Streetbeat News

Partnerships

CDXS

Codexis, a leading enzyme engineering company, has entered into an exclusive licensing agreement with Roche, a global pioneer in pharmaceuticals and diagnostics, for the development of a novel double-stranded DNA ligase. This partnership aims to leverage Codexis' proprietary technology to enhance Roche's capabilities in diagnostics and pharmaceutical development.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:10 pm

FORM

FormFactor, Inc. (NASDAQ:FORM) has completed the sale of its Suzhou and Shanghai companies to Grand Junction Semiconductor Pte. Ltd. (GJS) for $25M in cash. This transaction, part of a long-term partnership including an exclusive distribution agreement in China, aims to adjust FormFactor's operational strategy in the region due to declining revenues from export controls. The partnership is expected to enhance FormFactor's ability to serve the domestic China market.

Portfolio Pulse from Happy Mohamed

February 26, 2024 | 9:09 pm

SSKN

STRATA Skin Sciences, Inc. (SSKN) announced the successful amendment of its credit agreement with MidCap Financial, enhancing liquidity and financial flexibility. The amendment removes minimum revenue requirements for 2023 and introduces future financial covenants, aligning with STRATA's business projections. This move is seen as a positive step towards supporting STRATA's operational and capital needs, enabling the execution of strategic initiatives.

Portfolio Pulse from Happy Mohamed

February 26, 2024 | 9:07 pm

AZN

FGEN

FibroGen and AstraZeneca have mutually agreed to terminate their collaboration agreement on Roxadustat, which was initially entered into on July 30, 2013. As a result, FibroGen regains all rights to Roxadustat in the United States and other AstraZeneca territories, with the exception of China and South Korea.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:06 pm

NWBI

Northwest Bancshares, Inc. (NASDAQ:NWBI) announced Douglas M. Schosser as the new Chief Financial Officer, effective March 18, 2024. Schosser, with extensive experience including roles at Key Corporation Bank and Victory Capital Management, will replace William W. Harvey, Jr. and work alongside him through 2024 for a smooth transition. Schosser's appointment is part of Northwest Bank's ongoing transformation, emphasizing investments in digital and commercial growth while maintaining its foundational strength and stability.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:04 pm

LSCC

Lattice Semiconductor (NASDAQ:LSCC) announced updates to its Lattice ORAN solution stack, introducing integrated 5G small cell capabilities with low power and flexible bridging for next-gen wireless infrastructure. The updates include a new 5G datapath reference design and enhancements like PCIe to JESD interface bridging, aimed at accelerating the deployment of secure, adaptable ORAN systems. These developments are set to be showcased at Mobile World Congress Barcelona 2024.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:01 pm

U.S. Steel, in a statement to Reuters, mentioned that the company and Nippon have signed a non-disclosure agreement. However, U.S. Steel emphasized that this is not considered a significant development.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 8:29 pm

ACON

AGTI

AKLI

LUNR

PPC

TRNR

VERO

Pilgrim's Pride Corporation (NASDAQ:PPC) reported better-than-expected Q4 results with a 9.7% year-over-year sales growth to $4.528 billion and an adjusted EPS of 59 cents. Akili, Inc. (NASDAQ:AKLI) shares surged 116% after positive ADHD treatment trial results. Interactive Strength Inc. (NASDAQ:TRNR) rose 41% on a distribution deal with WOODWAY. Agiliti, Inc. (NYSE:AGTI) gained 29% after announcing a private acquisition by THL Partners. Aclarion, Inc. (NASDAQ:ACON), Intuitive Machines, Inc. (NASDAQ:LUNR), and Venus Concept Inc. (NASDAQ:VERO) saw significant share price drops due to various challenges.

Portfolio Pulse from Avi Kapoor

February 26, 2024 | 7:30 pm

United Steelworkers have signed a Non-Disclosure Agreement (NDA) with Nippon Steel to advance talks, potentially indicating a significant partnership or development between the two entities.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 7:28 pm

ACON

AKLI

FRPT

HOLO

VERO

ZVSA

Freshpet, Inc. (NASDAQ:FRPT) shares surged 15.5% after reporting Q4 earnings and sales above estimates. Other stocks also moved significantly in Monday's mid-day session, with notable gainers including Akili, Inc. (NASDAQ:AKLI), ZyVersa Therapeutics, Inc. (NASDAQ:ZVSA), and MicroCloud Hologram Inc. (NASDAQ:HOLO), among others. Losers included Aclarion, Inc. (NASDAQ:ACON) and Venus Concept Inc. (NASDAQ:VERO).

Portfolio Pulse from Avi Kapoor

February 26, 2024 | 6:57 pm