Streetbeat News

Partnerships

TNXP

The FDA has approved Tonix Pharmaceuticals' application for a Phase 2 trial of TNX-102 SL, aimed at reducing the severity of acute stress reactions and the frequency of acute stress disorder and PTSD. The trial is sponsored by UNC Institute for Trauma Recovery and supported by a $3 million DoD grant.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:17 pm

PPTA

Perpetua has been conditionally awarded up to $34.6 million in additional funding under its existing Technology Investment Agreement through Title III of the Defense Production Act. This funding aims to enhance Perpetua's capabilities and contribute to its growth.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:15 pm

DTIL

TGTX

Precision Biosciences (DTIL) has entered into an agreement with TG Therapeutics (TGTX) for the exclusive license of Azercabtagene Zapreleucel (azer-cel) for autoimmune diseases and other indications outside of cancer. Precision received an initial $7.5M, part of a total of $17.5M in upfront and near-term payments. The deal includes TG Therapeutics purchasing 2,920,816 shares of Precision common stock at $0.77 per share.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:07 pm

PFE

Saama and Pfizer have expanded their partnership with a multi-year agreement to integrate AI-driven data solutions across Pfizer's R&D portfolio. This agreement builds on their 2020 collaboration which resulted in the development of Smart Data Quality (SDQ), aimed at accelerating clinical research by streamlining data review processes.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:04 pm

TRMB

Trimble has provided its financial guidance for FY24, expecting revenue between $3.57B and $3.67B, below the estimated $3.84B. Adjusted EPS is forecasted at $2.60-$2.80, around the $2.72 estimate. For Q1 2024, revenue is expected to be between $905M-$935M, below the $977.07M estimate, with adjusted EPS of $0.57-$0.62, under the $0.67 estimate. Both forecasts assume the closure of a joint venture with AGCO in Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:02 pm

BMR

NVDA

Beamr Imaging announced its collaboration with NVIDIA to present joint research on automated video modernization at the ACM Mile-High-Video 2024 Conference. This partnership highlights the integration of Beamr's technology with NVIDIA's advanced computing platforms to enhance video processing capabilities.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:01 pm

BRTX

PRCH

VANI

Insiders at Porch Group, Vivani Medical, and BioRestorative Therapies have recently made significant stock purchases. Porch Group's collaboration with Aon brought in $25 million upfront. Vivani Medical reported a wider-than-expected quarterly loss, and BioRestorative Therapies announced a private placement for $8.1 million in gross proceeds. These insider transactions may indicate confidence in the companies' future prospects.

Portfolio Pulse from Avi Kapoor

February 12, 2024 | 11:19 am

SGML

Sigma Lithium has received a letter of intention for a project finance credit line from the Development Bank of Brazil to be used for the expansion of its Quintuple Zero Green Lithium Grota do Cirilo project.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 11:14 am

UL

Unilever's CEO is reportedly making a strategic shift in the company's direction with the support of Nelson Peltz, a notable activist investor. This move is seen as a significant change in strategy for Unilever, aiming to enhance growth and shareholder value.

Portfolio Pulse from Charles Gross

February 12, 2024 | 9:51 am

UCAR

U Power is advancing its shared battery swapping solution for EVs, entering a market validation phase before planning to deploy over 200 stations in Chinese provinces like Shandong, Anhui, and Shanxi. Their technology supports both two- and four-wheeled EVs with a uniform battery pack system, facilitating easy swaps at the same stations.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:50 am