Streetbeat News

Partnerships

CMPS

Compass Pathways has entered into a research collaboration agreement with Hackensack Meridian Health to develop a clinical model for its investigational COMP360 psilocybin treatment, pending FDA approval.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:17 pm

STLA

SIXT and Stellantis have announced a multi-billion euro agreement for SIXT to purchase up to 250,000 Stellantis vehicles by 2026 for its rental fleet in Europe and North America. The deal includes a variety of vehicle classes and propulsion types, including battery electric vehicles (BEVs), and aligns with both companies' decarbonization strategies. Deliveries will start in Q1 2024. The partnership also explores cooperation in data services and aims to enhance customer experience with connected vehicles and streamlined rental processes. Stellantis aims for a 100% BEV sales mix in Europe and 50% in the US by 2030, while SIXT targets a 70-90% electrified fleet in Europe by 2030.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:12 pm

SLGG

Super League (NASDAQ: SLE) reported a record preliminary Q4 revenue of approximately $9.4 million, a 32% increase YoY, and annual revenues of about $25.0 million. The company anticipates profitability in 2024, backed by a record contract and pipeline expansion. Super League's CEO Ann Hand highlighted the company's growth, streamlined operations, and success in immersive 3D experiences on platforms like Roblox, Minecraft, and Fortnite. The company served almost 100 brands in 2023, with significant engagement and media coverage. Super League aims to transition from short-term campaigns to larger, recurring deals with notable clients like Visa, Disney, and Wal-Mart. The company raised $24.8 million and secured a $4.0 million accounts receivable facility, improving its balance sheet for future growth.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:07 pm

STLA

SIXT and Stellantis have entered into a multi-billion euro agreement for SIXT to purchase up to 250,000 vehicles over the next three years for its rental fleet in Europe and North America. Significant deliveries will start in the first quarter of 2024.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:04 pm

BIOR

Biora Therapeutics, Inc. (NASDAQ:BIOR) provided guidance on anticipated milestones for 2024, including the phase 1 study of BT-600, part of the NaviCap platform, aimed at treating ulcerative colitis (UC). The company expects initial phase 1 data in 2-3 months, with a potential phase 1B study in UC patients and a 56-day GLP tox study planned for the second half of 2024. Biora also highlighted progress with its BioJet platform, with ongoing preclinical data generation and potential expansion of pharma collaborations. The NaviCap platform is designed for targeted delivery of therapeutics to the GI tract, and the BioJet platform is for oral delivery of large molecules.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:02 pm

BX

Blackstone Inc. (NYSE: BX) is planning to double its private equity team in Singapore within two years to capitalize on increasing deal opportunities in Southeast Asia. The expansion aims to bring Blackstone closer to its investor base in the region. The company is focusing on sectors such as technology, healthcare, consumer, financial services, and value-added industrial, targeting deals as small as $150 million. This move is part of a broader shift by financial investors away from China due to geopolitical tensions and a slow economic recovery.

Portfolio Pulse from Lekha Gupta

January 16, 2024 | 12:58 pm

DPRO

Draganfly Inc. has entered into an agreement with Mass General Brigham to pilot a drone delivery service for its Home Hospital patients. The service aims to enhance patient care by providing efficient delivery of essential supplies, medicines, and laboratory work, reducing traffic-related delays and overcoming traditional transportation challenges in the Boston metro area. Financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 12:18 pm

SEAT

Vivid Seats has partnered with Stockperks to offer rewards to its loyal shareholders, aiming to increase retail ownership. The partnership will provide shareholders with unique experiences and offers, potentially enhancing shareholder value and engagement.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 12:08 pm

JBI

Janus International Group is expanding its collaboration with Trojan Storage to install its Nokē smart locks across Trojan's 43 facilities. The partnership has already brought the Nokē smart technology to 5,000 units in nine facilities.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 11:57 am

BANL

Banle Energy International Limited, a subsidiary of CBL International Limited (NASDAQ:BANL), has provided bunkering services for BYD's first car carrier, BYD Explorer 1, in China. This support is significant as BYD, now the world's largest EV manufacturer, surpassing Tesla, embarks on its maiden voyage to export automobiles to Europe.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 11:38 am