Anixa Biosciences announces Phase 2 study for breast cancer vaccine
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 24 2024
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Should l Buy ANIX?
Phase 2 Study Announcement: Anixa Biosciences is planning a Phase 2 study for its breast cancer vaccine, following a Phase 1 trial at Cleveland Clinic funded by the U.S. Department of Defense.
Trial Objectives and Timeline: The upcoming trial will assess the vaccine's efficacy in combination with chemotherapy and Keytruda, aiming to start in 2025 and last about two to three years, focusing on immunological responses and comparing treatment outcomes.
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Analyst Views on ANIX
Wall Street analysts forecast ANIX stock price to rise
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Moderate Buy
Current: 2.830
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Current: 2.830
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About ANIX
Anixa Biosciences, Inc. is a clinical-stage biotechnology company focused on the treatment and prevention of cancer. The Company's therapeutic portfolio consists of an ovarian cancer immunotherapy program 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. 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. The Company is engaged in the development of vaccines for the treatment or prevention of triple negative breast cancer and other breast cancers which express the a-lactalbumin protein. Its vaccine technologies are focused on immunizing against retired proteins that have been found to be expressed in certain forms of cancer.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Clinical Milestone Update: Anixa Biosciences will host its Annual Stockholders Meeting on March 10, 2026, where it will present survival observations and regulatory approval for dose escalation in its ovarian cancer CAR-T trial, indicating ongoing progress in cancer treatment that may attract more investor interest.
- Vaccine Program Progress: The meeting will also reveal final Phase 1 data from Anixa's breast cancer vaccine program, which met primary endpoints and demonstrated favorable tolerability and immune responses in most participants, suggesting potential market demand for cancer prevention solutions.
- Technological Collaboration Advantage: Anixa's lira-cel immunotherapy, developed in collaboration with Moffitt Cancer Center, utilizes a novel CAR-T technology that directly targets tumor cells via the natural ligand of the FSHR receptor, showcasing its uniqueness in cancer immunotherapy and potentially providing a competitive edge.
- Innovative Business Model: Anixa's strategy of partnering with renowned research institutions allows for continuous exploration of emerging technologies aimed at developing vaccines for various intractable cancers, reflecting its strategic foresight in the cancer treatment sector and potentially leading to long-term growth opportunities.
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- Annual Meeting Announcement: Anixa Biosciences will hold its 2026 Annual Stockholders Meeting on March 10, 2026, in a virtual format, expected to attract broad participation, including non-stockholders, aimed at enhancing company transparency and fostering investor relations.
- Clinical Progress Update: During the meeting, Anixa's Chairman and CEO Dr. Amit Kumar will present recent clinical milestones in the oncology pipeline, particularly focusing on the development of CAR-T therapy for ovarian cancer and breast cancer vaccines, showcasing the company's innovative potential in cancer treatment.
- Collaborative R&D Model: Anixa's partnerships with Moffitt Cancer Center and Cleveland Clinic drive the development of its unique CAR-T technology and cancer vaccines, indicating the company's strategy of continuously exploring emerging technologies through collaborations with leading research institutions for commercialization.
- Forward-Looking Statements: Anixa emphasizes its forward-looking statements, noting that future results may be influenced by various risks and uncertainties, cautioning investors to exercise care when evaluating the information presented to ensure a clear understanding of the company's future developments.
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- Improved Patient Survival: In Anixa's ovarian cancer CAR-T clinical trial, of the 12 treated patients, 7 have exceeded the expected median survival of 3 to 4 months, indicating the potential effectiveness and hope of the treatment.
- Long-Term Survival Cases: One patient survived 28 months post-treatment, while three others have survived over a year (17, 15, and 14 months respectively), suggesting that this therapy may provide new survival opportunities for patients with recurrent ovarian cancer.
- Good Safety Profile: No dose-limiting toxicities (DLTs) have been observed to date, allowing Anixa's partner, Moffitt Cancer Center, to obtain IRB approval for significant dose escalation, further validating the safety and efficacy of the therapy.
- Dose Escalation Plan: Under the amended protocol, the CAR-T cell dosage will increase from 1×10⁵ to 1×10⁷ cells per kilogram to as high as 1×10⁹ cells, representing a two-order-of-magnitude increase that may enhance treatment efficacy, especially following lymphodepletion treatment.
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- Naming Approval: Anixa Biosciences' FSHR-targeted CAR-T therapy, “liraltagene autoleucel,” has received approval from the US Adopted Names Council, marking a significant step in the global commercialization process by ensuring a universally recognized and conflict-free drug name.
- Clinical Trial Progress: The therapy is currently undergoing a Phase 1 clinical trial in partnership with Moffitt Cancer Center, aimed at evaluating its safety and clinical activity in patients with recurrent ovarian cancer, which is expected to provide crucial data for future treatment options.
- Technological Innovation: Liraltagene autoleucel utilizes a novel CER-T technology that specifically targets the FSHR receptor, uniquely expressed in normal ovarian cells and tumor vasculature, potentially offering new hope for ovarian cancer treatment and enhancing Anixa's competitive edge in the biotechnology sector.
- Partnership Strength: Anixa's collaboration with the world-renowned Moffitt Cancer Center solidifies its position in cancer immunotherapy and expands its cancer treatment portfolio through partnerships with Cleveland Clinic for vaccine development, showcasing its unique business model and research capabilities.
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- Naming Approval: Anixa's FSHR-targeted CAR-T therapy, 'liraltagene autoleucel', has received approval from the USAN Council, marking a significant step in the global commercialization process and enhancing its market recognition and legitimacy.
- International Recognition: The therapy's name has also been approved by the WHO's International Nonproprietary Names Expert Committee, ensuring consistency and conflict-free status in international markets, which bolsters Anixa's competitiveness in the global biotech sector.
- Clinical Trial Progress: Anixa is collaborating with Moffitt Cancer Center to conduct a Phase 1 clinical trial for 'liraltagene autoleucel', aimed at evaluating its safety and clinical activity in patients with recurrent ovarian cancer, which is expected to provide crucial data for future treatment options.
- Technological Innovation: This therapy utilizes a novel CER-T technology that targets tumor cells via the FSHR receptor, distinguishing it from traditional CAR-T therapies and showcasing Anixa's innovative capabilities and market potential in cancer immunotherapy.
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- Patent Approval: Anixa Biosciences has received a patent allowance from the Mexican Institute of Industrial Property, marking an expansion of its international intellectual property coverage for breast cancer vaccine technology, thereby reinforcing its leadership in cancer immunotherapy.
- Market Opportunities: The patent complements existing patents in the U.S. and other key markets, laying the groundwork for Anixa's future regulatory and commercial efforts in regions with high breast cancer incidence like Mexico.
- Clinical Development Support: The vaccine is based on immunizing against human α-lactalbumin, aiming to selectively activate the immune system to prevent tumor formation, which is expected to improve breast cancer diagnosis and treatment outcomes for women in Mexico.
- Global Strategic Positioning: By strengthening its global patent estate, Anixa is paving the way for future international development and commercialization strategies, potentially partnering with larger pharmaceutical companies for worldwide commercialization.
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