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Anixa Biosciences Inc

anixa.com

What Do They Do?

Develops cancer therapies and vaccines for ovarian and breast cancers, aiming to license them to pharmaceutical companies.

How Do They Make Money?

Companies paid one-time fees for rights to patented technology within 30 days of signing; Anixa hopes to earn future income by licensing its cancer therapies and vaccines to large pharmaceutical companies.

FY2023 revenue

Who Are Their Customers?

Past revenue came from companies that licensed patented technologies, including through litigation settlements; Anixa hopes to license cancer therapies and vaccines to large pharmaceutical companies.

Do Revenues Turn Into Profits?

No. It lost $9.8M in FY2023.

Operating income, FY2023
−5243% of revenue
Net income, FY2023
−4672% of revenue

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q3 FY2026, the three months to Jul 31, 2026
Net income
▲ +15% (Loss)
vs −$2.3M in Q3 FY2025

Shrinking. Revenue fell 16% in 4 years, from $250K in FY2019 to $210K in FY2023, about 4% a year.

Cancer vaccine research expands The older report described vaccines for breast and ovarian cancer; the latest report adds discovery work on vaccines for lung, colon and prostate cancers.

Focus shifts to cancer The older report included antiviral drug development, while the latest report describes its therapy and vaccine programs as focused on cancer.

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