Streetbeat News

Partnerships

ALBT

Avalon GloboCare Corp. (NASDAQ:ALBT) has updated its commercial strategy, focusing on acquiring and operating revenue-generating laboratories and commercialized products. The company has acquired a 40% interest in Laboratory Services MSO, LLC (LSM), which generated $14.7 million in revenue and $6.3 million in net income in 2022. Avalon also secured exclusive distribution rights for the KetoAir™ breathalyzer device in North America, South America, the U.K., and the European Union. The company is also working on joint patent filings with the Massachusetts Institute of Technology (MIT).

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 1:13 pm

ACST

Acasti Pharma has announced that WuXi Clinical will conduct the STRIVE-ON Phase 3 safety trial for GTX-104 in aSAH patients. The trial aims to evaluate the safety and tolerability of GTX-104 compared to oral nimodipine.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 1:08 pm

JNJ

NBTX

Nanobiotix S.A. (NASDAQ:NBTX) has entered into a license agreement with Janssen Pharmaceutical, a subsidiary of Johnson & Johnson (NYSE:JNJ), for the global co-development and commercialization of NBTXR3. Nanobiotix will receive cash and operational support valued at up to $60 million, including a licensing fee of $30 million. The company is also eligible for success-based payments of up to $1.8 billion and will receive royalties following commercialization.

Portfolio Pulse from Adam Eckert

July 10, 2023 | 1:00 pm

ALPP

MOB

NBTX

Mobilicom has secured a commercial scale purchase order from a U.S. Tier-1 Manufacturer for initial production of drones for the U.S. DOD. Nanobiotix has announced a license agreement for worldwide co-development and commercialization of potential first-in-class radioenhancer NBTXR3. Alpine 4 Holdings subsidiary, Vayu Aerospace Corporation, has received its first $5.25M purchase order from its $100M supply agreement with U.S Government Contractor, All American Contracting Solutions.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 12:50 pm

VUZI

Vuzix Corporation, a supplier of Smart Glasses and Augmented Reality (AR) technology, has received an OEM purchase order for engineering services and waveguide and display engine products from a US-based company. This order is the first Vuzix has received from this company and is intended for a customized head mounted display solution for multi-discipline applications.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 12:46 pm

GE

Godrej Aerospace is planning to pitch for manufacturing modules of General Electric's (NYSE:GE) GE414 engines. The company plans to invest $30.26 million to build a facility for advanced manufacturing and assembly. The deal's modalities are still being finalized. This comes after GE Aerospace signed an MOU with Hindustan Aeronautics Limited to produce fighter jet engines for the Indian Air Force.

Portfolio Pulse from Nabaparna Bhattacharya

July 10, 2023 | 12:36 pm

SP

SP Plus Corporation (NASDAQ:SP) has been awarded a five-year contract extension with its long-term parking client McCormick Place in Chicago. The company has implemented several enhancements over the years, including digital reservation technology and parking equipment improvements, which have significantly improved the financial performance of the parking operations.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 12:30 pm

IPAR

Inter Parfums, Inc. (NASDAQ GS: IPAR) has announced an exclusive worldwide fragrance license for the Roberto Cavalli brand, effective from July 6, 2023. The Cavalli fragrance business will be managed by Interparfums Italia, a wholly owned subsidiary of Inter Parfums. The company plans to modernize and elevate the fragrance portfolio, with brand extensions planned for 2024 and a new women's scent in 2025.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 12:15 pm

GOEV

Canoo Technologies (NASDAQ:GOEV) has announced an expansion of its partnership with the U.S. Department of Defense's Defense Innovation Unit (DIU) to further develop a high-power battery pack. The partnership expansion follows successful testing and analysis of Canoo's patented technology. Canoo's proprietary battery system is modular and offers industry-leading performance features, supporting various military applications and configurations. The company also has a battery module manufacturing facility at MidAmerica Industrial Park in Pryor, Oklahoma, which will create over 200 advanced manufacturing jobs.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 12:12 pm

ALPP

NBTX

NEON

TIVC

Several stocks experienced significant movement in pre-market trading. Notable gainers include Nanobiotix S.A. (NBTX), which surged 59.3% after entering a license agreement with Janssen Pharmaceutical, and Alpine 4 Holdings, Inc. (ALPP), which gained 29.2% after its subsidiary received a $5.25m purchase order from a U.S. Government contractor. On the other hand, Neonode Inc. (NEON) and Tivic Health Systems, Inc. (TIVC) were among the biggest losers, falling 30.4% and 23.3% respectively.

Portfolio Pulse from Lisa Levin

July 10, 2023 | 12:11 pm