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Aditxt, Inc. (NASDAQ: ADTX) is an innovative life sciences company specializing in the development and commercialization of immune monitoring and modulation technologies. The company's mission is to advance humanity into the 'age of immunity' by decoding and harnessing the immune system for better health outcomes.
Aditxt's portfolio includes two flagship programs: Adimune™ and AditxtScore™. Adimune™ is focused on creating immunotherapies that promote tolerance to transplanted organs, while AditxtScore™ offers advanced immune monitoring solutions. The company's products and technologies aim to address critical medical needs, such as preventing organ transplant rejection, managing autoimmune diseases, and providing personalized diagnostic insights.
Recently, Aditxt has expanded its reach by acquiring strategic assets and forming new partnerships. Notably, its subsidiary Pearsanta, Inc. acquired MDNA Life Sciences’ proprietary early disease and cancer detection platform, including Mitomic™ technology. This acquisition enhances Aditxt's capabilities in precision diagnostics and early disease detection, with applications spanning various cancers and other serious health conditions.
Financially, Aditxt has shown robust growth through strategic acquisitions and innovative product development. The company’s commitment to enhancing patient outcomes through cutting-edge technologies is evident in its expanding product line and growing market presence.
For more information, visit the official website at aditxt.com.
On October 5, 2021, AiPharma Global Holdings announced a binding agreement to sell all its assets to Aditxt Inc. (NASDAQ: ADTX). This acquisition aims to enhance Aditxt's capabilities in developing treatments for infectious diseases. AiPharma holds exclusive rights to Avigan/Reeqonus, an antiviral drug that has treated over 1.5 million COVID-19 patients, with sales exceeding $150 million in 2021. The agreement follows a prior announcement regarding Aditxt's interest in acquiring AiPharma, and the deal is projected to close by the end of October 2021.
Aditxt, Inc. (Nasdaq: ADTX) has entered a transaction agreement to acquire AiPharma Global Holdings LLC's subsidiary, AiPharma, specializing in antiviral therapies, particularly Avigan/Reeqonus. The acquisition aims to bolster Aditxt's infectious disease segment, with a total loan amount of $15 million and share issuance of up to 65% of outstanding shares upon closing. Avigan has received marketing authorization in several countries, with a global Phase 3 trial for COVID-19 nearing completion. The transaction is subject to due diligence and necessary approvals.
Aditxt (Nasdaq: ADTX) announced significant executive changes to bolster its growth strategy. Corinne Pankovcin, previously CFO, is now President, collaborating closely with CEO Amro Albanna. Thomas J. Farley takes over as CFO, having been Controller since October 2020. Pankovcin has a strong track record, including leadership roles at Blackrock Capital Investment Corporation (Nasdaq: BKCC) and Business Development Corporation of America. These appointments aim to enhance Aditxt's operational efficiency as it expands its focus on immune health technologies.
Aditxt (NASDAQ: ADTX) has partnered with SphereDX to offer the AditxtScore for COVID-19, a comprehensive immune response monitoring tool. Initial tests in assisted living facilities revealed that one-third of vaccinated residents had suboptimal immune responses, with 8.1% showing no immune response. This partnership aims to enhance immune monitoring across Kentucky, Ohio, and Indiana, helping individuals make informed decisions regarding booster vaccinations and preventive measures. AditxtScore offers a detailed analysis of immune responses to various COVID-19 antigens.
Aditxt, Inc. (Nasdaq: ADTX) has successfully closed an $11 million registered direct offering and secured a bridge loan for its acquisition target, as announced on August 26, 2021. The company is pursuing an exclusive Letter of Intent (LOI) to acquire a biopharmaceutical firm developing a COVID-19 antiviral oral therapy, with a target completion date of September 30, 2021. The transaction may lead to Aditxt issuing shares equal to 50% of its outstanding shares post-transaction. The acquisition aims to enhance Aditxt's immune health technology and commercialization efforts.
Aditxt, Inc. (NASDAQ: ADTX) has entered into definitive agreements with institutional investors to sell 4,583,334 shares of common stock at $2.40 per share in a registered direct offering, totaling approximately $11.0 million in gross proceeds. Concurrently, investors will receive unregistered warrants, exercisable at $2.53 for five years. The company plans to use the net proceeds of about $10.1 million primarily for a $6.5 million loan to a biopharmaceutical firm developing COVID-19 antiviral therapy and for general corporate purposes.
Aditxt (ADTX) has signed a letter of intent to acquire a biopharmaceutical company focused on COVID-19 antiviral oral therapy, which is commercially available in multiple international markets. The transaction includes a proposed $6.5M secured loan from Aditxt to the target company, with shares issued representing 50% of Aditxt’s outstanding shares post-closing. Completion of the acquisition is contingent on various conditions, including due diligence and shareholder approval, with an exclusivity period ending on September 30, 2021.
Aditxt, Inc. (Nasdaq: ADTX) has partnered with Great Lakes Medical Laboratory (GLML) to provide its AditxtScore™ for COVID-19 across Michigan. This immune response monitoring tool assesses antibody responses to the SARS-CoV-2 virus, offering detailed insights into individual immune strength. Available at GLML's six locations, the AditxtScore aims to clarify immune responses, especially amid vaccine hesitancy. It distinguishes itself by measuring neutralizing antibodies and multiple antigens, facilitating better understanding and management of COVID-19 immunity.
Aditxt, Inc. (Nasdaq: ADTX) has revised the timeline for its Psoriasis clinical program to 2022 due to extended manufacturing processes. The company is enhancing data for regulatory submissions for its Apoptotic DNA Immunotherapy™ (ADi™) platform, which will also study skin allografting and type 1 diabetes. Additionally, Aditxt is expanding its preclinical ADi program to include multiple sclerosis (MS) to address unmet clinical needs. The company has secured 96 patents and 22 pending applications, further protecting its innovations.
Aditxt, Inc. (Nasdaq: ADTX) has enhanced its AditxtScore™ for COVID-19, a multi-dimensional immune response test. This updated version now includes a high-sensitivity neutralizing antibody diagnostic to evaluate individual immune responses to SARS-CoV-2. The test, which captures detailed immune response data, differentiates itself from traditional antibody tests by measuring neutralizing antibodies. This enhancement aims to better identify individuals vulnerable to infection, particularly immunocompromised patients who may have inadequate immune responses due to various health conditions.
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