AIM ImmunoTech

AIM ImmunoTech Inc. (AMEX: AIM), formerly known as Hemispherx Biopharma Inc., is a biopharmaceutical company based in Ocala, Florida.[2] Founded in 1990, the company has 32 employees.[3]

AIM ImmunoTech
AIM
Traded asAMEX: AIM
IndustryBiopharmaceutical
Headquarters,
USA
Key people
CEO Thomas K. Equels, M.S. J.D.
COO Peter W. Rodino III, J.D.
ProductsAmpligen®
Alferon®
ServicesCancer research
Total assets$ 15.965 million  (2019[1])
Websiteaimimmuno.com/ 

History

The company's logo when it was named Hemispherx Biopharma, Inc.

The company has created an immunomodulatory double stranded RNA drug called Ampligen.[4] The company is developing Ampligen to use as a treatment for multiple cancer tumor types and for chronic fatigue syndrome.[5]

On April 3, 2001, Hemispherx Biopharma, Inc. adjusted and restated its 1999 financial statements to reflect charges relating to an extension of the exercise period to certain warrants as of February 1999.

On April 3, 2006, Hemispherx Biopharma, Inc. restated financial results for 2003 and 2004 due to accounting mistakes related to debentures and warrants issued between March 2003 and August 2005.[6]

In June, 2018, Hemispherx announced that Ampligen had shown effectiveness in activating the TLR3 without triggering T-cell regulatory activities, offering a potentially effective way to treat tumors.[7]

As of June 2019, Hemispherx is operating 5 studies examining the viability of Ampligen for combating Ovarian cancer, to which end it has also raised tens of millions of dollars in shareholder capital.[8]

On September 3, 2019, Hemispherx Biopharma was renamed to AIM Immunotech.[9]

On March 12, 2020, Hemispherx Biopharma announced that they were testing a possible treatment for the novel coronavirus, the virus believed to cause the symptoms of COVID-19.

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References

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