STOCK TITAN

Anixa Biosciences and Moffitt Cancer Center Advance Ovarian Cancer CAR-T Clinical Trial to Highest Dose Level to Date

(Positive)

Anixa Biosciences (NASDAQ: ANIX) reported treatment of the first patient in cohort 5 of its Phase 1 FSHR-targeted CAR-T/CER-T trial for recurrent ovarian cancer at Moffitt Cancer Center.

The study has escalated to 1×10⁷ CAR-positive cells/kg, with no dose-limiting toxicities observed to date and five patients surviving 13–28 months post-treatment.

Loading...
Loading translation...

Positive

  • Dose escalated to 1×10⁷ CAR-positive cells/kg in cohort 5
  • No dose-limiting toxicities observed through 3×10⁶ CAR-T cells/kg
  • Five treated patients survived approximately 13–28 months post-treatment
  • Therapy targets FSHR, with limited expression in healthy tissues

Negative

  • Data are from an early-stage Phase 1 safety trial
  • Efficacy evidence limited to small number of treated patients so far

Market reaction after Phase 1 ovarian CAR-T dose escalation: ANIX -6.73% in the Jul 6 session

-6.73%
7 alerts
-6.73% Session close to close
-6.9% Trough in 25 hr 39 min
$111.26M Market Cap
0.9x Rel. Volume

In the Jul 6 session, ANIX declined 6.73%, reflecting a notable negative market reaction. Argus tracked a trough of -6.9% 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 -6.7% in the session following this news. A sharp decline could signal concern that,...
Analysis

The stock moved -6.7% in the session following this news. A sharp decline could signal concern that, despite longer survival out to 28 months and escalation to 1×10⁷ cells/kg, investors remain wary of early Phase 1 data. Prior clinical updates averaged roughly -2.89% with at least one steep selloff, and financing flexibility under the shelf may keep dilution risk in focus.

Key Figures

Cohort 5 dose: 1×10⁷ CAR-positive cells/kg Prior cohort dose: 3×10⁶ CAR-T cells/kg Patients >1 year survival: 5 patients +2 more
5 metrics
Cohort 5 dose 1×10⁷ CAR-positive cells/kg Fifth cohort dosing level in Phase 1 ovarian cancer CAR-T trial
Prior cohort dose 3×10⁶ CAR-T cells/kg Highest previously tested dose level without dose-limiting toxicities
Patients >1 year survival 5 patients Survived more than one year following CAR-T treatment
Longest survival 28 months Maximum reported post-treatment survival among trial participants
Second-longest survival 20 months Reported post-treatment survival in another trial participant

Previous Clinical trial Reports

5 past events · Latest: Jun 26 (Positive)
Same Type Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Jun 26 Clinical data update Positive +6.5% Updated breast cancer vaccine and ovarian CAR-T data presented at oncology symposium.
May 11 CAR-T survival data Positive +1.0% Updated survival and safety from ongoing Phase 1 lira-cel ovarian cancer trial.
Apr 01 Phase 1 results Positive +5.4% Positive final Phase 1 breast cancer vaccine results and move toward Phase 2.
Mar 30 Trial presentation notice Neutral -2.0% Announcement of upcoming ovarian cancer CAR-T trial presentation at SGO meeting.
Dec 11 Phase 1 data Positive -25.4% Final positive Phase 1 breast cancer vaccine data with strong immune responses.

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

Pattern Detected

Most prior clinical trial updates were received positively, though one major positive data release coincided with a sharp selloff.

Key Terms

car-t, fshr, lymphodepletion, dose-limiting toxicities, +1 more
5 terms
car-t medical
"novel FSHR-targeted CAR-T/CER-T therapy for recurrent ovarian cancer"
CAR-T is a type of cancer therapy that reprograms a patient’s own immune cells to seek and destroy specific cancer cells, like teaching guard dogs a new scent to track intruders. It matters to investors because CAR-T treatments can command high prices, drive strong revenue for successful developers, and carry regulatory and manufacturing risks that can sharply affect a company’s valuation and long-term growth prospects.
fshr medical
"therapy targeting follicle stimulating hormone receptor (FSHR), which is expressed"
FSHR is the protein on cell surfaces that binds follicle-stimulating hormone, a natural chemical that controls reproductive processes like egg and sperm development. Investors watch FSHR because drugs or diagnostics that target this receptor can affect fertility treatments, hormone-related disorders, and certain cancers; think of it as a lock that, when a new key is developed, can open markets for therapies or tests. Advances around FSHR can change a company’s product potential and regulatory risk.
lymphodepletion medical
"received 1×10⁷/kg CAR-positive cells following lymphodepletion, representing the highest dose"
Lymphodepletion is a short medical treatment that lowers a patient’s lymphocytes, the immune cells that can interfere with certain cell-based therapies, to create a more supportive environment for the new therapy to work. Think of it like clearing a crowded garden bed before planting seeds: by temporarily reducing competing cells, the engineered therapy can take hold more effectively. Investors watch lymphodepletion because it affects clinical trial results, safety profiles, treatment adoption, and overall commercial potential.
dose-limiting toxicities medical
"no dose-limiting toxicities have been observed across any cohort up to"
Dose-limiting toxicities are the harmful side effects seen in early clinical trials that are severe enough to stop researchers from raising a drug’s dose. Like a car’s speed limiter marking the safe top speed, DLTs define the maximum tolerable dose, and they matter to investors because they determine whether a medicine can reach effective levels, influence development timelines, costs, and regulatory chances, and thus affect a drug’s commercial prospects.
follicle stimulating hormone receptor medical
"therapy targeting follicle stimulating hormone receptor (FSHR), which is expressed"
A cell surface protein that binds follicle-stimulating hormone (FSH) and transmits its signal into reproductive cells, triggering processes like egg development in ovaries and sperm production in testes. Think of it as a cellular lock that the FSH key fits into; changing the lock or key alters biological response. It matters to investors because it is a common drug target and diagnostic marker in fertility treatments, hormone therapies and related biotech pipelines.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

Multiple Patients Surviving More Than One Year, Including one Beyond Two Years, with No Dose-Limiting Toxicities Observed to Date

Patients in Cohort 5 will receive 1×10⁷ CAR-positive cells/kg following lymphodepletion

SAN JOSE, Calif., July 6, 2026 /PRNewswire/ -- Anixa Biosciences, Inc. ("Anixa" or the "Company") (NASDAQ: ANIX), a biotechnology company focused on the treatment and prevention of cancer, today announced that the first patient has been treated in the fifth cohort of its ongoing Phase 1, dose-escalating, clinical trial (ClinicalTrials.gov NCT05316129) evaluating its novel FSHR-targeted CAR-T/CER-T therapy for recurrent ovarian cancer. The study is being conducted at Moffitt Cancer Center ("Moffitt").

Anixa Biosciences, Inc.

The Phase 1 study is evaluating a novel CAR-T therapy targeting follicle stimulating hormone receptor (FSHR), which is expressed on ovarian cancer cells but has limited expression in healthy tissues. The trial is designed to assess safety, tolerability, and preliminary signs of efficacy across escalating dose levels.

The patient received a dose of 1×10⁷/kg CAR-positive cells following lymphodepletion, representing the highest dose level evaluated to date in the study. To date, no dose-limiting toxicities have been observed across any cohort up to and including the dose level of 3x106/kg CAR-T cells, the prior dose tested.

As of the date of this release, five patients in the study have surpassed one year of survival following treatment, with individual patients surviving approximately 28, 20, 17, 17, and 13 months post-treatment, respectively. The Company believes these outcomes are notable in a highly pre-treated, recurrent ovarian cancer population that has progressed after multiple prior lines of therapy and limited treatment options and poor prognosis.

Dr. Amit Kumar, Chairman and CEO of Anixa Biosciences, stated, "Advancing to the fifth cohort and highest dose level while observing no dose-limiting toxicities across the study to date is a meaningful milestone for the program. Ovarian cancer remains one of the deadliest cancers affecting women, and patients with recurrent disease face limited treatment options and poor outcomes. While this Phase 1 study is primarily designed to evaluate safety, we are highly encouraged that five patients have surpassed one year of survival following treatment, with one patient having survived beyond two years. Typically, these highly pre-treated patients survive a matter weeks. These are precisely the kinds of signals we hoped to see at this stage. We look forward to further evaluating this novel solid tumor-specific CAR-T therapy as enrollment progresses."

About Lira-cel, Anixa's CAR-T Therapy for Recurrent Ovarian Cancer
Liraltagene autoleucel, or lira-cel, uniquely targets the follicle-stimulating hormone receptor (FSHR), which is selectively expressed on ovarian cells, tumor vasculature, and certain cancer cells, but not in healthy tissue. The ongoing Phase 1 trial (ClinicalTrials.gov NCT05316129) is enrolling adult women with recurrent ovarian cancer who have progressed after at least two prior therapies.

About Anixa Biosciences, Inc.
Anixa is a clinical-stage biotechnology company focused on the treatment and prevention of cancer. Anixa's therapeutic portfolio consists of liraltagene autoleucel, or lira-cel, an ovarian cancer immunotherapy being developed in collaboration with Moffitt Cancer Center, which uses a novel type of CAR-T, known as chimeric endocrine receptor-T cell (CER-T) technology. This technology is differentiated from other cell therapies as the natural ligand of the FSHR receptor, FSH, binds to the FSHR receptor on the tumor cell instead of an antibody fragment. Moffitt is a world leader in cancer immunotherapy treatments, pioneering next-generation cell therapies such as CAR-T, and tumor infiltrating lymphocytes (TILs) to harness the power of the immune system. The Company's vaccine portfolio includes vaccines being developed in collaboration with Cleveland Clinic to treat and prevent breast cancer and ovarian cancer, as well as additional cancer vaccines to address many intractable cancers, including high incidence malignancies in lung, colon, and prostate. These vaccine technologies focus on immunizing against "retired" proteins that have been found to be expressed in certain forms of cancer. The breast and ovarian cancer vaccines were developed at Cleveland Clinic and exclusively licensed to Anixa. Cleveland Clinic is entitled to royalties and other commercialization revenues from the Company related to these vaccine technologies. Anixa's unique business model of partnering with world-renowned research institutions on all stages of development allows the Company to continually examine emerging technologies in complementary fields for further development and commercialization. To learn more, visit www.anixa.com or follow Anixa on LinkedIn, X, Facebook and YouTube.

Forward-Looking Statements
Statements that are not historical fact may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical facts, but rather reflect Anixa's current expectations concerning future events and results. We generally use the words "believes," "expects," "intends," "plans," "anticipates," "likely," "will" and similar expressions to identify forward-looking statements. Such forward-looking statements, including those concerning our expectations, involve risks, uncertainties and other factors, some of which are beyond our control, which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. These risks, uncertainties and factors include, but are not limited to, those factors set forth in "Item 1A - Risk Factors" and other sections of our most recent Annual Report on Form 10-K as well as in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. You are cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in this press release.

Contact:
Mike Catelani
President, COO & CFO
mcatelani@anixa.com
408-708-9808

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/anixa-biosciences-and-moffitt-cancer-center-advance-ovarian-cancer-car-t-clinical-trial-to-highest-dose-level-to-date-302817267.html

SOURCE Anixa Biosciences, Inc.

FAQ

What did Anixa Biosciences (NASDAQ: ANIX) announce about its ovarian cancer CAR-T trial on July 6, 2026?

Anixa Biosciences announced dosing the first patient in cohort 5 of its Phase 1 FSHR-targeted CAR-T/CER-T trial for recurrent ovarian cancer. According to Anixa, this cohort receives 1×10⁷ CAR-positive cells/kg, the highest dose tested so far in the study.

What dose level is being tested in cohort 5 of Anixa's ANIX ovarian cancer CAR-T study?

Cohort 5 patients receive 1×10⁷ CAR-positive cells/kg following lymphodepletion. According to Anixa, this represents the highest dose level evaluated to date, following prior escalation where no dose-limiting toxicities were observed up to 3×10⁶ CAR-T cells/kg in earlier cohorts.

What survival outcomes have been reported in Anixa's Phase 1 ovarian cancer CAR-T trial (ANIX)?

Five patients have surpassed one year of survival after treatment in the trial. According to Anixa, these individuals lived approximately 28, 20, 17, 17, and 13 months post-treatment in a highly pre-treated recurrent ovarian cancer population with historically limited options.

What safety profile has Anixa reported so far for its FSHR-targeted CAR-T therapy (ANIX)?

No dose-limiting toxicities have been observed up to specified dose levels. According to Anixa, patients tolerated escalating doses through 3×10⁶ CAR-T cells/kg, and the first patient at 1×10⁷ CAR-positive cells/kg has now been treated following lymphodepletion in cohort 5.

What is the goal of Anixa's Phase 1 FSHR-targeted CAR-T trial for ovarian cancer?

The trial aims to evaluate safety, tolerability, and preliminary efficacy signals across escalating dose levels. According to Anixa, the therapy targets follicle stimulating hormone receptor (FSHR), which is expressed on ovarian cancer cells but has limited expression in healthy tissues.

Why does Anixa view the ovarian cancer CAR-T survival data as notable for ANIX investors?

Anixa considers survival beyond one year notable in this recurrent ovarian cancer setting. According to Anixa, these patients were highly pre-treated with multiple prior therapies and typically have limited treatment options and poor prognosis, making the observed 13–28 month survivals encouraging signals.