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Partnerships

ALID

BBRRF

Blueberries Medical Corp. (OTC:BBRRF) announced a non-brokered private placement of 180,716,00 common shares at $0.0083 per share, raising approximately $1.99 million. The proceeds will repay debt and support general corporate purposes. The offering was led by Terraflos Inc., with plans to expand into Argentina, Mexico, and Brazil. Blueberries also has a joint venture with Allied Corp. (OTCQB:ALID) for the production of cannabis derivatives. Post-announcement, BBRRF shares rose 12.7451% to $0.0138.

Portfolio Pulse from Jelena Martinovic

January 02, 2024 | 4:10 pm

SNES

SenesTech shares have risen following the announcement of an expanded distribution agreement with Pesterminators, which now includes the deployment of Evolve and an extension of territory into the UAE.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 3:43 pm

NVS

VYGR

Voyager Therapeutics Inc (VYGR) stock soared after announcing a strategic collaboration and capsid license agreement with Novartis Pharma AG, a subsidiary of Novartis AG (NVS), for gene therapies targeting Huntington's disease and spinal muscular atrophy. Voyager will license its TRACER capsids to Novartis and receive $100 million upfront, including a $20 million equity purchase, with potential for $1.2 billion in milestones and royalties. Novartis will handle development and commercialization, while Voyager focuses on preclinical advancement. VYGR shares jumped 36% to $11.48.

Portfolio Pulse from Vandana Singh

January 02, 2024 | 2:50 pm

KSCP

Knightscope, Inc. (NASDAQ:KSCP) has received an order for 13 K1 Blue Light E-Phones from its Authorized Partner TS&L for installation at Georgia State University. This is part of a larger expected order of over 50 emergency communication devices for the university's downtown Atlanta campus. The K1 E-Phones are designed to provide reliable communication in emergencies, especially when cell service is unavailable or cell phone batteries are dead.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 2:40 pm

NIO

Regal Hotels International Holdings Ltd. and Cosmopolitan International Holdings Ltd. have signed a memorandum of cooperation with Saudi Arabia to develop up to 50 hotels in the Middle East, with an investment of up to $5 billion. The partnership aims to build 30 hotels in Saudi Arabia as part of the kingdom's efforts to diversify its economy away from oil. The companies will also establish an asset management platform to fund hotel-related projects. The Middle East is increasing investments in China and Hong Kong, with significant funds flowing into Chinese corporates from Middle Eastern states.

Portfolio Pulse from The Bamboo Works

January 02, 2024 | 2:34 pm

BETS

Bit Brother Limited (BETS) has entered into a consulting agreement with Cruxforce, LLC to locate a mining farm with sufficient power supply for their third site. This move comes as Bitcoin prices surged past $45,000 in December 2023, sparking investor interest. The company aims to enhance performance and expand market share in the cryptocurrency industry with a new site that can support up to 40MW power supply, which is critical for the operation of mining equipment.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 2:27 pm

DASH

DoorDash, Inc (NASDAQ:DASH) is expanding its global presence and diversifying its services beyond restaurant meal deliveries. The company acquired Finland's Wolt, extending its reach to 27 countries. With substantial free cash flow, DoorDash is investing in new markets, including retail and grocery delivery, partnering with companies like BJ's Wholesale Club and Dick's Sporting Goods. Despite industry challenges, DoorDash's Q3 revenue grew by 27% to $2.2 billion, and it holds a 59% market share in the U.S. restaurant delivery market. The company's stock is performing well, with plans for a $750 million stock buyback, although shares traded lower by 1.24% at $97.66 in the premarket.

Portfolio Pulse from Anusuya Lahiri

January 02, 2024 | 2:26 pm

CCLD

Kovo HealthTech Corporation, a company specializing in healthcare billing and coding services, has announced a partnership with CareCloud, a provider of cloud-based healthcare IT solutions. The partnership aims to integrate Kovo HealthTech's billing and coding services with CareCloud's electronic health records (EHR) platform. This collaboration is expected to enhance the efficiency and effectiveness of healthcare providers' operations by streamlining their billing processes and improving the management of patient records.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 2:03 pm

AZN

Allorion Therapeutics has entered into an agreement with AstraZeneca for the development and global commercialization of an EGFR L858R allosteric inhibitor, aimed at treating advanced EGFR-Mutant NSCLC. AstraZeneca has an exclusive option to license this inhibitor. Allorion could receive up to $40 million in upfront and near-term payments, over $500 million in milestone payments, and royalties on worldwide net sales.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 2:02 pm

SNES

SenesTech has announced an expansion of its distribution with Pesterminators to include the deployment of its product Evolve. This expansion also extends Pesterminators' territory into the United Arab Emirates (UAE).

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 2:02 pm