AMIX Autonomix Medical Inc

Autonomix Medical, Inc. (NASDAQ: AMIX) (“Autonomix” or the “Company”), a medical device company focused on advancing innovative technologies to revolutionize how diseases involving the nervous system are diagnosed and treated, today announced preliminary positive results from the first 15 patients in the Company’s ongoing proof-of-concept human clinical trial (the “Trial”) evaluating the safety and effectiveness of delivering transvascular energy to ablate relevant problematic nerves and mitigate pain in patients with pancreatic cancer pain.

“The significant reduction in pain and improvement in quality of life demonstrated in the study to date are incredibly encouraging. These data provide a strong indication that our technology has the potential to revolutionize the treatment paradigm for pancreatic cancer pain,” Brad Hauser, CEO of Autonomix commented. “Additionally, achieving 60% enrollment in our proof-of-concept study is a significant milestone for the Company and for the advancement of this technology. The pace at which our team has been able to progress enrollment underscores the need for innovative electrophysiology therapies. We remain focused on the successful execution of the study and remain on track to complete enrollment by calendar year end.”

Chief Medical Officer of Autonomix, Dr. Robert Schwartz added, “Pain has a significant impact on the lives of patients with pancreatic cancer. Available data suggests that over 80% of pancreatic cancer patients report moderate-to-severe pain associated with their disease.2 Opioids are the mainstay of treatment for these patients and often they are not enough to prevent trips to the ER for breakthrough pain episodes and interruptions in dosing of their underlying cancer treatment. Our data to-date suggest we can dramatically reduce pain in these patients, eliminate opioid use and improve the quality of life for these patients in a rapid and meaningful manner.”

Summary of First 15 Patients’ Topline Results 7-Days Post-Procedure

• 11 patients were treated with femoral access and three (3) were treated with brachial access. Patients treated with brachial access showed no improvement in their pain scores while patients treated with femoral access did respond to treatment. One (1) patient could not receive treatment due to a more severe stenosis than what appeared on pre-screening scans and is not included in the modified intent to treat population. The results presented in the chart above are for the 11 patients in the responder group.
• 79% of patients responded (11 out of the 14 treated patients) with a mean 4.96 reduction of pain on the VAS pain scale (from baseline of 7.82 to 2.86) at 7 days post-procedure.
• Study through 7 days post-procedure showed a decrease in opioid demand and no responding patient needed dose increase; No responding patient needed opioids after their 24-hour post-procedure follow-up visit.
• Responding patients reported a mean 66% improvement in overall health status at 7 days post-procedure.

When evaluating the total treated population, including non-responders, the mean reduction in the VAS pain score was a 3.64 point reduction, or 48%, in pain scores reported pre-procedure to Day 7 post-procedure.

As previously announced, Autonomix amended the Trial protocol to include the gathering of additional information on tumor encroachment on the vessels, as well as other key bio-measurements that may correlate with effective nerve ablation. Additionally, the Company has further defined severe pain for inclusion criteria as a 7 or above on the VAS scale as indicated by the patient rather than physician determination. A total of twenty (20) patients will be enrolled in the Trial that will be formally included in the Trial data results and analysis of Trial objectives. Suitability is determined by the primary oncologist caring for the patients with the treating Principal Investigator (“PI”) confirming eligibility for the Trial.

The Company’s first-in-class technology platform utilizes a catheter-based microchip sensing array antenna that has the ability to detect and differentiate neural signals with up to 3,000 times greater sensitivity than currently available technologies. Once target nerves are identified, Autonomix uses its proprietary radio frequency (RF) ablation technology to kill targeted nerves, enabling a precision guided sense, treat and verify approach to addressing a number of disease categories from chronic pain management to hypertension and cardiology. Current approaches, primarily relying on opioids or invasive ethanol injections, can provide only limited relief and may lead to risky side effects. For more information about the Company’s technology, please visit autonomix.com.

About the Trial

The goal of the Trial is to assess pain reduction via radiofrequency (RF) ablation. The Company’s catheter-based microchip sensing array used to detect and differentiate neural signaling was not used in this trial and will be evaluated in future studies.

The first five patients were enrolled and treated according to protocol in the beginning of the Trial to familiarize the PI with the procedure and will not be included in the analysis of the Trial objectives. These first five “lead-in” patients successfully completed the procedure per protocol with no immediate procedural-related complications or significant adverse events.

The primary objective of the Trial is to assess the success rate of ablating relevant nerves to mitigate pain in patients with pancreatic cancer pain utilizing RF ablation in a transvascular approach to the nerves in the region. Secondary objectives include assessing the incidence of device- and procedure-related adverse events up to 4-6 weeks post-procedure; estimating the change in pain levels from pre- to post-procedure; and estimating the change in quality of life from pre- to post-procedure. All patients who have had a successful procedure will be evaluated at 7 days, 4-6 weeks, and at 3 months post-procedure. All patients entered the study with severe abdominal pain from unresectable pancreatic cancer and a life expectancy of 3 months or less. Following the successful completion of the procedure, five patients have since succumbed to their disease. Both events were expected outcomes and not related to the Trial procedure.

About Autonomix Medical, Inc.

Autonomix is a medical device company focused on advancing innovative technologies to revolutionize how diseases involving the nervous system are diagnosed and treated. The Company’s first-in-class platform system technology includes a catheter-based microchip sensing array that may have the ability to detect and differentiate neural signals with approximately 3,000 times greater sensitivity than currently available technologies. We believe this will enable, for the first time ever, transvascular diagnosis and treatment of diseases involving the peripheral nervous system virtually anywhere in the body.

We are initially developing this technology for the treatment of pain, with initial trials focused on pancreatic cancer, a condition that causes debilitating pain and is without a reliable solution. Our technology constitutes a platform to address dozens of indications, including cardiology, hypertension and chronic pain management, across a wide disease spectrum. Our technology is investigational and has not yet been cleared for marketing in the United States.

For more information, visit autonomix.com and connect with the Company on X, LinkedIn, Instagram and Facebook.

Forward Looking Statements

Some of the statements in this release are “forward-looking statements,” which involve risks and uncertainties. Forward-looking statements in this press release include, without limitation, the potential of the technology to treat pain associated with pancreatic cancer, to successfully enroll patients within the specific timeframe, and to complete its clinical study in pancreatic cancer pain. Such forward-looking statements can be identified by the use of words such as “should,” “might,” “may,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” and “proposes.”

Although Autonomix believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” and elsewhere in the Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (SEC) on May 31, 2024. Forward-looking statements speak only as of the date of the document in which they are contained and Autonomix does not undertake any duty to update any forward-looking statements except as may be required by law.

Investor and Media Contact

JTC Team, LLCJenene Thomas 908.824.0775 autonomix@jtcir.com

1 First 15 subjects includes the five lead-in subjects, which will not be included in the final data release2 Westermann A, Matrisian LM, Rahib L. The need for improvement in the management of fatigue, depression and pain in pancreatic cancer. J Clin Oncol 2019;37(suppl 4):429a.

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• Autonomix Medical, Inc