RedChip Companies
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Weekly Newsletter
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60 Degrees Pharma Announces IRB Approval of Phase IIA Study to Evaluate Tafenoquine for Babesiosis, an Emerging Tick-Borne Disease; Type C Meeting Re-Scheduled by FDA to January 17, 2024
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60 Degrees Pharmaceuticals (Nasdaq: SXTP), a pharmaceutical company focused on developing new medicines for infectious diseases, announced the approval of an Investigational Review Board (IRB) sanctioned Phase IIA clinical study. The study aims to investigate the efficacy and safety of the ARAKODA® regimen of tafenoquine in combination with standard of care medications for treatment of hospitalized babesiosis patients at lower risk of relapse. Additionally, the U.S. Food and Drug Administration (FDA) rescheduled the Company’s previously announced January 15 Type C meeting to January 17, 2024, due to a federal holiday. The agenda and all material submitted by SXTP to FDA in support of the Type C meeting remain unchanged. Babesiosis is a potentially life-threatening, tick-borne illness steadily emerging in the United States. Total babesiosis patients in the U.S. may be approximately 47,000 per year based on the observation of 476,000 Lyme infections and an estimated babesiosis coinfection rate of 10 percent.
For more information, visit www.60degreespharma.com
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Royalty Management Holding Corporation Establishes Critical Mineral & Lithium Inventory Financing Division
Royalty Management (Nasdaq: RMCO), an innovative royalty company building shareholder value by acquiring and developing high value assets in sustainable market environments, announced that it has established a division of the Company that focuses on investment and development of the domestic energy storage and energy efficiency markets, with an initial focus on investing in the raw material supply chain of critical minerals by financing the creation of feedstock inventories from sources around the globe, to be later used in the refining of these strategic materials into high-grade materials for the creation of products focused on energy storage and efficiency, such as batteries and high-efficiency, permanent magnets.
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1847 Holdings Announces 1-for-4 Reverse Split
1847 Holdings (NYSE American: EFSH), a unique holding company that combines the attractive attributes of owning private, lower-middle market businesses with the liquidity and transparency of a publicly traded company, today announced that it will effect a 1-for-4 reverse split ("reverse split") of its common shares that will become effective on January 8, 2024. "We continue to execute on our strategy of acquiring undervalued, cash flow positive, lower-middle market businesses at attractive valuations," stated Ellery W. Roberts, CEO of 1847. "Nevertheless, the overall capital markets remain challenging, and we believe this reverse split will tighten the public float in our stock, enabling us to attract a broader universe of institutional and other investors given the traction in our business. This strategic restructuring as part of the Company's capitalization acknowledges that reality and better positions the Company for our serial accretive acquisitions going forward.”
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BullFrog AI Issues Letter to Shareholders
BullFrog AI (Nasdaq: BFRG), a technology-enabled drug development company using artificial intelligence (AI) and machine learning to enable the successful development of pharmaceuticals and biologics, issued a letter to shareholders from its CEO Vin Singh.
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Aditxt Announces $6 Million Private Placement Priced At-The-Market under Nasdaq Rules
Aditxt (Nasdaq: ADTX), an innovation company developing and commercializing technologies with a focus on monitoring and modulating the immune system, announced that it has entered into definitive agreements for the purchase and sale of an aggregate of 1,237,114 shares of common stock (or pre-funded warrant in lieu thereof) at a purchase price of $4.85 per share (or pre-funded warrant in lieu thereof) and accompanying warrant, in a private placement priced at-the-market under Nasdaq rules. Each share of common stock (or pre-funded warrant in lieu thereof) is being offered in the offering together with warrants to purchase two shares of common stock at an exercise price of $4.60 per share.
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Small Stocks Big Money™ Podcasts
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Upcoming Events |
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NASDAQ: BIAF - bioAffinity Technologies |
4:15pm Eastern |
bioAffinity Technologies addresses the urgent need for noninvasive, accurate early-stage cancer diagnosis and broad-spectrum cancer treatments. |
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NASDAQ: SPI - SPI Energy |
4:15pm Eastern |
SPI Energy is a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions that was founded in 2006 in Roseville, California and is headquartered in McClellan Park, California. |
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NASDAQ: ASPI - ASP Isotopes |
4:15pm Eastern |
ASP Isotopes is an isotope enrichment company utilizing technology developed in South Africa over the past 20 years to enrich isotopes of elements or molecules with low atomic masses. |
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Archive Events |
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NASDAQ: RVPH - Reviva Pharmaceuticals |
Meeting Duration 45 minutes |
Reviva is a Phase 3 clinical-stage biopharmaceutical company that discovers, develops and seeks to commercialize next-generation therapeutics for diseases representing unmet medical needs and burdens to society, patients, and their families. |
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Lesson of the Week
Some important things to remember when investing.
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MidSouth Week in Review
Gold hit 2089 from its recent 1996 level. The 30-year bond yield dropped below 4% from its recent 5%+ level.
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© 2024 Redchip Companies, Inc. All rights reserved
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