Streetbeat News

Partnerships

DRMAW

Dermata Therapeutics, Inc. (NASDAQ:DRMAW) saw its shares surge in after-hours trading following the announcement of a new patent issued in Japan for its DMT410 program, aimed at treating hyperhidrosis. The patent marks the first for DMT410 and leverages Dermata's Spongilla technology for topical delivery of botulinum toxin. The company's CEO highlighted the patent's validation of the novel concept and potential treatment opportunities for various forms of hyperhidrosis. Shares of Dermata increased by 96.7% to $1.20 in after-hours trading.

Portfolio Pulse from Ryan Gustafson

January 04, 2024 | 10:31 pm

BLK

The SEC has been in discussions with firms seeking approval for a spot Bitcoin ETF, focusing on the redemption model, handling of hard forks, and disclosure of authorized participants. Grayscale Investments and BlackRock Inc. (NYSE:BLK) have been urged by the SEC to adopt a cash redemption model, with Grayscale amending its S-3 form to comply. The SEC also wants issuers to disclose authorized participants, with BlackRock naming Jane Street Capital and JPMorgan Securities LLC. Firms have reached a consensus on handling hard forks, with Grayscale stating its ETF would not receive tokens from hard forks or airdrops. Meetings with major exchanges have fueled speculation about the approval of a spot Bitcoin ETF.

Portfolio Pulse from Murtuza Merchant

January 04, 2024 | 10:26 pm

CMCSA

Snoop Dogg has been announced as NBCUniversal's Special Correspondent for the Olympic Games Paris 2024. Owned by Comcast Corp (NASDAQ:CMCSA), NBCUniversal will feature Snoop Dogg's unique perspective during primetime coverage. Snoop's previous commentary roles, including the 2021 Olympics in Tokyo, have been well-received. The article also discusses the World Anti-Doping Agency's (WADA) recent policy change, raising the THC testing threshold from 15 ng/mL to 150 ng/mL, following the ban of Sha'Carri Richardson from the Tokyo Olympics for cannabis use. Research indicates that marijuana does not enhance sports performance.

Portfolio Pulse from Maureen Meehan

January 04, 2024 | 10:24 pm

V

Visa Inc (NYSE:V) has announced the launch of its Web3 Loyalty Engagement Solution, aimed at transforming customer engagement through innovative digital experiences. The platform enables brands to offer gamified giveaways, augmented reality treasure hunts, and unique digital collectibles as rewards. Visa's research indicates a consumer preference for real-world and personalized experiences. The solution is powered by SmartMedia Technologies, allowing brands to create customized experiences and offers with a digital wallet feature for various sectors.

Portfolio Pulse from Murtuza Merchant

January 04, 2024 | 9:36 pm

ALLO

Allogene Therapeutics has partnered with Foresight Diagnostics to develop an MRD-based in-vitro diagnostic for use in the ALPHA3 trial, which is aimed at frontline consolidation in large B-cell lymphoma. The partnership will leverage Foresight's ultra-sensitive MRD technology to identify suitable patients for enrollment in the trial.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 9:18 pm

PSN

Parsons Corporation has partnered with the Port of Oakland, Advent eModal, Mobile Programming, and other key stakeholders to launch the Freight Intelligent Transportation System (FITS) at the Port of Oakland. This system aims to enhance the efficiency of freight movement and improve traffic management.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 9:14 pm

RPTX

Debiopharm and Repare Therapeutics have announced a partnership to conduct a clinical study exploring a new combination therapy for cancer treatment. The study will focus on the combined effect of Debio 0123, a WEE1 inhibitor by Debiopharm, and lunresertib, a PKMYT1 inhibitor developed by Repare Therapeutics.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 9:11 pm

GLPG

TMO

Galapagos has entered into a strategic collaboration with Thermo Fisher Scientific to expand its decentralized CAR-T manufacturing network in the US. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 9:08 pm

TACT

TransAct Technologies Incorporated has received approval from an unnamed Quick Service Restaurant (QSR) to sell its BOHA! Terminal 2 in the US domestic market. This approval could lead to increased sales and market penetration for TransAct's product.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 9:07 pm

KOPN

Kopin Corporation and MICLEDI Microdisplays have entered into an agreement to collaborate on the design, development, and manufacturing of advanced microLED displays. This partnership aims to leverage both companies' expertise in their respective fields to enhance the capabilities and applications of microLED technology.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 9:02 pm