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VSAT

Viasat and Safran have signed a Memorandum of Understanding (MoU) to promote the use of Viasat's Inrange rocket telemetry system among launch providers and spaceports. The collaboration aims to accelerate the adoption of the Inrange system, which is designed to enhance communication and data transmission during rocket launches.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 12:10 pm

AKTS

Akoustis Technologies has received significant orders for its Wi-Fi 6E filters, which will support a production ramp in the March quarter of 2024. This development indicates a growing demand for the company's advanced Wi-Fi solutions and may positively impact its financial performance.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 12:09 pm

SON

Sonoco (NYSE:SON) has announced a minimum 6% price increase for all converted paperboard products in the US and Canada, effective from February 1, 2024, due to rising costs of uncoated recycled paperboard (URB), their primary raw material.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 12:07 pm

ARQT

The FDA has approved Arcutis Biotherapeutics' Zoryve for seborrheic dermatitis in individuals nine years and older. Zoryve is a steroid-free foam and the first drug with a new mechanism of action for this condition in over 20 years. The STRATUM trial showed rapid disease clearance and significant itch relief. Arcutis plans to make Zoryve available by January 2024. The company also reported positive Phase 3 trial results for roflumilast cream in young children with atopic dermatitis. Following the news, ARQT shares rose 22.54% in premarket trading.

Portfolio Pulse from Vandana Singh

December 18, 2023 | 12:03 pm

MX

Magnachip Semiconductor has started full-scale mass production of its new 30V MXT LV MOSFETs, which are used in the electronic control units of electric power steering systems.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 11:58 am

ACM

AECOM, in a joint venture with Jacobs, has been appointed by Sunwater as the Engineering and Professional Services Partner to support the Queensland, Australia bulk water service provider. Sunwater, which delivers around 40 percent of Queensland's commercial water, will benefit from AECOM's collaboration in meeting current and future engineering and professional service demands.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 11:57 am

NRXP

NRx Pharmaceuticals has received FDA clearance for its Investigational New Drug (IND) application for NRX-101, a treatment for complicated urinary tract infections (UTIs). This regulatory milestone allows NRx Pharmaceuticals to proceed with clinical trials for NRX-101, potentially advancing the treatment options for patients with complicated UTIs.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 11:50 am

MRK

The European Commission has granted approval for Merck's Keytruda, in combination with chemotherapy, as a first-line treatment for advanced HER2-negative gastric or gastroesophageal junction (GEJ) adenocarcinoma in tumors expressing PD-L1, and for advanced biliary tract cancer. This approval expands the indications for Keytruda in the European market, potentially increasing its usage and sales.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 11:47 am

VFC

VF Corp reported on December 13 that it detected unauthorized activities on part of its IT systems, affecting its ability to fulfill orders despite consumers being able to place them on most of its brand e-commerce sites globally.

Portfolio Pulse from Charles Gross

December 18, 2023 | 11:42 am

ZOM

Zomedica has expanded the market opportunity for its Truforma Diagnostic Platform by launching three new assays for canine gastrointestinal disease diagnostics. The assays include tests for Canine Pancreatic Lipase (cPL), Cobalamin (B12), and Folate. The cPL cartridge is currently available for shipping, while the Cobalamin & Folate cartridge will be available around December 23, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 11:35 am