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Anavex Life Sciences Corporation

Anavex Life Sciences Corporation (AVXL)

6.74
-0.10
(-1.46%)
Closed July 28 4:00PM
6.96
0.22
(3.26%)
After Hours: 7:39PM

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Key stats and details

Current Price
6.96
Bid
6.72
Ask
9.78
Volume
1,367,485
6.715 Day's Range 7.24
3.25 52 Week Range 10.45
Market Cap
Previous Close
6.84
Open
7.00
Last Trade Time
Financial Volume
$ 9,424,451
VWAP
6.8918
Average Volume (3m)
1,140,112
Shares Outstanding
84,641,537
Dividend Yield
-
PE Ratio
-12.01
Earnings Per Share (EPS)
-0.56
Revenue
-
Net Profit
-47.51M

About Anavex Life Sciences Corporation

Anavex Life Sciences Corp is a clinical-stage biopharmaceutical company engaged in the development of differentiated therapeutics by applying precision medicine to central nervous system diseases with high unmet need. It analyzes genomic data from clinical studies to identify biomarkers, which are u... Anavex Life Sciences Corp is a clinical-stage biopharmaceutical company engaged in the development of differentiated therapeutics by applying precision medicine to central nervous system diseases with high unmet need. It analyzes genomic data from clinical studies to identify biomarkers, which are used to select patients that will receive the therapeutic benefit for the treatment of neurodegenerative and neurodevelopmental diseases. Its lead compound ANAVEX 2-73 is being developed to treat Alzheimer's disease, Parkinson's disease, and potentially other central nervous system diseases, including rare diseases, such as Rett syndrome, a rare severe neurological monogenic disorder caused by mutations in the X-linked gene, methyl-CpG-binding protein 2. Show more

Sector
Biological Pds,ex Diagnstics
Industry
Biological Pds,ex Diagnstics
Website
Headquarters
Carson City, Nevada, USA
Founded
1970
Anavex Life Sciences Corporation is listed in the Biological Pds,ex Diagnstics sector of the NASDAQ with ticker AVXL. The last closing price for Anavex Life Sciences was $6.84. Over the last year, Anavex Life Sciences shares have traded in a share price range of $ 3.25 to $ 10.45.

Anavex Life Sciences currently has 84,641,537 shares outstanding. The market capitalization of Anavex Life Sciences is $578.95 million. Anavex Life Sciences has a price to earnings ratio (PE ratio) of -12.01.

AVXL Latest News

Anavex Life Sciences to Present at the H.C. Wainwright 5th Annual Neuro Perspectives Virtual Conference

NEW YORK, June 20, 2024 (GLOBE NEWSWIRE) -- Anavex Life Sciences Corp. (“Anavex” or the “Company”) (Nasdaq: AVXL), a clinical-stage biopharmaceutical company developing differentiated...

Anavex Life Sciences Announces Expansion of Leadership Team

NEW YORK, May 22, 2024 (GLOBE NEWSWIRE) -- Anavex Life Sciences Corp. (“Anavex” or the “Company”) (Nasdaq: AVXL), a clinical-stage biopharmaceutical company developing differentiated...

Anavex Life Sciences to Present at the H.C. Wainwright 2nd BioConnect Investor Conference at NASDAQ

NEW YORK, May 14, 2024 (GLOBE NEWSWIRE) -- Anavex Life Sciences Corp. (“Anavex” or the “Company”) (Nasdaq: AVXL), a clinical-stage biopharmaceutical company developing differentiated...

Shareholders that lost money on Anavex Life Sciences Corporation(AVXL) Urged to Join Class Action - Contact The Gross Law Firm to Learn More

Shareholders that lost money on Anavex Life Sciences Corporation(AVXL) Urged to Join Class Action - Contact The Gross Law Firm to Learn More PR Newswire NEW YORK, May 10, 2024 NEW YORK, May 10...

Anavex Life Sciences Reports Fiscal 2024 Second Quarter Financial Results and Provides Business Update

Company to host a webcast today at 8:30 a.m. Eastern Time NEW YORK, May 09, 2024 (GLOBE NEWSWIRE) -- Anavex Life Sciences Corp. (“Anavex” or the “Company”) (Nasdaq: AVXL), a clinical-stage...

The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Anavex Life Sciences Corporation(AVXL) Shareholders

The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Anavex Life Sciences Corporation(AVXL) Shareholders PR Newswire NEW YORK, May 7, 2024 NEW YORK, May 7, 2024...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
11.2421.67832167835.727.245.4712678436.42418878CS
42.763.38028169014.267.24411099075.39068636CS
123.0778.92030848333.897.243.5111401124.4747196CS
260.233.417533432396.737.243.2512195474.70499933CS
52-1.06-13.2169576068.0210.453.2511819175.9145828CS
156-13.73-66.360560657320.6923.733.2511546699.84415119CS
2604.39170.8171206232.5731.52.2127079010.47919921CS

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AVXL Discussion

View Posts
ignatiusrielly35 ignatiusrielly35 3 minutes ago
It’s trading at 6.96 in an off hours market (Robinhood). Up .22.
👍️0
Hosai Hosai 14 minutes ago
Dropout was a little higher than expected by 48 weeks but was higher in the placebo group than in the 30mg group as a %.
Either way what is clear is the drug beat placebo in ADAS - COG and CDR SB with p values under 0.025, in brain volume reduction loss and in regards to plasma 42/40 and PTAU.
Worth reminding that this was with only around 10% screening in the original enrollment, unlike Donnenamab and Lecanumab who screened out 70-80%.
👍️ 4
BostonSportsNut BostonSportsNut 28 minutes ago
Bar, I guess they answer to their bosses
and they gotta be able to buy their
raman
noodles
this
week.

So let them make their 5.95 its all good!
👍️0
hessmessinc hessmessinc 31 minutes ago
FDA submission? Haven't seen anything about that. EMA? This year? I'll believe it when I see it.
👍️0
Investor2014 Investor2014 31 minutes ago
I don’t think he is, in the sense that the results are encouraging for a new P3 trial designed to iron out the titration difficulties and with a larger n that includes ethnic diversity.
🐀 1 🤡 1
Doc328 Doc328 32 minutes ago
I can't tell without hearing his words at the presentation (especially whether an explanation for all the missing data was stated. He did not prepare the company slides.
🤮 1
plexrec plexrec 33 minutes ago
"There they"--Both will eat their words !!!!! Losers !!!!
👍️0
Doc328 Doc328 34 minutes ago
Thank you for the link. Yes, as expected, the safety cohort n is any patient receiving one dose (hence 335 pooled). The mITT would be the n on top of slide 11 (and used in the MMRM/LSM analysis), the numbers at 48 weeks for ADAS-Cog (slide 13) are the protocol completers (lots of dropout) and only add up to 191 out of the 335 entering the study and 299 who made it to the first follow up visit (cohort defined in slide 11).

MRI data not available in almost 1/2 the treated patients and biomarkers missing in 60% of patients, what's up with that. Kind of hard to support data with biomarkers if most patients were excluded.

Demographic slide shows placebo cohort was worse off than the treated groups --- in fact they started off 2 points worse on ADAS-Cog and 0.3 on CDR)
🤮 1
sage4 sage4 35 minutes ago
Ok understood the tactic of lowering expectations to avoid disappointment. You seem not have followed what’s been going on plans for EMA and FDA submissions lately. Catch them up!
🤮 1
Investor2014 Investor2014 37 minutes ago
Unfortunately Anavex clinical trial outcome news always raises questions, which is why the price of $AVXL tend to move opposite of WGT expectations.

This time is no different.
🐀 2 🤡 2
Kb1123 Kb1123 38 minutes ago
There they Are!!
👍️ 1
plexrec plexrec 39 minutes ago
"I’ll stick with my less than 50% EMA approval"--completely expected from Mr.Negative !!!!
👍️ 2
sokol sokol 39 minutes ago
“Anavex still playing games…”. Is Dr. Marwan Noel Sabbagh playing games as well?
👍️ 2 🤪 1
hessmessinc hessmessinc 40 minutes ago
I mean, I hope I'm wrong, but over the last 9 years, except on maybe two or three occasions, Anavex seems to drop anytime "good" news comes out.

Btw, if you are insinuating that I'm anything other than a hopeful for the success of this company, you should do a little research into my posts. I'm a converted realist (maybe even pessimist) as Anavex's share price always seems to disappoint on news.
👍️ 1 🤮 1
kund kund 41 minutes ago
TGD is hoping the third time's a charm. Same trial and 3 different results.
👍️0
Investor2014 Investor2014 42 minutes ago
Yes the dropout rate in the first 24 weeks was huge in both drug arms, about 1/3.

Likely the results given are for completers only and if so pretty much invalidates approval chances. Although the plasma biomarker correlations look good.

The absolute reduction in brain atrophy is tiny and unlikely to have weighed much on clinical outcomes. MRI accuracy / sensitivity likely too low making those reduction figures unreliable.

Note also that we now know that eligible for the OLE was about 70% (including placebo).

I’ll stick with my less than 50% EMA approval and agree with your almost none for FDA approval given the near complete lack of ethnic diversity.
🐀 2 🤡 2
sage4 sage4 47 minutes ago
Sun set and roaches were crawling out I am told.
👍️ 1
BAR123 BAR123 47 minutes ago
I will take the advice from renowned Dr. Marwan Noel Sabbagh, MD, Professor of Neurology at Barrow Neurological Institute and Chairman of the Scientific Advisory Board than a pretend doctor on an internet chat board.
🎯 1 👍️ 7
hessmessinc hessmessinc 51 minutes ago
In true Anavex fashion, under $6, maybe even below $5.
👍️0
12x 12x 51 minutes ago
Here are the full AAIC presentation slides: https://www.anavex.com/_files/ugd/79bcf7_79c4b8754b9f4eaca6da3e912e11689b.pdf
There is only 108 out of 154 in the 30mg and 83 out of 144 in the 50mg cohort finished the trial, or used in the endpoint calculation. n changed.
👍️ 3
Kb1123 Kb1123 53 minutes ago
And there it is!!
👍️ 1
WilliamMunny WilliamMunny 55 minutes ago
We have known (deductively) since early March that even back then the MAA filing could not likely be projected before September. So, back and forth with the rapporteurs has pushed the original projection back another month or more. Not unusual.
👍️ 3
Doc328 Doc328 57 minutes ago
I just read the PR a minute ago. I still think the likelihood that AVXL files this year based on the single 2b/3 with either or both FDA and MAA is still 1-2 %.

From today's PR
For the primary endpoint ADAS-Cog13, blarcamesine is significantly better than placebo for both 50 mg (-2.149; P = 0.021) at 48 weeks and for 30 mg blarcamesine dosage groups (-1.934; P = 0.026) at 48 weeks. The key secondary endpoint CDR-SB was significantly improved vs. placebo in both 50 mg (-0.465; P = 0.045) and 30 mg (-0.502; P = 0.020) assigned dose groups.


From September 14, 2023
The trial was successful, since the differences in the least-squares mean (LSM) change from baseline to 48 weeks between the blarcamesine and placebo groups were -1.783 [95% CI, -3.314 to -0.251]; (P = 0.0226) for ADAS-Cog13, and -0.456 [95% CI, -0.831 to -0.080]; (P = 0.0175) for CDR-SB in patients with early Alzheimer’s disease

Note the very strange result saying 50 mg progressed 2.1 points less on ADAS-Cog than placebo AND 30 mg progressed 1.9 points less with p values around 0.021-0.26. Yet in September 2023, for 30 mg plus 50 mg using more accepted MMRM/LSM, combined dose was 1.78 fewer points progression compared to placebo and p=0.026.

There is no positive value solution for (n1+n2)*1.78 = (n1)*2.1 + (n2)*1.9 So only answer is that different cohorts were used. My guess is the new data is only using completers.(PP cohort) which is not an acceptable method for regulatory agencies. That also explains the high dropout rates (for the MMRM/LSM the mITT cohort was probably the standard of all patients who received at least one dose and had at least one post baseline visit (i.e. 12-13 weeks).

Another clue that there were different cohorts is that the p values for 1/2 sized 30 vs 50 mg groups are the same as for the larger combined cohort, compared to placebo.

The PR was written for investors not scientists or clinicians

Anavex is still playing tricks with the stats.
👍️ 1 💩 1 🤡 2 🦨 2
mrplmer mrplmer 1 hour ago
Time to start adding the number of indications and their worth.
👍️ 1
WolfofMia WolfofMia 1 hour ago
We are looking better than the SOC.

We got some meaningful numbers.

We got the Anavex timeline for EMA, Q4 2024. So Febish Lol

Who cares, we looking better than the rest.
👍️ 4
williamssc williamssc 1 hour ago
https://www.anavex.com/post/results-from-anavex-life-sciences-landmark-phase-iib-iii-trial-of-blarcamesine-presented-at-alzheime
👍️ 8 👏 1 💥 1
WolfofMia WolfofMia 1 hour ago
We got the magnitudes.

I'll take it.

50%?

Still?

Cmon man.
👍️ 2
bb8675309 bb8675309 1 hour ago
This data was shared at the AAIC conference for the whole world to see.

Blarcamazine A2-73 = WINNER!!!!!💥💥💥💥
🏁 1 👍️ 7
tschussmann1 tschussmann1 1 hour ago
From Anavex website, posted about 5 PM: "Blarcamesine significantly slowed brain atrophy in key regions of interest, including the whole brain by 37.6%, total grey matter by 63.5%, and lateral ventricles by 25.1%.". So some numbers to go with the strong p-values...
👍️ 11 👏 1
12x 12x 1 hour ago
@Doc328 @Investor2014 @frrol @kund Does the AD Phase 2b/3 full readout change your opinion on the EMA and NDA approval? Unless the AD OLE results are disastrous, Full regulatory submission of blarcamesine in Europe (EMA) is expected in Q4 2024. There was an 83% approval rate once submitted. FDA would be more challenging for the following reasons I see:
1. There is virtually no ethnic diversity in the trial. All white populations, nearly no representation from Black, Asian, Hispanic is a red flag for FDA and Asian countries to approve.
2. The dropout rate is too high. 335 patients dosed, only 191 completed. (107 in 30mg and 84 in 50mg cohort). 31% and 42% of 30mg and 50mg dropped out of the trial even with an Early Discontinuation statement. There is no evidence that early discontinuation introduced a bias in favor of blarcamesine How does one know the patients who dropped out would have worse than placebo ADAS-COG13 results?

Overall, it's a positive development as the dose dependency is somewhat confirmed. I see 12x the current price $80 which gives $6 Billion, about 1/3 of addressable EU AD market.

https://www.anavex.com/_files/ugd/79bcf7_79c4b8754b9f4eaca6da3e912e11689b.pdf
👍️0
D-Mike D-Mike 1 hour ago
Fartstain and the other fudsters/naysayers will be out in full force until we get the peer review published. I hope it comes soon!
🆖 1 👍️ 1 💩 1
BostonSportsNut BostonSportsNut 1 hour ago
that sometimes good people win?

Tak!
👍️ 1
WilliamMunny WilliamMunny 1 hour ago
The skeptics have asked whether the slowing of brain atrophy with Blarcamesine is really a meaningful amount. Now we have the numbers, and it is!
👍️ 6 👏 1
Phoenix64 Phoenix64 1 hour ago
This is fantastic news. We are so happy. Several family members have AZ or Dementia. Please lord move this to the finish line. The naysayers will begin bashing again.
👍️ 3
Hoskuld Hoskuld 2 hours ago
deleted
👍️0
tradeherpete tradeherpete 2 hours ago
--EF Hutton Initiates Anavex Life Sciences at Buy With $46 Price Target
👍️ 3
BDR10 BDR10 2 hours ago
Any predictions out there for tomorrow's stock price?
👍️ 1
BostonSportsNut BostonSportsNut 2 hours ago
I am so dissappointed.

Its been 5 minutes and the evisceration expected from AF and his droogies hasnt been posted yet.
Guess they are agreeing on their talking points.

As far as for longs..........

CONGRATULATIONS!!!!!!!!!!!
🎯 1 👍️ 6
kund kund 2 hours ago
https://finance.yahoo.com/news/results-anavex-life-sciences-landmark-210000583.html

https://www.anavex.com/_files/ugd/79bcf7_79c4b8754b9f4eaca6da3e912e11689b.pdf
🎯 1 👍️ 1
plexrec plexrec 2 hours ago
From Stock titan on Stocktwits--awesome !!!----https://www.stocktitan.net/news/AVXL/results-from-anavex-life-sciences-landmark-phase-i-ib-iii-trial-of-u3hpcferqhle.html
👍️ 3
plexrec plexrec 2 hours ago
Posted by Goodhealth on Stocktwits----https://www.facebook.com/photo/?fbid=10164076524487571&set=gm.8608164295880123&idorvanity=1428015073895117
👍️ 4
kund kund 2 hours ago
Cricket...another nothing burger conference is over.
👍️ 1
BostonSportsNut BostonSportsNut 3 hours ago
Right!

Havent been here for a while, saw multitudes of acidic wry comments, and thought
someones scared!

Waiting for a press release hope somebody is there
to tell us of course the horrible news :)
🆖 1 🎯 1 👍️ 2 💩 1
georgejjl georgejjl 3 hours ago
The bashers, FUDsters and shorters are all very nervous.

AVXL NEWS coming soon!!!

Good luck and GOD bless,
🆖 1 👍️ 2 💩 2
kspar1 kspar1 4 hours ago
regarding the website update, basically lipstick on a pig. No sense of improved communication of content.
💩 3 🦨 2
Hoskuld Hoskuld 4 hours ago
They looked at how gene expression was impacted for 120 P2 patients...it was pretty comprehensive. I would expect the same findings - hope so, anyway.
👍️ 2
LakeshoreLeo1953 LakeshoreLeo1953 4 hours ago
NEWS seems to be month old, already occurred and is not the best definition of
meaningful communication out there.
💩 2 🦨 2
Investor2014 Investor2014 4 hours ago
According to Google it is now 3:23pm in Philadelphia.
👍️0
georgejjl georgejjl 4 hours ago
WRONG!!!
🆖 1 👍️ 1 💩 1
powerwalker powerwalker 4 hours ago
Nice find, george ... so, when was this letter sent or posted on the website? How current/old is it? I have not seen it until now.
👍️ 1

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