Streetbeat News

Partnerships

IONS

Otsuka Pharmaceutical has obtained exclusive rights across the Asia-Pacific region for Ionis Pharmaceuticals' donidalorsen for hereditary angioedema. Ionis will receive a $20M upfront payment and milestone payments. Ionis will handle primary development, while Otsuka will manage territory-specific development, regulatory filings, and commercialization in the Asia-Pacific region and Europe.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 11:06 am

LQDT

Liquidity Services has partnered with Aaron Industrial Solutions and Binswanger to sell a turnkey medical device manufacturing plant. This collaboration aims to leverage the expertise of all three companies to maximize the value of the sale.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 10:51 am

PLUR

Pluri's majority-owned joint venture, Ever After Foods, has secured a $10 million strategic investment. This investment is expected to enhance Ever After Foods' growth and development.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 10:51 am

ASNS

Actelis Networks Inc. (NASDAQ:ASNS) shares surged over 110% in pre-market trading after announcing a partnership with Carahsoft to provide IoT connectivity solutions to U.S. Government Agencies. This partnership will expand Actelis' market reach through Carahsoft's reseller partners and contracts.

Portfolio Pulse from Benzinga Neuro

June 18, 2024 | 10:41 am

RKLB

Rocket Lab USA, Inc. (NASDAQ:RKLB) shares are trading higher in the premarket session following the announcement of a significant ten-launch agreement with Japanese Earth observation company Synspective. This deal, the largest in Rocket Lab's history, was unveiled in Tokyo and includes 10 dedicated launches planned for 2025-2027.

Portfolio Pulse from Nabaparna Bhattacharya

June 18, 2024 | 10:15 am

SQNS

Sequans Communications has announced a non-exclusive manufacturing licensing agreement for its Monarch 2 LTE-M/NB-IoT platform. The deal includes an initial payment of $15 million and potential for additional revenue in the future.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 10:05 am

KBR

KBR has secured a $46 million contract to support the Iraqi Government's infrastructure and future energy projects. The five-year contract involves providing advisory and consultancy services to the Ministry of Planning.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 10:02 am

ASNS

AWIN

CHGG

MBIO

NLSP

QMCO

Chegg, Inc. (NYSE:CHGG) shares surged 20.7% in pre-market trading following the announcement of a restructuring plan, including a 23% headcount reduction and a focus on international programs. Other notable pre-market movers include Actelis Networks, Inc. (NASDAQ:ASNS) up 112.2%, NLS Pharmaceutics AG (NASDAQ:NLSP) up 62.8%, and Mustang Bio, Inc. (NASDAQ:MBIO) up 46.7%. On the losing side, AERWINS Technologies Inc. (NASDAQ:AWIN) fell 48.8% and Quantum Corporation (NASDAQ:QMCO) dropped 38%.

Portfolio Pulse from Avi Kapoor

June 18, 2024 | 9:28 am

HTHIY

JCI

Hitachi is planning to sell its 40% stake in an air-conditioning joint venture with Johnson Controls.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 9:28 am

RKLB

Rocket Lab has signed a 10-launch deal with Japanese firm Synspective in Tokyo. This agreement is expected to enhance Rocket Lab's market position and revenue stream.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 8:49 am