Welcome to our dedicated page for Ainos news (Ticker: AIMD), a resource for investors and traders seeking the latest updates and insights on Ainos stock.
Ainos, Inc. (NASDAQ: AIMD) is a diversified healthcare company headquartered in San Diego, California, specializing in developing innovative medical technologies for point-of-care testing (POCT), low-dose interferon therapeutics, and synthetic RNA-driven preventative medicine. The company's flagship product is VELDONA®, a low-dose oral interferon-alpha formulation aimed at enhancing immune responses against a range of diseases. Ainos' VELDONA® has shown promise in treating human disease indications such as influenza, hepatitis C, thrombocytopenia, as well as HIV-related oral warts and Behçet's disease, both of which have received Orphan Drug Designation by the U.S. FDA.
Ainos recently announced the completion of manufacturing a GMP Clinical Batch of VELDONA® in collaboration with its contract manufacturer, Swiss Pharmaceutical Co., Ltd. (Taiwan). This milestone validates Ainos' capabilities in delivering high-quality, cost-effective therapeutics and advances the company's key programs.
In addition to human therapeutics, Ainos is making strides in animal health. The company has initiated clinical trials for a new VELDONA®-based drug aimed at treating feline chronic gingivostomatitis, a serious and chronic painful oral disease. This study builds upon VELDONA®'s extensive history in animal health, demonstrating its therapeutic potential across various animal species.
Ainos is also pioneering AI-powered POCTs through its AI Nose technology platform. The company's lead POCT candidate, Ainos Flora, is designed to be a telehealth-friendly solution for women's health and common sexually transmitted infections (STIs). Furthermore, Ainos has initiated a co-development program with Nisshinbo Micro Devices Inc. and Taiwan Inabata Sangyo Co. to create a volatile organic compound (VOC) sensing platform. This technology aims to revolutionize applications in telehealth, automotive, industrial, and environmental safety, expanding Ainos' market reach.
Financially, Ainos has secured significant growth capital, including a $9 million convertible note from an existing shareholder. This funding will propel the company's initiatives in scaling up VELDONA® and advancing its AI Nose technology.
With nearly four decades of dedication to healthcare innovation, Ainos continues to push the boundaries of medical science, striving to deliver effective, safe, and high-quality treatments for both humans and animals. Investors and stakeholders are encouraged to follow Ainos on social media platforms like X (formerly Twitter) and LinkedIn for the latest updates and developments.
Ainos, a diversified medtech company, reported a remarkable 3,832% year-over-year increase in revenues, reaching US$1,038,025 in Q4 2022. The gross profit also surged by 2,668% to US$459,815, yielding a gross margin of 44.3%. For the full year, revenues increased 492% to US$3,519,627 driven by strong sales of COVID-19 antigen self-test kits. However, the company incurred a net loss of US$14,006,690 for 2022. Ainos signed MoUs with partners to expand its VELDONA® product line and secured US$3 million in a convertible note placement, enhancing its capital base for further development.
Ainos, Inc. (NASDAQ:AIMD, AIMDW) has signed a distribution agreement with Topmed International Biotech Co., Ltd. for the exclusive distribution of VELDONA®, a low-dose oral interferon-alpha product for pets, in Taiwan. Launch is expected in Q3 2023. This move taps into the growing pet ownership market in Taiwan, where one in four families has pets. VELDONA® aims to improve the health of cats and dogs suffering from diseases such as feline chronic gingivostomatitis and canine atopic dermatitis. The global pet dental health and canine atopic dermatitis markets are projected to grow significantly, providing a strong market opportunity for VELDONA®.
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