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0 0 0.00887033267462066 0.00292706120083791 0.0133277862799578 -0.0104452996151732 0.0103710087217509 -0.00450202814139049
Stock impact report

Anavex Nears Alzheimer's Decision With Limited Pipeline Offsets And ATM Overhang [Seeking Alpha]

Anavex Life Sciences Corp. (AVXL) 
NASDAQ:AMEX Investor Relations: anavex.com/share-data
Company Research Source: Seeking Alpha
Blarcamesine's EU review has reached Day-180 outstanding issues and an oral explanation, signaling major objections and reduced approval odds. AVXL's schizophrenia candidate, ANAVEX3-71, failed to provide randomized efficacy data, leaving portfolio risk highly concentrated. A $150 million ATM facility and cash near $100 million create significant dilution risk as shares trade near 52-week lows. Jonathan Kitchen/DigitalVision via Getty Images Overview Anavex Life Sciences ( AVXL ) has tumbled 36% since my Strong Sell rating in August. The company is nearing an EU decision on its lead drug candidate, blarcamesine, for the treatment of Alzheimer's disease. Although This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation f Show less Read more
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