Breaks Categories: News

MondayMar 25, 2024 3:27 pm

NetworkNewsBreaks – Lumos Pharma Inc. (NASDAQ: LUMO) Receives Patent Notice for Improved Formulation of Lead Therapeutic Candidate

Lumos Pharma (NASDAQ: LUMO), a biopharmaceutical company advancing an oral therapeutic candidate for pediatric growth hormone deficiency (“PGHD”) through phase 2 clinical trials, has received a notice of allowance for a submitted patent. The notice was received from the U.S. Patent and Trade Office (“USPTO”) earlier this month; the notice covers claims the company made for its patent titled “Compactable Oral Formulations of Ibutamoren.” According to the announcement, the patent includes improved formulations of LUM-201 that the company plans to use in its phase 3 trial and eventually commercialize. LUM-201 (ibutamoren) is an orally administered small molecule that promotes the secretion…

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MondayMar 25, 2024 2:50 pm

NetworkNewsBreaks – Astrotech Corporation (NASDAQ: ASTC) Launches ‘Gold Standard’ of Mass Spectrometry into Narcotics Detection Market

Astrotech (NASDAQ: ASTC) and its wholly owned subsidiary, 1st Detect Corporation, today announced that the company is currently accepting orders for the Tracer 1000 Narcotics Trace Detector (“NTD”). A high-performance laboratory instrument, the TRACER 1000 NTD is capable of rapid detection of trace levels of narcotic compounds in seconds. With the company’s Tracer 1000 Explosive Trace Detector (“ETD”) now found in multiple locations in 14 countries, the NTD provides a ruggedized platform that can be applied across various markets including airports, border security, checkpoint, cargo, and infrastructure security, correctional facilities, military, and law enforcement. “Over the last five years our…

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MondayMar 25, 2024 2:10 pm

NetworkNewsBreaks — The Register Interviews D-Wave Quantum Inc. (NYSE: QBTS), Highlights Quantum Computing’s Potential Impact on AI

The Register, a British technology news website with millions of unique visitors per month, recently published an article about OpenAI’s recent interest in quantum. To gain insight, The Register interviewed Murray Thom, D-Wave's VP of Quantum Technology Evangelism, and Trevor Lanting, D-Wave's Chief Development Officer. Lanting explained, "As you're training [an AI] model, the number of parameters that go into the model really drives the cost and the complexity of training the model.” He further elaborated that developers are currently getting around this by choosing which features they think are going to be important for training a particular model. Lanting…

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MondayMar 25, 2024 1:03 pm

NetworkNewsBreaks – Cboe Canada Inc. Announces Three New RBC Bond EFTs Now Listed, Trading

Cboe Canada Inc.has announced that RBC iShares has launched three new ETF series of existing RBC Fixed Income Pools on Cboe Canada Inc. The ETFs are managed by RBC Global Asset Management Inc. (“RBC GAM”) and are now trading on Cboe Canada. The symbols are RBC Core Bond Pool (AQL: RCOR), RBC Core Plus Bond Pool (AQL: RPLS) and RBC Conservative Bond Pool (AQL: RCNS). RBC GAM is the asset management division of Royal Bank of Canada and is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors. According to the announcement, the new ETF Series “expands…

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MondayMar 25, 2024 12:57 pm

NetworkNewsBreaks – Upstream Welcomes Newest Dual-Listing Issuer

Upstream, a MERJ Exchange market and trading app, has published a blog article introducing Impact Analytics Inc. (CSE: PACT, Upstream: PACT) to its roster of dual-listed issuers. For the unveiling, Upstream met with Impact Analytics CEO Eric Entz to provide an overview of the company and its mission to revolutionize the traditional perspectives on risk management through unique approaches and novel technology. “We are achieving this by developing a comprehensive suite of applications powered by our proprietary in-house developed AI. These applications are designed to function both as standalone solutions and as part of an integrated ecosystem, offering flexibility and…

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MondayMar 25, 2024 12:47 pm

NetworkNewsBreaks – Lucid Group Inc. (NASDAQ: LCID) Receives $1B Investment from Major Stockholder

Lucid Group (NASDAQ: LCID), a company setting new standards for the luxury electric experience with the Lucid Air, America's most awarded new luxury vehicle and selected to Car and Driver's 10-Best list for 2024, has received an additional investment from its majority stockholder. The company has entered into an agreement with Ayar Third Investment Company, an affiliate of the Public Investment Fund ("PIF"), to purchase $1 billion of newly created series of convertible preferred stock via private placement; the purchase is subject to customary agreements. Lucid anticipates using the funds from the private placement for general corporate purposes. “We are extremely pleased…

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MondayMar 25, 2024 12:40 pm

NetworkNewsBreaks – N2OFF Inc.’s (NASDAQ: NITO) (FSE: 80W) Save Foods Ltd. Marks Important Step for Commercial Expansion in California

N2OFF Inc. (NASDAQ: NITO) (FSE: 80W) (formerly known as Save Foods, Inc.), a pioneer agri-food tech company offering sustainable solutions for agriculture and plant-based food, previously announced that the California Department of Pesticide Regulation (“CDPR”) registered for use FieldProtect, Save Foods Ltd.’s pre-harvest treatment, based on its compliance with California laws and regulations pertaining to pesticide registration. According to the update, the approval now extends the use of the product in California from exclusively post-harvest processes to include pre-harvest applications, which significantly broadens Save Foods’ potential market reach. “We believe this marks an important step forward for Save Foods in…

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MondayMar 25, 2024 11:28 am

NetworkNewsBreaks – Genprex Inc. (NASDAQ: GNPX) Closes on $6.5M Registered Direct Offering

Genprex (NASDAQ: GNPX), a clinical-stage gene therapy company focused on developing life-changing therapies for patients with cancer and diabetes, has closed on its registered direct offering. The offering, which was priced in accordance with NASDAQ guidelines, iincluded the sale and issuance of 1,542,112 shares of common stock (or prefunded warrants in lieu thereof) and warrants to purchase up to 1,542,112 shares of common stock. Pricing was $4.215 per share of common stock (or prefunded warrant) and accompanying warrant, resulting in approximately $6.5 million before deducting typical fees and offering expenses. According to the announcement, the warrants have an exercise price of $4.09 per share and…

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FridayMar 22, 2024 3:31 pm

NetworkNewsBreaks — Bitop Exchange Enters Marks Milestone in Cryptocurrency Trading with Official Listing on CoinMarketCap!

Bitop Exchange, a global cryptocurrency exchange and financial services platform, is now officially listed on CoinMarketCap, the globally authoritative cryptocurrency market data provider. According to the announcement, CoinMarketCap offers a leading comprehensive data platform in the cryptocurrency market that provides traders with real-time and accurate market data and information. Being listed “marks the global recognition of Bitop Exchange's strength in the field of digital currencies,” the company noted. Since its inception in 2018, Bitop Exchange has gained the trust of more than 100,000 users in more than 80 and regions. Recognized for its commitment to security, efficiency and innovation, Bitop Exchange has…

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FridayMar 22, 2024 2:22 pm

NetworkNewsBreaks — iCoreConnect Inc. (NASDAQ: ICCT) Executes Convertible Note Financing Valued at $2,375,000

iCoreConnect (NASDAQ: ICCT), a cloud-based software and technology company focused on increasing workflow productivity and customer profitability through its enterprise platform of applications and services, has closed on a securities purchase agreement with certain institutional investors. According to the agreement, the investors agreed to purchase $2,375,000 in unsecured convertible notes. Moody Capital Solutions Inc. served as the investment bank of record for iCoreConnect on this transaction. “This financing will help our company continue our growth trajectory, allowing us to continue to provide what we believe is the best-in-class software to our customers in medical and dental practices across the country,”…

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