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TEVA

Teva Pharmaceutical Industries has launched the first-ever generic version of Victoza in the U.S., expanding its complex generic medicine portfolio. The generic Victoza, a GLP-1 therapy, is indicated for improving glycemic control and reducing cardiovascular risks in type 2 diabetes patients.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 1:50 pm

ALNY

Alnylam Pharmaceuticals Inc (NASDAQ:ALNY) announced that its Phase 3 HELIOS-B study of vutrisiran for ATTR amyloidosis with cardiomyopathy (ATTR-CM) met its primary and secondary endpoints, showing significant reductions in mortality and cardiovascular events. The company plans to proceed with global regulatory submissions.

Portfolio Pulse from Vandana Singh

June 24, 2024 | 1:49 pm

KSCP

Knightscope has signed a contract with a Texas city to provide three K1 Blue Light Towers. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 1:41 pm

GTHX

G1 Therapeutics Inc (NASDAQ:GTHX) shares are trading lower after the company released topline results from its Phase 3 PRESERVE 2 trial for trilaciclib in metastatic Triple Negative Breast Cancer (TNBC). The study did not show a statistically significant treatment effect, leading to a 33.1% drop in GTHX shares. The company plans to wind down the trial, discontinue hiring for a 1L TNBC indication, and make targeted headcount reductions to achieve profitability by the second half of 2025.

Portfolio Pulse from Vandana Singh

June 24, 2024 | 1:40 pm

IDAI

Trust Stamp (NASDAQ:IDAI) has filed a provisional patent for a new methodology to detect injection attacks in biometric authentication processes, including those using deep fake images and videos.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 1:31 pm

WETH

Wetouch Technology's CEO Zongyi Lian has released a letter to shareholders highlighting the company's strong financial health, substantial cash reserves, and promising future. The company has $94.8 million in cash reserves, strong global partnerships, and innovative new products expected to yield over 50% profits compared to the first generation. The CEO believes the company is currently undervalued and is considering actions to ensure its true value is recognized in the market.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 1:31 pm

TMTC

TMT Acquisition's merger partner, eLong Power, has signed a $66 million contract for a 600MWh lithium battery storage system, with delivery expected by October 31, 2024. The business combination is anticipated to close in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 1:31 pm

GLD

Bank of America predicts gold prices could reach $3,000 per ounce within 12-18 months due to factors like Fed rate cuts, geopolitical tensions, and central bank purchases. Despite a decline in assets under management for physically backed ETFs like SPDR Gold Trust (GLD), investor demand for gold has surged, driven by private bar hoarding and central bank acquisitions.

Portfolio Pulse from Piero Cingari

June 24, 2024 | 1:28 pm

CDLR

Cadeler shares are trading higher after the company announced a contract to install 72 15MW wind turbines at Inch Cape Offshore Wind Farm.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 1:24 pm

CDLR

Cadeler announced a contract to install 72 15MW wind turbines at the Inch Cape Offshore Wind Farm, with the contract value expected to be between €114M and €130M.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 1:24 pm