cell disease, or SCD, treated with EDIT-301 in the RUBY trial and from the first transfusion-dependent beta thalassemia patient treated in the EdiTHAL trial. The RUBY trial data will be presented in an oral presentation at European Hematology Association, or EHA, Hybrid Congress in Frankfurt, Germany, and via live stream on Saturday, June 10, the company noted. Editas Medicine will present the RUBY trial data and the EdiTHAL trial data on Monday, June 12, at 8 a.m. ET in a company-sponsored webinar. "In the RUBY trial, Patients 1 and 2 reached normal hemoglobin levels five months post-treatment with EDIT-301, and both patients have maintained a normal hemoglobin level at ten- and six-month follow-up, respectively. Additionally, each of these patients has seen fetal hemoglobin levels of greater than 40% persist during the same time frame. Patients 3 and 4 in the RUBY trial saw increases in total hemoglobin and fetal hemoglobin at three and two months of follow up, respectively, that follow similar trajectories as those seen in the first two patients. All four treated RUBY patients are also free of vaso-occlusive events since infusion. In the EdiTHAL trial, the first patient demonstrated successful neutrophil and platelet engraftment, and, at one and a half months post-infusion, the patient's response resembles that of the first four RUBY patients. EDIT-301 was well-tolerated and demonstrated a safety profile consistent with myeloablative conditioning with busulfan and autologous hematopoietic stem cell transplant by the four patients in the RUBY trial and the first patient in the EdiTHAL trial. After EDIT-301 infusion, no serious adverse events occurred, and no adverse events reported were related to treatment with EDIT-301," the company reported.
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NVEI | Hot Stocks10:16 EDT Nuvei appoints Laura Miller as chief revenue officer, global head of ecommerce - Nuvei Corporation announced the appointment of Laura Miller to a newly created role of Chief Revenue Officer and Global Head of eCommerce, reporting directly to Nuvei President Yuval Ziv. Her primary responsibilities will include developing Nuvei's strengthening relationships with the enterprises in global eCommerce, as well as heading up its eCommerce commercial organization in North America, Europe, MEA, APAC and LATAM, Nuvei said in a statement.
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PLUG NRGV | Hot Stocks10:06 EDT Energy Vault selects Plug Power to supply 8 MW of hydrogen fuel cells - Plug Power Inc. (PLUG) will discuss the new partnership and including software collaboration with Energy Vault Holdings (NRGV) at its analyst day in Rochester on June 14th. Energy Vault has designed and will integrate for the city of Calistoga, a hybrid microgrid system that includes an 8 MW hydrogen fuel cell stationary power for the first of its kind hybrid microgrid that will be used during times of wildfires and other emergencies. This will be the largest planned hydrogen powered fuel cell installation in the United States.
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CHPT | Hot Stocks10:00 EDT ChargePoint falls -8.6% - ChargePoint is down -8.6%, or -83c to $8.78.
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AGX | Hot Stocks10:00 EDT Argan falls -9.9% - Argan is down -9.9%, or -$4.40 to $39.84.
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PL | Hot Stocks10:00 EDT Planet Labs falls -20.2% - Planet Labs is down -20.2%, or -99c to $3.91.
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FTCH | Hot Stocks10:00 EDT Farfetch rises 9.3% - Farfetch is up 9.3%, or 51c to $5.99.
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IOT | Hot Stocks10:00 EDT Samsara rises 10.4% - Samsara is up 10.4%, or $2.90 to $30.67.
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ODC | Hot Stocks10:00 EDT Oil-Dri Corporation of America rises 14.5% - Oil-Dri Corporation of America is up 14.5%, or $5.86 to $46.41.
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RAD | Hot Stocks09:49 EDT Rite Aid announces Thomas Sabatino as chief legal officer - Rite Aid announced that Thomas Sabatino has joined the company as executive VP and chief legal officer. Sabatino will play a pivotal role in the company's growth strategy to help create meaningful customer, client, and member experiences for millions of Americans. As CLO, he will oversee the organization's legal affairs, including enterprise risk management, compliance, regulatory affairs, and privacy.
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VNCE | Hot Stocks09:47 EDT Vince Holding falls -6.1% - Vince Holding is down -6.1%, or -29c to $4.50.
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CHPT | Hot Stocks09:47 EDT ChargePoint falls -9.2% - ChargePoint is down -9.2%, or -88c to $8.73.
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PL | Hot Stocks09:47 EDT Planet Labs falls -19.7% - Planet Labs is down -19.7%, or -96c to $3.94.
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TK | Hot Stocks09:47 EDT Teekay Corp. rises 6.4% - Teekay Corp. is up 6.4%, or 37c to $6.15.
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AMPS | Hot Stocks09:47 EDT Altus Power rises 7.2% - Altus Power is up 7.2%, or 38c to $5.63.
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MX | Hot Stocks09:47 EDT MagnaChip rises 9.0% - MagnaChip is up 9.0%, or 96c to $11.63.
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TEVA... | Hot Stocks09:44 EDT NY AG announces $17.3B in opioid settlement agreements with Teva, CVS, Walgreens - New York Attorney General Letitia James announced the final approval of $17.3B in opioid agreements with drug makers Teva Pharmaceuticals (TEVA) and Allergan and pharmacies CVS (CVS) and Walgreens (WBA), including over $1B for New York state. "These agreements settle ongoing lawsuits by other states, and finalizes settlement provisions that were negotiated between Attorney General James and Teva Pharmaceuticals, CVS, and Walgreens. These respective agreements will become effective in the coming weeks. These funds are part of the over $2.6 billion secured by Attorney General James from opioid manufacturers, distributors, and prescribers. Funds from this settlement agreement are expected to start becoming available to state and local governments by the end of this year. New York has already started receiving payments from Teva for the trial premium in recognition of New York's landmark liability verdict following a six-month trial. Attorney General James had previously settled with Allergan, and is not part of the national agreement with that company," the AG stated. "No amount of money will bring back the lives lost to opioids, but these funds will help heal New York. For years, Teva, CVS, and Walgreens peddled deadly opioids and today's historic agreements hold these companies accountable for their role in this public health crisis. These funds will help with opioid abatement, education, and treatment efforts in our communities," said Attorney General James. Reference Link
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HOOD | Hot Stocks09:44 EDT Robinhood to end support for Cardano, Polygon and Solana coins - Robinhood Markets said in a statement, "We regularly review the crypto we offer on Robinhood. Based on our latest review, we've decided to end support for Cardano (ADA), Polygon (MATIC), and Solana (SOL) on June 27th, 2023 at 6:59 PM ET. No other coins are affected and your crypto is still safe on Robinhood...After the deadline, any ADA, MATIC, and SOL still in your Robinhood Crypto account will be sold for market value and the proceeds will be credited to your Robinhood buying power." Reference Link
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RAD TEN | Hot Stocks09:33 EDT Rite Aid appoints Thomas Sabatino as CLO - Rite Aid (RAD) announced that Thomas Sabatino has joined the company as EVP and Chief Legal Officer. Sabatino will play a pivotal role in the company's growth strategy to help create meaningful customer, client, and member experiences for millions of Americans. As CLO, he will oversee the organization's legal affairs, including enterprise risk management, compliance, regulatory affairs, and privacy. He was most recently the EVP and General Counsel at Tenneco (TEN).
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VHC | Hot Stocks09:26 EDT VirnetX signs non-exclusive agreement with Envoy Data - VirnetX announced that it has signed a non-exclusive agreement with Envoy Data Corporation to sell VirnetX's family of products, including VirnetX Matrix, to their 500 small-to-medium-size business customers in Healthcare, Manufacturing, Banking and Agriculture. They will also sell VirnetX Matrix to their 400+ existing channel partners ranging from System Integrators, VARS, MSPs and MSSPs.
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TTOO | Hot Stocks09:17 EDT T2 Biosystems enters clinical collaboration with VUMC for T2Bacteria Panel - T2 Biosystems announced a collaborative relationship with Vanderbilt University Medical Center's Learning Healthcare System Platform, which unites clinical research and clinical operations to evaluate and implement new approaches to care that can improve the health of patients and the community. Through this collaboration, VUMC will implement and evaluate the FDA-cleared T2Bacteria Panel in a clinical setting and conduct a prospective study to assess the impact of the direct-from-blood T2Bacteria Panel to improve antibiotic usage and clinical interventions for patients with a bloodstream infection.
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XELA | Hot Stocks09:04 EDT Exela Technologies closes sale of high-speed scanner business - Exela Technologies completed the sale of its high-speed scanner manufacturing and maintenance business, including the Intelliscan family of products, to Imaging Business Machines. Exela customers will continue to receive the technology and best in class solutions as part of the transaction. The Business generated revenue of $20.5 million in 2022 and is included in the ITPS reporting segment. This transaction is part of the strategic initiatives previously announced. The Company plans to use the incremental liquidity for general corporate purposes, debt obligations and transactions expenses. Under ibml's ownership, the Business will continue to provide the complete suite of scanning products and services for our customers, providing a seamless transition.
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CZFS HVBC | Hot Stocks09:02 EDT Citizens Financial Services: Exchange ratio finalized for HV Bancorp merger - Citizens Financial Services (CZFS) announced that the exchange ratio for the pending merger HV Bancorp (HVBC) with and into CZFS has been finalized at 0.4040 shares of CZFS stock for each share of HVBC stock. The original exchange ratio has been adjusted from 0.4000 shares of CZFS stock for each share of HVBC stock to 0.4040 shares of CZFS stock for each share of HVBC stock to reflect the 1% stock dividend declared on May 30, 2023 by CZFS and payable on June 30, 2023.
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VCTR | Hot Stocks08:56 EDT Victory Capital reports AUM of $154.8B as of May 31 vs. $157.6B last month - Victory Capital reported assets under management of $154.8 billion as of May 31, 2023, and average assets under management for May of $155.8 billion.
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IMGN | Hot Stocks08:55 EDT ImmunoGen announces updated CADENZA data at EHA - ImmunoGen announced updated data from an interim analysis of the Phase 2 CADENZA trial of pivekimab sunirine in patients with frontline and relapsed/refractory blastic plasmacytoid dendritic cell neoplasm, or BPDCN. The data will be presented in an oral session on Sunday, June 11 at the European Hematology Association, or EHA, 2023 Congress in Frankfurt, Germany. The CADENZA trial is enrolling frontline BPDCN patients, including those with de novo disease and those with a prior or concomitant hematologic malignancy. As announced in August 2022, ImmunoGen aligned with the FDA that the efficacy analysis will be conducted in de novo BPDCN patients with CR/CRc as the primary endpoint. The secondary endpoint is duration of CR/CRc. With enrollment in the R/R cohort complete, ImmunoGen expects to complete enrollment in the pivotal frontline de novo cohort this year and report top-line data in 2024. In frontline-treated patients including those with de novo and PCHM, the objective response rate is 80% with a composite complete remission rate of 73% and an additional patient achieving a CR post-transplant. Median duration of response for all responders in frontline-treated patients was 12.7 months. In R/R patients, the ORR was 33%, with a CCR rate of 20%, including those who previously failed intensive chemotherapy and/or transplant. Median DOR for all responders in R/R patients was 7.1 months. Pivekimab continues to exhibit manageable safety; no new safety signals were observed. The most common treatment-emergent adverse events occurring in 15% or more of patients were peripheral edema, thrombocytopenia, fatigue,infusion-related reactions, constipation, nausea, anemia, headache, neutropenia, diarrhea, hypokalemia, dyspnea, hyperglycemia and pyrexia. No capillary leak syndrome or cytokine release syndrome are reported. Discontinuations due to pivekimab-related adverse events are 3%. Also, 30-day mortality is 0% in frontline-treated patients and 4% in R/R patients.
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EVE | Hot Stocks08:54 EDT EVe Mobility Acquisition transfers listing to NYSE - EVe Mobility Acquisition, a special purpose acquisition company, announced that it will transfer its listing from The New York Stock Exchange to the NYSE American LLC, where it has been approved to list. Following the transfer, it will continue to file the same types of periodic reports and other information it currently files with the Securities and Exchange Commission. EVe anticipates the transfer to the NYSE American to occur on or about June 12, 2023.
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KC | Hot Stocks08:53 EDT Kingsoft Cloud CEO purchases 2M ordinary shares at HK$2.625 - Kingsoft Cloud announced that, Mr. Zou Tao, an executive Director, the Vice Chairman of the Board and the CEO of the Company, informed the Company that, during this week, he had purchased an aggregate of 2,000,000 ordinary shares of the Company at a weighted average price of HK$2.625 on the open market. The share purchases were not conducted pursuant to a trade plan or program. The Board has been further notified by Mr. Zou that, in the future, he and possibly the management team may further purchase shares of the Company from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations.
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JSDA | Hot Stocks08:51 EDT Jones Soda names David Knight as new CEO - Jones Soda is pleased to announce that David Knight was appointed by the Company's board of directors (the "Board") to serve as the Company's President and Chief Executive Officer, effective June 23, 2023, to replace Mark Murray who announced his intention to retire on that date. Mr. Knight has previously served as Vice President of Marketing Gatorade International for PepsiCo International, Vice President of Marketing Asia Pacific for Quaker Oats, Vice President of Internal Communications for eBay Inc., and most recently was CEO and Co-founder of SX Latin Liquors.
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RHHBY | Hot Stocks08:49 EDT Roche reports 'positive' results from phase 3 COMMODORE 1 and 2 studies - Roche announced that "positive" results from the global phase III COMMODORE 1 and 2 studies, evaluating the efficacy and safety of crovalimab, an investigational, novel anti-C5 recycling monoclonal antibody, compared to eculizumab, a current standard of care in paroxysmal nocturnal haemoglobinuria, or PNH, were presented at the European Hematology Association, or EHA, Hybrid Congress, taking place in Frankfurt, Germany on June 8-11. In the COMMODORE 2 study, 79.3% of participants randomized to be treated with crovalimab achieved haemolysis control from week five to week 25 compared with 79.0% with eculizumab. Additionally, 65.7% achieved transfusion avoidance from baseline to week 25 with crovalimab and 68.1% with eculizumab. A clinically meaningful improvement in FACIT-Fatigue score from baseline to week 25 occurred in both arms, with a numerically greater improvement with crovalimab, versus eculizumab. Adverse events occurred in 78% of participants treated with crovalimab and 80% treated with eculizumab in the COMMODORE 2 study. "With the option for subcutaneous self-administration, crovalimab could help meet the lifelong needs of people living with PNH and their caregivers. Data from the COMMODORE studies will be submitted to regulatory authorities around the world," said Levi Garraway, M.D., Ph.D., Roche's Chief Medical Officer and Head of Global Product Development.
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TMC | Hot Stocks08:47 EDT Metals Company director buys $3.0M in common stock - In a regulatory filing, Metals Company disclosed that its director Andrei Karkar bought 4M shares of common stock on June 8th in a total transaction size of $3.0M. TMC shares are up 12% in pre-market trading.
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TIO | Hot Stocks08:39 EDT Tingo Group stockholders approve all proposals at Special Meeting - Tingo Group announced the results of the proxy vote associated with the Company's Special Meeting of its Stockholders. The stockholders approved all three of the resolutions presented in the Definitive Proxy Statement, as sent to the Company's shareholders on May 1, 2023, including the approval of the issuance of 26,042,808 shares of Tingo Group's Common Stock upon the conversion of 2,604.28 shares of Tingo Group's Series A Preferred Stock, as required under the terms of the acquisition of Tingo Mobile, and the increase in the authorized shares of the Company's common stock from 425,000,000 shares to 750,000,000, to accommodate the conversion of both the Series A Preferred Stock and the Series B Preferred Stock under the terms of the Merger, and to accommodate future strategic business decisions. Each of the three proposals received votes in favour equating to more than 98% of all the shares voted, which was on a turnout equating to 59.22% of all shares in issue at the record date of April 24, 2023.
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CNVS | Hot Stocks08:34 EDT Cineverse, TCL announce content and technology partnership - TCL and Cineverse announced a new content and technology partnership. Through this deal, Cineverse's proprietary Matchpoint technology platform has been selected to provide content services for new TCL televisions in North America. Cineverse will be one of a select few, content aggregators to provide key ad-supported video-on-demand programming as well as provide key content aggregation services. Cineverse will offer its full portfolio of free, ad-supported streaming television channels to TCL users. In addition, Cineverse will also serve as a key demand partner with TCL by providing programmatic ad and direct ad sales expertise for the breadth of content provided by company.
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AREC | Hot Stocks08:32 EDT American Resources closes $45M offering of revenue bonds - American Resources Corporation announced that it has closed its offering of $45,000,000 principal amount of West Virginia Development Authority Solid Waste Disposal Facility Revenue Bonds, Series 2023, for the Company's Wyoming County Coal complex located near the town of Oceana, West Virginia. The bonds hold an interest rate of 9% and a maturity date of June 8, 2038.
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FE | Hot Stocks08:32 EDT FirstEnergy names Abigail Phillips as chief risk officer - FirstEnergy announced that Abigail Phillips has been named vice president and chief risk officer, effective July 10. In this role, she will execute a risk program that reflects FirstEnergy's core values and behaviors; implement robust processes, procedures and standards to identify, mitigate and prevent risks across the company; and support efforts by the Board of Directors and senior leadership to implement, review and approve the company's enterprise-wide risk governance and compliance framework.
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WLDS | Hot Stocks08:31 EDT Wearable Devices unveils adaptable AI-based algorithm for gesture learning - Wearable Devices unveiled a solution that incorporates adaptable artificial intelligence, noise-resistant features, and precise gesture learning into the Company's products. This efficient algorithm can decipher and respond to natural hand movements and gestures personally. An effective wearable sensor-based AI system is one that can adapt to individual users and excel in low signal-to-noise ratio environments. In line with this vision, Wearable Devices has developed custom recurrent neural networks capable of performing sensor fusion and fast adaptation through few-shot learning. The neural network's memory structure and parameter space have been meticulously tailored to align with the mechanics governing natural hand movements. This cutting-edge technology empowers users to effortlessly perform both short gestures, such as tapping, and long movements, such as drag and drop, with remarkable precision and efficiency.
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ADD | Hot Stocks08:31 EDT Color Star Technology unit, Hua Yu Sheng Shi Group enter partnership - Color Star Technology Co., announces that its subsidiary, Color Metaverse Pte. Ltd., recently entered into a strategic cooperation framework agreement with Hua Yu Sheng Shi Group to work together on developing new entertainment and sports IPs in the future, with terms to be set forth in a definitive written agreement. The partnership will involve co-organizing large-scale events, talent cultivation programs, variety shows, agency operations and commercial rights management.
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ALK | Hot Stocks08:31 EDT Alaska Air reports system outage delaying flights - In responses to a number of tweets from fliers, Alaska Airlines has replied on its official Twitter account: "I truly apologize but we had a system outage that our IT is working diligently to resolve. Thanks so much for your patience in this matter and hopefully we have you on your way as soon as possible." Reference Link
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KAVL | Hot Stocks08:19 EDT Kaival to seek third-party licensing opportunities to monetize new patents - Kaival Brands Innovations provided additional details of its recently-acquired extensive patent portfolio from GoFire, Inc. as it looks to expand its current product offerings to explore near and long-term revenue opportunities. In the near term, Kaival Brands expects to seek third-party licensing opportunities in the cannabis, hemp/CBD, nicotine and nutraceutical markets, as a means of monetizing its new patents. Longer term, the Company believes it can utilize the acquired patents to create innovative and market-disruptive products for its growing base of adult consumers, including patent protected vaporizer devices and related hardware and software applications. The consideration for the purchased patents consisted primarily of Kaival Brands equity securities, consisting of common stock, newly designated Series B Preferred Stock and a warrant to purchase common stock. Importantly, in certain key aspects, the equity consideration was structured in a forward-looking manner with valuations or exercise prices struck at premiums to the current market price of Kaival Brands' common stock. The weighted price per share of the common stock issued and the common stock underlying the Series B Preferred Stock was $1.53 per share on the May 30 closing date, accompanied by warrants with exercise prices ranging from $3.00 and $6.00. Included in the acquired technologies are patented systems and methods that are designed to overcome common issues regarding reliability and consistent dispensing over the entire life of a cartridge or reservoir, as well as improvements to the vaporizing chamber to ensure complete vaporization with minimum residue. The acquired patent portfolio includes the following: Bluetooth Child Safety App and Mechanical Cartridge Protection- A dual lockout system including a child safety lockout via Bluetooth app and child safety measures built mechanically into the cartridge design to prevent accidental consumption by minors. Controlled Delivery- Patented Twist-to-Dose technology utilizes a micro-threaded piston that provides consistent and precise delivery of consumables. There is an audible "click" so the consumer knows exactly how much is inhaled with each use. Flavor Delivery and Experience to Last Puff- Patented technology eliminates the bad taste that is associated with oil and e-liquid degradation. The RefreshFlavor technology is designed in a novel way to keep the vaporized solution safely away from the heating chamber until the moment it is consumed. Leak Proof Design and Removal of Cutting Agents- Patented sealed reservoir prevents leaks from occurring. Ordinary cartridges rely on dangerous thinning agents and wicks to deliver the oil and e-liquid to the heating chamber. The Twist-to-Dose technology with micro-threaded piston system can directly extrude oil into the heating chamber decreasing carbonyl and analyte formation. Authentication System/Counterfeit Protection- The acquired patents also include novel cartridge/pod identification and authentication/counterfeit protection capabilities. Dry Puff Protection- Certain elements of the acquired technologies design mitigate "dry puffs" which can occur when the consumable reservoir in a vaping/inhalation device is depleted, allowing the coil or wick to burn dry and emit potentially harmful toxins. 510 and Pod Compatibility- The technology included in the acquired patents is compatible with both the universal 510 thread format as well as pod based systems, the dominant formats of vaporizer and inhalation technologies. Product Remaining Indicators- The acquired technology provides indicators allowing for consumer insight into remaining product supply. MHRA Requirements- Technology is designed to meet all Medicines and Healthcare products Regulatory Agency requirements in the United Kingdom.
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PTGX | Hot Stocks08:11 EDT Protagonist Therapeutics announces press briefing on rusfertide - Protagonist Therapeutics announced today that Ronald Hoffman, MD, Icahn School of Medicine at Mount Sinai, provided a press briefing this morning on the late-breaking oral presentation abstract LB2710: Targeted Therapy of Uncontrolled Erythrocytosis in Polycythemia Vera with the Hepcidin Mimetic, Rusfertide - Blinded Randomized Withdrawal Results of the REVIVE Study at the European Hematology Association 2023 Congress. The study results will be presented in detail by Marina Kremyanskaya, MD, PhD, Icahn School of Medicine at Mount Sinai, on Sunday, June 11, 2023 at 9:45-10:00 CEST. "The positive outcomes of the REVIVE study showcase the efficacy and tolerability of rusfertide as a highly effective therapy for uncontrolled erythrocytosis and associated symptoms in PV, and represent a significant advancement in the treatment of this malignant myeloproliferative neoplasm," said Dr. Hoffman. "Rusfertide offers a novel hormone mimetic-based approach which acts by selectively targeting uncontrolled erythrocytosis, providing sustained and durable hematocrit control and potentially improving PV-related symptoms and quality of life in these patients." Based on these and other previously announced data from the Phase 2 REVIVE Study of rusfertide in polycythemia vera, which showed patients on rusfertide remain largely phlebotomy free with durable hematocrit control under 45%, the company is planning a follow-on two year extension study, PTG-300-21, for patients who complete the current three-year Phase 2 study, thereby enabling evaluation of the effects of rusfertide in PV for up to five years. "As previously announced, data from the randomized withdrawal portion of the Phase 2 REVIVE study showed that nearly 70% of subjects receiving rusfertide treatment met the definition of clinical responders and more than than 92% of subjects in the rusfertide arm remained phlebotomy free. These are patients who would have otherwise required frequent phlebotomy, with or without cytoreductives. Additionally, some of the study participants have remained on rusfertide treatment for more than 2.5 years, highlighting the durability of response with rusfertide. A follow-on study allows even longer-term evaluation of the durability of response with rusfertide," said Arturo Molina, MD, MS, Chief Medical Officer, Protagonist Therapeutics. "We look forward to the opportunity this follow-on study presents, to gain further insight into the long-term safety and effectiveness of this promising drug candidate."
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AVGR | Hot Stocks08:09 EDT Avinger announces presentations at NCVH annual conference - Avinger announced two podium presentations featuring the company's Lumivascular technology at the New Cardiovascular Horizons annual conference, which took place May 30 through June 2 in New Orleans. Key opinion leaders in the fields of interventional cardiology and endovascular interventions highlighted Avinger's Lumivascular technology in the following sessions: Dr. Ian Cawich, an interventional cardiologist at Arkansas Heart in Little Rock, highlighted the entire portfolio of Avinger's proprietary OCT-guided atherectomy technologies in his session, "OCT-Guided Atherectomy of ATK and BTK Lesions." Dr. Jon George, Director of Complex Interventions, and interventional cardiologist and endovascular medicine specialist at Pennsylvania Hospital, University of Pennsylvania Health System in Philadelphia, featured Avinger's Pantheris SV OCT-guided atherectomy system in his session, "Utility of the Pantheris Atherectomy Device with OCT Imaging in Treating BTK Lesions," and presented updated interim data from the IMAGE-BTK clinical study. Dr. Cawich commented, "Performing atherectomy with onboard image-guidance provides a number of benefits to both physicians and patients, and results in safer and more effective outcomes than other technologies. A growing amount of published peer-reviewed data supports Avinger's OCT-guided atherectomy as a frontline option for interventionalists treating peripheral vascular disease above and below the knee, as well as in-stent restenosis. The 89% freedom from target lesion revascularization at 12 months in Avinger's INSIGHT study represents best-in-class results for in-stent restenosis patients." Dr. George noted, "Due to safety concerns and lack of long-term durability with most interventional technologies in the below-the-knee space, standalone balloon angioplasty has represented the primary therapy despite the high risk of dissection and low patency rates. With the introduction of Pantheris SV, interventionalists have a new option available that safely and effectively addresses these complex lesions due its onboard image-guidance system and targeted excision mechanism. The interim findings of IMAGE-BTK, a post-market study designed to evaluate the safety and efficacy of Pantheris SV in treating below-the-knee lesions, show a great deal of promise in this area of significant clinical need, with 94% patency in treated vessels at 12 months and 100% freedom from major adverse events. These types of outcomes, if maintained throughout this trial, would validate Pantheris as a standard of care for below-the-knee vascular disease."
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DARE | Hot Stocks08:07 EDT Dare Bioscience announces publication of Phase 1/2 data fro DARE-VVA1 - Dare Bioscience announced the publication of results of its Phase 1/2 clinical study of DARE-VVA1, a proprietary, investigational formulation of tamoxifen for intravaginal administration to treat vulvovaginal atrophy in women without the use of hormones. The journal article, "Pharmacokinetics, safety and preliminary pharmacodynamic evaluation of DARE-VVA1: a soft gelatin capsule containing tamoxifen for the treatment of vulvovaginal atrophy," was published online and will appear in Climacteric, the official journal of the International Menopause Society. The randomized, double-blind, placebo-controlled study was designed to evaluate the pharmacokinetics, safety and pharmacodynamics of DARE-VVA1 in postmenopausal participants with moderate to severe VVA. Dare is developing DARE-VVA1 as a new hormone-free treatment option to address moderate to severe VVA. If successful, DARE-VVA1 has the potential to be an important therapeutic for the treatment of VVA for women currently or previously treated for hormone-receptor positive breast cancer and for other women who would like a vaginal, non-hormonal option for VVA treatment.
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GNTX | Hot Stocks08:06 EDT Gentex equips Peugeot Hybrid Hypercar with digital vision system - Gentex Corporation has equipped Peugeot's all-new 9X8 Hybrid Hypercar with an intelligent rear vision system designed to optimize the vehicle's rearward view during the upcoming 24 Hours of Le Mans and for the FIA World Endurance Championship. With a focus on performance and safety, Peugeot Sport and Gentex partnered to implement a digital rearview mirror that will enhance the driver's visibility and situational awareness during the race. The system is an enhanced racing version of Gentex's Full Display Mirror, a digital rearview mirror available on more than 90 passenger vehicles around the world. The technology captures video from a rearward-facing camera and streams it to a mirror-integrated LCD display, providing drivers with a wide, unobstructed view behind the vehicle.
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TOI | Hot Stocks08:05 EDT The Oncology Institute, Massive Bio partner for AI-enabled cancer research - The Oncology Institute has announced a non-exclusive partnership with Massive Bio. This strategic alliance aims to redefine the landscape of cancer treatment by harnessing advanced AI technology and establishing an extensive nationwide network. Under this visionary collaboration, TOI will be supported by Massive Bio with evaluating the eligibility of patients for TOI's active clinical trial portfolio, utilizing their cooperative business model driven by AI and precision medicine. By leveraging sophisticated algorithms and comprehensive diagnostic information, Massive Bio will empower patients and ordering physicians at TOI with clinical decision-support and clinical trial matching services.
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SFT | Hot Stocks08:03 EDT Shift says strategic alternatives review 'ongoing' - The strategic alternatives review by the Shift Board of Directors is ongoing and includes the evaluation of options regarding the Company's debt.
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SFT | Hot Stocks08:03 EDT Shift appoints Ayman Moussa as CEO - Shift announced that its Board of Directors has appointed Ayman Moussa as CEO and a member of the Board, effective immediately June 9, 2023. In 2009, he founded Carnamic, a group of new and pre-owned auto dealerships in Northern California. Carnamic has 8 locations and over $200 million in annual revenue. Mr. Moussa succeeds Jeff Clementz, who will remain with the Company as a strategic advisor to Moussa, the Board, and the management team during a transition period. Mr. Clementz will step down from the Board effective immediately.
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INSP | Hot Stocks08:02 EDT Inspire Medical announces FDA approval for AHI expanded indication - Inspire Medical Systems has received approval from the Food and Drug Administration on an expanded indication. The update includes an increase on the upper limit of the Apnea Hypopnea Index to 100 events per hour from 65, and raises the Body Mass Index warning in the labeling to 40 from 32.
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SEAS | Hot Stocks08:01 EDT SeaWorld Orlando opens first Coral Rescue Center - SeaWorld Orlando opened its first and all new Coral Rescue Center to park guests following a VIP ribbon cutting ceremony with esteemed members from Florida's conservation and rescue communities and local, state, and national lawmakers. It is one of the largest public-facing facilities dedicated to coral conservation in the country. The state-of-the-art rescue facility provides the public with a unique opportunity to observe and interact with coral biologists as they carry out daily husbandry for "at risk" Florida corals. The center provides an important way to view living corals up close, learn more about conservation, and understand the steps everyone can take to make a difference in ocean health. Park guests to the new center marveled today at the hundreds of living coral colonies and 15 different species - many of which are listed as threatened under the U.S. Endangered Species Act. The center is part of SeaWorld's ongoing commitment to coral conservation as the private and public sector come together to help save the Florida coral reef. The Fish & Wildlife Foundation of Florida is the partner of the coral rescue center initiative.
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ZOM | Hot Stocks07:38 EDT Zomedica launches TRUVIEW digital microscopy platform - Zomedica announced the launch of the revolutionary TRUVIEW digital microscopy platform, featuring the proprietary TRUprep system that automatically prepares slides, along with LiquiViewTM liquid lens technology that provides best-in-class images. Microscopic examination of blood and cytology fluids is the standard of care in the veterinary industry and is utilized by essentially every veterinary practice. The groundbreaking all-in-one TRUVIEW system combines LiquiView advanced optics, TRUprep automated slide preparation and tele-pathology with an easy-to-use interface to ensure consistent quality to boost veterinarian diagnostic confidence. The LiquiView advanced optics system will provide the highest quality slide images on the market, leading to better diagnostics for the pet.
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AEHR | Hot Stocks07:37 EDT Aehr Test Systems receives $13.7M in orders for FOX WaferPak Contactors - Aehr Test Systems received $13.7M in orders from its lead silicon carbide test and burn-in customer for WaferPak full wafer Contactors to meet their increased production capacity needs for silicon carbide power semiconductors for the electric vehicle market. This customer is a Fortune 500 supplier of semiconductor devices with a significant customer base in the automotive semiconductor market.
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VOR | Hot Stocks07:36 EDT Vor Bio announces FDA clearance for VCAR33 IND application - The Company announced that the U.S. Food and Drug Administration has cleared its Investigational New Drug application for VCAR33, a T-cell therapy derived from allogeneic healthy donors using a chimeric antigen receptor specifically binding to CD33. VCAR33 is planned to be studied in the VBP301 clinical trial, which will focus on patients who have relapsed following allogeneic stem cell transplant where T cells harvested from the original donor are used as starting material for the drug product.
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VOR | Hot Stocks07:34 EDT Vor Bio presents updated clinical data from VBP101 Phase 1/2a study - Vor Bio presented updated clinical data from patients treated in VBP101, its Phase 1/2a multicenter, open-label, first-in-human study of trem-cel in patients with acute myeloid leukemia. These data were presented by Guenther Koehne, MD, PhD, Deputy Director and Chief of Blood & Marrow Transplant and Hematologic Oncology at Miami Cancer Institute of Baptist Health South Florida in a poster presentation at the European Hematology Association 2023 Congress in Frankfurt, Germany. The time for neutrophil engraftment in all five patients treated with trem-cel was similar to unedited transplants, suggesting that CD33 may be biologically dispensable. All patients achieved high levels of myeloid donor chimerism by day 28. After achieving timely neutrophil engraftment and platelet recovery, patient 2 experienced secondary graft failure coincident with a detected coronavirus hKU1 infection and following administration of antimicrobial agents including trimethoprim-sulfamethoxazole, both of which may be associated with graft failure. A backup graft was administered, and neutrophil engraftment and platelet recovery were observed. Patient 3 achieved timely neutrophil engraftment at Day 10, however platelets are still recovering. A platelet-reactive antibody was identified, and the patient is being treated for autoimmune thrombocytopenia. Platelets are steadily increasing and are at 15,000 per microL independent of transfusions. Patients 4 and 5 achieved normal neutrophil engraftment and platelet recovery, providing further confidence in the Company's platform and approach. These patients have not experienced any unexpected adverse events to date. Cell doses for all five patients were successfully manufactured and met release criteria, and all had a high level of CD33 editing efficiency. As previously reported, neutrophil and platelet cell counts were maintained in patient 1 who received multiple Mylotarg doses at 0.5 mg/m2, suggesting protection from Mylotarg-induced hematotoxicity.
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ABEO | Hot Stocks07:33 EDT Abeona Therapeutics says FDA requests additional assay data for EB-101 - Abeona Therapeutics received feedback from the U.S. Food and Drug Administration on June 8, 2023, in which the Company gained the Agency's alignment on the data required to establish retroviral vector comparability, a critical Chemistry, Manufacturing and Controls component for the EB-101 Biologics License Application. As part of the package, the FDA requested additional assay data to establish comparability between RVV sourced from Indiana University and RVV manufactured in-house at Abeona, both of which have been used in the EB-101 clinical studies. The Company has the necessary reagents in-house to promptly generate the requested data. To allow the FDA the necessary time to review the requested RVV data, Abeona has requested that its pre-BLA meeting date for EB-101 be rescheduled for August 2023. The Company expects to file its BLA for EB-101 in the third quarter of 2023.
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CRNX | Hot Stocks07:31 EDT Crinetics to highlight pipeline at ENDO 2023 - Crinetics Pharmaceuticals announced upcoming presentations that will highlight the company's pipeline at ENDO 2023, the Endocrine Society's annual meeting, which is being held June 15-18, 2023 in Chicago, Illinois. Two presentations will provide additional clinical evidence and patient-reported data for paltusotine, an experimental, once-daily, oral, small molecule somatostatin receptor type 2 agonist in Phase 3 clinical development for the treatment of acromegaly. An upcoming oral presentation will review previously reported two-year data from the company's ACROBAT Advance open-label extension study of paltusotine in acromegaly. The presentation will be delivered by Monica R. Gadelha, M.D., Ph.D., professor of endocrinology at the Medical School of the Universidade Federal do Rio de Janeiro and a principal investigator in the Phase 2 ACROBAT program. In addition to the maintenance of IGF-1 levels in Advance study participants, Dr. Gahelha will present an analysis of symptom control and other patient-reported outcomes as assessed using the Acromegaly Symptom Diary. In addition, Crinetics will highlight the results of in vivo studies from preclinical programs developing: a parathyroid hormone receptor type 1 antagonist for the treatment of primary hyperparathyroidism; and a thyroid-stimulating hormone receptor antagonist for the treatment of Graves' disease, an autoimmune disorder that can cause hyperthyroidism and the associated thyroid eye disease.
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ADCT | Hot Stocks07:18 EDT ADC Therapeutics announces updated LOTIS-2 results of ZYNLONTA - ADC Therapeutics announced updated results from LOTIS-2, the pivotal Phase 2 clinical trial of ZYNLONTA in patients with relapsed/refractory diffuse large B-cell lymphoma. The data are being presented in a poster today at the European Hematology Association 2023 Hybrid Congress and will also be featured in an oral presentation at the 17th International Conference on Malignant Lymphoma being held in Lugano, Switzerland from June 13-17, 2023.The multicenter, open-label, single-arm Phase 2 LOTIS-2 study that evaluated ZYNLONTA in patients with relapsed or refractory DLBCL after greater than or equal to2 prior systemic therapies resulted in an overall response rate of 48.3%, with a complete response rate of 24.8%. The median time to response was 41.0 days for all responders and 42.0 days for patients with a CR. All-grade treatment-emergent adverse events occurring in greater than or equal to30% of all patients were increased gamma-glutamyltransferase, neutropenia, and thrombocytopenia. Key data from 145 evaluable patients as of the data cutoff of September 15, 2022 include the following: The median duration of response was not reached for patients with a CR and was 13.37 months among all responding patients; Of the 36 patients with a CR, 11 were event-free for greater than or equal to2 years with no evidence of disease and no new anticancer therapy; In the subsets of patients who were event-free for greater than or equal to1 year and greater than or equal to2 years, the median duration of time patients remained treatment-free post-ZYNLONTA was 24.8 months and 27.7 months, respectively; No new safety signals were identified.
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VVV | Hot Stocks07:17 EDT Valvoline reports preliminary results from 'Dutch auction' tender offer - Valvoline announced the preliminary results of its modified "Dutch auction" tender offer to repurchase up to $1B in value of shares of its common stock, which expired at 12:00 midnight, at the end of the day, New York City time, on Thursday, June 8, 2023. Based on the preliminary count by Equiniti Trust Company, the depositary for the tender offer, approximately 26,955,088 shares were properly tendered and not properly withdrawn at or below the expected final purchase price of $38.00 per share, including shares that were tendered through notices of guaranteed delivery. In accordance with the terms and conditions of the tender offer, the company expects to purchase 26,955,088 shares at a final purchase price of $38.00 per share, for an aggregate purchase price of approximately $1.024B. Included in the 26,955,088 shares that the company expects to purchase are 639,299 shares that the company has elected to purchase pursuant to its right to purchase up to an additional 2% of its outstanding shares of common stock. As the company expects to accept for purchase all of the shares which were properly tendered and not properly withdrawn at a price at or below $38.00, there is no proration factor. These shares represent approximately 16.3% of the company's issued and outstanding shares as of June 7, 2023.
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ORAAF | Hot Stocks07:15 EDT Aura Minerals declares semi-annual dividend of 14c per share - Aura Minerals announced that the Company's Board of Directors has declared and approved the payment of a dividend of 14c per common share. In accordance with the Company's dividend policy, the Dividend is in respect of and is based on Aura's expected financial results for the six months ending June 30, 2023.
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FSR | Hot Stocks07:15 EDT Fisker to open delivery center in China, commence SUV deliveries in Q1 - Fisker announced its plans to open a delivery center in China in and commence deliveries of the Fisker Ocean SUV in Q1 2024.
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PRAX | Hot Stocks07:12 EDT Praxis Precision Medicines to begin ulixacaltamide Phase 3 by year-end - Praxis Precision Medicines announced the outcomes from a recent end-of-Phase 2 meeting with the U. S. Food and Drug Administration regarding plans to advance ulixacaltamide into Phase 3 for essential tremor. Key elements of the registration plan: Use of the modified Activities of Daily Living 11 as the primary endpoint is acceptable. In the Phase 2 Essential1 study, mADL11 was nominally significant; Agreement to use a single dose of 60 mg for the Phase 3 trials; Base case assumption confirmed for two Phase 3 trials, one of which will be a 12-week, parallel design study and one of which will be a 12-week randomized withdrawal study for stable responders; Safety database required for a New Drug Application at the minimum required by ICH guidelines: 300 patients with six-months of exposure and 100 patients with one-year of exposure; Agreement that the completed and planned clinical pharmacology and toxicology studies would be sufficient for submission of an NDA. The protocols for the Phase 3 trials are being finalized and Praxis intends to submit to the current Investigational New Drug Application shortly.
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IRON | Hot Stocks07:10 EDT Disc Medicine presents initial data from Phase 2 BEACON trial of bitopertin - Disc Medicine presented preliminary findings from its ongoing, Phase 2 open-label BEACON trial evaluating bitopertin, an orally administered glycine transporter 1 inhibitor, in patients with erythropoietic protoporphyria and X-linked protoporphyria at the European Hematology Association 2023 Congress in Frankfurt, Germany. The initial trial data demonstrated consistent decreases in PPIX, significant increases in reported sunlight tolerance and improvements in measures of patient quality of life. The BEACON trial is a randomized, open-label, parallel-arm trial enrolling up to 22 patients with EPP or XLP at trial sites in Australia. This trial was designed to assess changes in levels of PPIX, as well as measures of photosensitivity, quality of life, and safety and tolerability. Subjects are randomized to receive either 20 mg or 60 mg of bitopertin once-daily for 24 weeks, after which patients have the option of continuing in an open-label extension of the trial for up to an additional 24 weeks. The trial is ongoing and these data reflect initial data from 15 subjects enrolled as of the data cutoff of May 8, 2023, with a range of treatment durations from 18 days to 6 months. Due to batch processing of samples, the data cutoff for PPIX data was April 7, 2023. Highlights of the initial data presented: Protoporphyrin IX levels: Significant, consistent, dose-dependent, and sustained reductions of whole-blood, metal-free PPIX; mean reduction of greater than40% when compared to baseline; Measures of light tolerance from two participants with the longest follow-up demonstrated substantial increases in sunlight tolerance as measured by time in sunlight without experiencing a prodrome, or "sunlight challenge": A participant on 20 mg bitopertin reported a greater than80-fold increase in sunlight tolerance on day 88 of treatment, increasing from 4.5 minutes at baseline to over 6 hours; the participant did not report a prodrome during any sunlight challenge after Day 20; A participant on 60 mg bitopertin reported a greater than200-fold increase in sunlight tolerance on day 74 of treatment, increasing from 1.25 minutes at baseline to over 4 hours, and did not report a prodrome during any sunlight challenge after Day 120; Measures of light tolerance: Average weekly total time spent in sunlight: increased from 344 minutes to 1,200 minutes at Week 24; Time to prodrome during sunlight challenge: increased greater than7-fold, from 25 minutes at baseline to 182 minutes at Week 24; Increased proportion of days without symptoms: 75% vs. 25%; Increased proportion of sunlight challenges without prodromes: 50% vs. 0%; Phototoxic reactions: 96% reduction in patient-reported phototoxic reactions while on treatment compared to baseline; Measures of patient quality of life; Patient Global Impression of Change: All 10 patients that had completed a day 43 visit reported their disease was much better or a little better in the last 7 days; Patient Global Impression of Severity: Nine out of 10 patients that had completed a day 43 visit reported their EPP was mild or not at all severe; EPP Impact Questionnaire: For patients whose most recent data was Day 43, 4/8 patients reported an improvement in the impact of EPP on quality of life and 4/8 reported no change in the impact of EPP on quality of life. For patients whose most recent data was after Day 43, 2/2 reported marked improvement in the impact of EPP on quality of life, reporting no impact of EPP on quality of life. Bitopertin was well-tolerated at both dose levels with no reported serious adverse events, no reported discontinuations or dose reductions, no reported adverse events greater than Grade 1, and no meaningful changes observed in mean hemoglobin levels
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FNCH | Hot Stocks07:07 EDT Finch Therapeutics will effect 1-for-30 reverse stock split - Finch Therapeutics will effect a one-for-30 reverse stock split of its issued and outstanding common stock. Finch stockholders approved an amendment to its Amended and Restated Certificate of Incorporation to effect the reverse stock split at Finch's Annual Meeting of Stockholders held on June 8, 2023. The reverse stock split is intended to increase the per share trading price of Finch's common stock to enable Finch to satisfy the minimum price requirement for continued listing on the Nasdaq Global Select Market. Finch expects that, upon the opening of trading on June 12, 2023, its common stock will trade on the Nasdaq Global Select Market on a split-adjusted basis under the current trading symbol "FNCH" and the CUSIP number 31773D200. The reverse stock split affects all issued and outstanding shares of Finch's common stock uniformly and will not alter any stockholder's percentage interest in Finch's equity, except to the extent that the reverse stock split results in some stockholders receiving cash in lieu of any fractional shares. No fractional shares will be issued in connection with the reverse split. Stockholders who would otherwise be entitled to receive a fractional share will instead receive a cash payment in lieu of such fractional shares equal to the fair market value of such fractional shares, as determined in good faith by Finch's Board of Directors. The par value of Finch's common stock will remain unchanged at $0.001 per share after the reverse stock split. There will be no change in the authorized number of shares of common stock or preferred stock after the reverse stock split.
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CSIQ | Hot Stocks07:07 EDT Canadian Solar subsidiary, CSI Solar, completes IPO process in Shanghai - Canadian Solar announces that its majority-owned subsidiary, CSI Solar Co., has completed its initial public offering process and its shares started trading on the Shanghai Stock Exchange's Sci-Tech Innovation Board on June 9, 2023 under the stock code 688472. In the IPO, CSI Solar issued 541,058,824 shares, representing 15% of 3,607,058,824 shares outstanding immediately after the IPO. In addition, CSI Solar has granted the principal underwriter of the IPO a 30-day option to purchase up to an additional 81,158,500 shares of CSI Solar to cover over-allotments, if any. The total shares issued by CSI Solar will be 622,217,324, representing approximately 17% of 3,688,217,324 shares outstanding after the IPO, assuming that the over-allotment option is exercised in full. The shares were issued at a public offering price of RMB11.10 per share and the total gross proceeds of the IPO are approximately RMB6.0B, approximately $850M. Immediately after the IPO, Canadian Solar owns approximately 64% of CSI Solar, assuming the over-allotment option is not exercised, or approximately 62% of CSI Solar, assuming that the over-allotment option is exercised in full. The shares of CSI Solar will not be and have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements
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QSG | Hot Stocks07:06 EDT QuantaSing board authorizes $20M share repurchase program - QuantaSing Group announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to $20M of its Class A ordinary shares in the form of American depositary shares during a twelve-month period commencing on June 9, 2023.
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RNLX | Hot Stocks07:05 EDT Renalytix expects cash to fund operating plan for at least next 12 months - Th company said, "To date, we have primarily financed our operations through equity and debt financings. As of March 31, 2023, we had cash and cash equivalents of $33.0 million. We believe that our cash and cash equivalents of $33.0 million as of March 31, 2023, will enable us to fund our current operating plan for at least the next 12 months. Such expectation is based, in part, on the achievement of certain assumed revenue; however, there is no guarantee we will achieve this amount of revenue during the time period we assume. Management assesses that various operating cost mitigation options are available to the Company if needed. We have based this estimate on assumptions that may prove to be wrong, and we could use our available capital resources sooner than we currently expect."
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IMOS | Hot Stocks07:03 EDT ChipMOS reports May revenue $59.7M, down 23.5% y/y - Revenue for the month of May 2023 was $59.7M, representing an increase of 0.7% from April 2023, and a decrease of 23.5% from May 2022.
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TK | Hot Stocks07:01 EDT Teekay Corp. announces new $25M share repurchase program - Teekay Corporation announced that the company has repurchased 4.40M common shares for a total of $25M under its previously-announced $30M share repurchase program, which equates to an average price of $5.67 per share. Since August 2022, Teekay has repurchased a total of 10.87M common shares, or 10.7% of the outstanding common shares immediately prior to commencement of the initial share repurchase plan announced in August 2022, for a total cost of $55M, representing an average repurchase price of $5.06 per share. In addition, the company's Board of Directors has authorized a new share repurchase program for the repurchase of up to $25M of the company's outstanding common shares.
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PIFYF | Hot Stocks07:01 EDT OTC Markets Group welcomes Pine Cliff Energy to OTCQX - OTC Markets Group announced Pine Cliff Energy has qualified to trade on the OTCQX Best Market. Pine Cliff Energy Ltd. upgraded to OTCQX from the Pink market.
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AZN | Hot Stocks06:43 EDT AstraZeneca announces Treg cell therapy agreement with Quell Therapeutics - AstraZeneca has entered into a collaboration, exclusive option and license agreement with Quell Therapeutics to develop multiple engineered T-regulator, or Treg, cell therapies that have the potential to be curative in Type 1 Diabetes, or T1D, and Inflammatory Bowel Disease, or IBD, indications. Under the terms of the agreement, Quell's proprietary toolbox of Treg cell engineering modules, including its innovative Foxp3 Phenotype Lock will be leveraged to develop autologous multi-modular Treg cell therapy candidates for major autoimmune disease indications. AstraZeneca will have the option to further development and commercialisation of successful clinical candidates in T1D and IBD. Quell will receive $85M upfront from AstraZeneca, which comprises a predominant cash payment and an equity investment. Quell is also eligible to receive over $2B for further development and commercialization milestones, if successful, plus tiered royalties. In addition, Quell retains an option, which can be exercised either after approval of an Investigational New Drug application or at the end of the Phase I/II clinical study, to co-develop Treg cell therapies from the T1D program with AstraZeneca in the United States in exchange for additional milestone payments and increased royalties on U.S. net sales. Mene Pangalos, Executive Vice President, BioPharmaceuticals R&D at AstraZeneca, said: "This is a very exciting collaboration with Quell as we look to expand our next-generation therapeutic toolbox and explore the untapped potential with Treg cell therapies in autoimmune indications. This is aligned with our strategy to target underlying disease drivers to stop or slow disease progression and ultimately accelerate the delivery of transformative care to patients with chronic autoimmune conditions."
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AZN | Hot Stocks06:40 EDT AstraZeneca reports danicopan met primary endpoint in Phase 3 ALPHA trial - Results from the pivotal Phase III ALPHA trial showed that investigational, first-in-class oral Factor D inhibitor danicopan as add-on to standard of care C5 inhibitor therapy Ultomiris or Soliris demonstrated a statistically significant and clinically meaningful increase in haemoglobin levels and maintained disease control in patients with paroxysmal nocturnal haemoglobinuria, or PNH, who experience clinically significant extravascular haemolysis, or EVH, compared to placebo plus established C5 inhibitor therapy, AstraZeneca reported. At the prespecified interim analysis for the ALPHA trial - occurring after 63 study participants either completed or discontinued from the primary treatment period of 12 weeks - danicopan met the primary efficacy endpoint. In patients managing PNH with Ultomiris or Soliris, add-on treatment with danicopan was superior to placebo plus Ultomiris or Soliris based on change in haemoglobin from baseline to week 12, reported as least squares mean change from baseline and standard error of the mean. Further, significant improvements in haemoglobin were observed with danicopan by week 2 and maintained through week 12. All key secondary endpoints also met statistical superiority in favour of danicopan plus Ultomiris or Soliris, compared to placebo plus C5 inhibition. Results showed significantly more patients treated with danicopan 59.5% versus placebo 0% experienced an improvement in haemoglobin of greater than or equal to2 g/dL at week 12 in the absence of transfusion. Gianluca Pirozzi, Senior Vice President, Head of Development, Regulatory and Safety, Alexion, said: "As a leader in PNH for decades, Alexion has transformed the treatment landscape by developing the first approved medicine for this rare disease and establishing C5 complement inhibition as standard of care. These promising results presented at the EHA Annual Meeting underscore the potential for targeted Factor D inhibition with danicopan as an add-on to Ultomiris or Soliris to address clinically significant EVH while allowing patients to maintain disease control with established C5 complement inhibitors."
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DAVA | Hot Stocks06:34 EDT Endava acquires DEK, terms not disclosed - Endava announced the acquisition of DEK Corporation Pty Ltd, DEK Technologies Sweden AB and DEK Vietnam Company Ltd, a multinational firm that develops cutting-edge software and hardware solutions across a range of applications, including embedded systems, real-time solutions, telecoms and data communications.
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HUT... | Hot Stocks06:34 EDT Hut 8 Mining mined 147 Bitcoin in May - Hut 8 Mining mined 147 Bitcoin in the period ending May 31. Overall, 179 Bitcoin were sold in May for proceeds totaling $6.8M. Total balance of unencumbered Bitcoin held in reserve as of May 31 is 9,233.
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AZZ VLO | Hot Stocks06:32 EDT AZZ Inc. appoints Tiffany Moseley as chief accounting officer - AZZ Inc. (AZZ) announced the appointment of Tiffany Moseley as chief accounting officer of AZZ effective immediately. Prior to joining AZZ, Moseley, served as VP, business risk management at Valero (VLO).
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APCX | Hot Stocks06:04 EDT AppTech Payments signs partnership, channel partner agreements with Broadnet - AppTech Payments announced the execution of definitive Strategic Partnership and Channel Partner Agreements with Broadnet Technologies, a business messaging solutions company. Broadnet has over 60,000 customers internationally, making the company an ideal partner to penetrate the U.S. marketplace for Text-to-Pay, 2-way SMS and a suite of SMS tools. The Partnership will strengthen AppTech's sales and distribution efforts and expand the company's market share domestically by enabling AppTech to offer competitive SMS rates and innovative new solutions. In addition, the Partnership will allow AppTech to embed its Text-to-Pay solution into Broadnet's Easy Paperless solution. Easy Paperless enables businesses to print, scan, and send documents to a mobile phone by SMS link.
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KROS | Hot Stocks06:01 EDT Keros Therapeutics reports additional results from KER-050 program - Keros Therapeutics announced that it presented additional data from its ongoing Phase 2 clinical trial of KER-050 in patients with very low-, low-, or intermediate-risk myelodysplastic syndromes, as well as preclinical data showing the potential of a research form of KER-050 to restore erythropoiesis in an animal model of myelofibrosis, at the 28th Annual Congress of the European Hematology Association, held in person and virtually June 8 through 15, 2023. In addition, Keros announced preclinical data evaluating activin receptor-like kinase-2 inhibition, as well as its combination with RKER-050, as potential treatment options for anemia of inflammation. "We are pleased to present additional data from our ongoing Phase 2 clinical trial of KER-050 in MDS patients at EHA this year, which demonstrated durable hematological responses with longer-term treatment in a broad, lower-risk MDS patient population, including those with high transfusion burden," said Jasbir Seehra, Ph.D., President and CEO of Keros. "Additionally, we are excited to announce that we have recently expanded this trial to include two cohorts of MDS patients with iron overload, which will enable us to further explore the potential of KER-050 to reduce iron overload and improve iron utilization in MDS patients. Separately, we believe that we will have sufficient data from this trial at the end of this year that will allow us to begin the process of engaging with regulators on the design of a Phase 3 clinical trial."
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TSP | Hot Stocks05:30 EDT TuSimple awarded fully driverless test license by Pudong New Area of Shanghai - TuSimple announced it has been awarded a fully driverless test license by the Pudong New Area of Shanghai in China. TuSimple is among the first batch of companies to be awarded, thus enabling the company to conduct SAE Level 4 fully autonomous Driver Out testing in the designated test areas of Yangshan Deep-water Port and Donghai Bridge. Shanghai is also set to become the first city in China to pass legislation to allow Level 4 fully driverless testing of autonomous trucks.
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ALPMY | Hot Stocks05:26 EDT Astellas Pharma submits NDA to Japan MHLW for zolbetuximab - Astellas Pharma announced the submission of a new drug application, or NDA, on June 9 to Japan's Ministry of Health, Labour and Welfare, or MHLW, for zolbetuximab, an investigational Claudin 18.2-targeted monoclonal antibody, for first-line treatment of patients with locally advanced unresectable or metastatic HER2-negative gastric or gastroesophageal junction adenocarcinoma whose tumors are CLDN18.2-positive. If approved, zolbetuximab would be the first CLDN18.2-targeted therapy available in Japan for these patients.
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ASX | Hot Stocks05:22 EDT ASE Technology reports May revenue $1.51B, down 17.3% - Reports May ATM revenue $856M.
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GMAB ABBV | Hot Stocks05:19 EDT Genmab announces data from 1/2 EPCORE NHL-2 trial - Genmab (GMAB) announced data from its ongoing phase 1/2 EPCORE NHL-2 trial investigating epcoritamab, a T-cell engaging bispecific antibody administered subcutaneously, in combination with rituximab-lenalidomide showed an overall response rate, or ORR, of 98% and complete metabolic response, or CMR, of 87% in response evaluable patients with relapsed or refractory follicular lymphoma, or FL. These preliminary results will be presented during an oral presentation at the 2023 European Hematology Association, or EHA, Congress, being held in Frankfurt, Germany and virtually, June 8-11. Epcoritamab is being co-developed by Genmab and AbbVie (ABBV) as part of the companies' oncology collaboration. Additional findings from the study observed consistent ORR and CMR across high-risk subgroups, including a 98% ORR and a 75% CMR in patients whose disease progressed within 24 months, a 95% ORR and 75.7% CMR in patients who were double refractory, a 100% ORR and 83.8% CMR in patients who were primary refractory and a 96% ORR and 80.9% CMR in patients refractory to prior anti-CD20 treatment. Median time to any response and CMR was 1.4 months. Estimated nine-month progression-free survival was 85%. Among the 111 patients in the safety analysis, the most common treatment emergent adverse events were neutropenia and cytokine release syndrome, injection-site reactions and fatigue. CRS events were mostly low grade and mostly occurred following the first full dose. All events resolved and none led to treatment discontinuation. Immune effector cell-associated neurotoxicity syndrome occurred in two patients and resolved. Results from this study were also presented at this year's American Society of Clinical Oncology Meeting on June 6.
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VRTX CRSP | Hot Stocks05:13 EDT Vertex, Crispr announce both exagamglogene autotemcel trials met endpoints - Vertex Pharmaceuticals (VRTX) and Crispr Therapeutics (CRSP) announced that both pivotal trials for exagamglogene autotemcel in patients with transfusion-dependent beta thalassemia, or TDT, or severe sickle cell disease, or SCD, met primary and key secondary endpoints at pre-specified interim analyses. The results are being presented at the Annual European Hematology Association, or EHA, Congress. Both CLIMB-111 and CLIMB-121 met their primary endpoint and key secondary endpoint at the pre-specified interim analysis for each trial. These analyses evaluated the efficacy and safety of exa-cel in patients with TDT or SCD in the ongoing Phase 3 trials as well as in the long-term follow up trial CLIMB-131. The data shared are from 83 patients dosed with exa-cel with follow-up up to 43.7 months. All patients treated with exa-cel demonstrated clinical benefit, and these data continue to demonstrate the potentially transformative profile of exa-cel. Of the 35 patients with SCD who had received exa-cel at the time of the analysis, 17 patients were evaluable for the primary and key secondary endpoint at the time of the data cut. Overall, 16/17 achieved the primary endpoint of freedom from vaso-occlusive crises for at least 12 consecutive months. Mean duration of VOC-free was 18.7 months, with a maximum of 36.5 months. 17/17 achieved the key secondary endpoint of being free from hospitalizations related to VOCs for at least 12 consecutive months. The one patient who did not achieve VF12 did achieve HF12 and has a complex set of comorbidities, including a history of chronic pain. One patient who achieved VF12 had a VOC 22.8 months following exa-cel infusion in the setting of a parvovirus infection. This patient has since fully recovered from the infection and been VOC-free. Increases in fetal hemoglobin and total hemoglobin occurred early, within the first few months, and were maintained over time. In the analysis of all patients who received exa-cel, mean fetal hemoglobin was more than 30% of total hemoglobin by Month 3 and was then maintained at approximately 40.0% through follow-up, with pancellular distribution. Mean proportion of edited BCL11A alleles was stable over time in bone marrow and peripheral blood, indicating successful permanent editing in the long-term hematopoietic stem cells. The safety profile of exa-cel was generally consistent with myeloablative conditioning with busulfan and autologous hematopoietic stem cell transplant. All patients engrafted neutrophils and platelets after exa-cel infusion. As previously reported, two TDT patients had serious adverse events, or SAEs, considered related to exa-cel. One patient had three SAEs considered related to exa-cel: hemophagocytic lymphohistiocytosis, acute respiratory distress syndrome and headache, and one SAE of idiopathic pneumonia syndrome that was considered related to both exa-cel and busulfan. All four SAEs occurred in the context of HLH in the peri-engraftment period and have resolved. One patient had SAEs of delayed neutrophil engraftment and thrombocytopenia, both of which were considered related to exa-cel and busulfan, and both SAEs have resolved. Among the 35 patients with SCD, there were no SAEs considered related to exa-cel. Also as previously reported, one adult patient with SCD developed pneumonia and respiratory failure following SARS-CoV-2 infection, resulting in death. The investigator assessed the events as not related to exa-cel. There were no other deaths or discontinuations, and there have been no malignancies in either study. Patients also had clinically significant improvements in patient-reported outcomes.
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RH | Hot Stocks05:04 EDT RH announces opening of RH England - RH announced the opening of RH England, The Gallery at the Historic Aynho Park, a 400-year-old landmark estate. RH England marks the beginning of the retailer's expansion and its foray into hospitality with three primary restaurants: The Orangery, a live-fire concept; The Loggia, an outdoor venue featuring wood-fired pizzas; and The Conservatory, an American bistro, opening later this fall. The Gallery also includes a Wine Lounge and Tea Salon as well as a Juicery,.
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