Anavex Life Sciences ($NASDAQ:AVXL) Corp. is a biopharmaceutical company focused on utilizing novel drug candidates to treat neurological diseases like Alzheimer’s. This week, shares of the company have gained momentum as the European Union has begun reviewing its application for an Alzheimer’s drug. The submission of the Marketing Authorization Application (MAA) to the European Medicines Agency (EMA) represents a major milestone for Anavex Life Sciences. Anavex is also in the process of filing for approval in other jurisdictions including the United States, where it has already been granted orphan drug status.
This surge in stock value was spurred by the announcement that the company had begun the process of filing for approval of their drug for Alzheimer’s treatment in Europe. The filing brings them one step closer to progressing toward their goal of providing new treatments and potential cures for Alzheimer’s and other diseases. ANAVEX LIFE SCIENCES is currently working on a number of treatments for neurological diseases and conditions and is hopeful that this filing will be the first step towards offering life-saving treatments for those suffering from such conditions. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
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As an investor researching ANAVEX LIFE SCIENCES, I used GoodWhale’s Star Chart to analyze its fundamentals. The Star Chart classified ANAVEX LIFE SCIENCES as an ‘elephant’, which means it is a company that is rich in assets after deducting off liabilities. This type of company is likely to attract investors who are interested in long-term investments and capital appreciation. GoodWhale also provides a health score of 4/10 for ANAVEX LIFE SCIENCES, taking into account its cashflows and debt. This indicates that the company has an intermediate health score, meaning that it is likely to sustain future operations in times of crisis. However, GoodWhale’s Star Chart also showed that while ANAVEX LIFE SCIENCES is strong in asset, it is weak in dividend, growth, and profitability. This means that investing in this company is probably not the best choice for investors who are seeking to receive high returns in the short-term. More…
Star Chart Analysis
The Company’s lead drug candidate, ANAVEX 2-73, is being developed to treat Alzheimer’s disease (AD) and other CNS diseases. ANAVEX 2-73 is a small molecule that restores brain cell function and reverses the course of AD. The Company is also developing ANAVEX 3-71, which is in preclinical stage for the treatment of Parkinson’s disease and other CNS diseases. Both ANAVEX 2-73 and ANAVEX 3-71 target sigma-1 and muscarinic receptors.
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ANAVEX Life Sciences is a clinical-stage biopharmaceutical company focused on the development of novel drug candidates for the treatment of Alzheimer’s disease and other central nervous system (CNS) diseases. Recently, the company has made an EU filing for its lead Alzheimer’s drug, which has caused its stock prices to move up the same day. This is a positive sign for potential investors, as it indicates that the company is making progress in its clinical trials.
However, investing in early-stage companies such as ANAVEX Life Sciences comes with greater risk than investing in more established companies. Therefore, investors should conduct thorough research and consider the potential risks before investing.