February 23, 2024

24/7 Market News Lunch Break 31 Jan 2024

DENVER, Colo., Jan. 31, 2024 (www.247marketnews.com)- The following companies published announcements or are trading higher on higher-than-usual midday volume; Trinity Biotech PLC (NASDAQ:TRIB), Connexa Sports Technologies Inc (NASDAQ:CNXA), Ensysce Biosciences (NASDAQ:ENSC), Plug Power Inc (NASDAQ:PLUG), 2Seventy Bio (NASDAQ:TSVT).

News

Connexa Announces that it has regained compliance with the Nasdaq Minimum Shareholder Equity Rule- Connexa Sports Tech (NASDAQ:CNXA) is trading at $0.4395, up $0.2407 (+121.08%), on 201.4M shares traded.

Connexa Sports Technologies Inc. is a leading connected sports company delivering products, technologies, and Sport-as-a-Service across a range of sport verticals. Connexa’s mission is to reinvent sports through technological innovation driven by an unwavering focus on today’s sports consumer.

Website www.connexasports.com

Ensysce Biosciences Announces Positive End of Phase 2 Meeting with FDA for PF614 to Treat Severe Pain- Ensysce Biosciences (NASDAQ:ENSC) is trading at $1.60, up $0.17 (+211.46%), on 16.6M shares traded.

Ensysce Biosciences is a clinical-stage company using its proprietary technology platforms to develop safer prescription drugs. Leveraging its Trypsin-Activated Abuse Protection (TAAPTM) and Multi-Pill Abuse Resistance (MPAR®) platforms, the Company is developing unique, tamper-proof treatment options for pain that minimize the risk of both drug abuse and overdose. Ensysce’s products are anticipated to provide safer options to treat patients suffering from severe pain and assist in preventing deaths caused by medication abuse. The platforms are covered by an extensive worldwide intellectual property portfolio for a wide array of prescription drug compositions.

Website www.ensysce.com.

Trinity Biotech Announces Q3 2023 Financial Results & Business Update; Trinity Biotech Announces Acquisition of the CGM Assets of Waveform Technologies, Inc.; and Trinity Biotech Announces Entry into a Letter of Intent with Bayer for a Joint Partnership to Launch a CGM Biosensor Device in China and India- Trinity Biotech (NASDAQ:TRIB) is trading at $0.556, up $0.116 (+26.44%), on 19.8M shares traded.

Trinity Biotech develops, acquires, manufactures and markets diagnostic systems, including both reagents and instrumentation, for the point-of-care and clinical laboratory segments of the diagnostic market. The products are used to detect infectious diseases and to quantify the level of Haemoglobin A1c and other chemistry parameters in serum, plasma and whole blood. Trinity Biotech sells direct in the United States, Germany, France and the U.K. and through a network of international distributors and strategic partners in over 75 countries worldwide.

Website: www.trinitybiotech.com

Today’s momentum movers include; 

Plug Power (NASDAQ:PLUG) is trading at $4.39, up $0.66 (+17.69%), on 55M shares traded. Today’s high is $4.47.

Plug is building an end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. In creating the first commercially viable market for hydrogen fuel cell technology, the company has deployed more than 60,000 fuel cell systems and over 180 fueling stations, more than anyone else in the world, and is the largest buyer of liquid hydrogen.

Website www.plugpower.com.

Minim (NASDAQ:MINM) is trading at $4.07, up $1.53 (+60.24%), on 51.8M shares traded.

Minim, Inc. was born in 1977 as a networking company and now delivers intelligent software to protect and improve the WiFi connections we depend on to work, learn, and live. Minim’s cloud platform powers intuitive apps and a variety of routers, helping customers take control of their connected experience and privacy. Minim is headquartered in Manchester, N.H.

Website www.minim.com

OneMedNet (NASDAQ:ONMD) announced, on Monday, that it’s participating as an Exhibitor at the 15ᵗʰ Annual SCOPE Summit, today OneMedNet is trading at $1.68, up $0.18 (+12.00%), on 11.1M shares traded.

OneMedNet was the first company to trademark a RWD offering through its OneMedNet iRWD solution that utilizes AI to securely de-identify, search, and curate imaging data for the benefit of its partner network consisting of medical and academic research institutions to generate progression in stages of medical research, discovery and diagnostics that span the field of life sciences. OneMedNet integrates AI and other digital technologies into their existing development processes to enhance data anomaly detection, standardization, and quality checking at the pre-processing stage. AI offers OneMedNet’s partners and customers the ability to increase meaningful Real World Evidence output, decrease time to insights, and make the most of the available vast data sources.

Website: www.onemednet.com

2Seventy Bio (NASDAQ:TSVT) is trading at $5.36, up $1.34 (+33.54%), on 4.5M shares traded. We covered this yesterday and it continues to trade well.

“Our name, 2seventy bio, reflects why we do what we do – TIME. Cancer rips time away, and our goal is to work at the maximum speed of translating human thought into action – 270 miles per hour – to give the people we serve more time. We are building the leading immuno-oncology cell therapy company, focused on discovering and developing new therapies that truly disrupt the cancer treatment landscape. With a deep understanding of the human body’s immune response to tumor cells and how to translate cell therapies into practice, we’re applying this knowledge to deliver next generation cellular therapies that focus on a broad range of hematologic malignancies, including the first FDA-approved CAR T cell therapy for multiple myeloma, as well as solid tumors. Our research and development is focused on delivering therapies that are designed with the goal to “think” smarter and faster than the disease. Importantly, we remain focused on accomplishing these goals by staying genuine and authentic to our “why” and keeping our people and culture top of mind every day.”

Website: www.2seventybio.com  

SEALSQ (NASDAQ:LAES) is trading at $2.07, up $0.25 (+13.65%), on 1.7M shares traded.

SEALSQ focuses on selling integrated solutions based on Semiconductors, PKI and Provisioning services, while developing Post-Quantum technology hardware and software products. Our solutions can be used in a variety of applications, from Multi-Factor Authentication tokens, Smart Energy, Smart Home Appliances, and IT Network Infrastructure, to Automotive, Industrial Automation and Control Systems.

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