Streetbeat News

Regulatory

TCBP

TCBP announced that the MHRA has accepted an amendment for the ACHIEVE UK trial, which includes increasing the dose level to align with Cohort 2 in the IND and changing the procedure from 'in patient' to 'out patient'.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 2:35 pm

AAPL

Apple Inc. (NASDAQ:AAPL) has filed a patent for interchangeable sleeves for its Apple Pencil, suggesting a significant upgrade with enhanced controls, sensors, and extended battery life. This development follows the launch of a more economical third-generation Apple Pencil in Oct. 2023, priced at $79, featuring high precision, low latency, and tilt sensitivity. The new sleeves could increase the functionality and versatility of the Apple Pencil, potentially boosting sales.

Portfolio Pulse from Rounak Jain

February 22, 2024 | 2:33 pm

PG

During the Cagny Conference, P&G's CFO announced expectations of continued market pressure in Greater China and a softening of underlying market trends in some European enterprises. This indicates potential challenges ahead for P&G in these regions.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 2:14 pm

IVDA

VNM

Iveda has partnered with VinaFore to become an authorized AI solutions provider for the Vietnamese government, focusing on smart city projects across Vietnam.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 2:04 pm

NRGV

Energy Vault Holdings, Inc. (NRGV) has started construction of the U.S.'s largest green hydrogen plus battery energy storage system in Calistoga, California, for PG&E. The system, expected to be operational by Q2 2024, will provide 293 MWh of carbon-free energy, capable of powering 2,000 customers for up to 48 hours. This project, supported by a 10.5-year tolling agreement with PG&E, marks a significant advancement in microgrid development and decarbonization efforts.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 2:04 pm

OSA

ProSomnus, Inc. (NASDAQ:OSA) announced successful pilot study results for its Next Generation Remote Patient Monitoring (RPM) device for Obstructive Sleep Apnea (OSA). The study showed the device's embedded oximeter can accurately monitor SpO2, marking a significant step towards personalized and predictive sleep medicine. The device, still pending FDA clearances and commercialization, could revolutionize OSA treatment by enabling real-time monitoring of vital parameters and predictive metrics for cardiovascular risks.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:57 pm

JNJ

Ambrx Biopharma has entered into a merger agreement with Johnson & Johnson and Charm Merger Sub. The required waiting period under the HSR Act has expired, indicating regulatory approval for the merger.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:56 pm

ABBV

Cosette Pharmaceuticals has received FDA approval for the first generic version of RECTIV ointment, 0.4%, with 180 days of exclusivity. This marks Cosette's 24th product launch and 3rd CGT approval in two years. The launch leverages Cosette's R&D and manufacturing capabilities in Lincolnton, NC. U.S. annual sales of nitroglycerin ointment 0.4% were approximately $21.2 million. RECTIV is a registered trademark of AbbVie.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:53 pm

AAPL

SSNLF

The FDA has issued a warning against the use of smartwatches and smart rings that claim to measure blood glucose levels without skin penetration, stating that no such devices have been approved. The warning includes devices from any manufacturer, despite ongoing efforts by companies like Apple Inc and Samsung Electronics to develop non-invasive blood glucose monitoring technology. Consumers and healthcare providers are advised to avoid these unapproved devices and report any issues through the MedWatch Voluntary Reporting Form.

Portfolio Pulse from Vandana Singh

February 22, 2024 | 1:45 pm

T

TMUS

VZ

A significant cellular outage affected AT&T Inc. (T), Verizon Communications Inc. (VZ), and T-Mobile US Inc. (TMUS), disrupting services nationwide, including the ability to make 911 emergency calls. Over 51,000 incidents were reported for AT&T, with Verizon and T-Mobile also experiencing disruptions. However, a T-Mobile spokesperson claimed their network was operating normally. The outage has raised concerns over public safety and the telecom industry's role in maintaining critical communication infrastructure.

Portfolio Pulse from Rounak Jain

February 22, 2024 | 1:40 pm