Hancock Jaffe Laboratories (HJLI) Surges; TransCanada (TRP) Confirms President Trump Supports Keystone XL Project; Aphria (APHA) Upcoming Key Date; Qutoutiao (QTT) ADSs Offering
Shares of Hancock Jaffe Laboratories, Inc. (Nasdaq:HJLI) surged $0.04 (or +2.63%) to $1.56 on Friday's trading session.
HJLI specializes in developing and manufacturing bioprosthetic medical devices to establish improved standards of care for treating cardiac and vascular diseases. The company currently has two lead products: the VenoValve and the CoreoGraft.
HJLI's VenoValve was developed to treat severe cases of chronic venous insufficiency (CVI), a debilitating condition often associated with open venous ulcers and intense pain. Approximately 2.4 million patients in the U.S. suffer from CVI due to reflux in the deep venous system, and there are currently no FDA approved treatments for the condition.
HJLI has had several Pre-FDA meetings to discuss the pre-clinical and clinical pathway for FDA approval for the VenoValve. Preclinical prototype testing, including in vivo animal studies, and in vitro hemodynamic studies, have demonstrated that the VenoValve mimics the function of a properly functioning native venous valve.
Based upon feedback from the FDA, HJLI agreed to conduct a small first-in-human study in Colombia prior to the U.S. pivotal trial.
The company recently reported that it has enrolled four additional patients for its VenoValve first-in-human study in Bogota, Colombia, adding that it expects to release preliminary data on the first group of VenoValve recipients at the end of June of 2019.
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TransCanada Corp. (NYSE:TRP) (TSX:TRP) said after the closing bell Friday that U.S. President Donald Trump has affirmed his support for the Keystone XL pipeline project by issuing a new Presidential Permit.
According to TransCanada, the Keystone XL pipeline has been studied more than any other pipeline in history and the environmental reviews are clear. Keystone XL would create thousands of jobs and deliver economic benefits across North America while being the safest, most efficient and environmentally sound way to move crude oil to the U.S. Gulf Coast.
TransCanada, a major North American energy company, operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy segments.
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Aphria Inc. (NYSE:APHA) (TSX:APHA) expects to release its third quarter fiscal 2019 financial results on April 15, 2019 before market open.
Aphria produces and sells medical cannabis in Canada and internationally.
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Qutoutiao Inc. (Nasdaq:QTT) said Friday that it filed a registration statement on Form F-1 with the SEC relating to a follow-on public offering of 8,500,000 American Depositary Shares (ADSs), every four of which represent one Class A ordinary share of the Company.
Qutoutiao expects to offer 1,049,756 ADSs and certain selling shareholders expect to offer 7,450,244 ADSs in aggregate in the public offering.
Qutoutiao Inc. operates innovative and fast-growing mobile content platforms in China.
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