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Aditxt, Inc. - ADTX STOCK NEWS

Welcome to our dedicated page for Aditxt news (Ticker: ADTX), a resource for investors and traders seeking the latest updates and insights on Aditxt stock.

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.

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Aditxt (NASDAQ: ADTX) announced that its subsidiary, Pearsanta, has submitted a proposal for the Clinical Trial Translational Endpoints Research Award to validate a novel assay for early detection of ovarian cancer. The proposal aims to validate the Mitomic Ovarian Test (MOT), which uses mitochondrial DNA mutations as early indicators of ovarian cancer. The study will enroll 100 subjects with ovarian cancer and 200 negative controls, aiming to detect significant diagnostic accuracy (AUC > 0.85) at each stage of epithelial ovarian cancer vs. controls.

The ovarian cancer diagnostic market is projected to grow from $1.5 billion in 2023 to $2.7 billion by 2032. Currently, no blood tests are available with adequate sensitivity for early ovarian cancer detection. If successful, Pearsanta's MOT could significantly improve survival rates for women with ovarian cancer through earlier detection and more effective treatment interventions.

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Aditxt (NASDAQ: ADTX) has signed a second amendment to the arrangement agreement with Appili Therapeutics, targeting a September 30, 2024 closing date for the acquisition. The deal involves Aditxt acquiring all issued and outstanding Class A common shares of Appili through a court-approved plan. Key conditions include Aditxt raising at least US$20 million in financing before closing.

Appili has raised over CAD $100 million since 2015 for developing therapeutics in the global infectious disease and biodefense markets. Their portfolio includes LIKMEZ™, an FDA-approved antibiotic suspension, ATI-1701, a tularemia vaccine, and ATI-1801, a topical antiparasitic product. Two programs are potentially eligible for FDA Priority Review Vouchers, subject to legislation renewal.

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Evofem Biosciences (OTCQB: EVFM) has signed a License and Supply Agreement with Pharma 1 Drug Store for the Middle East rights to Phexxi, its FDA-approved hormone-free contraceptive. Pharma 1 will have exclusive commercialization rights in several Middle Eastern countries, including the UAE, Kuwait, Saudi Arabia, and Qatar. The company plans to file for regulatory approval in the UAE in Q3 2024.

The UAE contraceptive drug market is projected to reach $185.1 million by 2030. This agreement aligns with Evofem's strategy to expand and diversify its revenue stream. Phexxi is the first and only locally-acting contraceptive gel approved by the FDA, applied before intercourse to maintain a vaginal pH inhospitable to sperm and certain pathogens.

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Aditxt (NASDAQ: ADTX) and Evofem Biosciences (OTCQB: EVFM) have amended and restated their Merger Agreement, targeting a September 30 closing. Key changes include addressing Evofem's interim financing needs and substituting cash for Aditxt's common stock as merger consideration. Concurrently, Evofem acquired SOLOSEC, an FDA-approved single-dose treatment for bacterial vaginosis and trichomoniasis, from Lupin for up to $84 million in contingent milestones.

The acquisition diversifies Evofem's portfolio and aligns with Aditxt's vision of supporting promising health innovations. Both companies are working to close the transaction in the second half of 2024, subject to various conditions including Aditxt securing sufficient financing. The merger aims to accelerate Evofem's growth and expand its women's health franchise.

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Lupin has divested its U.S. Commercial Women's Health Specialty Business to Evofem Biosciences, Inc. The deal includes the transfer of SOLOSEC®, an FDA-approved single-dose antimicrobial agent for treating bacterial vaginosis and trichomoniasis. Lupin could receive up to USD 84 million based on future contingent milestones.

This strategic move aligns with Lupin's plan to focus on therapeutic areas with synergistic potential, such as respiratory and neurological diseases. For Evofem, the acquisition enhances its women's health portfolio and leverages its existing commercial infrastructure.

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Evofem Biosciences announces a partnership with Hello Alpha to offer Phexxi, a non-hormonal contraceptive gel, on Hello Alpha's telemedicine platform.

This collaboration aims to enhance women's healthcare by providing hormone-free birth control options, especially for users of GLP-1 medications like Ozempic and Wegovy, which can reduce the effectiveness of oral contraceptives.

This initiative aligns with Hello Alpha's mission to offer accessible and affordable healthcare to women across the U.S.

Phexxi, FDA-approved, is applied before intercourse to maintain a vaginal pH inhospitable to sperm.

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Evofem Biosciences (OTCQB: EVFM) has announced the issuance of U.S. Patent No. 11,992,472 by the USPTO. This patent covers the composition and methods for using Phexxi, a hormone-free vaginal gel for contraception. Phexxi, which contains lactic acid, citric acid, and potassium bitartrate, is FDA-approved and works by maintaining a vaginal pH level inhospitable to sperm and certain pathogens. This is the fifth U.S. patent for Phexxi, further solidifying Evofem's intellectual property portfolio. CEO Saundra Pelletier highlighted the importance of this patent in demonstrating Phexxi's innovative approach to hormone-free contraception. Since its U.S. launch in 2020, Phexxi's net sales have consistently grown. Key growth drivers for 2024 include the increasing use of Phexxi for supplemental contraception among women taking GLP-1 agonists, which can reduce the efficacy of oral contraceptives.

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On May 15, 2024, Evofem Biosciences (OTCQB: EVFM) reported its financial results for Q1 2024. Key highlights include:

- Received $1M from Aditxt and an additional $2.5M investment by July 1, 2024.

- Strengthened intellectual property with the approval of a new patent for Phexxi.

- Partnered with Modern Remedies to boost Phexxi distribution in the Northeast.

- Renegotiated a 7.4% lower rebate for Phexxi with Medi-Cal, effective July 2024.

Financially, net sales were $3.6M, a 38% decrease from $5.8M in Q1 2023, attributed to cyclical softness and a cyberattack on Change Healthcare. Operating expenses decreased by 31% to $6.4M, leading to a reduced operating loss of $2.8M, a 21% improvement. Despite lower sales, the company expects 2024 to be its fourth consecutive year of net sales growth.

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Aditxt, Inc. (NASDAQ: ADTX) announced a private placement offering under Nasdaq rules, pricing the sale of convertible preferred stock, preferred stock, and warrants to purchase common stock, expected to raise approximately $4.2 million. The offering is set to close around May 6, 2024, with proceeds intended for merging expenses and general corporate purposes.

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Aditxt, Inc. announced a $4.2 million private placement priced under Nasdaq rules, including the sale of convertible preferred stock, preferred stock, and warrants to purchase common stock. The offering is expected to close on or about May 6, 2024, with gross proceeds to be used for merger obligations and general purposes.

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FAQ

What is the current stock price of Aditxt (ADTX)?

The current stock price of Aditxt (ADTX) is $0.1861 as of December 20, 2024.

What is the market cap of Aditxt (ADTX)?

The market cap of Aditxt (ADTX) is approximately 2.7M.

What is Aditxt, Inc.'s core business?

Aditxt, Inc. specializes in developing and commercializing technologies for monitoring and modulating the human immune system. Its key focus areas include preventing organ transplant rejection and managing autoimmune diseases.

What are the main products offered by Aditxt?

Aditxt's main products include Adimune™, which focuses on immune tolerance for organ transplants, and AditxtScore™, a platform for advanced immune monitoring.

What recent acquisitions has Aditxt made to enhance its capabilities?

Aditxt's subsidiary Pearsanta, Inc. recently acquired MDNA Life Sciences' early disease and cancer detection platform, including Mitomic™ technology. This acquisition expands Aditxt's capabilities in precision diagnostics.

What is the significance of Aditxt's Adimune™ program?

The Adimune™ program aims to create immunotherapies that promote tolerance to transplanted organs, helping to prevent organ rejection and manage autoimmune conditions.

How does AditxtScore™ contribute to the company's mission?

AditxtScore™ offers advanced immune monitoring solutions that provide personalized diagnostic insights, aiding in the management of immune-related diseases and improving patient outcomes.

What is Mitomic™ technology, and how does it benefit Aditxt?

Mitomic™ technology, acquired by Pearsanta, Inc., is an early disease and cancer detection platform that uses mitochondrial DNA to detect diseases at their earliest stages. This technology enhances Aditxt's precision diagnostics capabilities.

What financial achievements has Aditxt made recently?

Aditxt has shown strong financial growth through strategic acquisitions and product development. The company's expansion into new markets and innovative technologies underscores its commitment to improving patient outcomes.

Who are Aditxt's target customers?

Aditxt targets healthcare providers, researchers, and patients in need of advanced immunotherapy and diagnostic solutions, particularly those dealing with organ transplants, autoimmune diseases, and early disease detection.

How does Aditxt's strategic acquisition align with its mission?

Aditxt's strategic acquisitions, such as the MDNA Life Sciences' platform, align with its mission by enhancing its capabilities in precision diagnostics and early disease detection, which are critical for advancing public health.

Where can I learn more about Aditxt, Inc.?

For more detailed information about Aditxt, Inc. and its initiatives, visit their official website at www.aditxt.com.

Aditxt, Inc.

Nasdaq:ADTX

ADTX Rankings

ADTX Stock Data

2.70M
14.23M
0.01%
0.25%
10.42%
Biotechnology
Pharmaceutical Preparations
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United States of America
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