Streetbeat News

Regulatory

BRTX

BioRestorative Therapies is in advanced discussions to license its ThermoStem platform to a leading regenerative medicine firm. ThermoStem, which uses brown adipose derived stem cells, could offer new treatments for obesity and metabolic disorders. The platform is protected by a comprehensive patent portfolio.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 11:08 am

KTTA

Pasithea Therapeutics announced that an independent safety review committee has completed a safety review of data from the first dose cohort in the Phase 1 trial of PAS-004.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 11:07 am

ALDX

Aldeyra Therapeutics has completed enrollment for its Phase 3 trial of Reproxalap, a treatment for dry eye disease. The company expects to release clinical trial results and potentially resubmit a New Drug Application in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 11:04 am

VANI

Vivani Medical, Inc. (NASDAQ:VANI) announced that the FDA has cleared its Investigational New Drug Application for NPM-119, allowing the commencement of the LIBERATE-1 Phase 1 trial. This trial will evaluate the safety, tolerability, and pharmacokinetics of Vivani’s six-month GLP-1 implant for type 2 diabetes. The study is set to start in the second half of the year. Vivani is also developing other drug implants targeting chronic weight management.

Portfolio Pulse from Akanksha Bakshi

June 13, 2024 | 11:01 am

VANI

Vivani Medical announced that the FDA has cleared its Investigational New Drug (IND) application and lifted the clinical hold for NPM-119, a miniature long-term subdermal GLP-1 drug implant.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 11:00 am

LEV

Lion Electric Company (NYSE:LEV) has announced the final certification of its heavy-duty battery pack, the LionBattery HD, designed for its heavy-duty trucks. This certification follows stringent testing and ensures compliance with rigorous safety regulations. The battery pack will power the Lion8 Tractor, an all-electric Class 8 commercial truck.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 10:34 am

META

Meta Platforms Inc. (NASDAQ:META) faces a complaint in Norway for using user data from Facebook and Instagram to train AI models, potentially violating EU data protection laws. The Norwegian Consumer Council claims Meta's opt-out process is deceptive and difficult. The complaint will be reviewed by the Norwegian Data Protection Authority and other European authorities.

Portfolio Pulse from Benzinga Neuro

June 13, 2024 | 10:33 am

UEC

Uranium Energy Corp (UEC) has announced a significant increase in uranium resources at its Burke Hollow Project, tripling its Measured and Indicated resources. The updated S-K 1300 technical report confirms UEC's leading position in the US ISR uranium mining sector.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 10:33 am

BA

ITA

PPA

Boeing Co (NYSE:BA) has asserted its compliance with a 2021 agreement to avoid criminal prosecution after the 737 MAX crashes, countering a recent U.S. Justice Department finding. The Justice Department has until July 7 to decide on prosecutorial plans, which could include launching a criminal case or extending the deferred prosecution agreement. Boeing's stock has declined over 17% in the past year, and investors can gain exposure through IShares U.S. Aerospace & Defense ETF (BATS:ITA) and Invesco Aerospace & Defense ETF (NYSE:PPA).

Portfolio Pulse from Shivani Kumaresan

June 13, 2024 | 10:26 am

GRVY

Gravity Co., Ltd. (NASDAQGM:GRVY) announced that its MMORPG game 'Ragnarok: Dawn' received ISBN approval from the Chinese government, allowing it to be published in China.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 10:07 am