Streetbeat News

Partnerships

SCLX

VRPX

Scilex Pharmaceuticals Inc. has entered into a term sheet with Virpax Pharmaceuticals, Inc. for a mutual release and settlement agreement. This development could indicate a resolution of prior disputes or litigations between the two companies, potentially clearing the way for future collaborations or smoother operations.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:54 pm

AL

BA

Air Lease Corporation (AL) has entered into long-term lease agreements with Thai Airways International for three new Boeing 787-9 aircraft, set to be delivered in 2025. These aircraft, part of ALC's order book with Boeing (BA), will be used by Thai Airways to enhance its global network, including flights to Europe, Australia, and Intra-Asia. This deal marks the beginning of a partnership between ALC and Thai Airways, aimed at modernizing the airline's fleet and improving passenger experience.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:53 pm

NOVA

Sunnova Energy International Inc. (NOVA) announced the appointment of Paul Mathews as Executive Vice President, Chief Operating Officer, effective immediately. Mathews, who joined Sunnova in January 2023, has significantly improved customer service and operational efficiencies, leading to a substantial reduction in service backlog and customer complaints. His prior experience includes nearly two decades at UPS in various leadership roles. As COO, Mathews will lead multiple teams focusing on enhancing service delivery, operational leverage, and efficiencies.

Portfolio Pulse from Happy Mohamed

February 26, 2024 | 9:40 pm

LAAC

Lithium Americas (Argentina) Corp. (NYSE:LAAC) announced the appointment of Sam Pigott as the new President and CEO, effective March 18, 2024. Pigott, succeeding John Kanellitsas, brings extensive experience from his roles in Ganfeng Lithium and as Chairman of the Shareholder Committee at Minera Exar. His appointment is seen as a strategic move to lead Lithium Argentina through its next phase of growth, particularly with the Caucharí-Olaroz project.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:29 pm

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