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Stock impact report

Anavex: Negative EU Opinion Leaves Blarcamesine In Regulatory Purgatory [Seeking Alpha]

Anavex Life Sciences Corp. (AVXL) 
NASDAQ:AMEX Investor Relations: anavex.com/share-data
Company Research Source: Seeking Alpha
AVXL's pipeline progress is stalled, with no ongoing clinical trials beyond Compassionate Use and scant details on future development timelines. Financially, the company holds $131.7 million in cash and minimal expenses, providing a multi-year runway but limited near-term catalysts. Given the lack of progress and regulatory limbo, I upgrade AVXL from 'Strong Sell' to 'Sell' as valuation has declined substantially. Hiroshi Watanabe/DigitalVision via Getty Images Overview I last covered Anavex Life Sciences ( AVXL ) in November. That was when Anavex was awaiting a decision from EU regulatory authorities regarding its lead drug candidate, blarcamesine, for the treatment of mild Alzheimer's disease (AD). I noted 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 Show less Read more
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