Breaks Categories: News

MondayMay 22, 2023 11:16 am

NetworkNewsBreaks – Universal Ibogaine Inc. (TSX.V: IBO) Releases Details of Common Share Offering

Universal Ibogaine (TSX.V: IBO), a life sciences company with a mission to deliver medicalized ibogaine-centered addiction care, has announced an offering of up to 66,666,667 shares. The shares will be offered $0.03 per share, which could result in approximately $2 million in gross proceeds. According to the announcement, each unit will include one common share and a one-half common share purchase warrant, with each whole warrant giving the holder the right to purchase an additional UI common share at $0.06 per share; that right will be available for up to one year after the offering closes. UI anticipates using the offering…

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FridayMay 19, 2023 3:09 pm

NetworkNewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Reports on Q1 2023 Financial, Corporate Results

D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services, has released its first-quarter earnings report for the period ending March 31, 2023. Highlights include total bookings valued at $2.9 million, a 297% increase compared to the first quarter of 2022, and a 430% increase in the average deal size for QCaaS and professional services combined bookings on a year-over-year basis. In addition, the company noted that research published in “Nature” shows the computational advantage of its quantum computer, proving quantum dynamics speedup over classical on a set of complex problems. The company has also signed several…

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FridayMay 19, 2023 12:45 pm

NetworkNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Fr8App Recognized for Use of Advanced Markers from Google Maps Platform

Freight Technologies (NASDAQ: FRGT), a leading technology company developing innovative solutions powered by AI and machine learning to optimize and automate the supply chain process, has been spotlighted as an example of early adoption of leading-edge technology. The company, which provides its Fr8App platform for B2B cross-border shipping, Fr8now for LTL shipping services and Fr8Fleet for dedicated capacity to enterprise companies in the USMCA region, was specifically cited for its implementation of advanced markers from Google Maps Platform on it exclusive Fr8App platform to improve the user experience. The recognition came following Google's annual developer conference in a Google Maps Platform blog…

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FridayMay 19, 2023 12:38 pm

NetworkNewsBreaks – InMed Pharmaceuticals Inc. (NASDAQ: INM) CEO Featured in Upcoming Water Tower Research Fireside Chat

InMed Pharmaceuticals (NASDAQ: INM), a leader in the pharmaceutical research, development, manufacturing and commercialization of rare cannabinoids and cannabinoid analogs, will be represented at an upcoming Water Tower Research Fireside Chat Series. The company announced that CEO Eric A. Adams will be the featured speaker at the May 23, 2023, fireside chat; the event is slated to begin at 1 p.m. ET. During the chat, Adams will present an overview of the company’s pharmaceutical development pipeline. He will also discuss subsidiary BayMedica and its anticipated impact on InMed's growth as well as upcoming catalysts for the company. A replay of the…

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ThursdayMay 18, 2023 3:00 pm

NetworkNewsBreaks – PaxMedica Inc. (NASDAQ: PXMD) Celebrates Listing and Autism Awareness

The PaxMedica (NASDAQ: PXMD) team recently gathered to ring the closing bell on the NASDAQ exchange, where its shares began trading in August 2022. The April 19 event coincided with Autism Awareness Month. “We’re aggressively working towards our most important goal: developing the first treatment for the core symptoms of autism spectrum disorder, and we will not stop until we get there,” PaxMedica CEO Howard Weisman said in his opening remarks. For more information, visit https://nnw.fm/GVNxR About PaxMedica Inc. PaxMedica is a clinical stage biopharmaceutical company focusing on the development of anti-purinergic drug therapies (“APT”) for the treatment of disorders…

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ThursdayMay 18, 2023 2:53 pm

NetworkNewsBreaks – FinovateSpring Event Partners with IBN for Key Communications, Coverage

Informa, an international events, digital services and academic knowledge group, has announced that NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company part of IBN ("InvestorBrandNetwork") will once again serve as the official newswire for FinovateSpring. The three-day event is slated for May 23–25, 2023, and will be returning to an in-person format; it will be held in San Francisco. According to the announcement, the prestigious gathering is designed to provide the more than 1,200 participants with relevant and essential information regarding cutting-edge technologies in the world of global finance as well as a detailed roadmap for building a competitive edge in…

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ThursdayMay 18, 2023 2:47 pm

NetworkNewsBreaks – Lexaria Bioscience Corp.’s (NASDAQ: LEXX) Study Demonstrates Significant Enhancement in Oral Estradiol Delivery

Lexaria Bioscience (NASDAQ: LEXX, LEXXW), a global innovator in drug delivery platforms, today announced successful completion of its animal study HOR-A22-1, showing significant enhancement in the oral delivery of the estrogen hormone estradiol, an important component of therapeutic products in the women’s health sector. According to the update, the DehydraTECH-estradiol formulation achieved an average peak concentration in the bloodstream (or “Cmax”) of 5.65ng/mL, roughly nine times (900%) higher than that achieved with the control formulation at only 0.63 ng/mL. In addition, with estradiol known to be quickly converted into the metabolite estrone by cells in the uterus, mammary glands and…

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ThursdayMay 18, 2023 1:27 pm

NetworkNewsBreaks – HeartBeam Inc. (NASDAQ: BEAT) Announces FDA 510(k) Submission of HeartBeam AIMIGo(TM) Solution

HeartBeam (NASDAQ: BEAT), a cardiac technology company that has developed the first and only 3D vector electrocardiogram (“VECG”) platform intended for patient use at home, today announced it has submitted a 510(k) application to the U.S. Food and Drug Administration (“FDA”) for its HeartBeam AIMIGo(TM) System. The HeartBeam AIMIGo System is a personal, portable and easy-to-use VECG solution to assist patients and their clinicians in assessing cardiac symptoms. The breakthrough solution employs a reusable, credit card-sized, VECG recording device and cloud-based software to deliver critical data in real-time outside of a medical setting. “The 510(k) submission of our HeartBeam AIMIGo…

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ThursdayMay 18, 2023 11:46 am

NetworkNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Reports that Common Stock Has Met NASDAQ $1 Minimum Bid Price Requirement

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has reported that its stock has traded above NASDAQ’s $1 minimum bid price requirement for 10 consecutive days, a key guideline to meet NASDAQ trading requirements. In September 2022, the company was notified by NASDAQ that its common stock no longer met the minimum $1 bid price per share requirement. Consequently, the company was given 180 calendar days to regain compliance; that deadline was extended another 180 days earlier this year. In an effort to meet the requirement, Mullen implemented a reverse stock split, effective May 4, 2023. As a…

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ThursdayMay 18, 2023 11:35 am

NetworkNewsBreaks – EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQB: EVGIF) Anticipates Releasing Q1 2023 Financial Report Next Week

EverGen (TSX.V: EVGN) (OTCQX: EVGIF), Canada’s renewable natural gas (“RNG”) infrastructure platform, plans to release its 2023 first-quarter financial results next week; the company announced it would release the report on May 24, 2023, after market close. In addition, the company announced plans to host a webinar at 10 a.m. ET on May 25, 2023. EverGen CEO will facilitate the event and will discuss the company’s results as well as provide a corporate update. To view the webinar, visit https://nnw.fm/8kMkT To view the full press release, visit https://nnw.fm/S4IHt About EverGen Infrastructure Corp. EverGen, Canada’s renewable natural gas infrastructure platform, is combating…

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