AIM ImmunoTech, Inc.
AIM ImmunoTech Inc. is an immuno-pharma company primarily engaged in developing therapeutics for various significant diseases, including multiple types of cancers, immune disorders, and viral infections like COVID-19. The company's flagship product, Ampligen® (rintatolimod), is an immune-modulator under development for various indications. It's notable for its broad-spectrum activity and is currently involved in numerous clinical studies aimed at demonstrating its efficacy across multiple high-value disease areas, including oncology and chronic viral diseases.
NYSEAMERICAN: AIM
IR Website: aimimmuno.com
Headquarters: Ocala, FL
Investor Contact: aim@jtcir.com
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Summary
AIM ImmunoTech Inc., an immuno-pharma company based in Ocala, Florida, is dedicated to the development of therapeutics for various cancers, immune deficiency disorders, and viral diseases, including COVID-19. The company has built a substantial portfolio of laboratory, pre-clinical, and clinical data focusing on nucleic acids and natural interferon to boost the human body's antiviral defenses and assist in developing therapies for specific cancers and chronic conditions.
AIM ImmunoTech's leading products are Ampligen® (rintatolimod) and Alferon N Injection® (Interferon alfa-n3). Ampligen® is a pioneering RNA-based drug targeting significant global health challenges, including various cancers and viral diseases. It is approved in Argentina for severe chronic fatigue syndrome (CFS) and is under evaluation for myalgic encephalomyelitis/chronic fatigue syndrome (ME/CFS) and post-COVID conditions. Alferon N Injection® is approved in the U.S. for the intralesional treatment of refractory or recurrent external genital warts in adults and for a specific STD infection in Argentina, noted for being the only natural-source, multi-species alpha interferon approved for these conditions.
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CEO Corner Videos & Virtual Investor Series
The CEO Corner platform was launched in March 2024 to provide an additional and in-depth perspective on press releases, corporate developments, and development pipeline progress.
“Keeping our stakeholders well informed is absolutely essential to the future success of AIM ImmunoTech. CEO Corner is a new way for us to connect directly with both current and potential stockholders. CEO Corner segments will provide expanded perspective on press releases, clinical trials and other corporate advancements as we continue to push forward with our development pipeline. We believe in the future of Ampligen and are dedicated to growing value for all stakeholders," said CEO Tom Equels.
March 7, 2024 –
Welcome to the AIM CEO Corner
March 13, 2024 –
Oncology Overview
March 20, 2024 –
Ovarian Cancer
March 20, 2024 –
Virtual Investor Lunch Break: The AIM Opportunity
April 11, 2024 –
Top-line Interim Data from Recurrent Ovarian Cancer Study
April 25, 2024 –
Metastatic Pancreatic Cancer
July 3, 2024 –
Corporate and Clinical Update
July 29, 2024 –
Early Stage Triple Negative Breast Cancer
Videos Source: Company Reports
Ampligen® - A Wide Variety of Potential Applications
AIM ImmunoTech has strategically positioned itself as a leader in immunotherapy research and development. With a focus on leveraging the unique properties of its flagship drug candidate, Ampligen, the company is addressing critical unmet needs across multiple therapeutic areas. This comprehensive approach not only diversifies AIM's potential market impact but also maximizes the opportunities for breakthrough treatments in complex diseases.
Source: Company Reports
Ampligen, the lead investigational drug developed by AIM ImmunoTech, is currently being evaluated across various indications in multiple human clinical trials. The drug is under investigation for potential efficacy in several oncology applications, including locally advanced and metastatic pancreatic cancer, as well as advanced recurrent ovarian cancer, both as a standalone treatment and in combination with other therapies. Notably, Ampligen is being studied in combination with established immunotherapies like Durvalumab and Pembrolizumab. The company has also reported positive data from an Early Access Program for late-stage pancreatic cancer in the Netherlands and is investigating Ampligen's potential in treating Long COVID / Post-COVID Conditions. Across these trials, AIM ImmunoTech is actively enrolling and dosing patients, reporting interim results, and progressing through various clinical phases, demonstrating a robust and diverse clinical development program for Ampligen.
AIM ImmunoTech's lead investigational drug, Ampligen® (rintatolimod), stands out as a novel immunotherapeutic agent with a distinctive mechanism of action. As noted below, Ampligen is being investigated for its potential antitumor applications.
Source: Company Reports
Ampligen's safety profile is being continuously evaluated across multiple disease areas. With approximately 100,000 IV doses administered in humans, the drug has demonstrated general tolerability and encouraging results in various preclinical models and clinical studies. Ampligen's potential applications span oncology, COVID-19, ME/Chronic Fatigue Syndrome, and Long COVID conditions, showcasing its versatility as a therapeutic candidate. Ampligen is approved in Argentina for severe chronic fatigue syndrome, and a Phase 3 trial for ME/CFS in the United States has been completed with ongoing analysis.
Source: Company Reports
Next Steps:
AIM ImmunoTech reports ongoing positive developments in its cancer treatment programs with Ampligen. Recent studies continue to explore the potential for enhanced anti-tumor immunity in recurrent ovarian cancer. Recent findings related to Ampligen's study in pancreatic cancer have been reported and are under review for publication. The company continues to explore and expand Ampligen’s therapeutic potential across various oncological applications.
In the video below, CEO Thomas Equels joined Proactive's Stephen Gunnion after the company announced the start of an NCI-funded Phase 2 study of its product candidate, Ampligen, in melanoma. Equels gave an overview of Ampligen and explained the process for the Phase 2 study and the steps AIM will take if it is successful. He also provided an overview of AIM's other programs with Ampligen.
Ampligen® - Mechanism in Oncology
Ampligen's unique mechanism of action in oncology focuses on reprogramming the tumor microenvironment to enhance the immune response against cancer cells. By converting "cold" tumors into "hot" tumors, Ampligen aims to make cancers more responsive to checkpoint blockade therapies. This approach leverages Ampligen's ability to selectively attract cancer-fighting T cells while reducing regulatory T cells that can suppress immune responses, potentially offering a novel strategy to improve cancer treatment outcomes.
Source: Company Reports
Chemokine modulation plays a crucial role in shaping the tumor microenvironment and influencing cancer outcomes. By altering the balance of specific chemokines, such as increasing CXCL10 and decreasing CCL22, therapies like Ampligen can potentially enhance the infiltration of cancer-fighting T cells (Teff) while reducing immunosuppressive regulatory T cells (Tregs). This modulation aims to create a more favorable immune environment within tumors, potentially leading to improved patient survival rates.
Source: Company Reports
Ampligen demonstrates a consistent pattern of immune activation across various solid tumor types, suggesting a broad applicability in oncology. This table illustrates how Ampligen influences key markers associated with T-cell chemotaxis and infiltration in different cancers, including ovarian, colorectal, triple-negative breast, and pancreatic cancers. The similarity in responses across these diverse tumor types underscores Ampligen's potential as a versatile immunotherapy agent.
Source: Company Reports
Ampligen® - In Oncology Programs
Ampligen has shown promising results in multiple cancer types, with a particular focus on pancreatic cancer. AIM ImmunoTech is conducting several clinical trials to evaluate Ampligen's efficacy in various stages of pancreatic cancer, as well as in other solid tumors such as ovarian, breast, colorectal, and melanoma.
Source: Company Reports
Pancreatic cancer represents a significant unmet medical need, with approximately 62,000 new cases and 50,000 deaths annually in the United States. The high mortality rate underscores the urgent need for new, effective treatments in this area.
Source: Company Reports
AIM ImmunoTech is pursuing two Phase 2 clinical trials in pancreatic cancer. AMP-270 is evaluating Ampligen following FOLFIRINOX in locally advanced pancreatic adenocarcinoma, while DURIPANC is studying the combination of Ampligen and durvalumab in metastatic pancreatic ductal adenocarcinoma.
Source: Company Reports
AIM ImmunoTech has established strategic collaborations to advance Ampligen's development in oncology. These partnerships leverage the expertise of leading institutions and companies, enhancing the potential for successful outcomes in clinical trials across various cancer types, including advanced and recurrent ovarian cancer.
Source: Company Reports
Ampligen® - In Pancreatic Cancer Programs
Ampligen has shown promising results in treating pancreatic cancer, one of the most challenging malignancies. AIM ImmunoTech is pursuing multiple clinical pathways to evaluate Ampligen's efficacy in this critical area of unmet medical need. Promising results from an Early Access Program at Erasmus University showed a statistically significant increase in overall survival for late-stage pancreatic cancer patients treated with Ampligen compared to historical controls.
The Early Access Program for Ampligen in late-stage pancreatic cancer, conducted in partnership with Erasmus MC, has yielded encouraging results. With over 55 subjects enrolled, this ongoing study uses Ampligen as monotherapy. Positive results published in March 2022 indicate a significant improvement in progression-free survival compared to historical controls.
Early Access Program in Late-Stage Pancreatic Cancer - Overall Survival] Further analysis of the Early Access Program data demonstrates promising overall survival outcomes. The graphs show improved survival probabilities for patients treated with Ampligen compared to historical controls, both in the general patient population and in subgroups such as those with CA19.9 levels below 1000. These results suggest Ampligen's potential to extend life in late-stage pancreatic cancer patients.
Source: Company Reports
Ampligen® - As a Potential Treatment for Post-COVID Conditions: Fatigue
AIM ImmunoTech's research into Ampligen as a potential treatment for post-COVID conditions focuses on two key areas: fatigue and cognitive dysfunction. The results are summarized below in four slides.
The Phase 2 study (AMP-518) demonstrated promising results in reducing fatigue, with Ampligen outperforming placebo in PROMIS® fatigue measures and the Six-Minute Walk Test. Preliminary data from the Hunter-Hopkins center showed improvements in exercise ability, fatigue levels, and post-exertional malaise over 12 weeks. Additionally, early results indicate potential benefits in cognitive function, with patients reporting improvements in concentration, memory, and overall cognitive performance after 24 weeks of treatment. These findings suggest that Ampligen may offer a comprehensive approach to addressing the complex symptoms of long-COVID, potentially improving both physical and cognitive outcomes for patients.
AIM ImmunoTech conducted a Phase 2 study to evaluate Ampligen's effectiveness in treating post-COVID fatigue. 80 subjects were enrolled in the study, and the preliminary topline data were reported in February 2024.
Source: Company Reports
Preliminary data from the Hunter-Hopkins Center provide encouraging results for Ampligen in treating long-term COVID-19 symptoms. As shown below, patient-reported outcomes demonstrate improvements in exercise ability, fatigue levels, and post-exertional malaise over a 12-week period.
Source: Company Reports
The topline results from the AMP-518 study suggest Ampligen's potential in alleviating post-COVID fatigue. The slide below summarizes key findings, including Ampligen's performance against placebo in PROMIS® fatigue measures and the Six-Minute Walk Test, as well as its safety profile.
Source: Company Reports
Below are preliminary data from the Hunter-Hopkins center on Ampligen's potential to improve cognitive dysfunction in long-COVID patients. The results show improvements in measures of cognitive function, including difficulty concentrating or focusing, memory problems, and impaired memory or concentration. The data compares baseline scores to those after 24 weeks of treatment, suggesting Ampligen may help alleviate these persistent cognitive symptoms associated with long-COVID.
Source: Company Reports
Market Potential
AIM ImmunoTech believes that it has potential solutions for a number of different indications, both for use in isolation as well as in conjunction with another drug.
First, Ampligen is in late-stage trials for the treatment of myalgic encephalomyelitis/chronic fatigue syndrome (ME/CFS). Up to 2.5 million Americans are estimated to suffer from this malady, causing the U.S. economy an estimated $17 to $24 billion per year, according to the CDC.
Additionally, Ampligen is currently being studied for alleviating "long COVID"—the long-term issues some COVID patients suffer from. While there is not much long-term information to draw from, a recent UCLA study implies that around 30% of COVID patients have long-term symptoms.
Lastly, oncology: AIM ImmunoTech believes that it may have therapeutic solutions for numerous types of cancer. As a malady that impacts so many of us, the potential market for these therapeutics is enormous. Precedence Research estimates that the global market will balloon to over $580 billion annually in 2030, with a Compounded Annual Growth Rate (CAGR) of 8.2% this decade.
Source: Precedence Research
Ampligen® Current Pipeline
Ampligen, the lead investigational drug developed by AIM ImmunoTech, is currently being evaluated across various indications in multiple human clinical trials. The drug is under investigation for potential efficacy in several oncology applications, including locally advanced and metastatic pancreatic cancer, as well as advanced recurrent ovarian cancer, both as a standalone treatment and in combination with other therapies. Notably, Ampligen is being studied in combination with established immunotherapies like Durvalumab and Pembrolizumab. The company has also reported positive data from an Early Access Program for late-stage pancreatic cancer in the Netherlands and is investigating Ampligen's potential in treating Long COVID / Post-COVID Conditions. Across these trials, AIM ImmunoTech is actively enrolling and dosing patients, reporting interim results, and progressing through various clinical phases, demonstrating a robust and diverse clinical development program for Ampligen.
Source: Company Reports
Alferon N Injection®
Alferon N Injection® continues to be an FDA-approved treatment for refractory or recurrent external condylomata acuminata. The commercial relaunch is pending the completion of the FDA's manufacturing approval process, including a successful pre-approval inspection. Sales are expected to resume following a successful pre-approval inspection and obtaining the necessary supplemental approvals.
Strong Cash Position & Poised for Commercialization
For biotech companies, securing sufficient funding is crucial to sustain development and regulatory approval processes, which are both time-intensive and costly. A lack of adequate funding is a common hurdle that prevents many biotech firms from bringing their candidates to market.
As of Q2 2024, AIM ImmunoTech is in a favorable position compared to many of its peers. With cash and cash equivalents of more than $10.0 million, the company remains strategically poised with enough financial resources to pursue its clinical development goals and move towards the commercialization of its products.
Source: Company Documents
While a strong cash position is no guarantee that its candidates will successfully move through the regulatory approval process, its cash position combined with a strong intellectual property stack puts it in a strong position for future success.
AIM ImmunoTech’s intellectual property portfolio is robust, with 46 patents worldwide, providing strong protection for its drug candidates. Ampligen, the company’s flagship product, benefits from market exclusivity, offering seven years of protection following FDA approval in the U.S. and ten years following EMA approval in Europe. This strategic combination of patents and market exclusivity positions AIM ImmunoTech to capitalize on its innovations, ensuring a competitive edge in the biotech market.
Source: Company Reports
SEC Filings
Management Overview
Thomas K. Equels, M.S. J.D.
Chief Executive Officer
THOMAS K. EQUELS is AIM ImmunoTech's Chief Executive Officer (since 2016), President (since 2015), and Executive Vice Chairman (since 2008). He has also been one of the company's Directors since 2008. Mr. Equels was formerly the President and Managing Director of the Equels Law Firm in Miami, Fla. For over a quarter century, he represented national governments, state governments and private companies in banking, insurance, aviation, pharmaceutical and construction matters. He also was, on numerous occasions, the court-appointed receiver to turn around distressed companies. Mr. Equels received his Juris Doctor degree with high honors from Florida State University. He received his Bachelor of Science, summa cum laude, from Troy University and also obtained his Master of Science Degree from Troy University. Mr. Equels began his professional career as a military pilot. He served in Vietnam and was awarded two Distinguished Flying Crosses, the Bronze Star, the Purple Heart, and fifteen Air Medals. In 2012, he was Knighted by Pope Benedict.
David R. Strayer, MD
Medical Officer
DR. DAVID R. STRAYER, MD, is the Chief Scientific & Medical Officer. He was appointed Chief Scientific Officer in February 2016 and has served as Medical Director since 1986. Based on his experience, Dr. Strayer is considered the foremost medical expert on Ampligen and Alferon in the world. He has served as Professor of Medicine at the Medical College of Pennsylvania and Hahnemann University from 1987 to 1998. Dr. Strayer is Board Certified in Medical Oncology and Internal Medicine with research interests in the fields of cancer and immune system disorders. He has served as principal investigator in studies funded by the Leukemia Society of America, the American Cancer Society, and the National Institutes of Health. Dr. Stayer attended the School of Medicine at the University of California at Los Angeles, where he received his MD in 1972.
Peter W. Rodino III, JD
Chief Operating Officer, Executive Director for Governmental Relations, General Counsel, Secretary
PETER W. RODINO III has been a Director since July 2013. On September 30, 2016, Mr. Rodino resigned as a member of AIM ImmunoTech's Board to permit him to serve in a new capacity. Effective October 1, 2016, AIM retained Mr. Rodinoas as Executive Director for Governmental Relations and as General Counsel. As of October 16, 2019, Mr. Rodino assumed the role of Chief Operating Officer. Mr. Rodino has been AIM's Secretary since November 2016. Mr. Rodinohas broad legal, financial, and executive experience. In addition to being President of Rodino Consulting LLC and managing partner at several law firms during his many years as a practicing attorney, he served as Chairman and CEO of Crossroads Health Plan, the first major Health Maintenance Organization in New Jersey. He also has had experience as an investment executive in the securities industry and acted as a trustee in numerous Chapter 11 complex corporate organizations. Previously, as founder and president of Rodino Consulting, Mr. Rodino provided business and government relations consulting services to smaller companies with a focus on helping them develop business plans, implement marketing strategies, and acquire investment capital. Mr. Rodino holds a B.S. in Business Administration from Georgetown University and a J.D. degree from Seton Hall University.
Robert Dickey IV
Chief Financial Officer
ROBERT DICKEY, IV has been AIM ImmunoTech's Chief Financial Officer since April 4, 2022. Mr. Dickey has more than 25 years of experience in C-suite financial leadership for life science and medical device companies, both private and public, ranging from preclinical development to commercial operations and across a variety of disease areas and medical technologies. Mr. Dickey has served as Managing Director at Foresite Advisors since March 2020, assuming responsibility for CFO advisory, financial analysis, capital raising, and transactional support/execution for public offerings and M&A services at life science companies and was previously a Managing Director at Danforth Advisors from August 2018 to March 2020. Both Foresite Advisors and Danforth Advisors provide financial support and investment advisory services. Mr. Dickey served as a member on the board of directors at Emmaus Life Sciences, a biopharmaceutical company, from July 2019 to August 2022; served as a member on the board of directors at Sanuthera, Inc., a privately held medical device company, from 2013 to 2017, and was employed as Chief Financial Officer of Motif Bio Plc., a NASDAQ and London AIM exchange-listed antibiotics company, from January 2017 to February 2018. Earlier in his career, Mr. Dickey spent 18 years in investment banking, primarily at Lehman Brothers, with a background split between mergers and acquisitions and capital markets transactions. Mr. Dickey was a senior vice president of the Company from 2008 until 2013. Throughout his career, he has demonstrated C-level (CFO, COO, and CEO) and Board-level experience in public, private, revenue stage, and development stage life sciences and medical device companies and has played a leading role in two start-ups. His prior career as an investment banker included 14 years at Lehman Brothers. Mr. Dickey is experienced in all stages of the business lifecycle, including start-up, high-growth and turnarounds, and in building businesses and achieving an exit. He also has international experience and expertise in public and private financings, M&A, partnering/licensing transactions, project management, and Chapter 11 reorganizations, as well as interacting with boards, VCs, shareholders, and Wall Street. Dickey has an MBA from The Wharton School and an AB from Princeton University.
Christopher McAleer, PhD
Scientific Officer
Risks & Disclosures
This communication is neither an offer to sell nor a solicitation of an offer to buy, nor a recommendation of any securities of the company mentioned herein.
AIM ImmunoTech Inc. (the “Company”) and its counsel have reviewed the content of this page as well as the accompanying presentation (“Company Presentation”) displayed on this page. To the best of its knowledge, the Company does not believe this content to be misleading or inaccurate in any material respect, nor does it believe there are any material omissions with respect to such content. The Company does not believe the contents of the page or the Company Presentation to contain any non-public material information.
Information and opinions presented in the Company Presentation are provided by the Company, and makes no representation as to their accuracy or completeness. The information contained on this page is not intended to constitute any form of advice, and the information provided is not intended to provide a sufficient basis on which to make an investment decision. It is not investment research, nor does it constitute a research recommendation, as it does not constitute substantive research or analysis. This information is not to be relied upon in substitution for the exercise of independent judgment.
Information, opinions and estimates contained on this page or in the Company Presentation reflect judgments by the Company as of the original date of publication by the Company and are subject to change without notice. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied is made regarding future performance.
A complete description of the risks and uncertainties relating to the Company and its securities can be found in the company's filings with the U.S. Securities and Exchange Commission available for free at www.sec.gov.
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B2i Digital or its related entities may own securities of the Company. Specifically, the CEO of B2i Digital owns 10,000 shares of AIM ImmunoTech, Inc. as of August 18, 2024.
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This communication includes forward-looking statements that involve risks, uncertainties and assumptions that are difficult to predict. Words and expressions reflecting optimism, satisfaction or disappointment with current prospects, as well as words such as “believes,” “hopes,” “intends,” “estimates,” “expects,” “projects,” “plans,” “anticipates” and variations thereof, or the use of future tense, identify forward-looking statements, but their absence does not mean that a statement is not forward-looking. The Company’s forward-looking statements are not guarantees of performance, and actual results could vary materially from those contained in or expressed by such statements due to risks, uncertainties and other factors. The Company urges readers to consider specifically the various risk factors identified in its most recent Form 10-K, and any risk factors or cautionary statements included in any subsequent Form 10-Q or Form 8-K, filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this communion. Except as required by law, the Company does not undertake any responsibility to update any forward-looking statements to take into account events or circumstances that occur after the date of this communication.
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