Digital Asset DirectWHAT'S COOL FOR SCHOOL 2023
News Media Group, Inc.
Contact Details Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/
July 28, 2023 06:00 AM Eastern Daylight Time
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Digital Asset Direct
News ReleasePolkastream: Revolutionizing the OTT Streaming and Metaverse Gaming Industry
Polka Stream
The entertainment industry, particularly in the realms of streaming and gaming, presents a colossal market opportunity. Just on YouTube alone, users collectively consume over 1 billion hours of content daily. As digitalization advances, the streaming and gaming sectors are expected to experience substantial growth in the coming years. In that instance, the market needs an integrated and intelligently monetized over-the-top (OTT) streaming and Metaverse gaming platform to harness the power of leaders in blockchain technology such as Binance Smart Chain (BSC), Polygon, Solana, Polkadot, and more to reward its streamers and gamers immersively. Recognizing this massive opportunity, Polkastream was created in 2021 alongside its own Metaverse, the Polkaverse. Core Ecosystem At the heart of the Polkastream ecosystem lies its native token, $PSTR, which intelligently monetizes the platform by rewarding all streamers, gamers, protocol contributors, partners, and active community members. Audited by Solidproof, $PSTR is minted on BSC with a total supply of 1 billion tokens. Through its Automated Rewards Farming (ARF) feature, $PSTR rewards long-term holders by incurring a 4% fee per transaction on-chain, with 3% redistributed to holders and 1% permanently burned. The burning mechanism ceases once the supply is halved to 500 million tokens while the entire 4% fee per transaction is redistributed to holders. $PSTR can even be converted to PKV at a 1:1 ratio within the Polkaverse, enabling users to engage in over 40 upcoming social activities and games. Moreover, $PSTR serves as the voting token for the Polkastream Decentralized Autonomous Organization (PDAO). Investors and Partnerships Polkastream has attracted significant investors and partners, securing funding from prominent venture capital (VC) firms such as ParaVentures and Insignius Capital to realize its vision. It has also partnered with SupraOracles as its blockchain oracle solutions provider and Solidproof as its smart contract auditor. Ongoing collaborations continue to develop, including a recent partnership with GemPad which will host a $PSTR special sale, allowing early community members to have the same investment opportunity as a VC in the Polkastream protocol. After the $PSTR special sale event hosted on GemPad, PDAO will host multiple IDOs and IEOs, listing the token on many reputable centralized and decentralized exchanges. As of this article, LBank, BitMart, and Coinstore are the first three exchanges selected for a $PSTR IEO and listing. Many other potentials, such as Gate.io, DAO Maker, and Seedify, are also being discussed through private Telegram groups with the respective teams. Product and Roadmap Polkastream Studios has already developed a fully operational platform prototype at polkastream.io. The initial version of its Metaverse, Polkaverse 1.0.0 (PKV100), is built on Unreal Engine 5 (UE5) and available at polkaverse.app on Windows, macOS, and Linux. Polkastream has an extensive lineup of products in its pipeline. The next iteration of the Metaverse, Polkaverse 1.1.0 (PKV110), is scheduled for release and will address existing bugs in PKV100 while introducing additional features. This release will be followed by Polkaverse 2.0.0 (PKV200), transforming this innovative Metaverse into a play-to-earn (P2E) game with live NFT assets. Users can acquire the Polkaverse in-game assets directly through the Polkatsream NFT marketplace at nfts.polkastream.io, the official Polkaverse OpenSea collection, and other NFT marketplaces. These epic NFTs offer $PSTR rewards and many social activity and gaming utilities within the Polkaverse. For a comprehensive overview of completed milestones and upcoming developments, please refer to the detailed roadmap on the protocol’s website. Web 3.0 Community The Polkastream Web 3.0 community led by PDAO is global and diverse, reaching every corner of the world. Telegram channels in the 11 most commonly spoken languages facilitate communication and a fully inclusive Discord server at discord.gg/polkastream allows members to enjoy music, movies, and TV shows, learn from Web 3.0 podcasts, and discuss and share ideas about Polkastream's concept and implementation. An informative Medium article explains all the fun and rewarding community engagement activities on this exceptional Discord server. The protocol has also cultivated an active Twitter community through its Polkastream and Polkaverse channels. Furthermore, over 100 PDAO members, all driven by a shared passion for the protocol, actively support the project through AMAs, Twitter activities, Discord chats, and more. Business Objective Polkastream is poised to become the leading OTT streaming and Metaverse gaming platform for the Web 3.0 revolution. With an inclusive community, an impressive Metaverse built on UE5 offering immersive $PSTR rewards, and a talented and dedicated team, PDAO is positioned to impact the blockchain streaming and gaming industry significantly. Stay tuned for the upcoming articles on incredible features, products, and events, including a detailed breakdown of the $PSTR IDOs and IEOs, followed by listings slated for September! Learn all you need to know about the Polkastream protocol via these links: Website: https://polkastream.io/ LinkedIn: https://linkedin.com/company/polkastream-studios Medium: https://medium.com/polkastream PKV Intro Video: https://youtu.be/U0RUQE-RWBc PSTR Intro Video: https://youtu.be/bEgEipxV24c Contact Details Polkastream Mustafa Mael info@polkastream.io Company Website https://polkastream.io/
July 27, 2023 02:09 PM Eastern Daylight Time
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News Release4GLOBAL "very pleased" with final results and looking to the future
4GLOBAL PLC
4GLOBAL PLC (AIM:4GBL) CEO Eloy Mazon speaks to Thomas Warner from Proactive London following the release of audited final results for the year ended 31 March 2023. Mazon gives his highlights from the news release, saying that "all in all we are very pleased with the year", which was the company's first as a listed entity. Group revenues for the year ending 31 March 2023, grew by 53% to £5.6mln, with basic earnings per share closing at 2.4p compared to losses of 7.1p in 2022. Mazon says that strong demand from international markets played a significant role in the results and aligning with the company's growth strategy. Looking ahead, Mazon says 4GLOBAL PLC is focusing on capitalising on the strong demand, particularly in the North American market, where they have established key relationships and commercial partnerships. He explains that commercial partnerships, like the recent one with Jonas Fitness in the US, provide a valuable route to market and complement their product offerings and client onboarding capabilities. As the market shifts towards valuing data and insights, 4GLOBAL PLC aims to leverage its extensive database and technology for cleansing and transforming data into actionable insights. They also have plans to explore AI integration with a view to providing more valuable insights to their customers. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com
July 27, 2023 10:43 AM Eastern Daylight Time
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News ReleaseBoost Mobile is Modernizing Their Network: Here’s How
Benzinga
By Faith Ashmore, Benzinga Check out Boost Mobile’s $10/mo for 2GB of 5G/4G data deal for qualifying new customers! Picture this: a busy intersection in a busy city, people bustling from one location to another, busily typing away or talking on the phone as they walk – and, inevitably, at least one or two of those people will be raising their phone up toward the sky trying to get better service, or tapping on their screen with increasing frustration, fruitlessly trying to get their WiFi to work. These breakdowns can cause significant disruptions in mobile services, leading to revenue losses and customer dissatisfaction. The root cause of these breakdowns can vary from hardware failures to software glitches to natural disasters. The surge in mobile traffic frequently overwhelms the infrastructure, leading to slowdowns and outages. Simply put, older infrastructure is dying out. To address these issues, one would assume that mobile carriers are investing heavily in upgrading their infrastructure and implementing new technologies. However, despite these efforts, many carriers are still struggling to keep up with the rapid pace of technological change. This is where Boost is set apart – Boost is building new infrastructure to get ahead of this issue. Natural disasters are also worsening the issue of infrastructure breakdowns for mobile carriers, with climate change making it even more challenging. Hurricanes, floods and wildfires can damage or destroy physical infrastructure, leading to prolonged outages. To make their infrastructure more resilient, Boost Mobile (NASDAQ: DISH) is exploring new solutions, such as deploying backup power systems and improving network redundancy. Additionally, the deployment of 5G networks can help solve this issue by providing faster and more reliable services, allowing for more efficient disaster response and recovery efforts. Boost Mobile is actively working to bring 5G technology to all its customers, which can help mitigate infrastructure breakdowns. With the evolution of mobile technology, 5G promises to deliver high-capacity and blazing-fast mobile technology that will enable the next wave of mobile wireless innovation. Boost plans to leverage its 2.5 GHz spectrum and deploy Massive MIMO radio technology to achieve this goal. The Massive MIMO technology can deliver greater capacity than current LTE systems, which will enable Boost to offer faster speeds, increased network capacity, and an overall better experience for its wireless customers. By deploying 5G technology, Boost aims to stay ahead of the competition and provide its customers with the latest and most advanced mobile technology available while also improving the resilience of its infrastructure and reducing the risk of breakdowns. The company is also expanding its 5G network with new towers and new hardware to ensure that all of its users have access to the best network available with better quality service and more coverage. Boost Mobile is also offering a promotional deal exclusively for new customers, providing unlimited talk and text, along with 2GB of 5G/4G data and mobile hotspot capability. The deal also includes a free SIM kit valued at $9.99 and free two-day shipping. The service is compatible with most unlocked GSM phones. In addition to low rates, by prioritizing the resilience of its infrastructure and the needs of its customers, Boost seems to have positioned itself well to succeed in an increasingly connected world. Boost's deployment of 5G networks can also facilitate more efficient disaster response and recovery efforts in addition to improving the resilience of its infrastructure. With faster and more reliable services, Boost can help first responders and affected communities stay connected during natural disasters, making it the carrier of choice for those seeking the latest and most advanced mobile technology available. Check out Boost Mobile’s 2GB for $10/mo deal for qualifying new customers! Based on a comparison of the Boost $25/mo. Unlimited plan to other carrier's $29/mo. unlimited plan. After 1 mo., you will pay $25/mo. Unless you call to cancel. AutoPay required. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com
July 27, 2023 09:00 AM Eastern Daylight Time
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News ReleaseNeuroinflammation A Key Indicator For Alzheimer’s, But Current Treatments Show Little Success In Reducing Or Even Increase It — Could This Rising Company Have The Answer?
Benzinga
By David Willey, Benzinga There have been several accelerated approvals granted to treatments for patients with Alzheimer’s disease (AD) by the Food and Drug Administration (FDA) in recent months, and there are several treatments also in development. Tiziana Life Sciences (NASDAQ: TLSA), a biotechnology company with a robust pipeline of therapies, is looking to bring a novel therapy to market that would tackle neuroinflammation in patients with AD. In 2021, the FDA granted accelerated approval to Aducanumab, developed by Biogen Inc. (NASDAQ: BIIB), and early in 2023, it gave accelerated approval to Lecanemab, developed by Eisai Co Ltd (TYO: 4523) and Biogen. Both immunotherapies target the disease pathology by reducing amyloid plaque buildup in the brain. While Lecanemab does slow the rate of cognitive decline, it includes the risk of adverse events, and Aducanumab was denied authorization by the European Medical Agency, partly because of fears of side effects like swelling in the brain. A couple of other treatments are currently in development for treating AD, including Eli Lilly’s (NYSE: LLY) Donanemab, which expects a decision from the FDA by the end of the year, and Acumen Pharmaceuticals’ (NASDAQ: ABOS) ACU193, which has announced safety and efficacy results from its phase 1 trial. Tiziana Focusing On Neuroinflammation For AD While these drugs target amyloid, none of them are focused on reducing neural inflammation. However, neuroinflammation is a key indicator for AD, caused by microglia – the primary immune cells of the brain – that are activated by the buildup of amyloid plaque. Targeting neuroinflammation has the potential to be a successful therapeutic strategy for tackling mild to moderate AD. An investigational new drug (IND) application has filed for Foralumab, a treatment that dampens neuroinflammation by binding to T-cells. “There are no FDA-approved treatments for Alzheimer’s disease specific to the neuroinflammation caused by microglia activation triggered by amyloid beta plaque,” said Matthew W. Davis, the Chief Medical Officer of Tiziana. “We plan to study 3-months administration of intranasal foralumab in Alzheimer’s disease patients to see if neuroinflammatory activated microglia will return to the baseline homeostatic state.” The company has already seen positive results with foralumab in a trial for indications against multiple sclerosis. Because this drug has already undergone a phase 1 trial, Tiziana may now potentially be able to fast-track foralumab as a treatment for AD. It has applied for a $3 million grant from a prestigious Alzheimer’s research foundation to support a potential phase 2a trial. If it is granted approval, Tiziana’s drug could provide a novel treatment for patients with mild to moderate AD. The Alzheimer's therapeutics market was worth $5 billion in 2022 and is expected to reach $18 billion by 2029, at a compound annual growth rate (CAGR) of 19% over 2022-2029. Click here to learn more about Tiziana and its pipeline of treatments on its website. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com
July 27, 2023 09:00 AM Eastern Daylight Time
News ReleaseBluepeak Internet Ranks First in Communities in Wyoming, Oklahoma, North Dakota, South Dakota and Minnesota
Bluepeak
Bluepeak internet service is ranked number one for fastest internet speeds, most consistent network and lowest latency in several markets in its service area. That’s the conclusion of Ookla’s newly released SpeedtestTM Market Index report for the second quarter of 2023, including data collected from millions of consumer-initiated tests across the country. The report – which ranks mobile and fixed broadband speeds from internet service providers around the world monthly – shows that Bluepeak is ranked highest for delivering the fastest median download and upload speeds, most consistent network and lowest latency to its internet customers in several different places during the second quarter of 2023.* The achievements for each market where Bluepeak service received a top ranking, verified by Ookla®, are as follows: Wyoming The fastest download and upload speeds, most consistent network and the lowest latency in all of Wyoming. The fastest download and upload speeds and most consistent network in Cheyenne and Laramie County. The fastest download and upload speeds, most consistent network and the lowest latency in Laramie. The fastest download and upload speeds in Casper and Natrona County. Oklahoma The fastest download and upload speeds and most consistent network in Stillwater and Payne County. The fastest download and upload speeds in Lawton. The fastest download and upload speeds in Altus. The fastest download and upload speeds in Bartlesville and Washington County. North Dakota The fastest download and upload speeds and most consistent network in Grand Forks and Grand Forks County. South Dakota The fastest upload speeds in Springdale Township. The fastest upload speeds in Madison and Lake County. Minnesota The fastest upload speeds in Marshall. As a result of Bluepeak’s competitive service, residents of these communities benefit from greater choice among their internet options. Research shows, greater competition for consumer goods – like internet – benefits consumers by lowering prices, boosting investment and enabling innovation. In addition, a 2020 report by Federal Reserve Bank of Richmond on “Bringing Broadband to Rural America” determined that broadband access and adoption are linked to increased job and population growth, higher rates of new business formation, higher home values, and lower unemployment rates. Ookla® is the global leader in network intelligence and connectivity insights. Over eighteen million tests are actively initiated by consumers each day across all Speedtest platforms, with over 45 billion tests completed to date. As a result, Ookla has the most comprehensive analytics on worldwide internet performance and accessibility. For more information on Bluepeak, visit mybluepeak.com. *Based on analysis by Ookla® of Speedtest Intelligence® data for median download speeds, upload speeds and consistency score, and multi-server latency, in the identified geographies, U.S., Q2 2023. About Bluepeak Bluepeak is building a faster, more reliable internet without the things that get in the way of great service - like red tape, hidden fees, and slow response times. Offering up to 5 gigabits of speed for residential customers and 10 gigabits for businesses, Bluepeak is a whole new ballgame - from internet to TV, to connecting every device in a home, to powering a business, Bluepeak not only provides the best fiber connections in the communities it serves, but also meets the growing needs for how its customers live. Contact Details Bluepeak Jesse Granger +1 720-703-4315 jesse.granger@mybluepeak.com Company Website https://www.mybluepeak.com
July 26, 2023 09:23 AM Mountain Daylight Time
News ReleasePBX Pickleball partners with Zinc Agency to Provide the Ultimate Corporate Pickleball Experiences with Retired Professional Athletes
PBX Pickleball
PBX Pickleball, a new organization that unites the pickleball community with retired professional athletes, announced a partnership with Zinc Agency to lead the planning and implementation for customized corporate experiences centered around the game of pickleball. Zinc becomes the official corporate sales and hospitality partner of PBX Corporate Experiences, which is one of four platforms of PBX Pickleball that will feature top retired professional athletes from all major sports, including baseball, hockey, football, and basketball. “Through PBX Pickleball, we plan to create the ultimate pickleball experience and provide a new client entertainment platform for business leaders to participate with their clients and prospects alongside professional retired athletes,” said Gary Rosenberg, Chief Revenue Officer at Zinc Agency. “Golf has always been considered the ‘sport of business,’ but we see pickleball opening up a new channel for client engagement and relationship building.” Zinc Agency has over 25 years of experience creating customized corporate events across various lifestyle categories. The company is known for leveraging professional talent to curate customized private experiences with professional athletes, chefs, speakers, musicians, illusionists, and other entertainers. “As the fastest growing sport in America that anyone can play, pickleball is the perfect activity for businesses to leverage for entertainment, networking, and team building outside of boardrooms and video calls,” said Jason Clement, CEO of The Sports Facilities Companies, the parent company for PBX Pickleball. “Zinc Agency has a successful track record of selling corporate experiences across various sports and entertainment categories. When we add the element of retired pro athletes as PBX Pros, we thought Zinc was the ideal partner to create that ultimate experience.” PBX Pickleball consists of four experiences: PBX Tour brings together retired sports stars turned avid pickleball players, starting with athletes who previously competed at the highest levels of their sports. Each player represents their respective sports in PBX Pickleball tournaments for audiences watching in person, via television broadcasts, and through digital media. PBX Pro-Ams allow amateur pickleball players to play with and against former male and female stars of major sports teams. PBX Pickleball Pro-Ams align with professional pickleball tour stops and occur adjacent to these events, including the PBX Tour. PBX Dream Weekends offer the ultimate pickleball experience for amateur participants. Pickleball enthusiasts can learn from professional pickleball players and interact with dozens of retired athletes. PBX Corporate Experiences are fully customizable with turnkey services to support corporate meetings, incentives, conferences, and exhibitions. Your employees, partners and prospects can play pickleball with retired professional athletes. Since forming in June 2023, PBX Pickleball has also confirmed partnerships with the Major League Baseball Players Alumni Association (MLBPAA) and the NHL Alumni Association. About PBX Pickleball PBX Pickleball creates memorable experiences by uniting well-known retired professional athletes with amateur pickleball players and fans. Established in 2023, PBX Pickleball consists of four experiences: the PBX Tour, PBX Pro-Ams, PBX Dream Weekends, and PBX Corporate Experiences. The company is part of The Sports Facilities Companies (SFC), the nation’s leading resource for the management and development of sports, recreation, wellness, and events facilities. To learn more about PBX Pickleball, go to https://pbxpickleball.com or follow @pbxpickleball on Instagram, Facebook, Twitter, and LinkedIn. About Zinc Agency Zinc is an agency focused on curating creative, one-of-a-kind experiences that leverage the power of talent in sports, music, fashion, the culinary world, theater, and any of life’s other passions. Zinc’s approach is to always deliver a truly memorable experience that allows our clients to build and strengthen relationships with their customers. Zinc works hard to conceptualize unique themes, whether attached to a specific personality or aligned with a major event. From there, Zinc ensures all the details are flawlessly executed with a turnkey approach to event management. In addition to client entertainment, Zinc delivers entertainment solutions for corporate retreats, conferences and sales incentive trips. For more information, go to www.zincagency.com. Contact Details Eric Nemeth nemeth@ericpr.com Company Website https://www.pbxpickleball.com/
July 26, 2023 09:15 AM Eastern Daylight Time
News ReleaseNext Generation DFS Platform GameBlazers Signs New Partnerships with Full Moon Sports Solutions and Raging Moose
GameBlazers
GameBlazers, a sports gaming platform empowering sports fans to create and manage their own experience, today announced the company signed partnerships with two industry-leading and best-in-class consulting companies, Full Moon Sports Solutions and Raging Moose. Both companies will help accelerate GameBlazers’ business objectives as it brings its revolutionary product to the Beta Test phase and eventual launch. Full Moon Sports Solutions is a strategy consulting firm specializing in business and product development for the fantasy, gaming and sports betting industry. Full Moon is aiding in developing strategic partnerships and licensing opportunities with professional sports leagues and associations. Raging Moose is a technology consulting group specializing in game design and gameplay mechanics. The group is assisting GameBlazers in developing a proprietary Item Distribution Framework that assigns the Athletes, Multipliers, Rarities and other forms of metadata, to the in-game Items. The firm has experience working on FIFA Ultimate Team, as well as other major video games with similar mechanics to those on the GameBlazers platform. “In any start-up environment, surrounding yourself with the smartest minds in the industry and creating a network of strategic partnerships is the cornerstone for success,” said Rourke Sturthers, CEO of GameBlazers. “GameBlazers is unlike anything the daily fantasy market has seen, so bringing in Full Moon Sports Solutions and Raging Moose was paramount to making sure our vision for the platform was met. From both companies’ previous work, we know that GameBlazers will bridge the gap between the modern and future worlds of fantasy sports, and live up to its unique user experience.” GameBlazers is set to launch before the 2023 football season. For updates and information about the platform, check out GameBlazers.com. About GameBlazers GameBlazers is a new sports gaming platform bridging the gap between the digital and physical worlds into a first-of-its-kind user experience. GameBlazers blends the best elements of fantasy sports, sports gaming, and collectible in-game items to create a more sustainable and more engaging gameplay. GameBlazers enables innovative gameplay mechanics that give Players the opportunity to be the Owner, GM and Coach of their Fantasy Franchise. For more information or to join the beta, please visit: https://www.gameblazers.com/ Contact Details Sterling Randle srandle@hotpaperlantern.com Company Website https://www.gameblazers.com/
July 25, 2023 10:01 AM Eastern Daylight Time
News ReleaseCue Health’s Growing Integrated Care Platform Of Lab-Quality Diagnostic Tests For Use At-Home And At The Point-of-Care Is Transforming How Healthcare Is Delivered
Benzinga
By Rachael Green, Benzinga Last month, the Food and Drug Administration (FDA) granted a landmark De Novo authorization for Cue Health’s (NASDAQ: HLTH) at-home COVID-19 test that delivers lab-quality results within 20 minutes. The move makes Cue Health the first company to receive De Novo authorization for an at-home molecular test for any respiratory disease. With a growing portfolio of at-home tests for a range of infectious diseases, the recent FDA authorization is the latest milestone for the San Diego-based healthcare technology company that is transforming the diagnostics space. Having already generated over $1 billion of revenue from its molecular COVID-19 test previously under FDA emergency use authorization (EUA) in 2021 and 2022 combined, the De Novo is a full authorization and allows Cue Health to continue to provide accurate testing at-home and at the point-of-care into the future. Cue’s Scalable Platform Can Meet the Needs of a $180 Billion Diagnostics Market The global diagnostics market was valued at approximately $180 billion in 2022 and is projected to grow to over $348 billion by 2030. Some of the key drivers of that growth are molecular diagnostics and the at-home testing and point-of-care segments where Cue Health is focused. Molecular diagnostics analyzes DNA or RNA, and have traditionally been conducted in a lab, such as PCR testing. While antigen and lab-based PCR testing are both still common, convenient at-home and point-of-care molecular diagnostics have implications across the industry and are competing as alternative diagnostic solutions — playing an important role in infectious disease testing as they yield results that are both accurate and fast. During the pandemic, the use of telehealth and virtual care for diagnosis spiked to 69% of all doctor-patient visits. However, the broader need for and power of telehealth to improve outcomes and lives is still in high demand. Especially in diagnostics, the current system can often be inconvenient, inefficient, expensive, and disconnected. Cue is out to change that — the company reduces the duration of time between testing and receiving actionable health information from 1-14 days to under an hour. That seamless process eliminates much of the inefficiencies in the current standard approach to healthcare delivery. Cue Health is fixing this point of friction for both patients and providers. The company’s mission is to empower people to live their healthiest lives, and that starts with enabling access to health information and actions that are personalized and proactive anywhere and at any time. The healthcare technology company’s diagnostic solutions for use at-home and at the point-of-care deliver results in ~20 minutes with lab-quality accuracy. Its COVID-19 test that just received De Novo authorization demonstrated overall accuracy of 98%. If the test results are positive, users can consult a licensed clinician through the Cue Health App to discuss treatment options and get prescribed medications, if appropriate, delivered to their door that same day. Cue’s platform has also become highly valuable for healthcare providers and the company has stated that “point-of-care is the largest near-term opportunity for Cue’s differentiated offering,” with strategic expansion into medical facilities and offices around the nation representing a massive market. Cue’s accurate, fast, and reliable results make the easy-to-use test a convenient, cost-effective option for diagnosing patients at the office. Instead of waiting to follow up with patients after lab results come in, healthcare providers can get lab-quality results in minutes and identify the best treatment options for that patient that very day. Cue Health’s Diagnostics Menu Continues To Expand In addition to the COVID-19 test, Cue Health has received emergency use authorization (EUA) for the Cue Mpox (Monkeypox) Molecular Test for any CLIA-waived facility, and has submitted an EUA application for a flu-and-COVID-19 multiplex test, and De Novo requests for a standalone flu test and a respiratory syncytial virus (RSV) test. All of these would run on the same easy-to-use Cue Reader and feature seamless connectivity to the Cue Health App so that customers can go from diagnosis to treatment within the same day. Cue’s Expanded Product Offering Beyond Molecular Diagnostics The company’s overarching goal is to put people in greater control of their health. With this at the heart of what Cue does, it also added a suite of at-home screening and diagnostics kits in March that allow customers to mail samples for processing in a lab to complement its diagnostic testing strategy. The mail-in kits include panels for markers of heart, liver, or kidney health as well as colon cancer screening and comprehensive sexual health panels for men and women. The company continues to add tests and treatments to its pharmacy offering for other common health and wellness conditions, such as hair loss and erectile dysfunction, among others. Its existing portfolio has already helped the company see its revenue more than double since its initial public offering (IPO) at the end of 2021, although testing volume has slowed with the decreasing COVID-19 prevalence in recent months. This could put the company in a strong position as it awaits decisions on pending EUA applications and De Novo requests and prepares two additional submissions for a strep throat test and a chlamydia/gonorrhea test that are compatible with the Cue Reader. Those submissions are slated for the second half of 2023 — with significant investments in R&D and infrastructure behind them and expected to pay off. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com
July 25, 2023 09:25 AM Eastern Daylight Time
