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Partnerships

VRAX

Virax Biolabs shares rose following the extension of its exclusive distribution agreement with Cosmos Health to market Mpox using its PCR detection kits.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 12:41 pm

COSM

VRAX

Virax Biolabs has extended its exclusive distribution agreement with Cosmos Health to market Mpox virus real-time PCR detection kits. This partnership aims to enhance the availability of these kits, potentially impacting the market presence of both companies.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 12:38 pm

REE

REE Automotive has entered into an agreement with Motherson Group to manage sourcing and supply chain for REEcorner and REE P7 trucks. Additionally, REE has priced a $45.35 million registered direct offering.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 12:36 pm

CG

Carlyle Group has announced a strategic partnership with North Bridge ESG LLC to provide up to $1 billion in C-PACE financing. This collaboration aims to enhance the origination of commercial property assessed clean energy loans, leveraging Carlyle's expertise in real estate and asset-backed finance.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 12:35 pm

CYTO

Altamira Therapeutics has expanded its license and distribution agreement with Nuance Pharma for the Bentrio nasal spray. The agreement now includes seven additional countries in East and South East Asia, with a combined population of over 630 million. Nuance Pharma has already launched Bentrio in Hong Kong and is seeking marketing authorization in Mainland China.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 12:34 pm

VTR

Ventas has entered agreements with Kindred and ScionHealth concerning 23 long-term acute care hospitals. The lease term is set to mature on April 30, with an initial annualized cash contractual base rent of $80 million starting May 1, 2025. Rent will escalate annually by 2.75% through April 30, 2030.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 12:34 pm

KRNT

DO Apparel is expanding its digital production capabilities for custom sports jerseys by purchasing a second Kornit Atlas MAX POLY machine. This move enhances their ability to deliver on-demand, cost-effective sportswear for large sports organizations, marking a shift from traditional screen printing to digital production.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 12:32 pm

KRRO

Korro Bio's stock is rising following a collaboration announcement with Novo Nordisk to develop genetic medicines targeting cardiometabolic diseases.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 12:26 pm

TOVX

Theriva Biologics (NYSE:TOVX) has been awarded €2.28 million from the Spanish government's National Knowledge Transfer Program to support a collaboration with Universitat Autònoma de Barcelona. The funding will advance Theriva's suspension cell platform for manufacturing virus therapies.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 12:24 pm

INNV

InnovAge Holding Corp. (NASDAQ:INNV) has been selected as a research partner for a national study on preventing falls among seniors. This aligns with National PACE Awareness Month and Falls Prevention Month, highlighting InnovAge's role in reducing falls through proactive measures.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 12:21 pm