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EXAI

RXRX

Exscientia plc (NASDAQ:EXAI) will merge with Recursion Pharmaceuticals Inc. (NASDAQ:RXRX), with Exscientia shareholders receiving 0.7729 Recursion shares for each Exscientia share. The combined entity will be named Recursion, headquartered in Salt Lake City, and will trade on NASDAQ. The merger aims to enhance drug discovery capabilities and expects significant synergies and clinical trial readouts in the next 18 months.

Portfolio Pulse from Vandana Singh

August 08, 2024 | 9:37 pm

MRIN

RDDT

Marin Software has announced enhancements to its integrations with Reddit and X, allowing marketers to use AI-powered tools for intelligence, optimization, and automation to reach users on these platforms.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:35 pm

PROP

Prairie Operating Co. (NASDAQ:PROP) has submitted its second Oil and Gas Development Plan (OGDP), Genesis II, to the Colorado Energy and Carbon Management Commission (CECMC). The company received approval for the first 20 wellbores within the Genesis I OGDP. The Genesis II OGDP will develop up to 42 three-mile lateral wells in Weld County, Colorado, with a fully electrified drill rig and production facility. The CECMC hearing for Genesis II is expected in Q1 2025, with the project drill-ready by Q2 2025.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:32 pm

HZO

Marinemax has entered an asset exchange agreement with Mastercraft. Cruisers Yachts, a subsidiary of Marinemax, will assume the Aviara brand of luxury dayboats. Marinemax will receive assets including molds, tooling, and inventory, and will administer manufacturer warranties and market the brand. The agreement excludes Aviara production facilities and personnel.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:26 pm

ATSG

BA

Air Transport Services Group's subsidiary, Cargo Aircraft Management, has leased a Boeing 767-300 freighter.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:25 pm

ORGO

Organogenesis Holdings Inc. (NASDAQ: ORGO) announced that it is on track to submit the Biologics License Application (BLA) for its ReNu product by the end of 2025. The company has completed enrollment in the second Phase 3 clinical trial ahead of expectations, with 594 patients enrolled. The FDA has indicated that two well-controlled Phase 3 trials are required for regulatory approval.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:13 pm

ARWR

Arrowhead Pharmaceuticals has secured a $500M strategic financing facility with Sixth Street, including $400M funded at close and an additional $100M available. This non-dilutive capital will strengthen Arrowhead's balance sheet and support the advancement of its RNAi therapeutics pipeline.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:03 pm

RGNNF

Renergen Limited (OTC:RGNNF), a South African energy company, has announced the full operational status of its liquid helium production train. The facility, which began operations on July 19, positions South Africa among the few countries capable of producing liquid helium for the international market. The company has optimized processes to significantly reduce startup and cooldown timelines. A helium specialist from the United States has been collaborating with Renergen’s team to improve plant performance. The first batch of liquid helium is set for delivery later this month.

Portfolio Pulse from Michael Cohen

August 08, 2024 | 9:00 pm

AXDX

Accelerate Diagnostics, Inc. (NASDAQ:AXDX) announced the successful completion of its WAVE pre-clinical trial, which aims to deliver rapid antimicrobial susceptibility testing (AST) directly from positive blood culture bottles and bacterial isolated colonies. The WAVE system can report accurate results within 4.5 hours, potentially improving patient outcomes, reducing hospital costs, and combating antimicrobial resistance.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:00 pm

AKEMF

Alaska Energy Metals (OTC:AKEMF) has discovered a significant nickel deposit in Alaska, which also includes copper, cobalt, platinum, and palladium. This find could reduce the U.S.'s reliance on imported nickel, crucial for stainless steel and EV batteries. The company is expediting development to meet rising demand driven by electrification.

Portfolio Pulse from Abbey Higginbotham

August 08, 2024 | 8:56 pm