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Applied Molecular Transport Inc. (AMTI) reported top-line phase 2 results from the MARKET combination trial for AMT-101 in biologic-naïve patients with moderate-to-severe ulcerative colitis. The company said these data suggest that combination treatment with AMT-101 earlier in the course of ulcerative...

Medical technology company Inspire Medical Systems, Inc. (INSP) announced Wednesday that the U.S. Food and Drug Administration (FDA) has approved additional magnetic resonance imaging (MRI) scan conditions for use with Inspire therapy. This full-body MRI approval expands the Inspire use labeling that...

Truist Financial Corp. (TFC) announced the company will boost minimum U.S. hourly pay rate to $22 effective Oct. 1. Previously, the company's minimum wage ranged from $15-$18 per hour. The company said the new wage will positively impact approximately 14,000 Truist teammates, including 81% in client-facing...

Immunome Inc. (IMNM) said Wednesday that its COVID-19 cocktail (IMM-BCP-01) retains neutralizing activity against the most prevalent omicron subvariants in the U.S, BA.4/5 and BA.2.12.1. IMM-BCP-01 is a three-antibody cocktail targeting non-overlapping regions of the Spike protein of SARS-CoV-2, including...

Catalyst Biosciences, Inc. (CBIO) announced Wednesday that the Delaware Court of Chancery has denied the motion for expedited proceedings in the action brought by the plaintiff, JDS1, LLC. In making its determination, the Court ruled that it "[did] not view [JDS1's disclosure] claim as colorable"...

Shaw Communications Inc. (SJR) announced the early mediation between Rogers Communications Inc. (RCI.TO, RCI), Shaw, and the Commissioner of Competition did not result in a resolution of the Commissioner's objections to the proposed merger. The review process will continue as previously announced. Rogers...

Coherus BioSciences, Inc. (CHRS) and Shanghai Junshi Biosciences Co., Ltd. announced Wednesday that the U.S. Food and Drug Administration (FDA) has accepted for review the Biologics License Application (BLA) resubmission for toripalimab in combination with gemcitabine and cisplatin as first-line treatment...

Investment management firm AllianceBernstein Holding L.P. (AB) and AllianceBernstein L.P. announced Wednesday it has appointed Kate Burke as Chief Financial Officer, effective immediately. She assumes this role while maintaining her role as Chief Operating Officer. Burke has stepped down from her...

InflaRx N.V. (IFRX) announced the FDA granted a Fast Track designation to the development of the company's anti-C5a monoclonal antibody vilobelimab for the treatment of ulcerative pyoderma gangrenosum. The company noted that the Fast track follows recently reported orphan drug designation by FDA and...

Industrial gases company Air Products (APD) announced Wednesday the signing of a joint development agreement to drive forward the "Humber Hydrogen Hub" or "H3", which seeks to develop a flagship 800MW low-carbon hydrogen production facility in Immingham, UK. The majority of hydrogen produced would...

The United States Food and Drug Administration has awarded Rare Pediatric Disease Designation to Kazia Therapeutics Ltd's (KZIA, KZA.AX) paxalisib for the treatment of atypical rhabdoid / teratoid tumors, a rare and highly-aggressive childhood brain cancer, the company said in a statement. In Wednesday...

The Competition and Markets Authority (CMA) said Wednesday it is investigating Amazon.com (AMZN) over concerns that practices affecting sellers on its UK Marketplace may be anti-competitive and could result in a worse deal for customers. This new investigation follows a current European Commission...

Tyson Foods, Inc. (TSN) and Saudi-based Tanmiah Food Company have entered into a strategic partnership. Tyson Foods will acquire a 15% equity stake in Tanmiah unit Agriculture Development Company and a 60% equity stake in Supreme Foods Processing Company. ADC is a fully integrated poultry company which...

Vista Outdoor Inc. (VSTO), a manufacturer of outdoor sports and recreation products, announced Wednesday that it has entered into a definitive agreement to acquire Irvine, California-based Fox Racing for $540 million. The deal also has the potential for an additional $50 million earnout based on Fox...

Comscore, Inc. (SCOR) announced Wednesday that Jon Carpenter, who has served as the company's chief financial officer since November 2021, has been appointed by Comscore's board of directors as chief executive officer, effective today. This announcement caps off a full search of external and internal...

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