Streetbeat News

Partnerships

PXMD

PaxMedica, Inc. (NASDAQ:PXMD) has signed an exclusive pharmacy distribution agreement with Vox Nova LLC for its lead pipeline asset, PAX-101. PaxMedica is a biopharmaceutical company focused on developing novel anti-purinergic drug therapies for Autism Spectrum Disorder (ASD) and other neurological conditions.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 12:01 pm

STSS

Sharps Technology, Inc. (NASDAQ: STSS and STSSW), a medical device and drug delivery company, has been featured in Med Tech Outlook as the 'Top Safety Syringe Manufacturer in 2023'. The company is advancing its products from research and development to commercial sales, expected to launch in 2023. The article also highlights Sharps' partnership with Nephron Pharmaceuticals and its next-generation polymer-based prefillable syringe systems.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 11:53 am

BABA

MSFT

NVDA

Alibaba Group Holding Limited (NYSE:BABA) is partnering with Zhejiang province to develop artificial intelligence and the digital economy. The collaboration aims to create a better business environment for platform-economy firms and encourage innovations in AI. Alibaba is integrating its large language model across its business lines to improve user experience. Nvidia Corp (NASDAQ:NVDA) and Microsoft Corp (NASDAQ:MSFT) highlighted the benefits of generative AI during an Alibaba summit in June.

Portfolio Pulse from Anusuya Lahiri

July 06, 2023 | 11:52 am

EADSY

RTX

Airbus SE has signed a memorandum of understanding with Mexican airline Viva Aerobus for 90 A321neo aircraft. The planes will be powered by Pratt & Whitney GTF engines, a unit of Raytheon Technologies Corporation. The order is expected to be delivered by 2027. The financial terms were not disclosed.

Portfolio Pulse from Nabaparna Bhattacharya

July 06, 2023 | 11:41 am

VBIV

VBI Vaccines Inc has expanded its hepatitis B partnership with Brii Biosciences. Brii Bio has acquired a worldwide exclusive license for VBI-2601 and an exclusive license for PreHevbri in the Asia Pacific region from VBI. Brii Bio will pay VBI an upfront payment of $15 million, including an equity investment of approximately $3 million, contingent on achieving near-term milestones. VBI is also eligible to receive up to an additional $422 million in potential regulatory and commercial milestone payments and double-digit royalties in the licensed territories worldwide for VBI-2601 and APAC, excluding Japan, for PreHevbri. VBIV shares are down 28.50% at $1.73 during the premarket session on the last check Thursday.

Portfolio Pulse from Vandana Singh

July 06, 2023 | 11:38 am

GENI

Genius Sports Ltd (NYSE:GENI) has extended its strategic deal with The National Football League (NFL) to remain the exclusive distributor of NFL's official live game data and Next Gen Stats feeds to global media and betting markets until the end of the 2027-28 season. The deal also includes the right to distribute NFL Watch & Bet low latency live game video feeds to sportsbooks internationally. GENI's shares are trading higher by 12.7% at $6.55 premarket.

Portfolio Pulse from Lekha Gupta

July 06, 2023 | 11:25 am

GENI

Genius Sports has agreed to a multi-year extension of its partnership with the National Football League, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 11:23 am

VEEV

Veeva Systems has partnered with St. Cloud State University to provide medtech clinical research students with hands-on technology training. This partnership aims to equip students with practical skills and knowledge in the medtech industry.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 11:07 am

GXO

GXO Logistics is planning to expand its partnership with UK home improvement and garden living retailer B&Q. The multi-year agreement is part of B&Q’s strategy to optimize and transform its supply chain. A new facility in the North East of England will be established, featuring nearly 37,000 pallet spaces and employing over 100 people during peak times.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 11:04 am

FIS

FIS and Worldpay are planning to enter into commercial agreements that will allow Worldpay to continue accessing and reselling FIS products to its clients. FIS will also retain access to Worldpay's portfolio of commercial clients to resell its embedded finance offerings.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 10:57 am