logo-loader
HealthPharma & Biotech
Anavex Life Sciences

Anavex Life Sciences Corp unveils positive pre-clinical data on Alzheimer’s candidate

Anavex Life Sciences Corp said pre-clinical data from its candidate ANAVEX 3-71 reinforced its belief it could be a treatment for the cognitive disease Alzheimer's.

rsz_shutterstock_79850125.jpg
The firm is developing therapeutics for the treatment of neurodegenerative diseases including Alzheimer’s disease, other central nervous system (CNS) diseases, pain and various types of cancer

Anavex Life Sciences Corp (NASDAQ:AVXL) said pre-clinical data from its candidate ANAVEX 3-71 reinforced its belief it could be a treatment for the cognitive disease Alzheimer's.

The findings, which were from studies on rats, were presented at the 14th international symposium of advances in Alzheimer's Therapy (AAT) from March 9-12.

The firm said there was a statistically significant reduction in the rate of cognitive deficit, amyloid beta pathology and inflammation when ANAVEX 3-71 had been administered.

Professor Claudio Cuello of McGill University, Montreal, Canada, the main author of the study, said: "The data from this study further validates the belief that ANAVEX 3-71 may have significant utility in the treatment of Alzheimer’s disease. 

"This study examined potential long-term effect of the compound following a five-week hiatus from dosing, which suggests the potential for disease modification – something we have not often seen."

Chief executive of Anavex Christopher U. Missling added: "This body of data of ANAVEX 3-71, in addition to our clinical candidate, ANAVEX 2-73 suggests that our approach of targeting the complex pathology of Alzheimer’s disease further upstream may have the potential to address the areas of unmet need for individuals living with this disease."

The firm is developing therapeutics for the treatment of neurodegenerative diseases including Alzheimer’s disease, other central nervous system (CNS) diseases, pain and various types of cancer.

Anavex’s lead drug candidate, ANAVEX 2-73 is currently in a Phase 2a clinical trial for Alzheimer’s.

Quick facts: Anavex Life Sciences

Price: $2.75

Market: NASDAQ
Market Cap: $144.79 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Buds & Duds: Cannabis stocks flat but Valens shares on the rise as it...

Buds today are Valens GroWorks Corp (CVE:VGW) (OTCMKTS:VGWCF), The Flowr Corporation (CVE:FLWR) (OTCMKTS:FLWPF).  Duds are CannTrust Holdings Inc (TSE:TRST) (NYSE:CTST), Canopy Growth Corporation (TSE:WEED) (NYSE:CGC). 

13 hours, 27 minutes ago

2 min read