Streetbeat News

Partnerships

PALI

Palisade Bio, Inc. (NASDAQ:PALI) presented an overview of PALI-2108, a treatment for moderate-to-severe ulcerative colitis, at the IBD Innovate conference in Cambridge, MA. The presentation, given by the company's CEO and Chief Medical Officer, highlighted the drug's development, its unique positioning, and the pathway towards late-stage development. PALI-2108, a colon-specific PDE4 inhibitor prodrug, is advancing towards a Phase 1 clinical study by the end of the year, supported by a $500,000 funding agreement with Giiant from the US Crohn's and Colitis Foundation.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:16 pm

PRPH

ProPhase Labs, Inc. (NASDAQ:PRPH) is set to launch its BE-Smart test for esophageal cancer detection in H2 2024. The test aims to provide early and cost-effective detection of esophageal adenocarcinoma (EAC), targeting a market size of $7 billion to $14 billion. The company is collaborating with mProbe Inc. and institutions like the Mayo Clinic for validation studies. The BE-Smart test, developed over six years, uses sophisticated proteomics for early detection and risk stratification of EAC, a cancer with high mortality rates. ProPhase plans to submit documentation for Advanced Diagnostic Laboratory Test (ADLT) application and aims for commercial launch following CPT code approval.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:09 pm

GRRR

Gorilla Technology Group Inc. (NASDAQ:GRRR) and Thames Freeport have entered a strategic alliance to advance smart city innovations and foster trade partnerships. This collaboration aims to revolutionize Thames Freeport with advanced technological frameworks focusing on efficiency, security, and sustainability. The partnership will facilitate trade between Thames Freeport and countries like Egypt and Taiwan, integrate Gorilla Technology's solutions for operational efficiency, and leverage the Thames Freeport Investment Fund for innovation.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:06 pm

UNIT

Uniti Group Inc. (NASDAQ:UNIT) has announced a significant network expansion in Huntsville, Alabama, through a 20-year contract with a strategic hyperscale customer. The expansion will add approximately 70 route miles to support key data center locations and connect Huntsville to regional and national data center markets. This move is part of Uniti's lease-up strategy, leveraging the growing demand for AI applications and power availability in southeastern markets. Uniti plans to complete the fiber routes within the next two years, ultimately owning 190 route miles of infrastructure in Huntsville.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:02 pm

NCL

Northann Corp. (NYSE:NCL) has entered into a strategic cross-licensing agreement with I4F, a provider of patents and technologies for the flooring industry. This partnership aims to leverage both companies' strengths in digital printing technology to foster innovation and reduce manufacturing costs in the flooring industry. Northann Corp. plans to manufacture its 3D printing ecosystem with digital printing production lines in the United States, which is expected to significantly reduce production costs and strengthen its position in the industry.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:01 pm

PAR

ParTech has been chosen as the exclusive enterprise food management solution provider for Love's Travel Stops' extensive network through its PAR Data Central platform. This partnership aims to enhance operational efficiency and customer service across Love's Travel Stops.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 11:31 am

MRIN

Marin Software's stock price increased following the announcement of enhancements to its integration with Microsoft Advertising. This development is expected to improve the company's advertising capabilities and potentially its financial performance.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 11:25 am

AAPL

IQEPF

IQE, a British chip components manufacturer and key supplier to Apple Inc., forecasts its fiscal 2024 results to meet market expectations due to a strong order book fueled by the AI industry boom. The company, known for producing 'epi-wafers' used in various tech products including Apple's iPhones, anticipates continued improvement through 2024 despite global economic uncertainties. This outlook is supported by the company's return to profit in the second half of 2023 and the growing demand in the semiconductor industry. Apple's advancements in AI, including the launch of its ReALM AI model and upcoming AI strategy reveal at WWDC, are also highlighted as significant.

Portfolio Pulse from Ananya Gairola

April 10, 2024 | 11:22 am

XPEV

XPENG shares are trading higher following the announcement of a dealer partnership in Hong Kong and plans to enter Macau.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 11:18 am

NRDY

Marengo County School District has entered into a partnership with Nerdy's Varsity Tutors for Schools, aiming to enhance the learning resources available to students. This collaboration is designed to support the educational needs of students by providing them with access to additional tutoring and learning materials.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 11:16 am