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Sanofi SA has announced a collaboration with OpenAI and Formation Bio to accelerate AI-driven drug development. This partnership will combine data, software, and AI models to create custom solutions for the drug development lifecycle. OpenAI will provide AI capabilities and expertise, while Formation Bio will contribute engineering resources and its tech-driven development platform. This collaboration aims to set a new standard in drug development. Additionally, Moderna and Microsoft-backed OpenAI have an ongoing collaboration to co-innovate, with Moderna achieving significant internal adoption of its AI tool, mChat.

Portfolio Pulse from Vandana Singh

May 21, 2024 | 12:24 pm

PVCT

Provectus Biopharmaceuticals presented non-clinical data on their rose bengal sodium (RBS) for treating full-thickness cutaneous wounds at the SID 2024 Annual Meeting. The data shows that RBS accelerates wound closure and improves healing.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:24 pm

VRNOF

The New Jersey cannabis market, particularly the pre-roll segment, has seen significant growth, with sales reaching $25.5 million in the last quarter of 2023. Verano Holdings Corp (OTC:VRNOF) leads the market with a 21% share. The market is projected to grow further, despite regulatory challenges.

Portfolio Pulse from Abbey Higginbotham

May 21, 2024 | 12:21 pm

BIGC

L'azurde Company for Jewelry has launched a new composable commerce website on BigCommerce's platform, resulting in doubled conversion rates and significant improvements in sales growth, uptime, and site stability.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:20 pm

ALGS

Aligos Therapeutics has completed enrollment in the Phase 2a HERALD study for ALG-055009, targeting metabolic dysfunction-associated steatohepatitis (MASH). Topline data is expected in early Q4 2024, with Dr. Rohit Loomba serving as Principal Investigator.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:20 pm

AXTA

Solera and Axalta have announced a strategic partnership to integrate Axalta's refinish paint systems into Solera's Sustainable Estimatics platform. This will allow Axalta customers to accurately calculate CO2 emissions per vehicle repair.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:19 pm

BLNK

Blink Charging has been selected by BYD Dealership Group, Grupo Fame, to provide EV charging services at select locations. This partnership aims to enhance the EV infrastructure and support the growing demand for electric vehicles.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:18 pm

NA

Nano Labs has launched its new product, the Cuckoo3.0 chip, which boasts significant improvements in performance and energy efficiency.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:16 pm

NA

Nano Labs Ltd (NASDAQ:NA) has launched its latest Cuckoo3.0 chip, which offers significant improvements in performance and energy efficiency over its predecessor. The chip will be integrated into the company's next-generation V series products, enhancing their capabilities in the Web3.0 industry.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:15 pm

MA

V

Visa Inc. (NYSE:V) and Mastercard Inc. (NYSE:MA) are under scrutiny by the UK's Payment Systems Regulator (PSR) for increasing fees on retailers without corresponding service improvements. The PSR's provisional findings indicate a lack of competition in the market, leading to significant fee hikes over the past five years. The PSR has suggested several remedies for public consultation, with a final report expected in the last quarter of the year.

Portfolio Pulse from Shivani Kumaresan

May 21, 2024 | 12:15 pm