Anavex Life Sciences to Announce Fiscal 2021 Third Quarter Financial Results on Thursday, August 12, 2021

Rhea-AI Summary

Anavex Life Sciences Corp. (Nasdaq: AVXL) will announce its financial results for the fiscal quarter ending June 30, 2021, on August 12, 2021, at 4:30 PM EDT. A conference call will follow, allowing management to discuss financial results and strategies for growth. Anavex specializes in developing therapeutics for neurodegenerative and neurodevelopmental disorders, including Alzheimer's and Parkinson's diseases. The company's lead drug, ANAVEX®2-73, has shown promise in clinical trials.

Positive

• Anavex's lead drug ANAVEX®2-73 has successfully completed multiple Phase 2 clinical trials for Alzheimer's and Parkinson's diseases.
• The company is actively engaging with stakeholders through a scheduled conference call to discuss financial and growth strategies.

Negative

• None.

Webcast and Conference Call To be Held Thursday, August 12, 2021, 4:30 pm EDT

NEW YORK, Aug. 05, 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 it will issue financial results for its fiscal quarter ended June 30, 2021 on Thursday, August 12, 2021.

Management will host a conference call on Thursday, August 12, 2021, at 4:30 pm EDT to review financial results and describe the Company’s growth strategy. Following management’s remarks, there will be a question-and-answer session.

Webcast / Conference Call Information:

The live webcast of the conference call can be accessed online at https://wsw.com/webcast/cc/avxl19/1500606.

To join the conference call, live via telephone, interested parties within the U.S. should dial, toll-free, 1 (866) 939-3921 and international callers should dial 1 (678) 302-3550. Please use confirmation number 50210582, followed by the pound sign (#).

A replay of the conference call will also be available on www.anavex.com.

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

FAQ

When will Anavex Life Sciences report its earnings for Q2 2021?

Anavex Life Sciences will report its earnings for the fiscal quarter ended June 30, 2021, on August 12, 2021.

What is the focus of Anavex Life Sciences?

Anavex Life Sciences focuses on developing therapeutics for neurodegenerative and neurodevelopmental disorders, including Alzheimer's and Parkinson's diseases.

What is ANAVEX®2-73 and its significance?

ANAVEX®2-73 is Anavex's lead drug candidate that has completed Phase 2 clinical trials, targeting Alzheimer's and Parkinson's diseases.

What will be discussed in the Anavex conference call?

The conference call will cover Anavex's financial results and its growth strategy.