AIkido Pharma Notes Advancement in Radiopharmaceutical Research

Rhea-AI Summary

AIkido Pharma Inc. (Nasdaq: AIKI) announced positive results from a PSMA 617-Lu177 study conducted by a major pharmaceutical company, suggesting potential success for similar technologies AIkido is developing. CEO Anthony Hayes expressed that these findings support the Company's investment in radioligand therapies, which could offer alternatives for advanced prostate cancer treatment. Despite recent stock price declines, the Company remains confident about upcoming testing data expected in Q2 2021, reinforcing their commitment to innovation in cancer therapeutics.

Positive

• Positive results from a PSMA 617-Lu177 study indicate potential success for AIkido's technology.
• CEO highlights the therapeutic promise of radioligand therapies for advanced prostate cancer, enhancing investor confidence.
• Upcoming testing data expected in Q2 2021 could positively impact stock performance.

Negative

• Recent decline in AIkido's stock price may concern investors.

NEW YORK, April 16, 2021 /PRNewswire/ -- AIkido Pharma Inc. (Nasdaq: AIKI) ("AIkido" or the "Company") today noted that a recent study announced positive early results from a PSMA 617-Lu177 study conducted by a leading global pharmaceutical company.  The report provides strong indications for analogous success in similar technology the Company is helping to develop. 

The article can be accessed at:
https://www.thepharmaletter.com/article/further-vindication-for-novartis-in-radioligand-space 

Anthony Hayes, CEO of AIkido Pharma, stated, "As a rising tide lifts all boats, these results indicate the strength of our prior investment in this technology field.  These early reports indicate there is strong evidence that developing radioligand therapies have the potential to be an alternative cancer treatment and provide positive outcomes for patients with advanced prostate cancer.  The Company's stock price has been down recently, but we believe these positive results from the Novartis Phase III study provides an incremental proof point that reinforces our confidence in the radiopharmaceutical space, PSMA and our investment in this technology.  With testing data for our technology expected in Q2 of this year, we are excited about the results and the advancement of this technology."

About AIkido Pharma Inc.

AIkido Pharma Inc. was initially formed in 1967 and is a biotechnology Company with a diverse portfolio of small-molecule anti-cancer therapeutics.  The Company's platform consists of patented technology from leading universities and researchers, and we are currently in the process of developing an innovative therapeutic drug platform through strong partnerships with world renowned educational institutions, including The University of Texas at Austin and University of Maryland at Baltimore. Our diverse pipeline of therapeutics includes therapies for pancreatic cancer and prostate cancer. We are constantly seeking to grow our pipeline to treat unmet medical needs in oncology.  The Company is also developing a broad-spectrum antiviral platform that may potentially inhibit replication of multiple viruses including Influenza virus, SARS-CoV (coronavirus), MERS-CoV, Ebolavirus and Marburg virus.

Forward-Looking Statements

Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.

Contact:

Investor Relations:      

     Hayden IR 
     Brett Maas, Managing Partner 
     Phone: (646) 536-7331 
     Email: brett@haydenir.com 
     www.haydenir.com

AIkido Pharma Inc.:   

     Phone: 212-745-1373 
     Email: investorrelations@aikidopharma.com 
     www.aikidopharma.com

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SOURCE AIkido Pharma Inc.

FAQ

What are the results of the PSMA 617-Lu177 study related to AIKI?

The study showed positive early results, suggesting potential success for similar technologies that AIkido Pharma is helping to develop.

How does AIkido Pharma view the recent study results?

AIkido's CEO stated that the results reinforce confidence in the radioligand therapy field and the Company's investment.

When can we expect testing data for AIkido Pharma's technology?

Testing data for AIkido's technology is expected in Q2 2021.

What impact did the study have on AIkido Pharma's stock performance?

Despite the study's positive results, AIkido's stock price has been declining recently.