Press release
Anavex Life Sciences Reports Fiscal 2020 Second Quarter Financial Results And Provides Business Updates
Conference Call and Webcast Today at 4:30 p.m. ET NEW YORK, May 07, 2020 (GLOBE NEWSWIRE) -- Anavex Life Sciences Corp. (“Anavex” or the “Company”) (Nasdaq:
About this update from Anavex Life Sciences Corp.
[{"type":"text","content":"Conference Call and Webcast Today at 4:30 p.m. ET\nNEW YORK, May 07, 2020 (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 2020 second quarter.\n “We are pleased to report that we are approaching the conclusion of the double-blind Phase 2 Parkinson’s disease dementia trial with ANAVEX®2-73 (blarcamesine) and we expect to report top line results by mid-2020,” said Christopher U Missling, PhD, President and Chief Executive Officer of Anavex. “Both the Alzheimer’s disease Phase 2b/3 trial and clinical Rett syndrome programs are also proceeding as planned. Our focus on Precision Medicine studies for neurological disorders remains persistent.” Program Updates: Enrollment for the two randomized, double-blind, placebo-controlled Phase 2 ANAVEX®2-73 (blarcamesine) U.S. Phase 2 Rett syndrome trial1 and the AVATAR Rett syndrome trial2 each have surpassed the 50% mark and continue to enroll.Despite the outbreak of COVID-19, all clinical trial programs continue to proceed. While Rett syndrome protocols have always by default allowed at-home visits, Anavex implemented contingency plans as recommended by local regulatory authorities for the Phase 2b/3 ANAVEX®2-73 (blarcamesine) Alzheimer’s disease (AD) study3 and the Phase 2 study in Parkinson’s Disease Dementia (PDD) study4 to ensure remote or virtual assessments for all active patients and all respective extension studies. Because ANAVEX®2-73 (blarcamesine) is an oral formulation, study participants are able to receive shipments of their study medication in a controlled and compliant fashion, and direct-to-patient delivery is occurring in multiple countries.In January 2020, Anavex announced achieving the enrollment target for the ANAVEX®2-73 (blarcamesine) Phase 2 study in Parkinson’s disease dementia (PDD). Topline results from this randomized, double-blind, placebo-controlled study are expected by mid-2020.In February 2020, Anavex announced a publication in the peer-reviewed Journal of Neuroimmunology titled “Sigma-1 Receptor Agonists a...