Anixa Biosciences, Inc. - ANIX STOCK NEWS

Anixa Biosciences (NASDAQ: ANIX) announced its Board of Directors has approved the purchase of Bitcoin as a treasury reserve asset. The company aims to diversify holdings while maintaining its ongoing stock buyback program. Management highlighted positive results from their breast cancer vaccine and ovarian cancer therapy clinical trials, emphasizing low cash burn rates. The decision to invest in Bitcoin is presented as part of their financial management strategy, with the company citing Bitcoin's growing recognition as a mainstream asset class, inflation-resistant qualities, and the recent approval of Bitcoin ETFs as supporting factors.

Anixa Biosciences (NASDAQ: ANIX) has initiated dosing in the third cohort of its Phase 1 ovarian cancer CAR-T clinical trial, conducted in partnership with Moffitt Cancer Center. The new cohort receives one million CAR-positive cells, a tenfold increase from the initial dose. No dose-limiting toxicity was observed in the first two cohorts. The trial targets the follicle-stimulating hormone receptor (FSHR) in patients with recurrent ovarian cancer who have progressed on at least two prior therapies. Notably, one patient from the first cohort showed unusual stability and mild improvement for over a year post-infusion, with tumor biopsy revealing necrosis and T cell infiltration.

Anixa Biosciences and Cleveland Clinic presented updated positive data from their Phase 1 breast cancer vaccine trial at the SITC Annual Meeting. The vaccine, targeting α-lactalbumin protein, showed safety and tolerability across all three cohorts, with over 70% of patients exhibiting protocol-defined immune responses. The trial includes patients who completed triple-negative breast cancer treatment, high-risk individuals with genetic mutations, and patients receiving Keytruda. The primary side effect was injection site irritation. Based on these positive results, a Phase 2 study is planned for 2025, focusing on newly diagnosed breast cancer patients in the neoadjuvant setting.

Anixa Biosciences (NASDAQ: ANIX) announced that additional data from the Phase 1 clinical trial of its breast cancer vaccine will be made public on November 8, 2024, at 12:15pm CT. The presentation, titled 'Phase I Trial of alpha-lactalbumin vaccine in high risk operable triple negative breast cancer (TNBC) and patients at high genetic risk for TNBC,' will be presented at the 39th Society for Immunotherapy of Cancer (SITC) Annual Meeting. The data will be available on the company's website, accompanied by a press release analyzing the results.

Anixa Biosciences (NASDAQ: ANIX) announced its upcoming presentation at the Sidoti Micro-Cap Virtual Conference on November 14, 2024, at 1:00pm ET. Chairman and CEO Dr. Amit Kumar will present company updates and clinical program developments. The presentation follows the release of latest breast cancer clinical trial data scheduled for November 8, 2024.

Dr. Kumar will also provide updates on their CAR-T trial for recurrent and resistant ovarian cancer patients. Both trials are reportedly producing positive results that exceed expectations. The conference offers 1x1 meetings open to all registered investors.

Anixa Biosciences (NASDAQ: ANIX) announced that additional data from its Phase 1 breast cancer vaccine clinical trial will be presented at the 39th Society for Immunotherapy of Cancer (SITC) Annual Meeting from November 6-10, 2024. The presentation, titled 'Phase I Trial of alpha-lactalbumin vaccine in high risk operable triple negative breast cancer (TNBC) and patients at high genetic risk for TNBC,' will be delivered by Dr. Emily Rhoades from Cleveland Clinic. The trial is being conducted in collaboration with Cleveland Clinic and funded by the U.S. Department of Defense.

Anixa Biosciences (NASDAQ: ANIX) has administered a second dose of its CAR-T therapy to a patient in its ongoing Phase 1 clinical trial for ovarian cancer. This follows a positive response after the initial treatment, where the patient's tumor biopsy showed necrosis, inflammation, and T cell infiltration. The patient remained stable for nearly 18 months after the first infusion, maintaining a good quality of life.

The trial, conducted in collaboration with Moffitt Cancer Center, has treated six patients to date in two cohorts. The encouraging results have led to an amendment in the trial protocol to allow for second doses in patients who may benefit. Dr. Robert Wenham, the principal investigator, expressed optimism about the therapy's potential long-term benefits for ovarian cancer patients.

Anixa Biosciences (NASDAQ: ANIX) has appointed Suyasha Gupta as Senior Director of Clinical Development. Ms. Gupta will oversee the company's ongoing Phase 1 breast cancer vaccine and Phase 1 ovarian cancer CAR-T therapy clinical trials, as well as the upcoming Phase 2 breast cancer vaccine trial. She brings extensive experience in managing late-stage oncology and hematology clinical trials from her previous role at Genentech.

Dr. Pamela Garzone, Chief Development Officer, highlighted Ms. Gupta's expertise in oncology trial design and execution as important for Anixa's strategic goals. The company recently announced plans for their breast cancer vaccine Phase 2 trial, focusing on a therapeutic approach rather than prevention, aiming for a faster and more cost-effective path to approval.

Anixa Biosciences (NASDAQ: ANIX) and Moffitt Cancer Center have submitted an amendment to the protocol governing their ongoing CAR-T therapy clinical trial for ovarian cancer. The key change allows for a second dose of therapy to be administered to suitable patients without requiring individual INDs.

This amendment follows the approval of a single patient IND application for a second dose, where the patient showed signs of biologic activity after the initial treatment. Dr. Robert Wenham, principal investigator, noted that higher cell doses are expected to lead to efficacy, but a second dose may be necessary for some patients with solid tumors to improve response rates and durability.

Anixa's CEO, Dr. Amit Kumar, expressed enthusiasm about the trial's progress and anticipates regulatory approval for the amendment soon.