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Aethlon Medical, Inc. Advances to Final Cohort in Oncology Clinical Trial Following Positive DSMB Review

(Positive)

Aethlon Medical (Nasdaq: AEMD) reported that an independent DSMB completed a safety review of cohort 2 in its AEMD-2022-06 oncology trial and recommended advancing to the third and final cohort. The DSMB found no safety concerns, with no device-related SAEs or DLTs reported to date.

Enrollment for Cohort 3 is open; participants will receive three Hemopurifier treatments over one week at three active clinical sites in Australia. Results will inform a future PMA study.

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Positive

  • Independent DSMB recommended advancement to final cohort
  • No device-related SAEs or DLTs reported to date
  • Cohort 3 enrollment now open at three Australian sites
  • Final cohort evaluates three treatments over one-week dosing period

Negative

  • Planned cohort size is small at approximately 9–18 patients
  • Primary endpoint is safety; no efficacy claim or clinical benefit reported
  • Trial sites limited to three locations in Australia, limiting geographic diversity

News Market Reaction – AEMD

-6.09%
7 alerts
-6.09% Session close to close
-11.6% Trough in 6 min
$3.78M Market Cap
0.4x Rel. Volume

In the Mar 24 session, AEMD declined 6.09%, reflecting a notable negative market reaction. Argus tracked a trough of -11.6% from its starting point during tracking. Our momentum scanner triggered 7 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved -6.1% in the session following this news. A negative reaction despite advancing to t...
Analysis

The stock moved -6.1% in the session following this news. A negative reaction despite advancing to the final cohort would have fit a pattern where prior clinical and preclinical updates sometimes coincided with declines between roughly -2% and -6%. With shares already 93.47% below the 52-week high and trading below the $7.37 200-day MA, sentiment has remained fragile. Even with 0 SAEs and 0 DLTs, investors have previously faded similar headlines.

Key Figures

Cohort 2 treatments: 2 Hemopurifier treatments Cohort 3 treatments: 3 Hemopurifier treatments Planned enrollment: 9–18 patients +5 more
8 metrics
Cohort 2 treatments 2 Hemopurifier treatments Second cohort regimen over a one-week period
Cohort 3 treatments 3 Hemopurifier treatments Final cohort regimen over a one-week period
Planned enrollment 9–18 patients Target enrollment for Australian solid tumor trial
Clinical sites 3 sites Active oncology trial locations in Australia
Serious adverse events 0 SAEs No serious adverse events related to Hemopurifier reported to date
Dose-limiting toxicities 0 DLTs No dose-limiting toxicities related to Hemopurifier reported to date
Price reaction 6.48% Same-day move on DSMB final cohort advancement news
52-week drawdown 93.47% below high Change versus 52-week high of $35.20

Previous Clinical trial Reports

5 past events · Latest: Oct 08 (Positive)
Same Type Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Oct 08 Clinical data update Positive +4.0% Early clinical observations showed EV and microRNA shifts with T cell changes.
Oct 07 Clinical data update Positive -5.8% Preliminary cohort 1 biological changes in EVs and T cells after treatment.
Jul 15 DSMB safety review Positive +4.3% DSMB cleared escalation from single-treatment cohort to two-treatment cohort.
May 14 Preclinical EV study Positive -2.3% Preclinical data showed high removal of platelet-derived EVs in 4-hour run.
Mar 10 Transplant study data Positive -5.5% Preclinical transplant data suggested broader Hemopurifier applications.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Clinical and preclinical updates have produced mixed short-term reactions, with more divergence than alignment between positive news and price moves.

Recent Company History

Over the past year, Aethlon has repeatedly highlighted Hemopurifier clinical and preclinical progress. Prior DSMB reviews and cohort data from the Australian oncology trial, as well as publications on extracellular vesicle removal and transplant applications, showed safety and biological activity but uneven stock reactions, with several moves between about -5% and +4%. Today’s advancement to the final cohort and continued clean safety profile extends this clinical storyline.

Key Terms

data safety monitoring board, extracorporeal, pembrolizumab, nivolumab, +4 more
8 terms
data safety monitoring board medical
"the independent Data Safety Monitoring Board (DSMB) overseeing its ongoing clinical trial"
A data safety monitoring board is a group of experts who regularly review information from a research or testing process to ensure it is safe and ethical. Think of them as watchdogs that watch over ongoing projects to protect participants and ensure everything is proceeding correctly. Their oversight helps maintain trust and safety, which is important for investors who want to see responsible management and reliable results.
extracorporeal medical
"an extracorporeal device for oncology and other indications"
Extracorporeal describes medical treatments or devices that act on blood, organs, or tissues outside the body for a period of time, such as filtering, oxygenating, or warming blood using a machine. Investors care because extracorporeal technologies form a distinct product market with specific regulatory paths, manufacturing needs, and recurring revenue from disposables; think of it like a laundromat for the body's fluids—specialized equipment doing work externally that patients and hospitals must repeatedly buy or use.
pembrolizumab medical
"while on a Treatment That Includes Pembrolizumab or Nivolumab"
A cancer immunotherapy drug that helps the body’s immune system recognize and attack tumor cells by blocking a molecular “brake” that tumors use to hide. Investors watch it because regulatory approvals, clinical trial results, dosing rules, and competition directly affect potential sales, profit forecasts, and the valuation of companies that sell or license the drug—think of trial outcomes as checkpoint signs that can open or close a revenue road.
nivolumab medical
"while on a Treatment That Includes Pembrolizumab or Nivolumab"
A prescription cancer drug that helps the body's immune system spot and attack tumors by blocking a molecular “brake” on immune cells, allowing them to act more aggressively against cancer. Investors monitor it because clinical trial results, regulatory approvals, new uses, or competition can drive significant changes in a drug maker’s sales forecasts, valuation and long-term growth prospects—similar to how a key product launch can reshape a company’s future.
serious adverse events (saes) medical
"To date, no serious adverse events (SAEs) or Dose-Limiting Toxicities (DLTs)"
Serious adverse events (SAEs) are significant negative outcomes, such as severe health issues, hospitalizations, or death, that occur during a medical study or treatment. For investors, SAEs matter because they can signal potential risks associated with a product or company, potentially affecting its reputation, regulatory approval, or financial performance. Recognizing SAEs helps gauge the safety and reliability of medical-related investments.
dose-limiting toxicities (dlts) medical
"no serious adverse events (SAEs) or Dose-Limiting Toxicities (DLTs) related"
Dose-limiting toxicities (DLTs) are the harmful side effects that become severe enough during a clinical trial to prevent giving a higher dose of an experimental drug. They matter to investors because DLTs determine the maximum safe dose, shape whether a drug can move forward in development, affect required study size and cost, and ultimately influence the drug’s market potential—think of them as the speed bumps that set how fast a candidate can go to market.
extracellular vesicles (evs) medical
"decrease the concentration of extracellular vesicles (EVs) and if these changes"
Extracellular vesicles (EVs) are tiny, membrane-bound packages that cells naturally release into the body carrying bits of protein, genetic material and fat. Think of them as biological postcards that reveal what a cell is doing or can be loaded with therapeutic cargo to deliver drugs. Investors care because EVs can be used as noninvasive disease tests, new drug-delivery platforms, or products with scalable manufacturing and regulatory challenges that affect commercial value.
premarket approval (pma) regulatory
"future efficacy and safety, Premarket Approval (PMA), study required by regulatory"
Premarket Approval (PMA) is the strict regulatory review process used by the U.S. authority for high-risk medical devices to prove they are safe and effective before they can be sold. For investors, a granted PMA is like receiving a key to a locked market: it can open exclusive sales opportunities, reduce near-term competition, and justify higher valuations, while also signaling that the company has cleared a costly, time-consuming hurdle.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SAN DIEGO, March 24, 2026 /PRNewswire/ -- Aethlon Medical, Inc. (Nasdaq: AEMD), a clinical-stage biotechnology company developing the investigational Aethlon Hemopurifier®, an extracorporeal device for oncology and other indications, today announced that the independent Data Safety Monitoring Board (DSMB) overseeing its ongoing clinical trial AEMD-2022-06 has completed its scheduled safety review of the second cohort participant data and recommended advancing to the third and final cohort. They also stated that "no safety concerns were noted with Hemopurifier device/procedure".

The trial, titled "Safety, Feasibility, and Dose-Finding Study of Aethlon Hemopurifier in Patients with Solid Tumors Who Have Stable or Progressive Disease While on a Treatment That Includes Pembrolizumab or Nivolumab", is being conducted to assess the Hemopurifier's safety, feasibility, and optimal dosing.

The DSMB, comprised of independent medical experts in nephrology and oncology- reviewed data from participants enrolled in the second cohort, in which patients received two Hemopurifier treatments over a one-week period. Based on their evaluation, the DSMB found no safety concerns and confirmed that the Hemopurifier continues to demonstrate a favorable safety and tolerability profile. To date, no serious adverse events (SAEs) or Dose-Limiting Toxicities (DLTs) related to the Hemopurifier device or treatment have been reported.

"The DSMB's continued positive recommendation supports the safety profile observed to date and allows us to advance into the third and final cohort of this study," said Steven LaRosa, M.D, Chief Medical Officer of Aethlon Medical. "We are encouraged by the gathering momentum of the trial and having a final data set and clinical study report to share with potential investors, partners and regulatory agencies".

Enrollment for Cohort 3 is now open. In this final cohort, participants will receive three Hemopurifier treatments over a one-week period further evaluating safety, feasibility and dosing parameters at the study's three active clinical sites in Australia. This trial is designed to enroll approximately 9 to 18-patients with solid tumors who have stable or progressive disease, while receiving treatment that includes Pembrolizumab (Keytruda®) or Nivolumab (Opdivo®).

The primary endpoint of this trial is the incidence of adverse events and clinically significant changes in safety laboratory tests of Hemopurifier- treated patients. In addition to safety monitoring, the study is designed to examine the number of Hemopurifier treatments needed to decrease the concentration of extracellular vesicles (EVs) and if these changes in EV concentrations improve the body's own natural ability to attack tumor cells. These findings are expected to inform the design of a future efficacy and safety, Premarket Approval (PMA), study required by regulatory authorities.

Aethlon Medical, Inc. remains committed to advancing the Hemopurifier for use in oncology and will continue to provide updates as the clinical trial progresses.

About the Hemopurifier®

The Aethlon Hemopurifier is an investigational medical device designed to remove enveloped viruses and tumor-derived EVs from circulation. It is used extracorporeally with a blood pump and combines plasma separation, size exclusion, and affinity binding using a plant lectin resin that targets mannose-rich surfaces found on EVs and viruses. EVs released by solid tumors are believed to play a role in metastasis and the resistance to immunotherapies and chemotherapy. Removal of enveloped viruses and extracellular vesicles has been demonstrated in both vitro studies and human subjects.

The Hemopurifier holds a U.S. Food and Drug Breakthrough Device for:

  • The treatment of individuals with advanced or metastatic cancer unresponsive to or intolerant of standard-of-care therapy; and
  • The treatment of life-threatening viruses not addressed with approved therapies.

The Hemopurifier is being developed under an open Investigational Device Exemption (IDE) for both indications.

About Aethlon Medical, Inc.

Aethlon Medical, Inc. (Nasdaq: AEMD) is a clinical stage medical device company headquartered in San Diego, California. Aethlon is advancing the Hemopurifier, to address unmet needs in oncology and infectious disease, using a novel platform designed to selectively remove circulation pathogenic targets from biologic fluids. For more information visit www.AethlonMedical.com and follow the company on LinkedIn.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks and uncertainties. Statements containing words such as "may," "believe," "anticipate," "expect," "intend," "plan," "project," "will," "projections," "estimate," "potentially" or similar expressions constitute forward-looking statements. Forward-looking statements in this press release include but are not limited to statements regarding advancement and completion of the Company's clinical trial; patient enrollment and timing; the safety, tolerability and dosing of the Hemopurifier; the potential biological or clinical effects of the Hemopurifier; the ability of the study to inform future trials; and the Company's development plans, regulatory pathway and potential applications of the Hemopurifier. Such forward-looking statements are subject to significant risks and uncertainties and actual results may differ materially from the results anticipated in the forward-looking statements. These forward-looking statements are based upon Aethlon's current expectations and involve assumptions that may never materialize or may prove to be incorrect. Factors that may contribute to such include, without limitation, the number of patients who receive pembrolizumab or nivolumab that will have lasting clinical responses to these agents; device deficiencies or immediate complications; the possibility of novel treatment strategies; how the Hemopurifier may reduce tumor-derived extracellular vesicles and enhance T cell activity against tumors; the efficacy of continued clinical trials; development under IDE for indications; and/or the number of patients enrolled in each cohort. The foregoing list of risks and uncertainties is illustrative but is not exhaustive. Additional factors that could cause results to differ materially from those anticipated in forward-looking statements can be found under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended March 31, 2024, and in the Company's other filings with the Securities and Exchange Commission, including its quarterly Reports on Form 10-Q. All forward-looking statements contained in this press release speak only as of the date on which they were made. Except as may be required by law, the Company does not intend, nor does it undertake any duty, to update this information to reflect future events or circumstances. The findings described herein are preliminary in nature, have not been peer-reviewed, and may not be replicated in subsequent studies or clinical trials.

Company Contact:
Jim Frakes
Chief Executive Officer and Chief Financial Officer
Aethlon Medical, Inc.
Jfrakes@aethlonmedical.com

Investor Contact:
Susan Noonan
S.A. Noonan Communications, LLC
susan@sanoonan.com

Cision View original content:https://www.prnewswire.com/news-releases/aethlon-medical-inc-advances-to-final-cohort-in-oncology-clinical-trial-following-positive-dsmb-review-302722909.html

SOURCE Aethlon Medical, Inc.

FAQ

What did Aethlon Medical (AEMD) announce about its AEMD-2022-06 trial on March 24, 2026?

The company announced the DSMB recommended moving to the final cohort after a safety review. According to the company, cohort 2 showed no Hemopurifier-related SAEs or DLTs, enabling enrollment to begin for cohort 3.

What is the treatment schedule for Cohort 3 in Aethlon Medical's AEMD-2022-06 study (AEMD)?

Cohort 3 participants will receive three Hemopurifier treatments over one week. According to the company, this regimen further evaluates safety, feasibility and dosing at three active Australian clinical sites.

How many patients will Aethlon Medical enroll in the final cohort of AEMD-2022-06 (AEMD)?

The final cohort is designed to enroll approximately 9 to 18 patients. According to the company, participants will have solid tumors and be receiving treatment including pembrolizumab or nivolumab.

What safety findings did the DSMB report for Aethlon Medical's Hemopurifier trial (AEMD)?

The DSMB reported no safety concerns with the Hemopurifier device or procedure. According to the company, no device-related serious adverse events or dose-limiting toxicities have been reported to date.

Will results from Aethlon Medical's AEMD-2022-06 trial support regulatory filings for AEMD?

The trial's findings are intended to inform a future PMA study required by regulators. According to the company, data on safety and EV changes will guide design of a subsequent efficacy and PMA trial.

Does Aethlon Medical (AEMD) report any efficacy results from the current trial as of March 24, 2026?

No efficacy results were reported; the primary endpoint is safety and laboratory changes. According to the company, the study examines EV concentration changes to assess potential biological effects but stops short of claiming efficacy.