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Anavex Life Sciences Corp. (Nasdaq: AVXL) is a clinical-stage biopharmaceutical company dedicated to the development of novel therapeutics for neurodegenerative and neurodevelopmental disorders. Headquartered in New York, Anavex focuses on precision medicine to treat diseases with high unmet medical needs, such as Alzheimer's disease, Parkinson's disease, Rett syndrome, and schizophrenia.
Anavex's lead compound, ANAVEX 2-73 (blarcamesine), is an orally available small molecule targeting sigma-1 and muscarinic receptors. It aims to restore cellular homeostasis, showing promise in multiple CNS disorders. Blarcamesine has successfully completed Phase 2a and Phase 2b/3 trials for Alzheimer's disease and various studies in Rett syndrome, including a recent Phase 2/3 EXCELLENCE pediatric trial demonstrating significant improvements in Rett Syndrome Behaviour Questionnaire (RSBQ) scores.
The company also has other promising drug candidates, such as ANAVEX 3-71, targeting sigma-1 and M1 muscarinic receptors. This candidate has exhibited disease-modifying activity in Alzheimer's disease models and is currently in a Phase 2 trial for schizophrenia.
Anavex actively engages in partnerships and collaborations, including support from the Michael J. Fox Foundation for Parkinson's Research. With a robust intellectual property portfolio, Anavex is committed to advancing its pipeline through rigorous clinical trials to bring effective treatments to market.
Recent highlights include presenting at key industry conferences and filing a Marketing Authorisation application with the European Medicines Agency (EMA) for blarcamesine in Alzheimer's disease. Anavex also recently bolstered its executive team with seasoned professionals to drive its R&D and clinical strategies forward.
For more information, visit www.anavex.com or follow the company on Twitter, Facebook, Instagram, and LinkedIn.
Anavex Life Sciences Corp. (Nasdaq: AVXL) has successfully exceeded its enrollment target for the ANAVEX®2-73 Phase 2b/3 study in Alzheimer’s disease, enrolling over 450 patients across 52 sites in North America, Europe, and Australia. The study focuses on the efficacy, tolerability, and safety of two doses of ANAVEX®2-73 (blarcamesine) compared to a placebo, utilizing SIGMAR1 gene expression as a precision medicine biomarker. Topline results are anticipated by mid-2022, highlighting the significant need for new therapies in Alzheimer’s treatment.
Anavex Life Sciences Corp. (Nasdaq: AVXL) announced a new patent from the USPTO for ANAVEX®2-73 (blarcamesine), extending its use to treat various cardiac dysfunctions such as cardiac arrhythmia and atrial fibrillation. This patent, effective until at least 2038, enhances the company's intellectual property portfolio while emphasizing the compound's potential benefits for Alzheimer’s disease patients who are also at risk for heart disease. The company aims to protect its innovation and commercial opportunities in CNS and cardiac disorder treatments.
Anavex Life Sciences Corp. (Nasdaq: AVXL) has announced the appointment of Dr. Jiong Ma to its Board of Directors, enhancing its leadership with her extensive experience in innovative product launches across various sectors. Dr. Ma has over 25 years in investing and scaling companies, including roles in venture capital and technology. She replaces Dr. Elliot Favus, who is retiring from the board. CEO Christopher U. Missling expressed confidence in Dr. Ma's ability to contribute to the commercial development of Anavex’s lead drug, ANAVEX®2-73, aimed at treating neurodegenerative disorders.
Anavex Life Sciences Corp. (AVXL) reported financial results for the fiscal quarter ending March 31, 2021, highlighting a net loss of $8.2 million or $0.12 per share, consistent with the prior year. Cash reserves stand at approximately $75.9 million, providing a runway for up to three years. Positive momentum is noted in their drug development pipeline, particularly for ANAVEX®2-73 in Alzheimer's disease, nearing full enrollment in a critical Phase 2b/3 study. Upcoming data readouts are anticipated to be significant catalysts for the company throughout 2021.
Anavex Life Sciences Corp. (AVXL) announced that CEO Christopher U. Missling will present at the Precision in Clinical Trials Virtual Summit on May 10, 2021. The company focuses on developing therapeutics for neurodegenerative disorders, including Alzheimer’s and Parkinson’s diseases. Anavex’s lead candidate, ANAVEX®2-73, has successfully completed a Phase 2a trial for Alzheimer’s and ongoing studies for Parkinson’s and Rett syndrome. The drug shows promise in restoring cellular function by targeting specific receptors and has potential benefits for multiple CNS disorders.
Anavex Life Sciences Corp. (Nasdaq: AVXL) will release its financial results for the fiscal quarter ending March 31, 2021, on May 13, 2021.
A conference call will follow at 4:30 PM ET, discussing financial performance, clinical programs, and corporate updates. ANAVEX®2-73 has shown promise in clinical trials for Alzheimer’s and Parkinson's diseases, while ANAVEX®3-71 targets key Alzheimer's disease mechanisms. Key clinical developments and strategic insights will be addressed during the call, which includes a Q&A session for analysts.
Anavex Life Sciences Corp. (Nasdaq: AVXL) has appointed Dr. Adebayo Laniyonu as Senior Vice President for Nonclinical Development. Dr. Laniyonu brings over 24 years of FDA experience, previously serving as Supervisory Pharmacologist/Toxicologist at the FDA’s CDER. His expertise encompasses the review of various drug submissions, aiding in regulatory guidance, and addressing issues in rare diseases. Anavex continues to focus on developing drugs for neurodegenerative conditions, with promising clinical results for its lead candidate ANAVEX®2-73 in Alzheimer’s and Parkinson’s diseases.
Anavex Life Sciences Corp. (Nasdaq: AVXL) announced that its CEO, Christopher U. Missling, PhD, will present at the B. Riley Securities’ Virtual Neuroscience Conference on April 28, 2021, at 12:00 p.m. EDT. The company focuses on developing therapeutics for neurodegenerative disorders, including Alzheimer's and Parkinson's diseases. Their lead drug candidate, ANAVEX®2-73, has shown promise in clinical trials for Alzheimer's and Parkinson's dementia. A live audio webcast of the conference will be accessible on their website.
Anavex Life Sciences Corp. (Nasdaq: AVXL) reported that the Independent Data Safety Monitoring Board (DSMB) has reviewed interim safety data for three ongoing clinical trials involving ANAVEX®2-73 (blarcamesine) for Rett syndrome. The DSMB recommended continuing all studies without modifications. Anavex plans to meet with the FDA to discuss an approval pathway, noting there are currently no FDA-approved treatments for Rett syndrome. The ongoing trials are expected to conclude by mid-2021 and the second half of 2021, respectively. ANAVEX®2-73 has received multiple FDA designations, potentially leading to accelerated approval.
Anavex Life Sciences Corp. (Nasdaq: AVXL) announced that Christopher U. Missling, PhD, CEO, will present at the 20th Annual Needham Virtual Healthcare Conference on April 15, 2021, at 8:45 a.m. EDT. The event will include a live audio webcast, accessible through Anavex’s website. The company focuses on developing therapeutics for neurodegenerative and neurodevelopmental disorders, with its lead candidate, ANAVEX®2-73, having completed successful Phase 2 trials for Alzheimer’s disease and Parkinson’s disease dementia. For further details, visit www.anavex.com.
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