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RAIN

Rain Oncology announces a strategic update for its milademetan clinical programs, including suspending enrollment in the Phase 2 MANTRA-2 trial and terminating plans for the Phase 1/2 MANTRA-4 trial. The company will reduce its workforce by 65% and transition CMO responsibilities. Year-end 2023 cash guidance is $75-80 million, with a cash runway to year-end 2026.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 12:33 pm

NTRA

Natera announced that new data will be presented at the 2023 ASCO Meeting in 13 studies across multiple cancer types, including oral presentations in Sarcoma and CRC, immunotherapy monitoring data from the Phase 3 EMPOWER-Lung 1 study, and updates from the CIRCULATE-Japan study in CRC.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 12:32 pm

ENPH

Enphase Energy has expanded its distribution partnership with Natec, a leading wholesaler of solar and battery products, to distribute IQ Microinverters and IQ Batteries across Europe. Natec is a market leader in importing and distributing solar and battery products in the Netherlands and other European countries.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 12:19 pm

SSKN

STRATA Skin Sciences (NASDAQ:SSKN) has announced the treatment of the first six patients in the TheraClearX clinical study for acne. The study aims to evaluate the efficacy and safety of TheraClearX as a stand-alone treatment for mild to moderate acne in 30 healthy subjects aged 12-40.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 12:16 pm

AZN

BOLT

BioLight has signed a research collaboration agreement with Alexion (AstraZeneca Rare Disease) to explore a technology that uses natural tears for diagnosing retinal diseases. The study will be financed by Alexion and BioLight, and the technology was licensed from Harvard University.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 12:16 pm

ARBE

Arbe Robotics (NASDAQ: ARBE) will present its AI-based imaging radar technology for sensor fusion at the IWPC Automotive Sensor Architecture Conference. The technology combines radar and camera data to enhance object detection and tracking capabilities, improving safety in various driving conditions.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 12:15 pm

PBA

Pembina Pipeline Corporation (NYSE:PBA) has signed a Memorandum of Agreement with Marubeni Corporation to develop a low-carbon ammonia supply chain from Western Canada to Japan and other Asian markets. The project includes the joint development of a low-carbon hydrogen and ammonia production facility in Alberta, Canada.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 12:12 pm

LLY

XtalPi Inc. announced a $250 million AI drug discovery collaboration with Eli Lilly and Company. The partnership will leverage XtalPi's AI capabilities and robotics platform to design and deliver drug candidates for an undisclosed target.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 12:11 pm

ESTA

Establishment Labs Holdings Inc. (NASDAQ:ESTA) has received CE marking under the European Medical Device Regulation for its Motiva Injector, Motiva Inflatable Balloon, and Motiva Channel Dissector. The approval marks an important step in the evolution of plastic surgery and expands the market for minimally invasive aesthetic procedures.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 12:10 pm

UBER

Serve Robotics announced a commercial deal with Uber Technologies to deploy up to 2,000 AI-powered sidewalk delivery robots on the Uber Eats platform in multiple US markets. The partnership aims to reduce traffic congestion, air pollution, and improve last-mile delivery efficiency.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 12:10 pm