Breaks Categories: News

TuesdayJul 09, 2024 11:07 am

NetworkNewsBreaks – Annovis Bio Inc. (NYSE: ANVS) Names Four New Members to Executive Team

  Annovis Bio (NYSE: ANVS), a late-stage, clinical-drug platform company pioneering transformative therapies for neurodegenerative disorders such as Alzheimer’s disease (“AD”) and Parkinson’s disease (“PD”), has announced that four new executives will be joining the company’s management team. The four new leaders include Mark White as chief business officer; Alexander Morris, PhD, as director of strategic communications; Hilda Maibach as senior vice president of statistics; and Blake Jensen as head of quality. White is currently serving as a board member and has held positions of increasing responsibility at Pfizer, Bracco, Abbott and Bayer. Most recently, he was vice president of worldwide…

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TuesdayJul 09, 2024 10:45 am

NetworkNewsBreaks – Clene Inc. (NASDAQ: CLNN) to Effect 1-for-20 Reverse Stock Split

Clene (NASDAQ: CLNN) (along with its subsidiaries, “Clene”) and its wholly owned subsidiary Clene Nanomedicine Inc., a clinical-stage biopharmaceutical company focused on improving mitochondrial health and protecting neuronal function to treat neurodegenerative diseases, today announced that it will effect a 1-for-20 reverse stock split at 12:01 a.m. ET on July 11, 2024. According to the announcement, Clene’s common stock will trade on the Nasdaq Capital Market on a split-adjusted basis under a new CUSIP number 185634201 and the company’s existing symbol CLNN at the beginning of trading on July 11. The reverse stock split, for which Equiniti Trust Company LLC…

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TuesdayJul 09, 2024 2:00 am

NetworkNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Unveils Revolutionary State-of-the-Art Platform for Digital Ocean-Freight Booking, Management

Freight Technologies (NASDAQ: FRGT), a technology-driven logistics company offering Fr8App , its proprietary and industry-leading freight-matching platform powered by artificial intelligence (“AI”) and machine-learning, has officially launched Waavely, its state-of-the-art platform designed to revolutionize ocean-freight booking and management for companies shipping containers between North America and ports around the world. The platform has already begun successfully handling ocean freight, the company reported. The new platform offers several key features, including instant quotes and booking, automation, real-time tracking and full transparency. “Waavely aims to bring unprecedented control, agility and transparency to ocean-freight brokerage through advanced digitalization, and we are extremely proud of this…

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MondayJul 08, 2024 3:42 pm

NetworkNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Secures New Patents for Antiviral Drug Delivery, Treating Epilepsy

Lexaria Bioscience (NASDAQ: LEXX, LEXXW), a global innovator in drug delivery platforms, today announced three new patent awards. In the European Union, the company received a new patent in Lexaria’s patent family #6: Transdermal and/or Dermal Delivery of Lipophilic Active Agents. Following an earlier one granted in Canada, this is the company’s second patent in this family. In Canada, Lexaria has received a new patent in patent family #18: Compositions and Methods for Enhanced Delivery of Antiviral Agents. This is the company’s fourth granted patent in this family, which was previously granted in the U.S., Australia and Japan. Further, building…

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MondayJul 08, 2024 3:32 pm

NetworkNewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Expands Joint Commercial Partnership with Leading Provider of Generative AI Software Solutions

  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, is expanding its joint commercial partnership with Zapata Computing Holdings Inc. (NASDAQ: ZPTA) (“Zapata”), a leader in industrial generative artificial intelligence (“AI”) software solutions. According to the announcement, the extended partnership is designed to accelerate the development and delivery of integrated quantum and generative AI solutions in D‑Wave’s Leap™ cloud platform. The new agreement leverages Zapata’s proprietary Universal Generative AI software for rapid development and builds upon D-Wave’s Leap real‑time quantum cloud service to support…

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MondayJul 08, 2024 1:29 pm

NetworkNewsBreaks – Lucid Group Inc. (NASDAQ: LCID) Announces Second Quarter Production, Deliveries, Schedules Release of Q2 2024 Results, Conference Call

Lucid Group (NASDAQ: LCID), maker of the world’s most advanced electric vehicles, today announced production and delivery totals for the quarter ended June 30, 2024. Lucid produced 2,110 vehicles and delivered 2,394 vehicles during this period, for which it will soon release its net income and cash flow results along with the rest of its financial performance. Lucid vehicle production and delivery numbers represent only one measure of the company’s operating performance and should not be relied on as sole indicators of quarterly financial results, which depend on a variety of factors. The company will host a conference call to…

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MondayJul 08, 2024 1:04 pm

NetworkNewsBreaks – Meta Platforms Inc. (NASDAQ: META) Hits All-Time High Stock Price

Meta Platforms (NASDAQ: META), a leading technology company known for its social media platforms such as Facebook, Instagram, and WhatsApp, has recently achieved a new milestone by reaching an all-time high stock price of $539.90 on July 5. This impressive performance is a testament to the company’s ability to navigate through various challenges, including stiff competition from rivals like TikTok and addressing privacy concerns. Moreover, Meta’s strategic focus on artificial intelligence (“AI”) development has played a crucial role in its recent success, signaling a positive reception from Wall Street analysts despite initial skepticism. The company’s stock has seen a remarkable surge of…

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MondayJul 08, 2024 11:51 am

NetworkNewsBreaks – Scinai Immunotherapeutics Ltd. (NASDAQ: SCNI) Receives Updated LoI from the European Investment Bank

Scinai Immunotherapeutics (NASDAQ: SCNI), a biotechnology company focused on developing inflammation and immunology (“I&I”) biological products and on providing CDMO services through its Scinai Bioservices business unit, today announced its receipt of an updated non-binding letter of intent (“LoI”) from the European Investment Bank (“EIB”). The updated LoI outlines specific terms for converting the majority of the EIB’s loan into equity in the form of preferred shares, which are convertible into American Depositary Shares (“ADSs”) representing 19.5% of the fully diluted capital of the company at the time of closing. According to the announcement, the number of ADSs into which…

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FridayJul 05, 2024 2:54 pm

NetworkNewsBreaks – CNS Pharmaceuticals Inc. (NASDAQ: CNSP) Enters Securities Purchase Agreements Worth Estimated $1.98M

CNS Pharmaceuticals (NASDAQ: CNSP), a biopharmaceutical company specializing in the development of novel treatments for primary and metastatic cancers in the brain and central nervous system, has entered into securities purchase agreements with health-care focused institutional investors. The agreements, which are for the purchase and sale of 1,425,000 shares of common stock, are comprised of a registered direct offering and warrants. The offering and warrants are to purchase up to 1,425,000 shares of common stock in a concurrent private placement at a combined purchase price of $1.39 per share. The offering is expected to close today, subject to customary closing…

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FridayJul 05, 2024 12:07 pm

NetworkNewsBreaks – Glidelogic Corp. (GDLG) Marks Important Milestone in Its Expansion into E-Commerce Services Sector

Glidelogic (OTC: GDLG), a diversified software development company specializing in artificial intelligence, fintech, and blockchain technology development and consulting, has become an authorized TikTok Shop Partner. In addition, the company announced it has obtained multiple TikTok Shop Partner cooperation qualifications since December 2023. Targeting the U.S. market, these qualifications include Finance, Seller and Scalable Creator Match-Up, LIVE Stream Management, Affiliate Management, Paid Advertisement Placement, Shop Operation and Management, and Short Video Management. These cooperation qualifications increase trust and provide unique resource support, allowing the company to better serve commercial clients. According to the announcement, this marks an important milestone in…

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