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MRNA

Moderna's stock price has increased following the announcement of positive follow-up data from the Phase 2b KEYNOTE-942/mRNA-4157-P201 study, conducted in collaboration with Merck, for patients with high-risk melanoma after complete resection.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 1:42 pm

TEVA

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) and Biolojic Design Ltd. have entered into an exclusive license agreement to develop BD9, a novel antibody therapy for Atopic Dermatitis and Asthma. BD9 is a dual specific antibody targeting IL-13 / TSLP, designed to treat inflammatory diseases more effectively than current therapies. The agreement aligns with Teva's Pivot to Growth strategy to enhance its early-stage pipeline. Teva will have exclusive worldwide rights to develop and commercialize BD9, while Biolojic will receive an upfront payment, milestone payments, and royalties on product sales.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 1:41 pm

PXDT

Pixie Dust Technologies, Inc. (NASDAQ:PXDT) announced positive results from a study on their SonoRepro product, which uses ultrasonic waves for non-contact scalp stimulation. The study, conducted by Dr. Akinobu Miyata in collaboration with JACTA, showed significant improvement in hair diameter, head condition, and scalp water content over 12 weeks. The company aims to further explore the healthcare applications of their wave control technology.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 1:40 pm

CLPS

CLPS Incorporation (NASDAQ:CLPS) has acquired Purple Potato Finance Limited, expanding its credit card business in Hong Kong. Purple Potato, a licensed money lender, complements CLPS's subsidiary Qinson Credit Card Services Limited (QCC), which has a robust credit card system, CAKU 2.0. The acquisition aligns with CLPS's diversification strategy and aims to leverage Hong Kong's financial infrastructure and the anticipated recovery of its tourism industry.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 1:40 pm

ICE

Intercontinental Exchange (ICE) and Blockstream have expanded their joint cryptocurrency offering by adding cryptocurrency options data to the ICE Consolidated Feed. This feed aggregates data from various sources, providing ICE Data Services' customers with comprehensive and real-time global market data on cryptocurrencies.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 1:36 pm

ZJYL

JIN MEDICAL INTERNATIONAL LTD. (NASDAQ:ZJYL), a manufacturer of wheelchairs and living aids, has signed an MOU to potentially acquire Jiangsu Zhongjin Kanglu Information Technology Co., Ltd., a medical equipment sharing platform. The due diligence process is expected to be completed by December 31, 2023, with detailed negotiations starting in March 2024. Zhongjin Kanglu's shared medical equipment is used in over 1,600 hospitals in China. The acquisition aims to create synergies and promote JinMed's products in China.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 1:35 pm

CJET

Chijet Motor Company (NASDAQ:CJET) provided additional commentary on its H1 2023 financial results, reiterating its outlook and guidance. Despite a 73.2% decrease in sales revenue and a 71.8% decrease in sales volume due to a strategic shift from fuel vehicles to new energy vehicles (NEVs), management remains optimistic. The company is undergoing a transition, integrating state-owned and private enterprise structures, and focusing on NEVs in response to stricter emission standards. The Yantai factory construction is on track, with some delays. Chijet maintains a high automation rate in production and is recovering from pandemic impacts. R&D continues with solid-state battery technology and hydrogen fuel cell development. For 2024, Chijet forecasts sales revenue between $362 million and $434 million, with vehicle deliveries between 30,000 to 36,000 units, including five new models.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 1:34 pm

ASNS

Actelis Networks, Inc. (NASDAQ:ASNS) has launched the GigaLine 800 Hybrid-Fiber, a last mile broadband solution designed to extend fiber connectivity using existing copper and coax wiring. This enables immediate multi-Gigabit connectivity for homes, businesses, and IoT applications without waiting for fiber installation. The solution is cost-effective, quick to install, and offers high security with 256-bit MACsec encryption. Actelis has received an order for the GigaLine 800 from a global integrator, indicating market interest.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 1:32 pm

WAB

Wabtec Corporation (NYSE:WAB) has entered the railcar telematics market through a partnership with Intermodal Telematics B.V. to develop a platform using IMT technology. This platform will provide real-time cargo tracking for railcar and tank container owners and operators, enhancing supply chain efficiency and customer experience. The solution will include sensors, gateways, wireless communications, and analytics, and is set to be offered starting in Q1 2024. It will be available for retrofitting existing fleets and integration into new Wabtec railcar components. WAB shares saw a 1.36% increase to close at $121.53 on Wednesday.

Portfolio Pulse from Shivani Kumaresan

December 14, 2023 | 1:22 pm

BNGO

Bionano Genomics, Inc. (NASDAQ:BNGO) announced the publication of a special issue of Cancers journal focused on the impact of its optical genome mapping (OGM) on hematological malignancy research. The issue includes eight peer-reviewed publications, with three more expected, highlighting OGM's advantages over traditional cytogenetic methods. OGM is noted for its higher resolution, cost-efficiency, and potential to replace traditional methods. The research demonstrates OGM's concordance with traditional methods and its ability to identify additional pathogenic structural variants (SVs). Bionano's CMO and CEO commented on the significance of the findings for cancer research and cytogenetics.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 1:17 pm