In a significant development for hereditary angioedema (HAE) patients, Ionis Pharmaceuticals, Inc. (Nasdaq: IONS) announced that the U.S. Food and Drug Administration (FDA) has accepted its New Drug Application (NDA) for donidalorsen, an investigational RNA-targeted therapy designed to prevent HAE attacks in individuals aged 12 and older. The FDA has set a Prescription Drug User […]
Portabull Cold Storage (Portabull) has announced a transformative acquisition of Portable Refrigeration Storage, Inc. (PRS), adding PRS’s resources to its leading fleet of electric-powered, temporary on-site cold storage units. This move not only boosts Portabull’s capacity but also extends its advanced, eco-friendly solutions to PRS’s well-established client base across the Southeast United States. With a […]
Parke Bancorp, Inc. reported a significant net income increase of $7.5 million for Q3 2024, a 16.3% rise over Q2 2024 and an impressive 634.1% surge compared to Q3 2023. The surge was primarily due to the absence of a $9.5 million loss recorded in the previous year’s Q3. Revenue also rose to $33.0 million, […]
ICM, Inc., a leading provider of biorefining technologies, has successfully commissioned its cutting-edge FOT Oil Recovery system at Elite Octane, LLC’s ethanol production facility in Atlantic, Iowa. The installation, which is now fully operational, has surpassed projected oil recovery and performance benchmarks, solidifying its impact in the industry. ICM’s FOT Technology Gains Traction The Elite […]
MetroCity Bankshares, Inc. (NASDAQ: MCBS), the holding company for Metro City Bank, has disclosed its financial performance for the third quarter of 2024. The report highlights a net income of $16.7 million, equivalent to $0.65 per diluted share. Although this figure is slightly below the $16.9 million or $0.66 per diluted share recorded in the […]
Honda Aircraft Company has taken the drastic step of terminating its Fleet Purchase Agreement with Volato Group, Inc., a move that leaves the private aviation company scrambling to recalibrate its growth strategy. The deal, signed in May 2023, involved the acquisition of 23 HondaJet HA-420 aircraft worth $161.6 million, with deliveries scheduled from late 2023 […]
Conifer Holdings, Inc., a Michigan-based insurance holding company, has made waves in the market following a significant business move that saw its shares jump by 76%. The company recently completed the sale of its insurance agency operations for $45 million. This sale, which also includes potential additional earn-out payments of up to $25 million based […]
Paltalk, Inc., a multimedia communications software company, has been awarded $65.7 million by a jury in a patent infringement lawsuit against Cisco Systems, Inc., marking a significant legal victory. The jury in the District Court for the Western District of Texas determined that Cisco had violated U.S. Patent No. 6,683,858, which is owned by Paltalk. […]
Mitsubishi Power, a leading brand under Mitsubishi Heavy Industries, Ltd. (MHI), has been awarded a significant contract by Samsung C&T Corporation Saudi Arabia. The deal involves supplying its cutting-edge M501JAC combined-cycle gas turbine for a new cogeneration plant project in Saudi Arabia. This project, developed by a consortium led by Abu Dhabi National Energy Company […]
AirSculpt Technologies, Inc. (NASDAQ: AIRS), renowned for its premium body contouring services, has expanded its footprint with the grand opening of its new center in Columbus, Ohio. Located at 4100 Regent Street, Suite 4-H, Columbus, Ohio 42319, this new facility represents the company’s 29th location and highlights its ongoing commitment to providing cutting-edge body sculpting […]