Streetbeat News

Partnerships

DARE

OGN

Daré Bioscience (NASDAQ:DARE) is preparing for the commercial launch of XACIATO, a treatment for bacterial vaginosis, in collaboration with Organon (NYSE:OGN). Organon will pay Daré $1 million in July 2023 and $1.8 million upon the first commercial sale of XACIATO. Daré received a $10 million upfront payment from Organon in 2022 and is eligible for additional milestone payments of up to $180 million and tiered double-digit royalties based on net sales.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:15 pm

BIG

Big Lots, Inc. (NYSE:BIG) has entered into a $318M sale and leaseback agreement with Blue Owl Capital for its distribution center in Apple Valley, CA, and 26 owned store locations. The transaction is expected to close within 45 days. The company plans to use the net proceeds to pay down its synthetic lease on the Apple Valley distribution center and to pay down debt on its asset-based lending revolving credit facility.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:11 pm

SCWO

374Water Inc. (NASDAQ:SCWO) has formed a strategic partnership with The Environmental Group Limited (EGL) to combat PFAS contamination in Australia and New Zealand. EGL will act as an exclusive distributor for 374Water's AirSCWO technology throughout Australia and New Zealand. The collaboration is set to kick off with an initial order for an AirSCWO 6 system.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:09 pm

PSTX

Poseida Therapeutics, Inc. (NASDAQ:PSTX) has received FDA clearance for its Investigational New Drug (IND) application for P-CD19CD20-ALLO1, a dual CAR-T cell therapy for B-cell malignancies. This is the first FDA IND clearance of an allogeneic dual CAR-T therapy targeting CD19 and CD20. The therapy is being developed in partnership with Roche and will be evaluated in a Phase 1 study involving up to 70 adult patients.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:06 pm

AMZN

BTGOF

HSBC

JPM

TOSBF

TOSYY

HSBC Holdings is testing an advanced data-security system run by BT Group, Amazon's AWS cloud, and Toshiba Corp. The quantum essential distribution type of cyber defense could help protect trillions of dollars of transactions from hackers. The trial involves the bank sending test data between its headquarters and a data center. In 2022, JP Morgan Chase acknowledged demonstrating the ability of the newly developed QKD network to instantly detect and defend against eavesdroppers.

Portfolio Pulse from Anusuya Lahiri

July 05, 2023 | 11:51 am

BMY

EVO

EVOTF

SNY

Evotec SE's subsidiary, Just - Evotec Biologics Inc, has been awarded a contract worth up to $74 million by the U.S. Department of Defense for the development of monoclonal antibody-based drug product prototypes targeting orthopoxviruses. The contract includes discovery activities and the execution of Phase 1 first-in-human trials. This follows a previous contract awarded in September 2022 for developing antibodies against plague. Additionally, Evotec has ongoing partnerships with Sanofi SA's Sandoz and Bristol Myers Squibb Co.

Portfolio Pulse from Vandana Singh

July 05, 2023 | 11:45 am

EWG

INTC

Germany's Finance Minister Olaf Scholz has stated that Intel's investment in the country is a positive sign that companies are looking to expand semiconductor production in Germany.

Portfolio Pulse from Charles Gross

July 05, 2023 | 11:28 am

CMPS

HTGC

Compass Pathways has secured a term loan agreement with Hercules Capital for up to $50M to support its COMP360 Phase 3 program in treatment-resistant depression. The initial data is expected in the summer of 2024. COMPASS drew an initial $30 million at closing on June 30, 2023, with an additional $20 million available in two tranches of up to $10 million each.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 11:06 am

APO

RNECF

RNECY

WOLF

Wolfspeed Inc's shares are trading higher by around 15% after it disclosed a 10-year silicon carbide wafer supply deal with Renesas Electronics Corporation. The deal includes a $2 billion deposit by Renesas and will support the adoption of silicon carbide across automotive, industrial, and energy markets. The deposit is expected to aid Wolfspeed's ongoing capacity construction projects, such as creating the world's largest silicon carbide materials factory in North Carolina.

Portfolio Pulse from Lekha Gupta

July 05, 2023 | 10:56 am

THNPF

THNPY

Technip Energies NV has won a project management consultancy contract from Aramco for the master plan of the New Industrial City of Ras Al Khair region. The contract includes studies on the execution of the Liquid-to-Chemical Program to transform a significant part of its oil and gas production into valuable chemical products. The news led to a 1.77% increase in THNPF shares.

Portfolio Pulse from Lekha Gupta

July 05, 2023 | 10:42 am