Breaks Categories: News

FridayMar 15, 2024 10:30 am

NetworkNewsBreaks – Cognition Therapeutics Inc. (NASDAQ: CGTX) Closes on $11.5M Public Offering

Cognition Therapeutics (NASDAQ: CGTX), a clinical-stage company developing product candidates designed to treat neurodegenerative disorders, has closed on its previously announced underwritten public offering. The offering was comprised of 6,571,428 shares of its common stock. According to the announcement, each share of common stock was sold at $1.75 per share, resulting in approximately $11.5 million in gross proceeds before deductions, commissions and expenses. Cognition Therapeutics anticipates using the funds from the offering for research, clinical development, process development and manufacturing, working capital, capital expenditures and other general corporate purposes. Titan Partners Group, a division of American Capital Partners, acted as…

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ThursdayMar 14, 2024 3:21 pm

NetworkNewsBreaks – BioNxt Solutions Inc. (CSE: BNXT) (OTCQB: BNXTF) (FSE: BXT) Announces Highly Promising Results from ODF Cladribine PK Study

BioNxt (CSE: BNXT) (OTCQB: BNXTF) (FSE: BXT) has announced completion of the comparative pharmacokinetic (“PK”) study for its oral dissolvable film (“ODF”) based proprietary Cladribine product for the treatment of multiple sclerosis (“MS”). The company reported that the animal PK study results are highly promising and demonstrated comparable rapid absorption and systemic exposure between BioNxt’s ODF product and the name-brand reference drug in all samples. “These results are a significant milestone for BioNxt. We have demonstrated that our ODF platform is an effective drug delivery system for cytostatic drugs via transmucosal absorption,” said BioNxt CEO Hugh Rogers. “With our recently…

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ThursdayMar 14, 2024 3:11 pm

NetworkNewsBreaks – Roth Capital Partners Continues Collaboration with IBN as Corporate Communications Partner for 36th Annual Conference

Roth Capital Partners (Roth MKM), a relationship-driven investment bank dedicated to serving growth companies and their investors, has selected IBN as a media sponsor for next week’s 36th Annual Roth Conference. The partnership is a continued collaboration as IBN, an innovative corporate communications firm and content distributor, has provided corporate communications and coverage for Roth events previously. The 36th Annual Roth Conference is scheduled for March 17–19, 2024, in Laguna Niguel, California. The ROTH event creates an ideal opportunity for executives from an estimated 500 selected companies to engage with potential investors during meaningful one-on-one and small-group discussions; the conference…

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ThursdayMar 14, 2024 3:04 pm

NetworkNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Names Experienced Corporate Finance Exec as New CFO

Lexaria Bioscience (NASDAQ: LEXX, LEXXW), a global innovator in drug-delivery platforms, has appointed a new chief financial officer. The company announced that, effective immediately, Nelson Cabatuan, CPA, will serve in the position, which also entails being a member of Lexaria’s executive leadership team. Cabatuan brings more than 15 years of corporate finance and operations experience in the life sciences industry. Most recently, he served as senior vice president of finance and operations at Rain Oncology Inc., a late-stage precision oncology biotech company. In that position, he was pivotal in building and leading the company’s financial organization, resulting in significant growth…

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ThursdayMar 14, 2024 2:42 pm

NetworkNewsBreaks — HeartBeam Inc. (NASDAQ: BEAT) Enrolls First Patients in Key Study Assessing Proprietary AIMIGo(TM) System

HeartBeam (NASDAQ: BEAT), a medical technology company focused on transforming cardiac care through the power of personalized insights, has begun enrolling the first patients in its VALID-ECG pivotal study. According to the announcement, the first patients were enrolled at Atlanta Heart Specialists, a top cardiology physician practice in Atlanta, Georgia. HeartBeam anticipates the VALID-ECG study will form the basis of its planned FDA 510(k) submission. The study is designed to evaluate the performance of a 12-lead ECG synthesized from the credit-card-sized HeartBeam AIMIGo(TM) system compared to a standard hospital-based 12-lead ECG; the study will use both quantitative and qualitative methodologies…

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ThursdayMar 14, 2024 2:27 pm

NetworkNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Announces 508% Increase in 2023 PDP Reserve Valuation

Prospera (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) today announced a 508% increase to its proven developed producing (“PDP”) reserve value of 27MM$, reflecting the success of the company’s 2023 development program. In addition, Prospera’s proven plus probable (“2P”) reserve value increased by over 60MM$ to a total of 133MM$ – largely driven by the undeveloped reserve value increase from 58MM$ to $98MM$. InSite Petroleum Consultants Ltd. independently assessed PEI’s Dec. 31, 2023, year-end reserves in accordance with COGEH standards. Using a combination of vertical and horizontal wells, primarily in core assets located in Southwest and West-Central Saskatchewan (>42,000 acres), the…

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ThursdayMar 14, 2024 2:16 pm

NetworkNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Announces Further Amendments to Iska Iska Payment Schedule

Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM), a leading exploration and mine development company, has amended the payment schedule for its Iska Iska silver-tin polymetallic project. The amendment was made by mutual agreement with Empresa Minera Villegas S.R.L., title holder of the project, which is located in the Potosi Department in southern Bolivia. This is the second time in the past month that Eloro Resources has announced amendments to the payment schedule. According to the announcement, Eloro’s Bolivian subsidiary, Minera Tupiza S.R.L., has made advance payments of $4.9 million to date toward the $10 million option payment. The schedule…

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ThursdayMar 14, 2024 1:51 pm

NetworkNewsBreaks — D-Wave Quantum Inc. (NYSE: QBTS) Executives to Participate in 36th Annual Roth Conference

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services and the world’s first commercial supplier of quantum computers, announced that CEO Dr. Alan Baratz and CFO John Markovich will present at the 36th Annual Roth Conference. The three-day event is scheduled for March 17–19, 2024, in Dana Point, California. According to the announcement, Dr. Baratz will also participate in a fireside chat scheduled for 1 p.m. PT on March 19. A replay of the fireside chat will be available following the presentation. To register for the fireside chat, visit https://nnw.fm/0oI0J To view the full press…

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ThursdayMar 14, 2024 8:30 am

NetworkNewsBreaks – Gaxos.ai Inc. (NASDAQ: GXAI) Announces $3.5M Private Placement

Gaxos.ai (NASDAQ: GXAI), a company developing artificial intelligence applications across various sectors, has entered into definitive agreements for a private placement priced at-the-market under Nasdaq rules. The private placement includes the purchase and sale of an aggregate of 628,367 shares of common stock (or pre-funded warrant in lieu thereof), series A warrants to purchase up to 628,367 shares of common stock and short-term series B warrants to purchase up to 628,367 shares of common stock at a price of $5.57 per unit (or per pre-funded warrant in lieu thereof) and accompanying warrants. The series A warrants and short-term series B…

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WednesdayMar 13, 2024 4:45 pm

NetworkNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Announces Option to Epworth Property in Nunavut, Canada

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF) recently announced that on Feb. 29, 2024, it entered into a binding letter agreement with Emerald Geological Services (“EGS”) under which it has been granted an option to acquire an undivided 80% beneficial interest in a property owned by EGS in Nunavut, Canada. “We are very excited to option the Epworth Property,” said Thomas Ullrich, CEO of Aston Bay. “This is an impressive 74-kilometre-long trend of high-grade copper, silver and zinc mineralization with accompanying gold, cobalt and lead. This mineralization is in a style typical of the Central African Copper Belt that boasts several…

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