24/7 Market News Snapshot 26 Jan 2024
DENVER, Colo., Jan. 26, 2024 (247marketnews.com)- The following companies published announcements or are trading higher on higher-than-usual volume; Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP), Phunware Inc (NASDAQ:PHUN), ParaZero Technologies Ltd. (NASDAQ:PRZO), Aclarion Inc (NASDAQ:ACON), Panbela Therapeutics Inc (NASDAQ:PBLA), Porch Group Inc (NASDAQ:PRCH).
News
CRB-701 (SYS6002) A Next Generation Nectin-4 Targeting Antibody Drug Conjugate Demonstrates Encouraging Safety and Efficacy in Patients with Nectin-4 Positive Tumors in First-In-Human Study Presented at ASCO-GU 2024- Corbus Pharmaceuticals (NASDAQ:CRBP) is trading at $19.27 up $10.83 (+128.32%), on 7.1M shares traded.
Corbus Pharmaceuticals Holdings, Inc. is a precision oncology company with a diversified portfolio and is committed to helping people defeat serious illness by bringing innovative scientific approaches to well understood biological pathways. Corbus’ pipeline includes CRB-701, a next generation antibody drug conjugate that targets the expression of Nectin-4 on cancer cells to release a cytotoxic payload, CRB-601, an anti-integrin monoclonal antibody which blocks the activation of TGFβ expressed on cancer cells, and CRB-913, a highly peripherally restricted CB1 inverse agonist for the treatment of obesity. Corbus is headquartered in Norwood, Massachusetts. For more information on Corbus, visit corbuspharma.com.
Phunware Appoints Industry Veteran Elliot Han to its Board of Directors- Phunware (NASDAQ:PHUN) is trading at $0.32 up $0.02 (+5.69%), on 45.1M shares traded.
Phunware’s mission is to achieve unparalleled connectivity and monetization through widespread adoption of Phunware technologies, by leveraging brands, mobile consumers, partners and digital asset holders and market participants. With the activation of Phunware 3.0, Phunware is poised to expand its software products and services audience and verticals, utilize and monetize its patents and other intellectual property rights and interests, and update and reintroduce its digital asset ecosystem for existing holders and new market participants.
ParaZero Has Enabled Precedent-Setting Light UAS Operator Certificate Approval in Denmark- ParaZero Technologies Ltd. (NASDAQ:PRZO) is trading at $0.85 up $0.17 (+25.36%), on 13.2M shares traded.
ParaZero (https://parazero.com/ ) is a developer of autonomous parachute safety systems for commercial drone and urban air mobility (UAM) aircraft. Started in 2014 by a passionate group of aviation professionals and drone industry veterans, ParaZero designs smart, autonomous parachute safety systems designed to enable safe flight operations overpopulated areas and beyond-visual-line-of-sight (BVLOS).
Porch Group Receives $25M with Signing of Strategic Agreement with Aon- Porch Group (NASDAQ:PRCH) is trading at $2.81, up $0.49 (+21.43%), on 936K shares traded.
Seattle-based Porch Group, Inc., the vertical software and insurance platform for the home, provides software and services to approximately 30,700 home services companies such as home inspectors, mortgage companies and loan officers, title companies, moving companies, real estate agencies, utility companies, and warranty companies. Through these relationships and its multiple brands, Porch Group provides a moving concierge service to homebuyers, helping them save time and make better decisions on critical services, including insurance, warranty, moving, security, TV/internet, home repair and improvement, and more. To learn more about Porch Group, visit porchgroup.com or porch.com.
This morning’s momentum movers include;
Inspire Veterinary Partners Inc (NASDAQ:IVP) is trading at $0.42, up $0.23 (+119.28%), on 38.6M shares traded.
Inspire Veterinary Partners is an owner/operator of veterinary hospitals across the United States. As the Company expands, it expects to acquire additional veterinary hospitals, including general practice, mixed animal facilities, and critical and emergency care.
For more information, visit www.inspirevet.com.
Cyngn (NASDAQ:CYN) is trading at $0.30, up $0.08 (+39.02%), on 19.8M shares traded.
Cyngn develops and deploys scalable, differentiated autonomous vehicle technology for industrial organizations. Cyngn’s self-driving solutions allow existing workforces to increase productivity and efficiency. The Company addresses significant challenges facing industrial organizations today, such as labor shortages, costly safety incidents, and increased consumer demand for eCommerce.
Aclarion (NASDAQ:ACON) is trading at $2.97, up $1.11 (+59.52%), on 9.5M shares traded.
Aclarion is a healthcare technology company that leverages Magnetic Resonance Spectroscopy (“MRS”), proprietary signal processing techniques, biomarkers, and augmented intelligence algorithms to optimize clinical treatments. The Company is first addressing the chronic low back pain market with Nociscan, the first, evidence-supported, SaaS platform to noninvasively help physicians distinguish between painful and nonpainful discs in the lumbar spine. Through a cloud connection, Nociscan receives magnetic resonance spectroscopy (MRS) data from an MRI machine for each lumbar disc being evaluated. In the cloud, proprietary signal processing techniques extract and quantify chemical biomarkers demonstrated to be associated with disc pain. Biomarker data is entered into proprietary algorithms to indicate if a disc may be a source of pain. When used with other diagnostic tools, Nociscan provides critical insights into the location of a patient’s low back pain, giving physicians clarity to optimize treatment strategies. For more information, visit www.aclarion.com.
Panbela Therapeutics (NASDAQ:PBLA) is trading at $4.66, up $1.41 (+43.38%), on 6.7M shares traded.
The pipeline consists of assets currently in clinical trials with an initial focus on familial adenomatous polyposis (FAP), first-line metastatic pancreatic cancer, neoadjuvant pancreatic cancer, colorectal cancer prevention and ovarian cancer. The combined development programs have a steady cadence of anticipated catalysts with programs ranging from pre-clinical to registration studies.
Canaan (NASDAQ:CAN) is trading at $1.575, up $0.125 (+8.62% ), on 2.2M shares traded.
Established in 2013, Canaan Inc. is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan’s vision is “super computing is what we do, social enrichment is why we do it.” Canaan has extensive experience in chip design and streamlined production in the ASIC field. In 2013, under the leadership of Mr. Nangeng Zhang, founder and CEO, Canaan’s founding team shipped to its customers the world’s first batch of mining machines incorporating ASIC technology in Bitcoin’s history under the brand name, Avalon. In 2019, Canaan completed its initial public offering on the Nasdaq Global Market.
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