Streetbeat News

Products Services

INBX

Inhibrx, Inc. (NASDAQ:INBX) has been granted Fast Track designation by the FDA for INBRX-101, a treatment for patients with emphysema due to alpha-1 antitrypsin deficiency (AATD).

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 1:07 pm

NVDA

QCOM

Qualcomm Inc (NASDAQ:QCOM) stock traded higher on Tuesday, in sympathy with Nvidia Corp (NASDAQ:NVDA), due to the AI rally. Qualcomm is transitioning into an 'intelligent edge computing' firm and has shipped 2 billion AI-capable products to date. The company expects the inventory glut to ease by Q3 or Q4 of 2023.

Portfolio Pulse from Anusuya Lahiri

May 30, 2023 | 1:06 pm

TTOO

T2 Biosystems announces its second largest sepsis-driven instrument sale in company history, with an initial order of seven T2Dx Instruments valued at over $450,000. The multi-year contract with Biomedica Poland includes the potential for nine additional instruments to be sold and deployed in Polish hospitals during H2 2023.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 1:05 pm

TM

Toyota Motor Corp's (NYSE:TM) global sales and production in April 2023 increased by nearly 5% Y/Y, driven by strong demand for hybrids and gasoline-powered cars in Japan and China. Sales of hybrids in Japan rose by 59.2% Y/Y, while sales in China jumped 46.3% Y/Y. The automaker also reported better overseas sales of battery electric vehicles (EVs), selling 8,584 units worldwide.

Portfolio Pulse from Anusuya Lahiri

May 30, 2023 | 12:56 pm

NVDA

SFTBF

TSM

Softbank's Arm is focusing on artificial intelligence (AI) ahead of its IPO, launching new products including the Cortex-X4 and Immortalis-G720 to boost smartphone performance. Arm maintains its partnership with Taiwan Semiconductor Manufacturing Company and aims for a high valuation, following NVIDIA's success in the AI market.

Portfolio Pulse from Anusuya Lahiri

May 30, 2023 | 12:54 pm

ZIVO

Zivo Bioscience (NASDAQ:ZIVO) has received an updated dossier reaffirming its GRAS (Generally Recognized As Safe) designation for its proprietary algal biomass product as a human food ingredient. The GRAS status allows manufacturers and marketers to safely integrate ZIVO's algal biomass into food processing lines and products.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 12:47 pm

SABS

SAB Biotherapeutics (NASDAQ:SABS) will present its novel immunotherapy platform and positive clinical data for SAB-176, a fully-human polyclonal antibody therapeutic for influenza treatment, at the BIO 2023 International Convention. The company will also discuss recent Breakthrough Therapy and Fast Track Designations granted by the FDA and explore out-licensing and partnering opportunities for SAB-176 and SAB-185 programs.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 12:37 pm

CEI

Camber Energy's majority-owned subsidiary, Viking Energy Group, announced that its subsidiary, Viking Protection Systems, received a Notice of Allowance from the USPTO for a patent application related to its transmission line ground fault prevention system. The technology aims to improve the resiliency and reliability of existing electric infrastructure.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 12:36 pm

PYXS

Pyxis Oncology has announced the dosing of the first subject in the Phase 1 trial of PYX-106, a novel cancer immunotherapy. This marks a significant milestone for the company as it advances its clinical development program.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 12:35 pm

CLVR

Clever Leaves has partnered with Astrasana to establish an international supply agreement for medical cannabis extracts in the Czech Republic and Switzerland. The terms of the agreement have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 12:33 pm