Streetbeat News

Regulatory

MP

MP Materials Corp (NYSE:MP) shares are trading higher following reports that China has imposed export restrictions on select rare earth metals, including gallium and germanium, used in semiconductor production, solar cells, and missiles. The restrictions, affecting over 35 other related metals and materials, will take effect from August 1. MP Materials, which produces specialty materials for advanced technologies, is currently expanding its manufacturing operations.

Portfolio Pulse from Adam Eckert

July 05, 2023 | 12:37 pm

GNPX

Genprex has been granted a Chinese patent for its REQORSA immunogene therapy in combination with PD-1 antibodies for cancer treatment. This expands the company's intellectual property rights and potentially opens up a new market for its product.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 12:36 pm

CLPR

Clipper Realty Inc. (NYSE:CLPR) has reached a 40-year regulatory agreement with the New York City Department of Housing Preservation and Development for its 2,500-unit Flatbush Gardens property. The agreement includes a full abatement of real estate taxes, maintenance of current rents, and a commitment to make capital improvements over a three-year period. The deal is expected to be accretive to the company's AFFO and FFO.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:33 pm

SRPT

Sarepta Therapeutics, Inc. (NASDAQ:SRPT) has completed the sale of its Rare Pediatric Disease Priority Review Voucher (PRV) for $102 million. The PRV was awarded by the FDA following the approval of ELEVIDYS for the treatment of Duchenne muscular dystrophy. The proceeds from the sale will be invested into R&D efforts to support the development of more transformative therapies.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:32 pm

EFSH

IMPL

NCRA

VINE

Several stocks are experiencing significant pre-market movements. Nocera, Inc. (NCRA) surged 88.7% after announcing plans to acquire Zhe Jiang Xin Shui Hu Digital Information, Ltd. Impel Pharmaceuticals Inc. (IMPL) gained 30.7% after being granted a U.S. Patent for a Parkinson's disease treatment. iMedia Brands, Inc. (IMBI) rose 27.4% after receiving a second Nasdaq non-compliance notice. On the losing side, 1847 Holdings LLC (EFSH) fell 40.5% after pricing a public offering, and Fresh Vine Wine, Inc. (VINE) fell 21.9% after a significant jump on Monday.

Portfolio Pulse from Lisa Levin

July 05, 2023 | 12:22 pm

MGLD

The Marygold Companies, Inc. (NYSE:MGLD) has appointed Ian Gass as Chief Product Officer for its UK operations. The company plans to launch its mobile banking and financial services app in the UK in 2024 through its Marygold & Co. (UK) subsidiary. The app offers FDIC-insured accounts, contactless payment options, and other features. Gass has extensive experience in the fintech sector, having co-founded an open banking fintech business and held senior positions at Goldman Sachs and Bank of New York Mellon.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:21 pm

IMAB

I-Mab (NASDAQ:IMAB), a clinical-stage biopharmaceutical company, announced the publication of a manuscript detailing the antitumor activity of its bispecific antibody givastomig in The Journal for Immuno-Therapy of Cancer. Givastomig is designed to bind to CLDN18.2-expressing cancer cells and activate T cells within these tumors, offering potential for effective immuno-therapy in gastric cancer. The drug is currently undergoing Phase 1 clinical studies in the U.S. and China, with promising results so far. The company plans to report additional clinical data later this year.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:12 pm

CTV

Innovid Corp. (NYSE:CTV) has regained compliance with the NYSE's continued listing standards for minimum share price under Section 802.01C of the NYSE Listing Company Manual. The company was previously not in compliance due to its average closing price being less than $1.00 per share over a 30 trading-day period. As of June 30, 2023, the company's average stock price had a closing share price of at least $1.00.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:11 pm

SDC

SmileDirectClub has received approval from the Nasdaq Hearings Panel for its compliance plan to meet the minimum bid price deficiency. This comes after the company's stock price fell below the minimum $1.00 per share requirement for continued listing on the Nasdaq Stock Market.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 12:10 pm

GH

Guardant Health, Inc. (NASDAQ:GH) has announced that it will receive national reimbursement approval from the Japanese Ministry of Health, Labor and Welfare for its Guardant360 CDx liquid biopsy test for comprehensive genomic profiling for patients with advanced or metastatic solid tumor cancers, effective July 24, 2023. The test has already received regulatory approval in March 2022. The test is used to detect actionable biomarkers in a patient's blood that may help inform their therapy selection.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:09 pm