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Burning Rock Biotech To Announce Q2 2020 Results on August 11
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Burning Rock Biotech Ltd (NASDAQ:BNR) institutional ownership for 3-months changed by 379.06%. The company is scheduled to announce its Q2 2020 financial results on August 11, 2020, before the US market opens followed with a conference call and webcast to discuss the results at 8:00 Am ET.
Recently the company announced a strategic alliance with CStone Pharmaceuticals for the co-development and commercialization of companion diagnostics for the investigational diagnostic treatment Pralsetinib developed by Blueprint Medicines for RET alterations detections in Cancer patients. The partnership between Burning Rock and CStone will enhance the standardization of RET gene testing in China.
MoSys Reports Revenue of $2 Million In Q2 2020
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MoSys Inc (NASDAQ:MOSY) is also another stock that has witnessed a huge change in institutional ownership over the period of 3-months by 227.06%. The company has released its Q2 2020 results in which it posted revenue of $2.0 million compared to $3.1 million in Q2 2019. Product revenue in the quarter was $1.7 million compared to a year ago when it was $2.8 million. However, there was a sequential-quarter increase in product revenue which was a result of an increase in shipments of Bandwidth Engine(R) that were not shipped in Q1 because of COVID-19 disruptions. GAAP net loss attributable to common stock shareholders was $1.0 million or $0.32 per share while the non-GAAP net loss in Q2 2020 was $0.6 million or $0.18 per share.
The company has unveiled a new memory solutions line which is the low cost, ultra-high-speed SRAM QUAZAR family memory device optimized for FPGA systems. The QUAZAR devices deliver a cost point that was not possible previously with such memory speeds.
Dada Nexus Expands Its Strategic Partnership With China Resources Vanguard
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Another stock that had the highest institutional own worship change in the last three months of around 284.74% is Dada Nexus Ltd (NASDAQ:DADA). Recently the company announced the expansion of its strategic partnership with China Resources Vanguard with the focus being product management, omnichannel fulfillment, user operation, and marketing. The two companies had entered a partnership initially in 2018. They have attained significant progress in integrating the over 1,600 CR Vanguard retail locations into JDDJ. Dada has a vision of bringing people everything on demand and it runs two business platforms JDDJ and Dada Now. In June the company Dada Group began trading in The Nasdaq under the symbol "DADA".
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COMTEX_369171939/2700/2020-08-10T11:04:06
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