Aethlon Medical, Inc. — Cyborg Score 6/10

Solid
Medical Device / Immunotherapy Enhancement

Strategic Profile

The Hemopurifier holds a U.S. Food and Drug Breakthrough Device designation for treatment of individuals with advanced or metastatic cancer unresponsive to or intolerant of standard-of-care therapy. The company advanced to the final cohort in its oncology clinical trial in March 2026 following positive Data Safety Monitoring Board review, with focus on patients receiving anti-PD-1 immunotherapy.

Cyborg Score Rationale

No safety concerns were noted with the Hemopurifier device/procedure through the first two cohorts, and the company has FDA Breakthrough Device designation. However, as a clinical-stage company with limited revenue visibility, execution risk remains elevated pending final trial completion and regulatory approval.

Top Insights

  • Hemopurifier oncology trial advanced to final cohort (March 2026) following positive safety review, with enrollment now open at three Australian clinical sites
  • Extracellular vesicles released by solid tumors are believed to play a role in metastasis and resistance to immunotherapies and chemotherapy, representing the therapeutic rationale
  • Company raised $3.3 million in December 2025 through private placement priced at $4.03 per share
  • Clinical program focuses on patients with stable or progressive disease on pembrolizumab (Keytruda) or nivolumab (Opdivo), targeting the ~60-70% who don't respond to anti-PD-1 monotherapy

Named Competitors

  • Keytruda — Anti-PD-1 checkpoint inhibitor
  • Opdivo — Anti-PD-1 checkpoint inhibitor

Recent Developments

  • (March 2026) Advanced to final patient cohort in oncology clinical trial with positive safety data; three participants completed treatment without safety concerns
  • (December 2025) Completed private placement financing of $3.3 million
  • (July 2025) Data Safety Monitoring Board approved advancement from first to second cohort with favorable safety profile

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