Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Medical device technology company Aethlon Medical (NASDAQ: AEMD) shares are surging premarket on Wednesday after the company said the first patient has been treated in its first-in-human visibility Early Feasibility Study (EFS) evaluating HEMOPURIFIER.
The study is treating patients with recurrent cancer and/or metastatic squamous cell carcinoma, a type of cancer of the head and neck. Aethlon is evaluating “the HEMOPURIFIER for reducing cancer-associated exosomes prior to the administration of standard-of-care pembrolizumab (KEYTRUDA).”
The EFS is the device equivalent of a Phase 1 trial for drugs and is a single centre open-label trial in 10-12 subjects.
“The initiation of this first-in-human study addressing cancer-associated exosomes is a significant step towards evaluating the HEMOPURIFIER® for potentially improving the efficacy of KEYTRUDA® in head and neck cancer,” commented Charles J Fisher Jr, Aethlon’s CEO.
Aethlon shares are up 103% at the time of this publication, trading at $3.29 after closing Tuesday’s session at $1.62.
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