NetworkNewsBreaks

WednesdayMay 15, 2024 1:36 pm

NetworkNewsBreaks – NextPlat Corp (NASDAQ: NXPL) Announces Record Consolidated Q1 2024 Revenues, Improved Quarterly Margins

NextPlat (NASDAQ: NXPL, NXPLW), a global e-commerce provider, today announced record financial results for the first fiscal quarter ended March 31, 2024, which includes the consolidation of the operations of its e-commerce business with the results of its healthcare operations, Progressive Care Inc. (OTCQB: RXMD). “First quarter results continued to demonstrate the fundamental strength of NextPlat’s focus on the large healthcare services and global e-commerce technology markets and further demonstrates our team execution against its global growth plans,” said Charles M. Fernandez, executive chairman and CEO of NextPlat Corp. “Throughout the remainder of 2024, we are committed to maximizing and…

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WednesdayMay 15, 2024 1:23 pm

NetworkNewsBreaks – PaxMedica Inc. (PXMD) Appeals NASDAQ Delisting Decision, Prepares for June FDA Meeting

PaxMedica (OTC: PXMD), a biopharmaceutical company focused on advancing treatments for neurological disorders, has filed a formal notice of appeal with the NASDAQ Office of Appeals and Review; the company is appealing to reverse the decision of the NASDAQ Hearings Panel to delist the company from. The company also announced that it has retained Jacob Frenkel, Dickinson Wright, PLLC as its lead counsel in the appeal. According to the announcement, PaxMedica believes the hearings panel did not sufficiently or appropriately consider crucial aspects of the company’s recent achievements and ongoing actions to regain compliance. “We are seeking a reevaluation of…

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WednesdayMay 15, 2024 12:34 pm

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Releases Q2 2024 Financial, Business Result; Announces Expansion of Commercial EV Dealer Network

  Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, is reporting on the financial results and business highlights for the three and six months ended March 31, 2024. Key achievements during the quarter include receiving approval from the U.S. Department of Commerce for Foreign Trade Zone status at its Tunica, Mississippi, commercial vehicle manufacturing facility; adding national and regional fleet focus in the Midwest and West Coast and expanding its retail commercial dealer network with the addition of Pritchard EVs and National Auto Fleet Group; and receiving California Air Resource Board’s (“CARB”) HVIP approval for the Mullen THREE, Class…

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WednesdayMay 15, 2024 10:49 am

NetworkNewsBreaks – Correlate Energy Corp. (CIPI), Energetic Capital Collaborate to Unlock Large Untapped Market

Correlate (OTCQB: CIPI) today announced a shared projects pipeline initiative with Energetic Capital aimed at delivering renewable and distributed energy resources into underserved communities. The companies will combine forces to leverage Energetic Capital’s innovative financing structure coupled with Correlate Energy’s proficiency in renewable energy project development. The move ensures efficient access to initiatives like the EPA Greenhouse Gas Reduction Fund (“GGRF”), enabling the seamless execution of renewable energy projects. “Our mission is to make sure distributed energy is fairly distributed,” said Jeff McAulay, CEO of Energetic Capital. “Correlate is one of the industry leaders in delivering distributed energy solutions to…

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WednesdayMay 15, 2024 9:00 am

NetworkNewsBreaks – TC BioPharm (Holdings) PLC (NASDAQ: TCBP) Initiates Compassionate Use Program in the UK Expanding Access to TCB008

TC BioPharm (NASDAQ: TCBP), a clinical stage biotechnology company developing allogeneic gamma-delta T cell therapies for cancer and other indications, today announced that TCB008, its lead therapeutic, will be available to patients through a newly launched compassionate use program in the U.K. The announcement noted that this program will provide medical practitioners with treatment options for patients who are ineligible to access experimental treatments through ongoing clinical studies and those whose clinical needs cannot currently be met with licensed treatments. “In addition to helping patients, this step will increase our data set and knowledge around TCB-008 and inform a broader…

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WednesdayMay 15, 2024 8:30 am

NetworkNewsBreaks – NanoViricides (NYSE American: NNVC) Releases Q2 Financial Report

NanoViricides (NYSE American: NNVC), a global leader in broad-spectrum antiviral nanomedicines, has filed on its second-quarter 2024 financial results for the period ending March 31, 2024; the company filed the report with the U.S. Securities and Exchange Commission on May 14, 2024. Notable numbers from the report include cash and cash equivalent totaling $3.51 million, with additional agreements adding approximately $2.5 million more in available cash with property, equipment and intangible assets reported at approximately $7.92 million. The report also noted that the company has a clinical asset in NV-387 that is available for partnering, which could result in a…

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TuesdayMay 14, 2024 4:44 pm

NetworkNewsBreaks – InMed Pharmaceuticals Inc. (NASDAQ: INM) Releases Q3 Fiscal 2024 Financial Results, Business Update

InMed Pharmaceuticals (NASDAQ: INM), a clinical-stage pharmaceutical company focused on developing a pipeline of proprietary small molecule drug candidates, is reporting on its financial and business results for the third quarter of 2024, the period that ended March 31, 2024. Business highlights included the announcement of preclinical data supporting both the company’s INM-901 and INM-089 programs; the continued development of its ALZ program, with long-term behavioral and mechanism of action/receptor interaction studies underway; and the announcement of Dr. David G. Morgan, a leader in neurodegenerative disease, to the company’s scientific advisory board. The report also noted that BayMedica is operating…

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TuesdayMay 14, 2024 4:24 pm

NetworkNewsBreaks – GEMXX Corporation (GEMZ) Makes ‘Landmark Move,’ Enters Oil and Gas Exploration and Development Partnership

GEMXX (OTC: GEMZ), a leading provider of exquisite gemstone jewelry, has announced a partnership with Latin Energy Partners Inc. (“LEP”) that both companies are calling a “landmark move” in the pursuit of oil exploration and development. The strategic collaboration is designed to support the company’s expansion of its business mode. According to the announcement, the agreement outlines terms for the two companies to jointly drill four test wells in a promising geological formation in a Latin America country. The agreement is based on promising preliminary explorations in two target basins that have shown extensive sedimentary deposits conducive to successful oil…

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TuesdayMay 14, 2024 4:08 pm

NetworkNewsBreaks – Rejuvine Life Sciences Launches Crowdfunding Campaign

Rejuvine Life, dedicated to developing natural healthcare solutions, today announced a crowdfunding campaign to expand its U.S. product line and advance diabetes research management. According to the announcement, the company utilizes natural resources to support the millions worldwide living with diabetes. Skordo Plus, Rejuvine Life’s leading product, is a garlic-based supplement designed to help regulate blood sugar levels and enhance overall well-being. “We believe everyone deserves access to safe and effective healthcare solutions,” said Pat Theenathayalan, CEO of Rejuvine Life Sciences. “This crowdfunding campaign is a chance for individuals passionate about health to join us in making a significant impact…

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TuesdayMay 14, 2024 3:48 pm

NetworkNewsBreaks – Energy and Water Development Corp. (EAWD) Featured in The Harvest Podcast

Energy and Water Development Corp. (OTCQB: EAWD), a leading water and energy solutions provider, was featured in the latest episode of The Harvest Podcast, a series highlighting thought leaders, experts and breakthrough companies making disruptive and impactful contributions to society through groundbreaking initiatives. The company’s CEO Irma Velazquez, MSc joined the program to provide an introduction to EAWD and discuss its core values and mission. “Energy and Water Development Corp. is a leading engineering company focused on innovation relating to the generation of sustainable water and energy supply. Leveraging our intellectual property surrounding the configuration of our systems, we put…

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