RedChip Companies
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Weekly Newsletter
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Zomedica Corp. Reports Impressive Q1 2023 Financial Results with 45% Increase in Revenue
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Veterinary health company Zomedica Corp. (NYSE American: ZOM) announced a strong Q1 2023 revenue of $5.5 million, marking a 45% increase from Q1 2022. The company's diagnostic segment revenue saw a staggering 300% growth, while therapeutic segment revenue rose by 38%. Gross margins reached 70% as Zomedica continues to transition its distribution and manufacturing processes. The company also launched VetGuardian, a zero-touch vital signs remote monitoring system, and began manufacturing TRUVIEWTM digital microscopy systems. With plans for further product launches and potential M&A opportunities, Zomedica is well-positioned to maintain its growth momentum.
For more information, visit www.zomedica.com
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Soligenix Announces Scheduling of Type A Meeting with the U.S. FDA to Review Proposed Study Design for a Second Phase 3 Study Evaluating HyBryte™ in the Treatment of Cutaneous T-Cell Lymphoma
Soligenix (Nasdaq: SNGX) has secured a high-priority Type A meeting with the FDA to discuss a second Phase 3 study for its groundbreaking HyBryte™ treatment for early-stage cutaneous T-cell lymphoma (CTCL), a rare cancer. The first Phase 3 trial yielded statistically significant results, and the innovative photodynamic therapy uses safe visible light activation, avoiding the risks associated with ultraviolet exposure. With orphan drug and fast track designations from the FDA and orphan designation from the EMA, investors should stay tuned for further updates on this promising development in CTCL treatment.
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Reviva Pharmaceuticals Announces Intent to File an IND for Brilaroxazine in Psoriasis After Promising Preclinical Data
Reviva Pharmaceuticals (Nasdaq: RVPH) presented data on its novel serotonin-dopamine stabilizer, brilaroxazine, at the prestigious ISID Meeting in Tokyo. The preclinical data shows promising results in reducing psoriasis severity and associated biomarkers. With a well-tolerated safety profile and proven efficacy in schizophrenia patients, brilaroxazine lipogel could revolutionize the treatment landscape for psoriasis – a condition affecting 125 million people worldwide. Reviva plans to submit an investigational new drug application for brilaroxazine lipogel in psoriasis in 2024.
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Introducing Inspira™ Technologies’ VORTX™: The Future of Blood Oxygenation
Inspira Technologies' (Nasdaq: IINN) latest innovation, the VORTX™ Blood Oxygenator., aims to revolutionize acute respiratory care. This breakthrough technology is designed to imitate lung function by efficiently saturating blood with oxygen and removing carbon dioxide. With the potential to transform the $1.16 billion perfusionists systems market, the VORTX™ Blood Oxygenator targets around two million extracorporeal procedures per year, including open-heart surgeries and ECMO treatments.
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ASP Isotopes Secures Lucrative Multi-Year Carbon-14 Supply Agreement
ASP Isotopes Inc. (NASDAQ:ASPI) announced a significant supply agreement for highly enriched Carbon-14 with Canadian company RC-14. The contract, worth a minimum annual revenue of approximately $2.5 million and targeted annual revenue of approximately $3.8 million, will involve enriching Carbon-14 at ASP Isotopes' Light Isotope Enrichment Facility in South Africa. With production expected to commence in 2H 2023, this deal positions ASP Isotopes as a vital alternative supplier of Carbon-14, a critical radiolabel in drug discovery and metabolism. This strategic partnership aims to address global supply chain issues and offers investors an enticing opportunity in the advanced materials sector.
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Upcoming Events |
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NASDAQ: BIVI - BioVie |
4:15pm Eastern |
BioVie Inc. (NASDAQ: BIVI) is a clinical-stage company developing what it believes will be transformative therapies to overcome unmet medical needs in neurodegeneration and liver disease. |
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NASDAQ: SNGX - Soligenix |
4:15pm Eastern |
Soligenix Inc is a late-stage biopharmaceutical company based in the United States. It focuses on developing and commercializing products to treat rare diseases where there is an unmet medical need. |
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NASDAQ: LTRN - Lantern Pharma |
4:15pm Eastern |
Lantern Pharma is a clinical stage oncology-focused company who is harnessing the power of Artificial Intelligence and Genomics to develop precision cancer therapies. |
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NYSE American: GNS - Genius Group |
11:00am Eastern |
Genius Group is a world leading entrepreneur Edtech and education group, with a mission to disrupt the current education model with a student-centered, life-long learning curriculum that prepares students with the leadership, entrepreneurial and life skills to succeed in today’s market. |
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NASDAQ: STSS - Sharps Technology |
4:15pm Eastern |
Sharps Technology is a medical device and pharmaceutical packaging company specializing in the development and manufacturing of innovative drug delivery systems. |
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NASDAQ: ALAR - Alarum Technologies |
11:00am Eastern |
Alarum Technologies Ltd. is an Israel-based company engaged in the information security business. It controls and secures data exchange, preventing data exfiltration, leakage, malware, ransomware, and fraud. |
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NASDAQ: BFRG - BullFrog AI |
4:15pm Eastern |
BullFrog AI is a digital technology company using machine learning to usher in a new era of precision medicine. |
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NASDAQ: ASPI - ASP Isotopes |
4:15pm Eastern |
ASP Isotopes Inc is a pre-commercial stage advanced materials company dedicated to the development of technology and processes that, if successful, will allow for the production of isotopes that may be used in several industries. |
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Archive Events |
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NASDAQ: BFRG - BullFrog AI |
Meeting Duration 35 minutes |
BullFrog AI is a digital technology company using machine learning to usher in a new era of precision medicine. |
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NASDAQ: UNCY - Unicycive Therapeutics |
Meeting Duration 28 minutes |
Unicycive Therapeutics Inc is a biotechnology company dedicated to developing treatments for certain medical conditions. |
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NASDAQ: ASPI - ASP Isotopes |
Meeting Duration 32 minutes |
ASP Isotopes Inc is a pre-commercial stage advanced materials company dedicated to the development of technology and processes that, if successful, will allow for the production of isotopes that may be used in several industries. |
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NASDAQ: GENE - Genetic Technologies Limited |
Meeting Duration 30 minutes |
Genetic Technologies Limited is a diversified molecular diagnostics company developing tools for the prediction and assessment of chronic disease risk to help physicians proactively manage patient health. |
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NASDAQ: IINN - Inspira Technologies |
Meeting Duration 38 minutes |
Inspira Technologies Oxy BHN Ltd is a specialty medical device company engaged in the research, development, manufacture, and marketing of proprietary respiratory support technology that is intended to provide an alternative to invasive mechanical ventilation (MV), which is the standard of care today for the treatment of respiratory failure. |
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NASDAQ: ALAR - Alarum Technologies |
Meeting Duration 37 minutes |
Alarum Technologies Ltd. is an Israel-based company engaged in the information security business. It controls and secures data exchange, preventing data exfiltration, leakage, malware, ransomware, and fraud. |
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NASDAQ: RVSN - Rail Vision |
Meeting Duration 44 minutes |
Rail Vision is the leading provider of obstacle detection and classification systems in the railway industry. |
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NASDAQ: ARDS - Aridis Pharmaceuticals |
Meeting Duration 40 minutes |
Aridis Pharmaceuticals, Inc. discovers and develops novel anti-infective therapies to treat life-threatening infections, including anti-infectives to be used as add-on treatments to standard-of-care antibiotics. |
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NASDAQ: DGLY - Digital Ally |
Meeting Duration 31 minutes |
Digital Ally Companies is a diversified holding company with operations in video solution technology, human and animal health protection products, healthcare revenue cycle management, ticket brokering and marketing, and event production. |
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NASDAQ: STSS - Sharps Technology |
Meeting Duration 47 minutes |
Sharps Technology is a medical device and pharmaceutical packaging company specializing in the development and manufacturing of innovative drug delivery systems. |
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OTC: EBZT - Everything Blockchain |
Meeting Duration 24 minutes |
Everything Blockchain is a development, engineering, and services company specializing in Blockchain technologies and decentralized processing. |
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Lesson of the Week
Learn how fear and greed impact investing.
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MidSouth Week in Review
Inflation slowed to 4.9%, lowest since April 2021. Job satisfaction hit a 36-year high in 2022.
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