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ORCL

Oracle has announced the release of Java 21, the latest version of the world's leading programming language and development platform. The new version includes thousands of performance, stability, and security improvements, and platform enhancements aimed at increasing developer productivity and driving innovation. Oracle will offer long-term support for Java 21 for at least eight years, providing flexibility for organizations to maintain applications in production longer with minimal maintenance. The release is the result of collaboration between Oracle engineers and the global Java developer community.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:31 pm

NVO

Novo Nordisk (NVO) has partnered with Aspen Pharmacare to produce human insulin in South Africa for export to African nations. The insulin will be supplied to health authorities and NGOs through a tender system with a maximum price of $3 per vial. The production is expected to reach 16 million insulin vials next year, equivalent to the yearly consumption of 1.1 million people. By 2026, this number will increase to 4.1 million people living with diabetes across Africa. Recently, the FDA reported quality control issues at Novo Nordisk's Clayton, North Carolina plant.

Portfolio Pulse from Vandana Singh

September 19, 2023 | 1:24 pm

IMMX

Immix Biopharma has announced the successful completion of its 2nd CAR-T NXC-201 engineering batch at its U.S. manufacturing site. This is a significant step in the planned U.S. expansion of the company's ongoing Phase 1b/2a NEXICART-1 study of its novel BCMA-targeted chimeric antigen receptor T (CAR-T) cell therapy NXC-201. The company believes that NXC-201's observed zero neurotoxicity and favorable tolerability profile could enable expansion into earlier lines of therapy and out-patient NXC-201 dosing.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:24 pm

AMD

AMD has announced the AMD Kria K24 System-on-Module (SOM) and KD240 Drives Starter Kit, targeting cost-sensitive industrial and commercial edge applications. The K24 SOM offers power-efficient compute in a small form factor and is designed for powering electric drives and motor controllers used in compute-intensive digital signal processing applications. The KD240 Drives Starter Kit is a motor control-based development platform that offers a seamless path to production deployment with the K24 SOM.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:22 pm

GSK

PFE

The European Commission has approved ViiV Healthcare's Apretude, a drug for HIV prevention. ViiV Healthcare is majority owned by GSK plc, with Pfizer Inc and Shionogi as shareholders. The drug reduces the number of doses needed for effective HIV prevention from 365 daily pills to as few as six injections per year. It has demonstrated superior efficacy to daily oral emtricitabine/tenofovir disoproxil fumarate in reducing the risk of HIV acquisition in clinical trials.

Portfolio Pulse from Vandana Singh

September 19, 2023 | 1:20 pm

ZEPP

Zepp Health (NYSE:ZEPP) has launched Zepp Clarity Pixie, a new over-the-counter hearing aid under its Zepp Clarity brand. The device, which offers a natural hearing experience for those with mild to moderate hearing impairment, is built on the technology of Zepp Clarity One. It features seamless connectivity to wireless devices, a 17-hour battery life, and is nearly undetectable when worn. The launch comes after the FDA's ruling allowing adults with mild-to-moderate hearing loss to purchase hearing aids without a prescription, potentially lowering costs by $3,000 per pair.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:18 pm

SHFS

Safe Harbor Financial (NASDAQ:SHFS) is launching a new portfolio of line of credit products for cannabis businesses. The credit facilities will range from $25,000 to $1 million at market-leading rates. This follows Safe Harbor's launch of interest-bearing commercial accounts in July. The company's shares were trading 5.27% higher at $0.82 per share during Monday’s pre-market session.

Portfolio Pulse from Nina Zdinjak

September 19, 2023 | 1:18 pm

EDBL

Edible Garden AG Incorporated (NASDAQ:EDBL) has signed an agreement to distribute its produce and products to all nineteen Woodman's Markets locations across Wisconsin and Illinois. This marks a significant expansion of Edible Garden's distribution in the Midwest. Woodman's Markets plans to feature Edible Garden's patented, self-watering display chain wide.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:17 pm

ESTC

Elastic (NYSE:ESTC) has announced the launch of Elastic AI Assistant for Observability and the general availability of Universal Profiling. The AI Assistant, powered by generative AI, provides site reliability engineers with operational insights specific to their IT environment. The Universal Profiling tool offers visibility into third-party libraries, helping to identify performance bottlenecks and reduce cloud costs.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:15 pm

KNTE

Kinnate Biopharma Inc (NASDAQ:KNTE) announced pipeline updates, a reprioritization plan, and workforce restructuring to extend the cash runway. The company is prioritizing the exarafenib combination, KIN-8741, and discovery efforts around its CDK4 selective program. Kinnate will pause the development of KIN-7136 and explore strategic alternatives for exarafenib monotherapy and KIN-3248. The company will also reduce its workforce by approximately 70% and take measures to reduce operating expenses. As of June 30, 2023, Kinnate had approximately $204.3 million in cash, cash equivalents and investments.

Portfolio Pulse from Vandana Singh

September 19, 2023 | 1:15 pm