Neurodegenerative Disease-Focused Anavex Life Sciences' Alzheimer's Candidate Slows Disease Progression By Almost 39%
Portfolio Pulse from Vandana Singh
Anavex Life Sciences Corp. (NASDAQ:AVXL) presented positive Phase 2b/3 study results for its Alzheimer's candidate, blarcamesine (ANAVEX2-73), showing significant slowing of disease progression. The stock is up 11.40% in premarket trading.
July 29, 2024 | 12:39 pm
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Anavex Life Sciences presented positive Phase 2b/3 results for its Alzheimer's candidate, blarcamesine, significantly slowing disease progression. The stock is up 11.40% in premarket trading.
The positive Phase 2b/3 results for blarcamesine, showing significant slowing of Alzheimer's disease progression, are likely to boost investor confidence and drive the stock price up in the short term. The 11.40% premarket increase reflects this sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100