Streetbeat News

Partnerships

BAC

BWMN

Bowman has increased its borrowing capacity under its revolving credit facility from $50M to $70M. This move is part of Bowman's strategic growth initiative, and the company appreciates its long-standing partnership with Bank of America.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:06 pm

ORGN

TG

Origin Materials (NASDAQ:ORGN) and Terphane, part of Tredegar Corporation (NYSE:TG), have formed a strategic partnership to produce sustainable, high-performance bio-polymer films. Terphane has signed a multi-year capacity reservation agreement to purchase the advanced bio-polymer PEF from Origin for use in film applications. Origin's PEF is expected to be 100% plant-based, fully recyclable, and offer a significantly reduced carbon footprint.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:06 pm

MNMD

Mind Medicine (MindMed) Inc has entered into a license agreement with Catalent to access its proprietary Zydis orally disintegrating tablet (ODT) technology. The agreement grants MindMed exclusive rights to use the Zydis technology for the development of its lead product candidate MM-120 in the US, UK, and EU among other territories. MindMed is currently conducting a Phase 2b trial evaluating MM-120 for the treatment of generalized anxiety disorder with topline data expected in Q4 2023.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:02 pm

IONS

NVS

Ionis Pharmaceuticals has partnered with Novartis to discover, develop, and commercialize a novel medicine for Lipoprotein(a)-driven cardiovascular disease. Ionis will receive a $60M upfront payment. This expands their existing collaboration on the development and commercialization of pelacarsen, which Novartis is currently evaluating in a Phase 3 cardiovascular outcome study.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:01 pm

LH

Labcorp has entered into a strategic partnership with Tufts Medicine and will acquire its outreach laboratory business. The terms of the deal were not disclosed. This move will expand Labcorp's diagnostic testing and laboratory services in Eastern Massachusetts, aiming to increase access, affordability, and standardized testing.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:58 pm

AGIO

ALNY

Agios Pharmaceuticals has entered into an exclusive worldwide license agreement for Alnylam Pharmaceuticals' preclinical siRNA targeting TMPRSS6 for Polycythemia Vera. Agios will pay an upfront of $17.5M and up to $130M in milestone payments.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:52 pm

NKLA

Nikola Corporation has received over 200 sales orders for its Class 8 hydrogen fuel cell electric vehicles. The company's manufacturing facility in Coolidge, Arizona is now fully operational, with deliveries expected to commence later this year. Nikola's success is driven by incentives and partnerships, including the California Air Resources Board’s HVIP program and Canada’s iMHZEV Program. However, the company faces challenges, including skepticism from industry figures like Tesla’s Elon Musk.

Portfolio Pulse from Ramakrishnan M

August 04, 2023 | 12:43 pm

DOX

Amdocs (NASDAQ:DOX), a software and services provider for communications and media companies, has entered into a multi-year managed services agreement with Globe, a leading Telco and TechCo service provider in the Philippines. Amdocs will manage Globe's data lake platform, enabling the company to improve customer and employee experience, drive business growth, operational efficiencies, and product innovation.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 12:40 pm

DOX

Amdocs (NASDAQ:DOX) has implemented MAVOCO's IoT Connectivity Management Platform at Telkomsel, a leading service provider in Indonesia. This will enable Telkomsel to expand its range of IoT offerings for both consumer and enterprise customers. The project will increase business agility, enhance operational efficiency, and allow for faster time to market for new services.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 12:38 pm

HTOO

Fusion Fuel Green PLC has entered into a green hydrogen supply agreement with an undisclosed Spanish customer. The deal is expected to boost Fusion Fuel's revenues and strengthen its position in the green energy market.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:36 pm