Avenue Therapeutics Inc ( ATXI ) shares are trading lower by 28.5% to $0.09 during Wednesday’s session after the company announced a reverse stock split. The company is implementing a 1-for-75 reverse stock split of its common stock, effective April 26. This decision, approved by the company’s Board of Directors and a majority of stockholders, aims to meet Nasdaq’s requirement...

11:36 AM EDT, 04/24/2024 (MT Newswires) -- Moderna ( MRNA ) and OpenAI said Wednesday they will continue to collaborate to launch a new generation of medicines. The drugmaker and Microsoft ( MSFT )-backed (MSFT) OpenAI started their collaboration in early 2023 with the launch of Moderna's ( MRNA ) own instance of ChatGPT, called mChat. Moderna ( MRNA )...

April 24 (Reuters) - The California Institute of Technology has agreed to drop its lawsuit accusing HP Inc ( HPQ ) of infringing patents related to wireless communications, according to a filing in Texas federal court. Caltech and HP told the U.S. District Court for the Western District of Texas on Tuesday that they would dismiss the case with prejudice,...

11:33 AM EDT, 04/24/2024 (MT Newswires) -- Ascendis Pharma ( ASND ) said Wednesday that the UK's Medicines and Healthcare Products Regulatory Agency has granted marketing authorization for Yorvipath as a parathyroid hormone, or PTH, replacement therapy to treat adults with chronic hypoparathyroidism. The UK regulator also granted orphan drug status to Yorvipath, or palopegteriparatide, providing 10 years of market...