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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 announced a change in auditors from BDO USA LLP to Grant Thornton LLP, effective immediately. This decision follows a thorough evaluation process by the Audit Committee and is not due to any disagreements with BDO, which served the company for nine years. CEO Christopher U. Missling expressed gratitude to BDO for their service and optimism about the new partnership with Grant Thornton as Anavex progresses with its growth plans. The company specializes in developing therapeutics for neurodegenerative disorders.
Anavex Life Sciences Corp. (Nasdaq: AVXL) announced participation in the 11th Annual SVB Leerink Global Healthcare Conference on February 16, 2022, at 3 pm ET. Christopher U. Missling, PhD, President and CEO, will present via a live audio webcast, accessible from the company's website. Anavex is focused on developing therapeutics for neurodegenerative disorders, including Alzheimer’s and Parkinson’s diseases. Their lead candidate, ANAVEX®2-73, has shown promising results in clinical trials, indicating potential effectiveness for a range of CNS diseases.
Anavex Life Sciences Corp. (AVXL) reported its financial results for Q1 2022, revealing a net loss of $10.9 million, or $0.14 per share. Cash and cash equivalents stood at $151.1 million, slightly down from $152.1 million in the previous quarter. The company highlighted successful Phase 3 AVATAR study results for the Rett syndrome treatment, ANAVEX®2-73, and positive Phase 1 results for ANAVEX®3-71, which targets Frontotemporal Dementia. Additional clinical studies are planned for 2022 to expand the company's portfolio of neurodegenerative disorder treatments.
Anavex Life Sciences Corp. (Nasdaq: AVXL) announced supplemental information regarding the AVATAR Phase 3 trial of ANAVEX®2-73 (blarcamesine) for treating adult patients with Rett syndrome. Following a successful Phase 2 study, the AVATAR trial has updated endpoints approved by regulatory agencies in the UK and Australia. Anavex plans to approach the FDA for an approval pathway as no drugs are currently approved for Rett syndrome. The company’s candidate holds Fast Track, Rare Pediatric Disease, and Orphan Drug designations.
Anavex Life Sciences Corp. (Nasdaq: AVXL) announced a conference call scheduled for February 9, 2022, to discuss financial results for the fiscal quarter ending December 31, 2021.
The call will cover the company's growth strategy, following a successful Phase 2a trial for its lead drug candidate ANAVEX®2-73, which targets Alzheimer’s, Parkinson's, and Rett syndromes.
Management will also engage in a Q&A session, with further information available on their website.
Anavex Life Sciences Corp. (Nasdaq: AVXL) announced positive top-line results from its Phase 3 AVATAR trial of ANAVEX®2-73 in adult women with Rett syndrome. Key findings include statistically significant improvements in primary and secondary efficacy endpoints: 72.2% of patients showed improvement in RSBQ AUC (p = 0.037) compared to 38.5% on placebo. The study also indicated changes in biomarkers GABA and L-AAA. Anavex plans to engage with the FDA regarding the approval pathway, as there are currently no FDA-approved treatments for Rett syndrome.
Anavex Life Sciences Corp. (Nasdaq: AVXL) announced positive top-line results from its Phase 1 clinical trial of ANAVEX®3-71, a treatment for neurodegenerative diseases. The trial met primary and secondary safety endpoints, showing that the drug was well tolerated across all dose cohorts (5 mg to 200 mg) with no serious adverse events or dose-limiting toxicities. The drug exhibited linear pharmacokinetics and no significant food effects. Anavex plans to advance ANAVEX®3-71 into Phase 2 trials, aiming for a biomarker-driven program in treating Frontotemporal Dementia and Alzheimer's disease.
Anavex Life Sciences Corp. (AVXL) has announced significant leadership changes, promoting Walter E Kaufmann, M.D. to Chief Scientific Officer and appointing Edward R Hammond, M.D., M.P.H., PhD as Chief Medical Officer, effective immediately. Dr. Kaufmann brings extensive academic experience from institutions like Harvard and Johns Hopkins, while Dr. Hammond has over 15 years in clinical drug development from AstraZeneca. The company is focused on advancing its clinical candidates targeting neurodegenerative disorders, which shows potential for growth in patient care.
On January 5, 2022, Anavex Life Sciences Corp. (Nasdaq: AVXL) announced that CEO Christopher U. Missling, PhD, will present at the H.C. Wainwright Virtual BioConnect 2022 Conference from January 10-13, 2022. The presentation will focus on Anavex's innovative therapeutics for neurodegenerative disorders, including Alzheimer’s and Parkinson’s diseases. A webcast will be available on Anavex's website starting January 10, 2022. Anavex is known for its lead candidate, ANAVEX®2-73, which has shown promise in clinical trials for treating these conditions.
Anavex Life Sciences Corp. (Nasdaq: AVXL) announced that President and CEO Christopher U. Missling, PhD, will present at the 40th Annual J.P. Morgan Healthcare Conference on January 13, 2022, at the Westin St. Francis Hotel in San Francisco, CA. Anavex is focused on developing therapeutics for neurodegenerative diseases like Alzheimer’s and Parkinson’s. Their lead drug, ANAVEX®2-73 (blarcamesine), has shown promise in Phase 2 trials for Alzheimer’s and Parkinson’s disease dementia, indicating its potential to treat various CNS disorders. A live webcast of the presentation will be available online.
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