Streetbeat News

Partnerships

EVGN

GOOGL

Evogene Ltd. has announced a collaboration with Google Cloud to develop a generative AI foundation model for small molecule design, leveraging Evogene's expertise in computational biology and Google Cloud's AI capabilities. This partnership aims to innovate in drug development and sustainable crop protection.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:16 pm

BWA

BorgWarner has secured extensions on two transfer case contracts with a major North American OEM for upcoming vehicle launches. The company will supply Electro-Mechanical On-Demand (EMOD) and Electric Shift-on-the-Fly (ESOF) transfer cases for combustion and hybrid passenger truck platforms, with production starting in 2027 and 2028.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:14 pm

BWA

BorgWarner has secured three significant contracts for its High Voltage Coolant Heater (HVCH) technology in China, Korea, and Japan. These deals involve a Chinese OEM for a battery electric SUV, a Korean electric vehicle manufacturer for a new electric pick-up model, and a Japanese OEM, marking BorgWarner's entry into Japan's electric vehicle market.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:13 pm

LPCN

Lipocine Inc. has entered into a distribution and license agreement with SPC Korea to commercialize TLANDO in South Korea. Lipocine will receive upfront, regulatory, and sales milestone payments, as well as royalties on net sales.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:12 pm

FLGT

Fulgent Genetics has been awarded a five-year contract worth up to $99 million by the U.S. Department of Veterans Affairs to provide genetic testing services, including hereditary cancer and pharmacogenetic testing, to veterans.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:11 pm

ACN

Accenture has invested in 1910 Genetics through Accenture Ventures. The collaboration aims to enhance drug target identification and reduce costs in the biopharma industry.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:06 pm

BB

INTC

BlackBerry has announced an expansion of its collaboration with Intel, focusing on industrial automation. This partnership aims to enhance the integration of BlackBerry's QNX software with Intel's processors, potentially improving efficiency and performance in industrial applications.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:05 pm

ABBV

AbbVie and EvolveImmune Therapeutics have announced an option-to-license agreement. EvolveImmune will receive $65 million in upfront fees and equity investment from AbbVie. AbbVie could earn up to $1.4 billion in option fees and milestones.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:02 pm

CYN

Cyngn has received a signed letter of intent from a major automotive supplier to sell and deploy multiple DriveMod Tuggers in early 2025. This development indicates potential future revenue and growth opportunities for Cyngn.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 11:54 am

IP

SLVM

Sylvamo and International Paper have mutually agreed to terminate their supply agreement for uncoated freesheet, bristols, and specialty papers at the Georgetown, South Carolina mill. The termination will be effective on December 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 11:51 am