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Ainos, Inc. (NASDAQ: AIMD, AIMDW) is a pioneering healthcare company based in San Diego, California, dedicated to addressing human and animal health challenges through innovative biologics and advanced testing technologies. With a focus on developing biologics for treating human and animal diseases, Ainos leverages its expertise to explore therapies for various indications, including influenza, hepatitis C, thrombocytopenia, and other conditions using a proprietary low-dose oral form of natural human interferon-alpha.
Ainos has made significant strides in the healthcare sector by advancing its VELDONA® low-dose interferon therapeutics. The company's recent clinical trials show promising results for VELDONA® as a potential treatment for oral warts in HIV-seropositive patients, with the U.S. FDA granting it Orphan Drug Designation. Additionally, Ainos is exploring the use of VELDONA® for conditions like Sjögren's syndrome, the common cold, and mild COVID-19 symptoms, with plans to pursue Phase III studies.
Another key area of Ainos’ innovation is its AI Nose technology platform, which drives the development of novel point-of-care testing (POCT) solutions. The AI Nose platform is designed for telehealth-friendly POCT applications across various fields, including women's health and sexually transmitted infections (STIs). Ainos has also collaborated with industry partners like Nisshinbo Micro Devices Inc. and Taiwan Inabata Sangyo Co. to co-develop a volatile organic compound (VOC) sensing platform, aiming to expand its applications to telehealth, automotive, industrial, and environmental safety sectors.
In the pet care market, Ainos offers VELDONA® Pet cytoprotein health supplements, which address multiple health issues in dogs and cats. This product line represents a significant step toward diversification and sustained growth beyond human treatments.
Financially, Ainos continues to strengthen its position with strategic funding initiatives, including recent convertible note financing that supports the scale-up of its VELDONA® and AI Nose growth initiatives. As the company advances its clinical trials and product developments, it remains committed to improving the quality of life for both human and animal patients through innovative healthcare solutions.
To stay updated with Ainos’ latest developments, follow them on social media platforms like X (formerly Twitter) and LinkedIn, or visit their official website at https://www.ainos.com.
Ainos, Inc. (NASDAQ:AIMD) has secured exclusive licenses for 10 invention patents and patent applications from Taiwan Carbon Nano Technology (TCNT), its affiliate and product co-developer. The licenses, valued at approximately $5.4 million, cover gas sensors and medical devices across multiple regions including the U.S., Germany, China, Japan, and Taiwan. The all-stock licensing structure aligns TCNT's interests with Ainos shareholders while preserving cash for growth.
This strategic move is expected to strengthen Ainos' AI Nose and Point-Of-Care Testing (POCT) technologies. The company is advancing its AI Nose and POCT pipeline, including the leading volatile organic compounds (VOC) POCT candidate, Ainos Flora. Ainos is also developing a VOC sensing platform with Japanese partners and progressing on the Next-Gen Ainos Flora, which implements NVIDIA CUDA technology.
Ainos (NASDAQ:AIMD) reported its Q2 2024 financial results, highlighting progress in its VELDONA® animal health initiatives. The company enrolled its first subject for an FCGS clinical study, marking a shift towards drug development in animal health. Ainos raised $9 million through convertible note financing, ensuring a 12+ month financial runway. Q2 2024 saw nominal revenues and a net loss of $3,195,022. R&D expenses increased to $1,978,756, while SG&A expenses rose to $1,044,880. The company's cash position improved to $8,014,098 as of June 30, 2024. Ainos is advancing its AI Nose technology and VELDONA® human drug candidates, aiming to maximize long-term shareholder value.
Ainos announces significant progress in the clinical trials of its AI Nose-powered Ainos Flora device, designed for rapid, non-invasive detection of bacterial, fungal, and common sexually transmitted infections in women. The trials, conducted at four major medical centers in Taiwan, successfully tested 75 cases, validating the AI algorithm's accuracy through real-world data incorporation and comprehensive data standardization.
Building on current trial success, Ainos aims to develop a next-gen Ainos Flora with NVIDIA CUDA, targeting Q3 for design completion and Q4 for clinical trials. The new device will feature improvements for at-home testing, addressing growing demand for decentralized healthcare solutions. The STI testing market is projected to reach $256 billion by 2028, with POCT accounting for 31%.
Ainos' ongoing innovation in AI and medical technology is supported by over 50 patents. The Ainos Flora device won the 2021 iF's Medicine/Health Design Award, highlighting its effectiveness and user-friendly design for home healthcare.
Ainos, a diversified healthcare company, released its Q1 2024 financial results. The company reported a strategic shift from COVID-19 rapid test kits, affecting near-term revenues, with Q1 revenue dropping to $20,729 from $49,164 in Q1 2023. Cost of revenues also decreased to $26,754 from $100,848. Despite this, gross profit improved, narrowing the loss to $6,025 from a $51,684 loss a year ago. Total operating expenses rose to $3.11M, attributed to higher clinical trial fees and research costs. Net loss widened to $3.31M from $2.52M. Recent financing efforts secured $9M in growth capital and an additional $1.75M in January 2024, bolstering Ainos' position for continued growth. CEO Chun-Hsien Tsai emphasized the focus on AI Nose and VELDONA technologies, exploring new markets, and advancing clinical studies.
Ainos, Inc. raises $9 million in growth capital through a convertible note with an existing shareholder. The capital will be used to scale up the company's VELDONA and AI Nose growth initiatives. Ainos aims to advance its AI Nose platform and VELDONA investigational new drugs, propelling the company forward in advancing clinical studies and pursuing out-licensing opportunities.
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