Raphael Pharmaceutical Inc. $RAPH reports dual leadership transitions: Chairman Dhadha departing June 30 and CFO/General Counsel Ofir departing July 16. Both cited no disagreement with the company. #biotech
Four Leaf Acquisition Corp ($FOURQ) terminates merger agreement with its sole target after approximately seven months. The SPAC faces uncertainty following four director resignations within five weeks, with no identified acquisition pros...
Inhibrx Biosciences secured $100M in Term C financing with potential for $225M more, providing non-dilutive capital to advance ozekibart and INBRX-106 through key data milestones. $INBX #biotech
Intuitive Surgical reports broad-based beat across procedures, placements, and margins. da Vinci 5 ramp and Ion acceleration both demonstrate strong momentum in Q3 results. $ISRG #biotech
$FRMM closed $12M acquisition of CFM56-7B engine, now revenue-generating under active lease. Fifth engine expected imminently. Real-world asset tokenization strategy in early stages. #biotech
TOMI Environmental Solutions ($TOMZ) announced a reverse stock split as it addresses share price levels. The action typically reflects compliance considerations rather than operational developments. #biotech
SharonAI Holdings Inc. $SHAZ announced a large partnership contract expanding contracted capacity to 116MW of 132MW total. Revenue recognition deferred to 2027. Counterparty details remain undisclosed. #biotech
Cardiff Oncology prices $9.75M public offering at $1.05/share, adding ~9.3M shares plus warrants. Insider participation noted at $1.435. No near-term clinical catalysts disclosed. $CRDF #biotech
Arbutus Biopharma reports $178M cash position and announces $230M shareholder return program alongside international IP enforcement actions against Pfizer/BioNTech. $ABUS #biotech
$ATAI to merge with Beckley in definitive agreement at $6.75/share cash plus contingent value rights up to $2.50 tied to BPL-003/VLS-01 clinical milestones. Deal values equity at ~$2.8B. #biotech
INSM reports positive open-label extension data for TPIP in pulmonary arterial hypertension, showing 6-minute walk distance improvement of 55m and NT-proBNP reduction of 60%. Phase 3 PALM-PAH trial remains pivotal. #biotech $INSM