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Anavex Life Sciences

Anavex Life Sciences logo
🇺🇸United States
Ownership
Public
Established
2006-01-01
Employees
40
Market Cap
$515.5M
Website
http://www.anavex.com
Introduction

Anavex Life Sciences Corp. is a clinical stage biopharmaceutical company, which engages in the development of different therapeutics for the treatment of neurodegenerative and neurodevelopmental diseases. Its lead compound, ANAVEX2-73, is being developed to treat Alzheimer's and Parkinson's disease and central nervous system diseases, including Rett syndrome. The company was founded by Harvey Lalach and Athanasios Skarpelos on January 23, 2004 and is headquartered in New York, NY.

Anavex Completes Enrollment in Phase 2 Trial of ANAVEX®3-71 for Schizophrenia Treatment

• Anavex Life Sciences has successfully completed enrollment of 71 participants in its Phase 2 clinical study of ANAVEX®3-71 for schizophrenia treatment, with top-line data expected in the second half of 2025. • ANAVEX®3-71, a dual SIGMAR1 receptor agonist and M1 positive allosteric modulator, offers a novel mechanism that could potentially address all symptom domains of schizophrenia without the side effects of standard antipsychotics. • The trial addresses a significant unmet need in schizophrenia treatment, where approximately 34% of patients don't respond to current therapies and 50-60% experience only partial improvement or unacceptable side effects.

Alzheon to Present Phase 3 Data for ALZ-801, Aiming to Slow Alzheimer's Progression

• Alzheon is set to present Phase 3 trial data for ALZ-801 in April 2025, a drug designed to prevent the formation of toxic beta-amyloid plaques in early Alzheimer's patients with the ApoE4 gene. • Anavex Life Sciences has submitted blarcamesine for approval in Europe after completing Phase 2/3 trials, though its efficacy has faced criticism and legal challenges. • Athira Pharma discontinued fosgonimeton development after failing to demonstrate clinical benefit and settled with the DOJ over data manipulation allegations. • Eisai and Biogen's Leqembi may become more accessible with an injectable version under FDA review, potentially allowing for at-home administration.

Anavex's Blarcamesine Shows Promise in Long-Term Alzheimer's Treatment, EMA Filing Accepted

• Anavex Life Sciences' blarcamesine demonstrates sustained cognitive and functional benefits in early Alzheimer's patients over three years of continuous oral treatment. • The European Medicines Agency (EMA) has accepted the Marketing Authorization Application (MAA) for blarcamesine, a potential novel oral treatment for Alzheimer's disease. • Blarcamesine targets upstream Alzheimer's pathology through autophagy enhancement and has shown a favorable safety profile in clinical trials. • Anavex is also evaluating blarcamesine for other CNS indications, including Parkinson’s disease and Rett syndrome.

FDA Approves Monthly IV Maintenance Dosing for Leqembi, Eases Treatment Burden for Alzheimer's Patients

• The FDA has approved a monthly intravenous (IV) maintenance dose for Leqembi, offering a more convenient treatment schedule for early Alzheimer's disease. • Patients completing the initial 18-month biweekly IV treatment can transition to monthly dosing, potentially improving long-term adherence and quality of life. • Approval is based on data modeling showing sustained clinical and biomarker benefits with monthly dosing, addressing the continuous neurotoxic processes of Alzheimer's. • Leqembi, developed by Eisai and Biogen, is now approved in multiple countries, offering a significant advancement in managing early Alzheimer's disease.

Blarcamesine Shows Sustained Cognitive Benefits in Early Alzheimer's Patients

• Anavex Life Sciences' blarcamesine demonstrates significant reduction in clinical decline over three years for early Alzheimer's patients. • Delayed-start analysis reveals early treatment with blarcamesine leads to greater cognitive stability, highlighting the importance of early intervention. • The ATTENTION-AD trial confirms blarcamesine's favorable safety profile, with mostly mild to moderate adverse events and no treatment-related deaths. • Peer-reviewed data from a Phase IIb/III study published in JPAD supports blarcamesine's potential as a novel oral treatment for early Alzheimer's.

Anavex Life Sciences Reports Financial Results and Clinical Advancements in Neurodegenerative Disease Research

• Anavex Life Sciences Corp. reported a reduced net loss of $43.0 million for fiscal year 2024, driven by decreased operating expenses and increased other income. • The company's lead drug candidate, ANAVEX®2-73, showed significant improvements in cognitive and functional endpoints in a Phase 2b/3 trial for early Alzheimer's disease. • Clinical trials for ANAVEX®2-73 in Rett syndrome demonstrated significant improvements in behavioral symptoms and safety in both adult and pediatric populations. • Anavex is advancing ANAVEX®3-71 into clinical trials for schizophrenia, frontotemporal dementia, and Alzheimer's disease after successful Phase 1 safety trials.

Alzheimer's Disease Pipeline Shows Promise with 120+ Therapies in Development

• Over 120 Alzheimer's Disease treatment therapies are under development by 110+ companies globally, ranging from preclinical to marketed phases. • Emerging therapies like NRDN-201, ST-501, and KarXT are in various clinical trial phases, showing potential for significant market impact. • MapLight Therapeutics initiated a Phase 1 trial for ML-007/PAC, targeting schizophrenia and Alzheimer's disease psychosis, with Phase 2 trials planned. • The FDA granted conventional approval to Leqembi (lecanemab-irmb), marking the first amyloid beta-directed antibody to transition from accelerated approval.

Anavex's Blarcamesine MAA Accepted by EMA for Alzheimer's Treatment

• Anavex Life Sciences' blarcamesine MAA has been accepted by the EMA for review as a potential Alzheimer's treatment, marking a regulatory milestone. • Clinical data from Phase IIb/III trials showed blarcamesine significantly improved cognition and slowed neurodegeneration in early Alzheimer's patients. • Blarcamesine offers a convenient once-daily oral administration and a favorable safety profile without requiring routine MRI monitoring. • If approved, blarcamesine could provide a novel treatment option for the 7 million Europeans affected by Alzheimer's disease.
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