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FDA approves Rett syndrome treatment on May 22, 2024

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Neutral On Anavex: Evaluating The Potential In Neurodegenerative Diseases - Seeking Alpha

Anavex Life Sciences (NASDAQ:AVXL), a clinical-stage biopharmaceutical company, develops innovative treatments for neurodegenerative diseases. Its leading drug candidate, Anavex 2-73 (Blarcamesine), is advancing through different phases of clinical trials for several indications. The unique mechanism of action of Anavex 2-73 targets the Sigma-1 and muscarinic receptors in the brain, enhancing neuroprotection and cognitive function. AVXL also develops other drug candidates like Anavex 3-71 for schizophrenia and Anavex 1066 for neuropathic pain. However, I believe that its main value driver is Blarcamesine. While it leads to statistically significant results that might eventually lead to FDA approval, I think its modest efficacy will lead to a limited market impact.

seekingalpha.com May 22, 2024

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