Streetbeat News

Partnerships

SGN

Signing Day Sports, Inc (NYSE:SGN) reported a significant increase in the number of paid subscribers for its Signing Day Sports app, with a more than five-fold increase in 2023 and a 20% sequential monthly growth in January 2024. The growth is attributed to partnerships with organizations like the U.S. Army Bowl and Elite Development Program Soccer, which facilitated bulk registrations. The U.S. Army Bowl National Combine Series is expected to introduce the app to over 4,000 student-athletes, with about half of the free trials historically converting to paid subscriptions. SGN shares closed up 5.88% at $0.72.

Portfolio Pulse from Anusuya Lahiri

January 29, 2024 | 1:45 pm

ELMD

Electromed, Inc. has entered into a distribution agreement with Marathon Medical Corp. The financial terms of the deal have not been disclosed to the public.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:44 pm

ASND

Ascendis Pharma has partnered with Frazier Life Sciences to form and launch a new company, Eyconis, Inc. This strategic move aims to leverage Ascendis Pharma's expertise in the development of innovative therapies.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:43 pm

DDD

WeAreAM has integrated the 3D Systems DMP Flex 350 Dual into its manufacturing workflow, enhancing speed and flexibility for its customers, including Gruppo Grazioli. This addition is part of WeAreAM's new Center of Excellence initiative.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:43 pm

RNAZ

TransCode Therapeutics has entered into a collaboration with Debiopharm to co-develop targeted nucleic acid therapeutics for cancer, leveraging TransCode's TTX delivery platform and Debiopharm's expertise in targeted drug delivery. Financial terms of the collaboration were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:40 pm

KAVL

Kaival Brands' partner Bidi Vapor is challenging the FDA's denial of its Premarket Tobacco Product Application (PMTA) for its 'Classic' tobacco-flavored electronic nicotine delivery systems (ENDS). The FDA's decision is a significant setback for Bidi Vapor, as the 'Classic' flavor is a key product in its lineup. Bidi Vapor believes that the FDA's decision is not in line with the public health objectives and is contesting the denial to potentially reverse the decision.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:18 pm

SNY

Synthekine has entered into a collaboration with Sanofi to develop selective IL-10 agonists for the treatment of inflammatory diseases. Synthekine will receive an upfront payment of $40 million and is eligible for additional milestone payments and tiered royalties on net sales.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:09 pm

HOOK

HOOKIPA Pharma is refocusing its business priorities to advance the clinical development of HB-200 for HPV16+ head and neck cancers and to continue its infectious disease programs in partnership with Gilead. The company will regain global development rights to the HB-700 program for KRAS-mutated cancers from Roche but remains eligible for a milestone payment upon IND submission. To reduce costs, HOOKIPA will reduce its workforce by approximately 30%. Despite these changes, HOOKIPA reports a strong cash position of $117.5 million as of the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:05 pm

AMZN

EBAY

WKSP

WMT

Worksport is expanding its B2B dealer network across the US and Canada, aiming to enhance its presence on major online platforms including Amazon, eBay, and Walmart. This expansion is expected to increase the company's market reach and accessibility to consumers.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:04 pm

MSFT

SONY

Sony Group Corporation has invested in African gaming startup Carry1st to expand its gaming presence in Africa. Carry1st, based in Cape Town, South Africa, is expected to collaborate with Sony on commercial opportunities. The investment aligns with Sony's strategy to broaden PlayStation's gaming experiences across various platforms, including PC, mobile, and cloud. The African gaming industry is projected to exceed $1 billion by 2024, and Carry1st is developing original mobile games for the African market. This move comes as global gaming companies are increasingly focusing on Africa, highlighted by Microsoft's acquisition of Activision Blizzard.

Portfolio Pulse from Benzinga Neuro

January 29, 2024 | 12:54 pm