Streetbeat News

Regulatory

BDX

BD (Becton, Dickinson and Company) (NYSE:BDX) has received FDA 510(k) clearance for its updated BD Alaris™ Infusion System, enabling both remediation and a return to full commercial operations. The system is the only modular and comprehensive infusion system on the U.S. market. BD does not expect any material incremental revenue contribution from the BD Alaris™ Infusion System for the remainder of FY23, but expects to absorb initial re-launch investments within FY23 guidance range.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 8:30 pm

VRCA

Verrica Pharmaceuticals Inc. (NASDAQ:VRCA) has received FDA approval for its YCANTH topical solution, the first FDA-approved treatment for molluscum contagiosum, a highly contagious viral skin infection affecting approximately 6 million people annually in the US. The drug-device combination product will be administered by a healthcare professional and is expected to be available by September 2023. The approval is based on positive results from two Phase 3 clinical trials.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 8:26 pm

ATTO

The New York Stock Exchange (NYSE) has announced that it will begin proceedings to delist Atento S.A. (ATTO) due to the company's failure to maintain the required average global market capitalization of at least $15 million over a consecutive 30-day trading period. Trading in ATTO's ordinary shares has been suspended immediately.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 8:25 pm

KSCP

Knightscope, Inc. (NASDAQ:KSCP), a developer of autonomous security robots and blue light emergency communication systems, has regained compliance with The Nasdaq Global Market Listing Rule 5450(b)(2)(A). The company had previously failed to maintain a minimum market value of listed securities of $50,000,000 over 30 consecutive business days.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 8:20 pm

TLSA

Tiziana Life Sciences (TLSA) has received a notice from Nasdaq stating that the company is not in compliance with the $1.00 Minimum Bid Price Requirement for continued listing. The company has until January 16, 2024, to regain compliance by having the closing bid price of its shares meet or exceed $1.00 for at least ten consecutive business days. The notice is not of imminent delisting and Tiziana intends to resolve the deficiency.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 8:19 pm

VRAY

ViewRay, Inc. (NASDAQ:VRAY) announced that it will be delisted from the Nasdaq Stock Market due to its voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code and concerns about its ability to sustain compliance with the $1.00 per share minimum bid price requirement. The company's common stock is expected to begin trading on the OTC markets under the symbol 'VRAYQ'.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 8:01 pm

NEPT

Neptune Wellness Solutions Inc. (NASDAQ:NEPT) has received a letter from Nasdaq notifying that it does not meet the minimum stockholders' equity requirement for continued listing on the Nasdaq Capital Market. The company has until September 5, 2023, to submit a plan to regain compliance. The notification has no immediate effect on the company's business operations or the listing of its common shares.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 8:00 pm

VRCA

Trading of Verrica Pharmaceuticals' shares has been halted due to pending news.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 7:59 pm

EVLO

HRZN

Horizon Technology Finance Corporation has increased its stake in Evelo Biosciences to 11.5% as of July 11, according to a 13G filing with the SEC.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 7:50 pm

F

Ford Motor Co's (NYSE:F) $3.5 billion battery plant deal with Chinese firm CATL is under investigation by two U.S. House of Representatives committees. The committees are concerned about the potential influence of the Chinese Communist Party over Ford and its implications for U.S. taxpayers. Ford plans to maintain ownership and operation of the plant on U.S. soil, contrasting with competitors that import batteries from China. The committees are also questioning the roles of CATL's Chinese workforce at the Ford plant and CATL's control over entities linked to forced labor allegations.

Portfolio Pulse from Piero Cingari

July 21, 2023 | 7:27 pm