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AIM ImmunoTech Announces Central IRB Approval of Phase 2 Study Protocol Evaluating Ampligen for the Treatment of Post-COVID Conditions

Key Takeaway: AIM ImmunoTech has received central IRB approval for its Phase 2 clinical trial protocol evaluating Ampligen for patients suffering from post-COVID conditions, specifically chronic fatigue. The AMP-518 trial will investigate the efficacy and safety of Ampligen in a randomized, double-blind study design involving approximately 80 subjects. The company anticipates beginning patient enrollment and dosing in the second quarter of 2023, reinforcing its commitment to addressing this growing medical need.
Price reaction · baseline $0.4196 (2023-04-03 close) · hit after-hours · clean, no other AIM news in the window
day 0 close · peak
+6.1%
day 1
+2.4%
day 3
-2.4%

Market Sentiment Analysis

POSITIVE FACTORS

  • Central IRB approval obtained for the Phase 2 study of Ampligen.
  • The study aims to address a significant unmet medical need for post-COVID conditions.
  • AIM plans to start patient enrollment and dosing in Q2 2023.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+20%
120-day peak, hindsight
Typical move
16.5%
average across 4 past catalysts
Cash runway
~6 mo
High dilution risk
Lead asset
poly I-poly C12U
Phase 2 · HIV Seropositivity

Full Press Release Details

OCALA, Fla., April 04, 2023 (GLOBE NEWSWIRE) -- AIM ImmunoTech Inc. (NYSE American: AIM) (“AIM” or the “Company”), an immuno-pharma company focused on the research and development of therapeutics to treat multiple types of cancers, immune disorders and viral diseases, today announced central Institutional Review Board (“IRB”) approval for the protocol of its Phase 2 study evaluating Ampligen® as a therapeutic for patients with post-COVID conditions (“AMP-518”). With this approval in hand, AIM is moving forward with the start-up process for the study’s planned clinical sites.
The AMP-518 clinical trial is a two-arm, randomized, double-blind, placebo-controlled, multicenter study to evaluate efficacy and safety of Ampligen in patients experiencing the post-COVID condition of fatigue. The primary outcome measure of the study is change from baseline to week 13 in PROMIS® Fatigue Score. Other study outcomes include: change from baseline to week 6 in PROMIS® Fatigue Score; change from baseline to weeks 6 and 13 in distance traveled during a Six-Minute Walk Test; proportion of subjects that surpass 54 meters in the Six-Minute Walk Test at the end of 12-week treatment phase; change from baseline to weeks 6 and 13 in PROMIS® Cognitive Function Score; and change from baseline to weeks 6 and 13 in PROMIS® Sleep Disturbance Score.
AIM Chief Executive Officer Thomas K. Equels commented, “This is an important step forward in the development of Ampligen as a potential therapeutic for the treatment of post-COVID chronic fatigue-like conditions. We continue to be encouraged by the pilot data demonstrated to date and believe Ampligen has the potential to meet an important growing unmet medical need, with a patient population that exceeds several million in the United States alone, with even more worldwide. With central IRB approval, our team is working toward getting our pre-selected sites open so that patient enrollment and dosing can be up and running as quickly and efficiently as possible.”
AMP-518 is expected to enroll approximately 80 subjects between the ages of 18 to 60 years across up to 10 centers in the United States. Patients will be randomized 1:1 to receive twice weekly IV infusions of Ampligen or placebo for 12 weeks with a follow up phase of two weeks. The Company expects to begin patient enrollment and dosing in the AMP-518 study in Q2 2023.
For more information about AMP-518 please visit ClinicalTrials.gov and reference identifier NCT05592418.
About AIM ImmunoTech Inc.
AIM ImmunoTech Inc. is an immuno-pharma company focused on the research and development of therapeutics to treat multiple types of cancers, immune disorders and viral diseases, including COVID-19. The Company’s lead product is a first-in-class investigational drug called Ampligen® (rintatolimod), a dsRNA and highly selective TLR3 agonist immuno-modulator with broad spectrum activity in clinical trials for globally important cancers, viral diseases and disorders of the immune system.
For more information, please visit aimimmuno.com and connect with the Company on Twitter, LinkedIn, and Facebook.
Cautionary Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “PSLRA”). Words such as “may,” “will,” “expect,” “plan,” “anticipate” and similar expressions (as well as other words or expressions referencing future events or circumstances) are intended to identify forward-looking statements. Many of these forward-looking statements involve a number of risks and uncertainties. Among other things, for those statements, the Company claims the protection of safe harbor for forward-looking statements contained in the PSLRA. The Company does not undertake to update any of these forward-looking statements to reflect events or circumstances that occur after the date hereof. The information found on our website is not incorporated by reference into this press release and is included for reference purposes only.
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Frequently Asked Questions

What is the AIM ImmunoTech AMP-518 study about?

The AMP-518 study evaluates Ampligen® for treating post-COVID fatigue.

How many subjects will the AMP-518 clinical trial enroll?

Approximately 80 subjects aged 18 to 60 will be enrolled in the trial.

What is the primary outcome measure for AMP-518?

The primary measure is the change in PROMIS® Fatigue Score at week 13.

When is patient enrollment expected to begin?

Patient enrollment for AMP-518 is expected to start in Q2 2023.

What is Ampligen® used for in this study?

Ampligen® is being tested as a potential treatment for post-COVID fatigue.

Last updated: Apr 4, 2023