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AIM ImmunoTech Signs Agreement for Planning of a Proposed Phase 3 Clinical Trial of Ampligen in the Treatment of Late-Stage Pancreatic Cancer

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AIM ImmunoTech (NYSE American: AIM) signed an agreement with the PPD clinical research business of Thermo Fisher Scientific to design an anticipated Phase 3 trial of Ampligen for late-stage pancreatic cancer on March 2, 2026. AIM said its ongoing Phase 2 DURIPANC study with durvalumab is showing positive progress in PFS, OS and safety.

The Phase 2 study is investigator-initiated, open-label and expected to enroll up to 25 subjects in its Phase 2 portion; AIM plans to work with Thermo Fisher on Phase 3 design as enrollment completes later this year.

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Positive

  • Signed agreement with Thermo Fisher’s PPD to design a Phase 3 trial
  • Reported positive progress in PFS, OS and safety in DURIPANC Phase 2

Negative

  • DURIPANC Phase 2 is small (up to 25 subjects), limiting statistical power
  • Phase 3 remains planning-stage; no Phase 3 protocol or enrollment timeline provided

Key Figures

Planned Phase 2 subjects: up to 25 subjects Patients enrolled: 18 patients Ovarian cancer ORR: 50% ORR +5 more
8 metrics
Planned Phase 2 subjects up to 25 subjects DURIPANC Phase 2 portion enrollment target
Patients enrolled 18 patients DURIPANC enrollment as of Feb 2026 update
Ovarian cancer ORR 50% ORR Completed Phase 2 Ampligen combination trial in recurrent ovarian cancer
PFS >6 months 21% of patients Mid‑year DURIPANC data in metastatic pancreatic cancer
OS >6 months 64% of eligible patients Mid‑year DURIPANC data in metastatic pancreatic cancer
Shelf registration size $100 million Amended Form S‑3 shelf filed June 27, 2025
Rights offering size $12.0 million Series G preferred and warrant rights offering if fully subscribed
Short interest 10.02% Short interest as share of float (3,276,425 shares)

Market Reality Check

Price: $0.9076 Vol: Volume 129,276 vs 20-day ...
low vol
$0.9076 Last Close
Volume Volume 129,276 vs 20-day average 3,958,281 (relative 0.03x), suggesting muted trading interest ahead of this news. low
Technical Shares at $0.91 are trading below the 200-day MA of $2.68 after a -8.32% 24h move.

Peers on Argus

AIM fell 8.32% while peers showed mixed moves: TNFA -9.72%, PMCB -1.41%, NCNA -0...

AIM fell 8.32% while peers showed mixed moves: TNFA -9.72%, PMCB -1.41%, NCNA -0.46%, BCLI -0.07%, HCWB +0.37%. No clear sector-wide direction.

Common Catalyst Peer news today centers on listing compliance (HCWB), indicating stock-specific rather than sector-driven catalysts.

Previous Clinical trial Reports

5 past events · Latest: Feb 23 (Positive)
Same Type Pattern 5 events
Date Event Sentiment Move Catalyst
Feb 23 Phase 2 milestones Positive +2.9% Outlined DURIPANC enrollment timelines and key efficacy readout milestones.
Feb 05 Interim Phase 2 data Positive +16.6% Reported promising interim PFS/OS and no significant toxicity in DURIPANC.
Nov 10 Ovarian cancer data Positive -6.4% Detailed 50% ORR from completed ovarian cancer trial with Ampligen combo.
Aug 04 Pipeline and funding update Positive +6.4% Highlighted positive DURIPANC data and $8M equity raise for development.
Jul 28 Mid-year DURIPANC data Positive -14.3% Shared mid‑year DURIPANC efficacy and safety metrics in pancreatic cancer.
Pattern Detected

Clinical trial updates have produced mixed reactions, with both strong rallies and selloffs on ostensibly positive data.

Recent Company History

Over the past year, AIM has repeatedly highlighted Ampligen’s oncology potential through Phase 2 DURIPANC updates and other clinical data. Prior releases reported promising PFS and OS signals, no significant toxicity, and supportive ovarian cancer ORR data, with several updates generating double‑digit moves (both up and down). Today’s Phase 3 planning agreement follows these earlier pancreatic cancer milestones, extending the program’s trajectory toward a potential registrational path while the share price remains far below the 52‑week high of $20.33.

Historical Comparison

+1.0% avg move · In the past year AIM released 5 clinical‑trial updates averaging a 1.03% move. Today’s -8.32% reacti...
clinical trial
+1.0%
Average Historical Move clinical trial

In the past year AIM released 5 clinical‑trial updates averaging a 1.03% move. Today’s -8.32% reaction to Phase 3 planning is meaningfully more negative than prior same‑tag events.

Clinical updates have moved from early DURIPANC mid‑year data to multiple interim readouts and milestone timelines; this agreement to design a Phase 3 trial represents the next step toward a potential registrational program in pancreatic cancer.

Regulatory & Risk Context

Active S-3 Shelf · $100 million
Shelf Active
Active S-3 Shelf Registration 2025-06-27
$100 million registered capacity

AIM has an effective S-3/A shelf filed on 2025-06-27, authorizing up to $100 million of securities across multiple instruments. Recent prospectus supplements (424B5 debt, and rights offering supplements 424B4/424B3) indicate the shelf has been actively used, underscoring ongoing dilution capacity alongside this clinical progress.

Market Pulse Summary

This announcement extends AIM’s Ampligen program by engaging Thermo Fisher’s PPD unit to design a pr...
Analysis

This announcement extends AIM’s Ampligen program by engaging Thermo Fisher’s PPD unit to design a proposed Phase 3 trial in late‑stage pancreatic cancer, building on DURIPANC data showing encouraging PFS and OS with up to 25 planned Phase 2 subjects. Historically, clinical updates have produced volatile but mixed price reactions. Against an active $100 million shelf and recent rights offering, investors may watch future trial design details, enrollment progress, and any additional capital raises closely.

Key Terms

phase 3 clinical trial, progression-free survival, overall survival, investigator-initiated, +2 more
6 terms
phase 3 clinical trial medical
"to design AIM’s anticipated Phase 3 clinical trial in the use of the Company’s drug"
A phase 3 clinical trial is a large-scale study that tests a new medical treatment or drug to determine if it is safe and effective for widespread use. It often involves hundreds or thousands of participants and compares the new treatment to existing options or a placebo. For investors, the results of this phase are crucial, as successful outcomes can lead to regulatory approval and commercial success, while failures may halt development.
progression-free survival medical
"reported positive progress in Progression-Free Survival (“PFS”), Overall Survival"
Progression-free survival is the length of time during and after a treatment that a patient's disease does not get worse, measured from the start of treatment until the disease shows measurable signs of progression or the patient dies. Investors care because longer progression-free survival in clinical trials often signals that a drug is effective, improving chances of regulatory approval, market adoption, and revenue potential—think of it as a stopwatch showing how long a therapy can keep the illness at bay.
overall survival medical
"reported positive progress in Progression-Free Survival (“PFS”), Overall Survival"
Overall survival is the average or median length of time patients remain alive after starting a treatment or entering a clinical study, measured regardless of cause of death. Investors care because it is a clear, hard measure of a therapy’s real-world benefit — like timing how long a new battery actually runs — and strong improvements in overall survival can drive regulatory approval, market adoption and revenue potential.
investigator-initiated medical
"which is an investigator-initiated, exploratory, open-label, single-center study"
An investigator-initiated study is a research project started and run by a doctor, scientist, or academic institution rather than by a drug or device company; the investigator designs the study, enrolls patients, and often arranges funding or support. For investors, these studies can produce independent data that may strengthen or weaken a product’s prospects, like a customer-run test revealing real-world performance outside the maker’s control.
open-label medical
"which is an investigator-initiated, exploratory, open-label, single-center study"
Open-label describes a situation where everyone involved in a study or process knows the full details, such as who is receiving a treatment or intervention. For investors, understanding whether a project or product is open-label helps gauge the level of transparency and potential biases, influencing trust and decision-making. It’s like knowing whether a test or experiment is conducted openly or behind closed doors.
metastatic pancreatic cancer medical
"in the treatment of metastatic pancreatic cancer"
A serious form of cancer that began in the pancreas and has spread to other parts of the body, such as the liver or lungs; think of it like a fire that started in one room and has moved through the house. It matters to investors because metastatic disease usually signals advanced illness with limited treatment options, influencing the commercial prospects of therapies, clinical trial success, healthcare costs, and the financial outlook for companies working on diagnostics or treatments.

AI-generated analysis. Not financial advice.

OCALA, Fla., March 02, 2026 (GLOBE NEWSWIRE) -- AIM ImmunoTech Inc. (NYSE American: AIM(“AIM” or the “Company”) today announced an agreement with the PPD™ clinical research business of Thermo Fisher Scientific to design AIM’s anticipated Phase 3 clinical trial in the use of the Company’s drug Ampligen in the treatment of late-stage pancreatic cancer.

AIM CEO Thomas K. Equels states: “The ongoing Phase 2 DURIPANC clinical trial of Ampligen and AstraZeneca’s durvalumab in the treatment of late-stage pancreatic cancer is producing promising results. Based on the success so far, as well as anticipated final patient enrollment later this year, we believe it is now time to start mapping out the next steps for AIM’s development of Ampligen as a therapy for pancreatic cancer. AIM’s scientific team will work closely with Thermo Fisher’s experts in the design of a Phase 3 study and we look forward to their expertise and guidance in this critical endeavor. Pancreatic cancer is a deadly unmet medical need – and AIM believes that Ampligen could be a gamechanger in the treatment of pancreatic cancer.”

AIM recently published an updated corporate presentation that emphasizes the Company’s priority goal of a new drug approval for Ampligen in the treatment of pancreatic cancer. The presentation details AIM’s research and development work in pancreatic cancer; how Ampligen is believed to work in the treatment of pancreatic cancer; and why AIM believes that pancreatic cancer research and development holds the most potential for AIM’s stockholders.

See: Ampligen Breakthroughs in Treating Late-Stage Pancreatic Cancer: Corporate Presentation – February 2026

AIM has thus far reported positive progress in Progression-Free Survival (“PFS”), Overall Survival (“OS”) and safety in the DURIPANC study, which is an investigator-initiated, exploratory, open-label, single-center study expected to enroll up to 25 subjects in the Phase 2 portion. The clinical trial is a joint collaboration between AIM, AstraZeneca and Erasmus Medical Center (“Erasmus MC”) in the Netherlands.

See: AIM ImmunoTech Announces Planned Milestones in the Ongoing Phase 2 Trial of Ampligen and AstraZeneca’s Durvalumab in the Treatment of Metastatic Pancreatic Cancer

See: DURIPANC, Year-End Interim Clinical Progress Update

About AIM ImmunoTech

AIM ImmunoTech Inc. is an immuno-pharma company focused on the research and development of its lead product, Ampligen® (rintatolimod), for the treatment of late-stage pancreatic cancer, a lethal and unmet global health problem. Ampligen is a dsRNA and highly selective TLR3 agonist immuno-modulator that has shown broad-spectrum activity in clinical trials.

Forward Looking Statements

Some of the statements included in this press release may be forward-looking statements that 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 Private Securities Litigation Reform Act of 1995. Any forward-looking statements set forth in the press release speak only as of the date of the press release. 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 Company is in various stages of seeking to determine whether Ampligen® will be effective in the treatment of multiple types of viral diseases, cancers, and immune-deficiency disorders and disclosures in the Company’s reports filed with the SEC on its website and in its press releases set forth its current and anticipated future activities. These activities are subject to change for a number of reasons. Significant additional testing and trials will be required to determine whether Ampligen® will be effective in the treatment of these conditions. Results obtained in animal models do not necessarily predict results in humans. Human clinical trials will be necessary to prove whether or not Ampligen® will be efficacious in humans. No assurance can be given as to whether current or planned clinical trials will be successful or yield favorable data and the trials are subject to many factors including lack of regulatory approval(s), lack of study drug, or a change in priorities at the institutions sponsoring other trials. Even if these clinical trials are initiated, the Company cannot assure that the clinical studies will be successful or yield any useful data or require additional funding. Among the studies are clinical trials that provide only preliminary data with a small number of subjects, and no assurance can be given that the findings in these studies will prove true or that the study or studies will yield favorable results. No assurance can be given that future studies will not result in findings that are different from those reported in the studies referenced in the Company’s reports filed with the SEC, on the Company’s website and in its press releases. Operating in foreign countries carries with it a number of risks, including potential difficulties in enforcing intellectual property rights. The Company cannot assure that its potential foreign operations will not be adversely affected by these risks.

Please review the “Risk Factors” section in the Company’s latest annual report on Form 10-K and subsequent quarterly reports on Form 10-Q and the Registration Statement. Its filings are available at www.aimimmuno.com. The information found on the Company’s website is not incorporated by reference herein and is included for reference purposes only.



Investor Contact:

JTC Team, LLC
Jenene Thomas
908.824.0775
AIM@jtcir.com

FAQ

What did AIM (AIM) announce on March 2, 2026 about Ampligen and Phase 3 planning?

AIM announced an agreement with Thermo Fisher’s PPD to design an anticipated Phase 3 trial of Ampligen. According to the company, AIM will collaborate with Thermo Fisher experts to map a Phase 3 protocol as Phase 2 enrollment completes later in 2026.

What Phase 2 results did AIM report for Ampligen in pancreatic cancer in 2026?

AIM reported positive interim progress in PFS, OS and safety in the DURIPANC Phase 2 study. According to the company, the study is exploratory, investigator-initiated, open-label and expected to enroll up to 25 subjects in Phase 2.

How will the Thermo Fisher agreement affect AIM’s timeline for a Phase 3 Ampligen trial?

The agreement begins Phase 3 planning but does not fix start or enrollment dates. According to the company, design work will proceed while Phase 2 completes enrollment, with timelines to be defined during planning.

Does the DURIPANC trial involve partners for Ampligen development (AIM ticker AIM)?

Yes. DURIPANC is a joint collaboration between AIM, AstraZeneca and Erasmus Medical Center. According to the company, the study pairs Ampligen with AstraZeneca’s durvalumab in metastatic pancreatic cancer.

How large is the Phase 2 DURIPANC study for Ampligen mentioned by AIM (AIM)?

The Phase 2 portion is expected to enroll up to 25 subjects, an exploratory sample size. According to the company, the small cohort is investigator-initiated and intended to inform potential Phase 3 design decisions.
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