Streetbeat News

Partnerships

NRIX

SGEN

Nurix Therapeutics has announced a collaboration with Seagen to develop a portfolio of degrader-antibody conjugates. Nurix will receive a $60M upfront payment and has the potential to earn $3.4B in milestones, plus royalties.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 11:06 am

GIII

HBI

Hanesbrands and G-III Apparel have entered into a strategic multi-year license agreement for the design, production, and distribution of outerwear for the Champion and C9 Champion brands in North America.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 11:04 am

SCTL

Societal CDMO, Inc. (SCTL) has announced new project expansion agreements with several existing customers. The six new scopes of work across four different current customers highlight Societal's ability to drive revenue growth through the ongoing strengthening and maturation of existing relationships.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 11:03 am

ASXC

NVDA

Asensus Surgical, Inc. (ASXC) has announced a collaboration with NVIDIA (NVDA) to accelerate the development of Asensus's Intelligent Surgical Unit (ISU) and improve its ability to deliver novel clinical intelligence to surgeons.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 11:00 am

KKR

KKR, a global investment firm, is investing approximately $750m in Zenobē, a leader in transport electrification and battery storage solutions. The investment aims to accelerate the global decarbonisation of diesel fleets and provide essential grid services. Infracapital, the infrastructure equity investment arm of M&G Plc and current majority shareholder, will also invest alongside KKR, with both becoming joint majority shareholders.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 10:06 am

UBER

Uber has announced an expanded partnership with the National Football League (NFL). The details of the expansion were not provided in the article.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 10:03 am

NSTG

NanoString Technologies, Inc. (NASDAQ:NSTG) has announced three new partnerships with Contract Research Organizations (CRO) Macrogen, Propath UK, and Sirona Dx. These partnerships will provide global biopharma customers with new access to CosMx™ SMI technology for translational drug development.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 10:02 am

TSEM

Tower Semiconductor (NASDAQ/TASE: TSEM) and InnoLight Technology have announced a collaboration to develop multi-generation high-speed optical transceivers based on Tower's Silicon Photonics process platform. The partnership is expected to support the growing demands of AI, datacenters, and next-generation telecom networks. The silicon photonic die market is projected to grow at 22% CAGR, reaching nearly half-a-billion dollars by 2027.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 10:01 am

KTB

Los Angeles-based fashion brand STAUD is partnering with Kontoor Brands, Inc. (NYSE:KTB) owned jeanswear brand Wrangler for a new collection. The collaboration will blend modern California denim aesthetic with an authentic Western lifestyle. The limited STAUD + Wrangler collection is available online and in STAUD stores, with prices ranging from 120 - 365 euros. In August, Kontoor Brands reported Q2 sales of $616.01 million and an adjusted EPS of $0.77, beating the consensus of $0.66.

Portfolio Pulse from Shivani Kumaresan

September 07, 2023 | 9:48 am

NIO

PSNY

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) and Nio Inc (NYSE:NIO) are both planning to launch smartphones. Polestar's device, developed in partnership with Xingji Meizu, will be launched in China in December. Nio's phone will be launched in late September. Both companies aim to enhance the experience for their vehicle users with these devices.

Portfolio Pulse from Anan Ashraf

September 07, 2023 | 8:34 am