Autonomix Medical, Inc. Reports Second Quarter Fiscal Year 2025 Financial Results and Provides a Corporate Update
Autonomix Medical (NASDAQ: AMIX) reported Q2 FY2025 financial results and clinical progress. The company's ongoing proof-of-concept trial for pancreatic cancer pain showed promising results, with 83% pain reduction and 100% of lead-in patient responders achieving zero opioid use at 4-6 weeks post-procedure. Trial enrollment reached 60%, with a 79% responder rate among first 15 patients. The company reported a net loss of $2.8 million for Q2, with cash position of $5.2 million as of September 30, 2024. R&D expenses increased to $1.2 million, primarily due to clinical trial costs. Autonomix expects to complete trial enrollment by end of 2024 and aims for potential FDA clearance in 1H 2027.
Autonomix Medical (NASDAQ: AMIX) ha riportato i risultati finanziari e i progressi clinici per il secondo trimestre dell'anno fiscale 2025. La sperimentazione in corso per il dolore da cancro pancreatico ha mostrato risultati promettenti, con una riduzione del dolore dell'83% e il 100% dei pazienti iniziali che hanno raggiunto un uso zero di oppioidi dopo 4-6 settimane dalla procedura. L'arruolamento nella sperimentazione ha raggiunto il 60%, con un tasso di risposta del 79% tra i primi 15 pazienti. L'azienda ha registrato una perdita netta di 2,8 milioni di dollari per il secondo trimestre, con una posizione di cassa di 5,2 milioni di dollari al 30 settembre 2024. Le spese per ricerca e sviluppo sono aumentate a 1,2 milioni di dollari, principalmente a causa dei costi delle sperimentazioni cliniche. Autonomix prevede di completare l'arruolamento della sperimentazione entro la fine del 2024 e punta a una potenziale approvazione da parte della FDA nella prima metà del 2027.
Autonomix Medical (NASDAQ: AMIX) reportó resultados financieros y avances clínicos para el segundo trimestre del año fiscal 2025. El ensayo en curso para el dolor en el cáncer de páncreas mostró resultados prometedores, con una reducción del dolor del 83% y el 100% de los pacientes iniciales que lograron un uso cero de opioides a las 4-6 semanas después del procedimiento. La inscripción en el ensayo alcanzó el 60%, con una tasa de respuesta del 79% entre los primeros 15 pacientes. La compañía reportó una pérdida neta de 2,8 millones de dólares para el segundo trimestre, con una posición de efectivo de 5,2 millones de dólares al 30 de septiembre de 2024. Los gastos en investigación y desarrollo aumentaron a 1,2 millones de dólares, principalmente debido a los costos de los ensayos clínicos. Autonomix espera completar la inscripción del ensayo para finales de 2024 y apunta a una posible aprobación de la FDA en la primera mitad de 2027.
Autonomix Medical (NASDAQ: AMIX)는 2025 회계연도 2분기 재무 결과 및 임상 진행 상황을 보고했습니다. 췌장암 통증에 대한 개념 증명 시험 결과가 유망한 것으로 나타났으며, 통증이 83% 감소하고 4-6주 후 100%의 초기 환자가 오피오이드 사용을 제로로 달성했습니다. 시험 등록률은 60%에 도달했으며, 처음 15명 환자의 응답률은 79%였습니다. 이 회사는 2분기에 280만 달러의 순손실을 기록했으며, 2024년 9월 30일 기준으로 현금 보유량은 520만 달러입니다. 연구 및 개발 비용은 임상 시험 비용으로 인해 120만 달러로 증가했습니다. Autonomix는 2024년 말까지 시험 등록을 완료하고 2027년 상반기 FDA 승인을 목표로 하고 있습니다.
Autonomix Medical (NASDAQ: AMIX) a annoncé les résultats financiers et les avancées cliniques pour le deuxième trimestre de l'exercice 2025. L'essai en cours pour la douleur causée par le cancer du pancréas a montré des résultats prometteurs, avec une réduction de la douleur de 83 % et 100 % des patients initiaux ayant atteint un usage zéro d'opioïdes après 4 à 6 semaines suivant la procédure. L'inscription à l'essai a atteint 60 %, avec un taux de réponse de 79 % parmi les 15 premiers patients. La société a enregistré une perte nette de 2,8 millions de dollars pour le deuxième trimestre, avec une position de trésorerie de 5,2 millions de dollars au 30 septembre 2024. Les dépenses de recherche et développement ont augmenté à 1,2 million de dollars, principalement en raison des coûts des essais cliniques. Autonomix s'attend à compléter l'inscription à l'essai d'ici la fin de 2024 et vise une éventuelle approbation de la FDA dans la première moitié de 2027.
Autonomix Medical (NASDAQ: AMIX) hat die finanziellen Ergebnisse und klinischen Fortschritte für das zweite Quartal des Geschäftsjahres 2025 berichtet. Die laufende Machbarkeitsstudie für Schmerzen bei Bauchspeicheldrüsenkrebs zeigte vielversprechende Ergebnisse mit einer Schmerzminderung von 83 % und 100 % der Ausgangspatienten, die 4-6 Wochen nach dem Eingriff keinen Opioidverbrauch hatten. Die Einschreibung in die Studie erreichte 60 %, mit einer Ansprechrate von 79 % bei den ersten 15 Patienten. Das Unternehmen meldete für das zweite Quartal einen Nettoverlust von 2,8 Millionen Dollar und hatte zum 30. September 2024 eine liquide Mittel von 5,2 Millionen Dollar. Die Forschung- und Entwicklungskosten stiegen auf 1,2 Millionen Dollar, hauptsächlich aufgrund der Kosten klinischer Studien. Autonomix erwartet, die Einschreibung der Studie bis Ende 2024 abzuschließen und strebt eine mögliche Zulassung durch die FDA in der ersten Hälfte von 2027 an.
- 83% pain reduction achieved in clinical trial at 4-6 week follow-up
- 100% of lead-in patient responders achieved zero opioid use
- 79% responder rate with zero opioid use at 7 days post-procedure
- 60% enrollment reached in ongoing clinical trial
- Net loss decreased year-over-year from $6.0M to $2.8M in Q2
- Increased R&D expenses from $0.5M to $1.2M year-over-year in Q2
- General and administrative expenses increased by $0.9M to $1.7M
- Continued net losses of $2.8M in Q2
- cash position of $5.2M as of September 30, 2024
Insights
The clinical trial data for Autonomix's nerve-targeting technology shows remarkable promise in treating pancreatic cancer pain. The 100% opioid elimination in responder groups and
The technology's 3,000x greater sensitivity in nerve detection compared to current solutions represents a significant technological advantage. With
The Q2 FY2025 financials reveal increasing operational costs as the company scales. Net losses decreased year-over-year from
Ongoing proof-of-concept (PoC) clinical trial in pain associated with pancreatic cancer; Preliminary results demonstrate
Company’s first-in-class technology has demonstrated significant, enduring reduction in pain and improvement in quality of life in ongoing PoC study to date
THE WOODLANDS, TX, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Autonomix Medical, Inc. (NASDAQ: AMIX) (“Autonomix” or the “Company”), a medical device company focused on advancing precision nerve-targeted treatments, today reported financial results for the second quarter fiscal year 2025 ended September 30, 2024 and provided a corporate update.
Recent Highlights
- Announced
83% reduction of pain at 4-6 week follow-up from lead-in patients in ongoing human clinical trial in pancreatic cancer pain patients; - Announced
100% of the lead-in patient responder group went to zero opioid use at 4-6 weeks post-procedure in preliminary results demonstrating Autonomix’s proprietary RF ablation technology’s ability in its ongoing human clinical trial; - Reached
60% enrollment in ongoing human clinical trial in pancreatic cancer pain patients; - Reported
79% responder rate with zero opioid use and quality of life improvement at 7 days post-procedure from first 15 patients highlighting significant impact on treatment of pancreatic cancer pain with maintained pain reduction; and - Presented at premier scientific conferences including the Cardiovascular and Interventional Radiological Society of Europe (CIRSE) Annual Congress and Octane Medical Innovation Forum.
“Over the course of the past quarter we have made significant progress in our ongoing human clinical trial and generated a growing body of encouraging data. Looking ahead, we are focused on the successful execution of our trial, with completion on enrollment expected by calendar year end. Based on the data demonstrated to date, we believe our technology has the potential to revolutionize the treatment paradigm for pancreatic cancer pain and bring an effective solution to additional high-value expansion opportunities. We are dedicated to building momentum and driving shareholder value in the near and long term,” commented Brad Hauser, Chief Executive Officer of Autonomix.
The Company’s first-in-class transvascular technology platform utilizes a catheter-based microchip sensing array antenna that has the ability to detect and differentiate neural signals with up to 3,000 times greater sensitivity than currently available technologies. Once target nerves are identified, Autonomix uses its proprietary radio frequency (“RF”) ablation technology to kill targeted nerves, enabling a precision guided sense, treat and verify approach to addressing a number of disease categories from chronic pain management to hypertension and cardiology. Current approaches, primarily relying on opioids or invasive ethanol injections, can provide only limited relief and may lead to risky side effects.
Expected Upcoming Milestones
- Q4 CY2024: Complete enrollment in PoC human clinical study evaluating proprietary ablation technology for treatment of pancreatic cancer pain
- Q4 CY2024: Complete ablation device design intended for clinical use
- 1H 2025: Report topline data from PoC trial
- 2025: Initiate multi-centered pivotal trial in the United States
- 2H 2026: De novo submission
- 1H 2027: Potential FDA clearance
For more information about the Company’s technology, please visit autonomix.com.
Summary of Financial Results for Three and Six Months Ended September 30, 2024
For the three months ended September 30, 2024 and 2023, the Company incurred net losses of
General and administrative expense was
Research and development expense was
For the six months ended September 30, 2024 and 2023, the Company incurred net losses of
General and administrative expense was
Research and development expense was
As of September 30, 2024 the Company had cash of
About Autonomix Medical, Inc.
Autonomix is a medical device company focused on advancing innovative technologies to revolutionize how diseases involving the nervous system are diagnosed and treated. The Company’s first-in-class platform system technology includes a catheter-based microchip sensing array that may have the ability to detect and differentiate neural signals with approximately 3,000 times greater sensitivity than currently available technologies. We believe this will enable, for the first time ever, transvascular diagnosis and treatment of diseases involving the peripheral nervous system virtually anywhere in the body.
We are initially developing this technology for the treatment of pain, with initial trials focused on pancreatic cancer, a condition that causes debilitating pain and is without a reliable solution. Our technology constitutes a platform to address dozens of indications, including cardiology, hypertension and chronic pain management, across a wide disease spectrum. Our technology is investigational and has not yet been cleared for marketing in the United States.
For more information, visit autonomix.com and connect with the Company on X, LinkedIn, Instagram and Facebook.
Forward Looking Statements
Some of the statements in this release are “forward-looking statements,” which involve risks and uncertainties. Forward-looking statements in this press release include, without limitation, the events set forth in the section “Expected Upcoming Milestones”, the potential of the technology to treat pain associated with pancreatic cancer, to successfully enroll patients within the specific timeframe, and to complete its clinical study in pancreatic cancer pain. Such forward-looking statements can be identified by the use of words such as “should,” “might,” “may,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” and “proposes.”
Although Autonomix believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” and elsewhere in the Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on May 31, 2024, and from time to time, our other filings with the SEC. Forward-looking statements speak only as of the date of the document in which they are contained and Autonomix does not undertake any duty to update any forward-looking statements except as may be required by law.
Investor and Media Contact
JTC Team, LLC
Jenene Thomas
908-824-0775
autonomix@jtcir.com
FAQ
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