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VALN

Valneva SE (NASDAQ:VALN) will present on the mosquito-borne chikungunya disease at several leading scientific conferences during Q4 2023. The presentations will cover various aspects of the disease, including its global threat, economic burden, and potential vaccination strategies. The global market for vaccines against chikungunya is estimated to exceed $500 million annually by 2032.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 3:46 pm

BIRK

CROX

DECK

NKE

German shoemaker Birkenstock Holding Plc (NYSE:BIRK) is set to debut on the NYSE after pricing its IPO at $46 per share, targeting a valuation of approximately $8.6 billion. The company plans to use the proceeds to repay borrowings and for general corporate purposes. Birkenstock sold approximately 30 million units in 2022, generating revenue of 1.24 billion euros ($1.32 billion) and net profit of 187 million euros on gross margins of 60%. The company's financial performance is largely dependent on brand perception, with risks including negative consumer perception, supply chain problems, and increasing competition from companies like Nike Inc (NYSE:NKE), Crocs Inc (NASDAQ:CROX), and Deckers Outdoor Corp (NYSE:DECK).

Portfolio Pulse from Adam Eckert

October 11, 2023 | 3:44 pm

PFE

The FDA has found no misconduct by Care Access in Pfizer's Lyme vaccine trial. The research company Care Access has announced the completion of a for-cause FDA Good Clinical Practices inspection related to the company's activities on Pfizer's Valor trial.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 3:36 pm

EWG

NVO

The German Drug Regulator BfArM has announced that it will coordinate an investigation into falsified Ozempic found in Germany. Ozempic is a product of Novo Nordisk (NVO).

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 3:35 pm

MDBH

Invizyne Technologies, a company from MDB Capital Holdings (NASDAQ:MDBH), has received an additional $3.77 million grant from the Bioenergy Technologies Office within the U.S. Department of Energy. The grant will be used to demonstrate Invizyne's cell-free production process for making isobutanol from plants in an energy-efficient manner. The global sustainable aviation fuel market, which includes isobutanol, is expected to grow at a compound annual rate of 52.2% to reach $27.4 billion by 2032.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 3:16 pm

BAX

DVA

FMS

ISRG

Shares of dialysis providers and kidney care stocks are trading lower after Novo Nordisk stopped its semaglutide kidney outcomes trial early based on early signs of efficacy. Companies potentially affected include BAX, DVA, FMS, and ISRG.

Portfolio Pulse from Bill Haddad

October 11, 2023 | 3:03 pm

INCY

Incyte (NASDAQ:INCY) has announced new results from its Phase 3 TRuE-V program, demonstrating the efficacy of continued treatment with Opzelura cream in nonsegmental vitiligo patients. The data shows that patients who initially experienced limited or no facial or total body repigmentation at six months achieved improved repigmentation after continued treatment with Opzelura for up to two years. The treatment was well-tolerated with no serious treatment-related adverse events reported.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 2:32 pm

TGTX

TG Therapeutics, Inc. (NASDAQ:TGTX) has presented data from the ULTIMATE I & II Phase 3 trials and the ENHANCE Phase 3b trial evaluating BRIUMVI® (ublituximab-xiiy) in patients with relapsing forms of multiple sclerosis (RMS) at the 2023 European Committee for Treatment and Research in Multiple Sclerosis (ECTRIMS) annual meeting. The data highlights the unique attributes of BRIUMVI and includes the first data from the ENHANCE trial evaluating patients who switch from an IV anti-CD20 antibody to BRIUMVI.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 2:31 pm

SMCI

Supermicro's senior solutions manager, Alok Kumar Srivastav, highlighted the role of AI in the next industrial revolution during an interview with DIGITIMES Asia. He emphasized the importance of digital data creation, storage, and processing in AI development. Srivastav also discussed Supermicro's partnerships with Nvidia, Intel, and AMD, and the company's role in supplying computing units to major corporations across various industries. He predicted that AI adoption will become a necessity for survival in the modern marketplace.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 2:27 pm

ERJ

Luxair, the flag carrier of Luxembourg, has signed a firm order for four E195-E2 aircraft from Embraer (NYSE:ERJ). The aircraft will complement Luxair's larger narrowbody aircraft recently ordered. Luxair also secured two options and three purchase rights for more aircraft, with conversion rights to E190-E2 as required. The first aircraft delivery is scheduled for Q4 2025.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 2:18 pm