Anavex Life Sciences Announces Participation at Upcoming Lausanne VIII Workshop Panel - Building Global Momentum for Interventions in Alzheimer’s Disease

Rhea-AI Summary

Anavex Life Sciences Corp. (Nasdaq: AVXL) announced that CEO Christopher U. Missling will participate in the Lausanne VIII Workshop for Leaders and Innovators in Alzheimer’s from November 15 to 18, 2021. The workshop, focusing on novel therapeutic approaches, aims to address Alzheimer’s disease challenges and promote solutions by 2025. The event, organized by OECD and supported by various international organizations, highlights the growing urgency of Alzheimer's, which currently affects 5.7 million Americans and is projected to cost $1.1 trillion by 2050.

Positive

• Participation in a prominent workshop highlights Anavex's role in Alzheimer’s research.
• Engagement with global stakeholders may enhance collaboration and visibility in the pharmaceutical industry.

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• None.

Lausanne VIII Workshop for Leaders and Innovators in Alzheimer’s will be held, November 15, 2021 - November 18, 2021

NEW YORK, Nov. 10, 2021 (GLOBE NEWSWIRE) -- Anavex Life Sciences Corp. (“Anavex” or the “Company”) (Nasdaq: AVXL), a clinical-stage biopharmaceutical company developing differentiated therapeutics for the treatment of neurodegenerative and neurodevelopmental disorders including Alzheimer’s disease, Parkinson’s disease, Rett syndrome and other central nervous system (CNS) diseases, today announced that its President and Chief Executive Officer, Christopher U. Missling, PhD, will join the panel, “Exploring the Promise of Novel Therapeutic Approaches,” at the Lausanne VIII Workshop on Wednesday, November 17^th at 10:00 a.m. EST to 11:00 a.m. EST.

The 2021 Lausanne Workshop for Leaders and Innovators in Alzheimer’s is the eighth in a series of Lausanne-based annual Alzheimer’s convenings with a goal to stop Alzheimer’s by 2025. Over the past seven years, the Workshop has become a highly-curated platform for global Alzheimer’s stakeholders to identify challenges, set solution paths, measure progress and hold each other accountable to act.

The Lausanne Workshop is organized under the auspices of the Organisation for Economic Co-Operation and Development (OECD) and supported by The Global CEO Initiative on Alzheimer’s Disease (CEOi), Alzheimer’s Disease International (ADI) and World Economic Forum (WEF). It launched in 2014 as a response to the international call to action to stop dementia by 2025.

Click here to register or to learn more about the event.

About Alzheimer’s Disease

Alzheimer’s disease is a progressive degenerative brain disorder that gradually destroys a person's memory and ability to learn, reason, make judgments, communicate and carry out daily activities. An estimated 5.7 million Americans currently have Alzheimer's dementia. Alzheimer’s is the most common cause of dementia among older adults and is estimated to rank as the third leading cause of death for older people in the United States, just behind heart disease and cancer. In 2020, Alzheimer's and other dementias cost the nation $305 billion. By 2050, these costs could rise as high as $1.1 trillion.¹ There are currently over 50 million people living with dementia around the world, with numbers expected to increase to nearly 152 million by 2050.² Almost 10 million new cases of dementia are diagnosed each year worldwide, implying one new case every 3 seconds, and a significant increase in the caregiving burden placed on society and families.³

About Anavex Life Sciences Corp.

Anavex Life Sciences Corp. (Nasdaq: AVXL) is a publicly traded biopharmaceutical company dedicated to the development of differentiated therapeutics for the treatment of neurodegenerative and neurodevelopmental disorders including Alzheimer’s disease, Parkinson’s disease, Rett syndrome and other central nervous system (CNS) diseases, pain, and various types of cancer. Anavex’s lead drug candidate, ANAVEX^®2-73 (blarcamesine), successfully completed a Phase 2a clinical trial for Alzheimer’s disease and recently a Phase 2 proof-of-concept study in Parkinson’s disease dementia and a Phase 2 study in adult patients with Rett syndrome. ANAVEX^®2-73 is an orally available drug candidate that restores cellular homeostasis by targeting sigma-1 and muscarinic receptors. Preclinical studies demonstrated its potential to halt and/or reverse the course of Alzheimer’s disease. ANAVEX^®2-73 also exhibited anticonvulsant, anti-amnesic, neuroprotective, and anti-depressant properties in animal models, indicating its potential to treat additional CNS disorders, including epilepsy. The Michael J. Fox Foundation for Parkinson’s Research previously awarded Anavex a research grant, which fully funded a preclinical study to develop ANAVEX^®2-73 for the treatment of Parkinson’s disease. ANAVEX^®3-71, which targets sigma-1 and muscarinic receptors, is a promising clinical stage drug candidate demonstrating disease-modifying activity against the major hallmarks of Alzheimer’s disease in transgenic (3xTg-AD) mice, including cognitive deficits, amyloid, and tau pathologies. In preclinical trials, ANAVEX^®3-71 has shown beneficial effects on mitochondrial dysfunction and neuroinflammation. Further information is available at www.anavex.com. You can also connect with the company on Twitter, Facebook, Instagram and LinkedIn.

Forward-Looking Statements

Statements in this press release that are not strictly historical in nature are forward-looking statements. These statements are only predictions based on current information and expectations and involve a number of risks and uncertainties. Actual events or results may differ materially from those projected in any of such statements due to various factors, including the risks set forth in the Company’s most recent Annual Report on Form 10-K filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement and Anavex Life Sciences Corp. undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof.

For Further Information:

Anavex Life Sciences Corp.
Research & Business Development
Toll-free: 1-844-689-3939
Email: info@anavex.com

Investors:
Andrew J. Barwicki
Investor Relations
Tel: 516-662-9461
Email: andrew@barwicki.com

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¹ https://www.nia.nih.gov/health/alzheimers; https://www.alz.org/alzheimers-dementia/facts-figures.
² Alzheimer's Disease International. World Alzheimer Report 2019. https://www.alz.co.uk/research/WorldAlzheimerReport2019.pdf.
³ AARP. 2020 Report: Caregiving in the U.S. https://www.aarp.org/content/dam/aarp/ppi/2020/05/full-report-caregiving-in-the-united-states.doi.10.26419-2Fppi.00103.001.pdf.

FAQ

What is the significance of Anavex's participation in the Lausanne VIII Workshop?

Anavex's participation signifies its commitment to addressing challenges in Alzheimer’s research and collaborating with global leaders.

When is the Lausanne VIII Workshop held?

The Lausanne VIII Workshop takes place from November 15 to 18, 2021.

What are the goals of the Lausanne VIII Workshop?

The workshop aims to promote solutions to Alzheimer's disease and set actionable paths towards stopping the disease by 2025.

What does Anavex Life Sciences Corp. focus on?

Anavex focuses on developing therapeutics for Alzheimer’s disease and other neurodegenerative disorders.

How many people are currently affected by Alzheimer’s disease in the U.S.?

Approximately 5.7 million Americans are living with Alzheimer’s dementia.