Streetbeat News

Products Services

SCLX

Scilex Holding Company has filed a New Drug Submission in Canada for ELYXYB, an FDA-approved oral solution for acute migraine treatment. The Canadian migraine market is estimated to reach $400 million by 2025. ELYXYB offers fast pain relief and aligns with clinicians' needs for safe alternatives to triptan therapy. Approval in Canada is expected within 12 months. Scilex aims to redefine the role of opioids in pain management with this non-opioid product.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 4:01 pm

IINN

Inspira Technologies' stock is up following the announcement of 95% accuracy results for its HYLA Blood Sensor. The company also intends to submit the product for FDA clearance in 2024.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 4:00 pm

AMGN

The FDA has issued a Complete Response Letter to Amgen Inc (NASDAQ:AMGN) for full approval of Lumakras, a drug for KRAS G12C-mutated non-small cell lung cancer (NSCLC). Doubts were raised by FDA advisers in October about the primary goal of the late-stage study. The FDA requires an additional study to be completed by February 2028 for full approval. Lumakras received accelerated approval in May 2021 and has been used by over 15,000 patients globally. Amgen's shares dropped slightly by 0.45% to $282.89.

Portfolio Pulse from Vandana Singh

December 26, 2023 | 3:45 pm

CVRX

CVRx, Inc. has received FDA approval for expanded labeling of its Barostim device, leading to a rise in its stock price.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 3:38 pm

IINN

Inspira Technologies OXY BHN Ltd (NASDAQ:IINN) announced that its HYLA Blood Sensor has achieved 95% accuracy compared to standard blood gas analyzers. The sensor offers continuous, real-time blood monitoring, eliminating the need for intermittent blood draws. It is designed to be non-invasive and compatible with various medical procedures. The technology is expected to allow Inspira to enter the disposables market and is engineered to complement existing medical devices. The company is also planning to offer a standalone variant of the Blood Sensor. Following the news, IINN shares surged by 73% to $2.05.

Portfolio Pulse from Vandana Singh

December 26, 2023 | 3:37 pm

INTC

Intel Corp (NASDAQ:INTC) stock is trading higher after reports that Israel will grant the company $3.2 billion to build a new $25 billion chip plant. The Israeli government's grant aims to support Intel's expansion, which is part of its strategy to strengthen the global supply chain. Intel has also pledged to spend 60 billion shekels ($16.6 billion) with Israeli suppliers over the next decade, and the new plant is expected to create thousands of jobs. Construction has begun, with the plant set to open in 2027 and operate until 2035. Intel shares rose 2.21% to $49.06.

Portfolio Pulse from Adam Eckert

December 26, 2023 | 2:56 pm

NIO

NIO Inc (NYSE:NIO) shares rose after unveiling the new ET9 smart EV model, entering the luxury EV segment. The ET9 features ultra-fast charging, premium battery swapping, and first-class comfort, targeting high-end business users. Pre-orders are open in China with deliveries expected in Q1 2025. Nio also launched fourth-generation power swap stations, reducing swap time by 22%, and a new liquid-cooled charger. The company achieved its goal of 1,000 power swap stations in 2023 and plans to add another 1,000 stations and 20,000 chargers in 2024.

Portfolio Pulse from Adam Eckert

December 26, 2023 | 2:50 pm

EPOW

Sunrise New Energy's subsidiary, Sunrise New Energy Materials Co, received preliminary approval for a sodium-ion battery hard carbon composite material patent from the National Intellectual Property Office. The patent, titled 'Fiber-Structured Titanium-Doped Amorphous Carbon Coated Silver Hard Carbon Composite Material and the Preparation Method,' is documented under number 2023121501155630 and relates to sodium-ion battery material preparation.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 2:30 pm

AULT

Ault Alliance, Inc. (AMEX:AULT) projects FY24 gross consolidated revenue of $230M-$240M, driven by growth at Sentinum, Inc., including data center operations and Bitcoin mining. The company has cleared its $38.5M senior secured debt and plans to start operations at a new Montana data center in January 2024, which will house 20 megawatts of initial capacity. This move aims to enhance profitability and cash flow by transitioning Bitcoin mining operations in-house. Ault Alliance's crane rental business, Circle 8 Crane Services, also contributes to the revenue forecast. AULT shares rose 8.92% premarket to $0.089.

Portfolio Pulse from Nabaparna Bhattacharya

December 26, 2023 | 2:29 pm

DDC

DayDayCook (DDC) has agreed to acquire Yai's Thai, a leading Thai American ready-to-eat food brand. The acquisition, financed through cash and stock, aims to expand DDC's U.S. presence. Yai's Thai expects revenues of $8M-$10M in 2023 and is sold in over 4,500 stores. The deal is subject to customary closing conditions and should complete by year-end. Both companies share values like natural ingredients and Asian cooking culture promotion.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 2:18 pm