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Aethlon Medical Inc. (Nasdaq: AEMD) is an innovative medical technology company dedicated to addressing unmet medical needs in health and biodefense. The company's core focus is on developing the Hemopurifier®, a clinical-stage therapeutic device designed to combat cancer and life-threatening viral infections, and for use in organ transplantation. Aethlon’s proprietary technology, the Aethlon ADAPT™ platform, provides the foundation for a new class of therapeutics that target the selective removal of disease-enabling particles from the entire circulatory system.
The Hemopurifier®, designated as a breakthrough device by the FDA, has demonstrated broad-spectrum capabilities against exosomes that contribute to the progression of cancer and viruses like HIV and Hepatitis C. Recent developments include ongoing research and clinical trials to evaluate the device's safety and efficacy in removing harmful exosomes and viruses from blood. These trials are taking place in India and Australia, targeting patients with solid tumors who have stable or progressive disease during anti-PD-1 monotherapy treatment, such as Keytruda® or Opdivo®.
Financially, Aethlon Medical reported a cash balance of approximately $8.0 million as of the end of 2023. The company also announced a public offering expected to raise around $4.7 million to support its clinical trials, research, and other corporate needs. The company's leadership, including Interim CEO and CFO Jim Frakes, is committed to advancing the Hemopurifier® and exploring new applications in oncology and infectious diseases.
Partnerships are a crucial aspect of Aethlon’s strategy. The company recently entered into a Materials Transfer Agreement with Santersus AG to explore potential synergies between the Hemopurifier® and Santersus' NucleoCapture devices for the treatment of cancer and organ transplantation. This collaboration aims to enhance the effectiveness of both technologies by combining their capabilities to remove specific harmful agents from the blood.
Overall, Aethlon Medical Inc. is at the forefront of developing groundbreaking medical devices aimed at improving outcomes for patients with severe health conditions, making significant strides in the fields of cancer and infectious diseases.
For more information, visit Aethlon Medical.
Aethlon Medical (AEMD) will announce its second quarter fiscal year 2022 financial results on November 9, 2021, at 4:15 p.m. EST. A conference call will follow at 4:30 p.m. EST, where management will discuss the financial results and corporate developments. The Hemopurifier, Aethlon's lead technology, targets life-threatening infections and cancer, and has received FDA Breakthrough Device designation. The company is conducting an Early Feasibility Study at the University of Pittsburgh to evaluate the Hemopurifier's effects on cancer-associated exosomes.
Aethlon Medical, Inc. (AEMD) has published a manuscript in Frontiers in Medicine detailing two case studies of critically ill COVID-19 patients treated with the Hemopurifier® blood filtration system. The study shows the Hemopurifier®'s ability to remove SARS-CoV-2 virus, exosomes, and exosomal microRNAs, with one patient experiencing clinical improvement. The device is undergoing an Early Feasibility Study to evaluate its safety in treating up to 40 COVID-19 ICU patients. Aethlon holds FDA Breakthrough Device designations for its applications in cancer and life-threatening viral diseases.
Aethlon Medical, Inc. (Nasdaq: AEMD) has announced a partnership with PPD, Inc. (Nasdaq: PPD) to manage clinical studies for its Hemopurifier, a therapeutic blood filtration system focused on treating infectious diseases, including COVID-19. Under this agreement, PPD will oversee ongoing clinical trials and may expand to additional studies. The Hemopurifier has received FDA Breakthrough Device designation and has shown promise in removing harmful viruses and exosomes in prior studies. This collaboration aims to expedite the clinical development for critically ill patients.
Aethlon Medical, Inc. (Nasdaq: AEMD) will present at the H.C. Wainwright 23rd Annual Global Investment Virtual Conference from September 13-15, 2021. CEO Charles J. Fisher will offer an overview on September 13 at 7:00 AM EDT, available on-demand for 90 days. Aethlon’s Hemopurifier, a clinical-stage device for treating cancer and viral infections, holds FDA's Breakthrough Device designation. The company also operates Exosome Sciences, focused on exosomal biomarkers for cancer and neurological diseases.
Aethlon Medical, Inc. (Nasdaq: AEMD) reported financial results for Q1 ended June 30, 2021, highlighting continued clinical development of the Hemopurifier for COVID-19. The company raised $17.5 million from common stock sales, bringing cash reserves to $25.2 million. Total government contract revenue was approximately $132,000. Operating expenses increased to $2.2 million, leading to a net loss of $2.1 million, up from $1.4 million year-over-year. The company is negotiating with additional clinical centers for trials, with a focus on potential treatments for SARS-CoV-2.
Aethlon Medical, Inc. (AEMD) will announce its first quarter fiscal year 2022 financial results on August 9, 2021, at 4:15 p.m. EST. This will be followed by a conference call at 4:30 p.m. EST to discuss the results and recent corporate developments. The company is known for its Hemopurifier®, a medical device addressing unmet global health needs, particularly in cancer treatment and life-threatening viral infections like COVID-19. The Hemopurifier has received FDA 'Breakthrough Device' designation, allowing for innovative clinical applications and studies.
Aethlon Medical (AEMD) reported financial results for the fiscal year ended March 31, 2021, highlighting a net loss of approximately $7.9 million, up from $6.4 million the previous year. Operating expenses increased to about $8.6 million, driven by higher payroll and clinical trial costs. The company raised around $17.3 million in June 2021 through various financing methods. The Aethlon Hemopurifier showed potential in treating COVID-19 patients, with successful case studies reported. As of March 31, 2021, cash reserves stood at about $9.9 million.
Aethlon Medical (AEMD) will release its financial results for Q4 fiscal year 2021 on June 24, 2021, at 4:15 p.m. ET. Management will also host a conference call at 4:30 p.m. ET the same day to discuss the results and corporate developments. The Hemopurifier, the company’s clinical-stage device, aims to treat cancer and viral infections. It holds FDA designations as a Breakthrough Device for advanced cancer and life-threatening viral infections, including COVID-19.
Aethlon Medical, Inc. (Nasdaq:AEMD) announced a registered direct offering of 1,380,555 shares at $9.00 per share, totaling approximately $12.425 million in gross proceeds. The offering is expected to close on June 14, 2021. Proceeds will be used for working capital and general corporate purposes. Additionally, Aethlon sold 626,000 shares under its At the Market Offering Agreement and will issue 1.12 million shares due to warrant exercises. The Hemopurifier, a key product, is in clinical trials for cancer treatment and COVID-19.
Aethlon Medical (Nasdaq: AEMD) announced a pre-print manuscript detailing two case studies of critically ill COVID-19 patients treated with the Hemopurifier® via Emergency Use. The first patient showed recovery signs despite previous severe viremia and achieved hospital discharge after eight treatments. The second patient demonstrated the in vivo removal of SARS-CoV-2 but unfortunately expired due to disease severity. The company is conducting an Early Feasibility Study, aiming to enroll 40 ICU COVID-19 patients. The Hemopurifier is recognized as a Breakthrough Device for both cancer and life-threatening viral infections.