Press release
Anavex Life Sciences Provides Business Update and Reports Fiscal 2021 Third Quarter Financial Results
Total of 509 Patients Enrolled in Confirmatory Late-stage Precision Medicine ANAVEX®2-73 (blarcamesine) Phase 2b/3 Clinical Trial in Patients with Alzheimer’s
About this update from Anavex Life Sciences Corp.
[{"type":"text","content":"Total of 509 Patients Enrolled in Confirmatory Late-stage Precision Medicine ANAVEX®2-73 (blarcamesine) Phase 2b/3 Clinical Trial in Patients with Alzheimer’s DiseaseExceeding of Enrollment Target for the Precision Medicine ANAVEX®2-73 (blarcamesine) Phase 2/3 AVATAR Clinical Trial in Patients with Rett SyndromeCurrent Cash Position of $157.6 millionWebcast and Conference Call Today at 4:30 p.m. EDT NEW YORK, Aug. 12, 2021 (GLOBE NEWSWIRE) -- Anavex Life Sciences Corp. (“Anavex” or the “Company”) (Nasdaq: AVXL), a clinical-stage biopharmaceutical company developing differentiated therapeutics for the treatment of neurodegenerative and neurodevelopmental disorders including Alzheimer’s disease, Parkinson’s disease, Rett syndrome and other central nervous system (CNS) diseases, today reported financial results for its fiscal quarter ended June 30, 2021. “We are pleased with the rigorous and efficient execution of the confirmatory late-stage Precision Medicine ANAVEX®2-73 Phase 2b/3 randomized, double-blind, placebo-controlled clinical trial with a total of 509 patients with Alzheimer’s disease and are excited to be able to provide top-line data by 2H 2022. The steadfast clinical trial execution capabilities of the Anavex team also extend to the Precision Medicine ANAVEX®2-73 Phase 2/3 AVATAR clinical trial in patients with Rett syndrome, which exceeded the enrollment target, and currently topline results from this study are expected by 2H 2021,” said Christopher U Missling, PhD, President and Chief Executive Officer of Anavex. “We are excited about the potential of our SIGMAR1 platform, and we continue working to advance new programs to the clinic, all with the aim of meeting the unmet clinical needs of patients with both degenerative and developmental neurological disorders around the world.” Recent Business Highlights: On May 25, 2021, Anavex announced the appointment of Ms. Jiong Ma, PhD to its Board of Directors. Ms. Ma is a Senior Board executive with over 25 years of experience in investing, building, and scaling of companies with a focus on innovative product launches in digital health, technology, and new energy transition.On June 8, 2021, Anavex announced that it exceeded its enrollment target for the confirmatory late-stage ANAVEX®2-73 Phase 2b/3 randomized, double-blind, placebo-controlled trial in Alzheimer’s disease. ...