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0 0.00222469410456077 0.00111234705228029 -0.00111234705228029 -0.0200222469410456 -0.0144605116796439 -0.0200222469410456 -0.0211345939933259
Stock impact report

Anixa Biosciences: Hard To Justify The Market's Optimism With An Upcoming Phase 1 Readout [Seeking Alpha]

Anixa Biosciences, Inc. (ANIX) 
Last anixa biosciences, inc. earnings: 3/9 05:10 pm Check Earnings Report
Company Research Source: Seeking Alpha
ANIX will present a more complete phase 1 data readout at SABCS in December, and the market appears to be anticipating this. However, the likelihood of a phase 1 trial making a huge impact is low, and I think the market will come away disappointed. Coupling that with a small cash position, ANIX does not appear to justify the current market cap, which sits at a high multiple relative to their current assets. J Studios/DigitalVision via Getty Images Topline Summary and Update It's been a while since I followed up on Anixa Biosciences ( ANIX ), noting that I felt their December 2024 price, even though it was quite low, did not appear to represent This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Show less Read more
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