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Partnerships

COYA

Coya Therapeutics reported a significant improvement in its FY23 financial results with EPS improving to $(0.79) from $(4.73) YoY. The company also highlighted a collaboration revenue of $6M and an increase in cash and cash equivalents to $32.6 million. A notable part of their income includes a $7.5 million upfront payment from Dr. Reddy's for the COYA 302 licensing arrangement. R&D expenses rose to $5.5 million, primarily due to increased preclinical and internal R&D expenses, while G&A expenses increased to $7.8 million due to higher personnel and professional fees. The net loss narrowed to $8.0 million from $12.2 million YoY.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:19 pm

CLPT

ClearPoint Neuro, Inc. (CLPT) congratulates its partner PTC Therapeutics on the completion of a Biologics License Application (BLA) submission to the FDA for Upstaza, a treatment for AADC Deficiency. If approved, Upstaza would be the first therapy for this condition in the U.S. AADC Deficiency is a rare, fatal genetic disorder causing severe disability from birth. ClearPoint's SmartFlow Cannula, used in delivering gene therapies to the brain, has been sold over 7,000 times and is part of their partnership with PTC Therapeutics.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:17 pm

NVEI

Nuvei Corporation (NASDAQ:NVEI) has partnered with Charles & Keith to enhance the fashion brand's eCommerce payments globally. Through Nuvei's technology, Charles & Keith can now offer a wider range of payment methods, tailored to local preferences in Southeast Asia, Europe, and the US, including digital wallets like Apple Pay and Google Pay. This partnership aims to optimize checkout experiences and has already contributed to double-digit eCommerce revenue growth for Charles & Keith.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:17 pm

NVDA

At GTC 2024, Nvidia Corp (NASDAQ:NVDA) unveiled its next-generation Blackwell GPU and B200 chipset, showcasing significant advancements in AI, data center acceleration, and networking infrastructure. Despite these announcements, NVDA's stock saw a modest increase of 0.70% on the day, with a 1.42% dip in post-market trading. JPMorgan analyst Harlan Sur reiterated an Overweight rating on NVDA, with a price target of $850, highlighting Nvidia's strong positioning in AI, high-performance computing, gaming, and autonomous vehicles. Sur emphasized Nvidia's technological leadership and expansion into the humanoid robots market, maintaining a positive investment outlook.

Portfolio Pulse from Surbhi Jain

March 19, 2024 | 12:15 pm

IONQ

IonQ (NYSE:IONQ) has entered a strategic agreement with South Carolina Quantum (SC Quantum) to advance quantum computing in South Carolina. This partnership aims to provide quantum computing capabilities and professional services to SC Quantum partners, including academic institutions. It will also focus on developing quantum-specific academic coursework and accelerating the introduction of quantum technologies across various sectors in South Carolina. This move is part of a broader effort by states like Maryland and Washington to enhance quantum computing skills and infrastructure. IonQ's recent activities also include opening the first dedicated quantum manufacturing facility in the U.S. and establishing international partnerships to promote quantum computing globally.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:14 pm

MDAI

Spectral AI, Inc. (NASDAQ:MDAI) has received a $1 million investment from an affiliate of its largest shareholder for its subsidiary Spectral IP, Inc., focusing on intellectual property in the AI ecosystem. The investment aims to enhance Spectral AI's position in the AI and healthcare sectors by developing or acquiring IP. Spectral IP will work on advancing IP through acquisitions, partnerships, and collaborations to accelerate innovation and expand market reach.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:13 pm

GDHG

Golden Heaven Group Holdings Ltd. (GDHG), a NASDAQ-listed amusement park operator in China, announced a collaboration agreement with Zigong City Dragon Culture & Arts Co. Ltd. to lease land and property for hosting various outdoor activities. The agreement, effective from March 11, 2024, to March 10, 2025, involves a lease payment of RMB 8.73 million to Golden Heaven, payable quarterly. This collaboration aims to diversify visitor experiences, optimize property management, and is expected to increase visitor flow and operational revenues.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:12 pm

ORCL

The Administrative Office of the U.S. Courts has selected Oracle as one of four Cloud Service Providers for a 10-year, $100 million initiative aimed at modernizing its IT operations. This agreement allows the U.S. Courts to utilize Oracle Cloud Infrastructure (OCI) services and Oracle Cloud VMware Solution (OCVS) to enhance IT efficiency. Oracle's cloud is designed for interoperability, high performance, and cost-effectiveness, supporting a wide range of public sector organizations with advanced security and AI capabilities.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:10 pm

GOOG

MSFT

NUE

Google LLC, Microsoft Corporation, and Nucor Corporation announced a collaboration to aggregate demand for advanced clean electricity technologies to accelerate the development of early-stage commercial projects. They aim to address the financing challenges of these technologies by developing new business models, issuing RFIs for potential projects, and working on pilot projects in the US. This initiative is expected to reduce technology costs through repeated deployment and support the decarbonization of electricity systems worldwide.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:09 pm

ARCH

Arch Resources, Inc. (NYSE:ARCH) announced the appointment of George J. Schuller Jr. as Senior Vice President and Chief Operating Officer. Schuller, with over 30 years of experience in the global mining industry, including roles at Compass Minerals and Peabody Energy, is expected to enhance Arch's operational capabilities and sustainability efforts. His leadership is seen as pivotal for leveraging Arch's high-quality coking coal assets.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:08 pm