Rivian delivers 7,946 vehicles in first quarter, says it's on pace to meet annual production goal

Indaptus Therapeutics Inc

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Company profile

Indaptus Therapeutics, Inc. is a clinical biotechnology company. The Company is focused on enhancing and expanding curative cancer immunotherapy for patients with unresectable or metastatic solid tumors and lymphomas. It designs its approach by targeting specific tumor or viral antigens. Its lead candidate, Decoy20, through pre-clinical development. Its platform is based on the hypothesis that require anti-tumor immunotherapy to activate both innate and adaptive cellular immunity in both tumors and immune organs. Its approach uses multi-targeted package of bacterial pathogen-associated molecular patterns (PAMPs), in the form of attenuated and killed, intact but non-pathogenic bacteria delivered intravenously. Its intravenous therapeutic candidates target the liver, spleen, and leaky vasculature of tumors, producing immune activation in an immune organ, as well as a common site for primary and metastatic cancer and hepatitis B virus (HBV) infection.

Rivian delivers 7,946 vehicles in first quarter, says it's on pace to meet annual production goal

8:49 am ET April 3, 2023 (MarketWatch) Print

Rivian Automotive Inc. (RIVN) produced 9,395 vehicles at its Normal, Ill. manufacturing facility during the first quarter, the electric-vehicle company announced Monday morning. Rivian also delivered 7,946 vehicles in the period. Analysts tracked by FactSet were expecting about 8,000 deliveries for the quarter, based on three estimates. Rivian described the delivery and production figures as being in line with its own expectations. The company expects that it's on pace to meet its production goal of 50,000 units for the year. Rivian will post its first-quarter results after the closing bell on May 9. Shares of the company were off about 1% in premarket trading Monday.

-Emily Bary

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April 03, 2023 08:49 ET (12:49 GMT)