Anavex Life Sciences Corp., a clinical stage biopharmaceutical company, engages in the development of drug candidates for the treatment of Alzheimer's disease, other central nervous system diseases, pain, and various cancers. The company's lead drug candidates include ANAVEX 2-73 and ANAVEX PLUS, a combination of ANAVEX 2-73 with donepezil, which is in a Phase 2a clinical trial for the treatment of Alzheimer's and other central nervous system diseases. Its preclinical drug candidates include ANAVEX 3-71, which uses ligands that activate sigma-1 receptors to treat Alzheimer's disease; ANAVEX 1-41, a sigma-1 agonist that protects nerve cells from degeneration or death; and ANAVEX 1037 for the treatment of prostate cancer. The company was founded in 2006 and is based in New York, New York.
Recently moved out of a nice downtrend, popped on news: NEW YORK (TheStreet) -- Anavex (AVXL) stock is up by 10.55% to $5.88 in mid-morning trading on Friday, after the FDA granted the company's dementia treatment with an Orphan Drug Designation.
Time to shine! Anavex Life Sciences Drug Shows Efficacy to Support Potential Disease Modification in Parkinsons Disease GlobeNewswire "Press Releases" NEW YORK, Sept. 22, 2016 (GLOBE NEWSWIRE) -- Anavex Life Sciences Corp. (Anavex or the Company) (Nasdaq:AVXL) today presented preclinical data demonstrating that ANAVEX 2-73, a sigma-1 receptor agonist, restores function in a classic animal model of Parkinsons disease. Significant improvements were seen on all measures: behavioral, histopathological, and neuroinflammatory endpoints.
Getting some volume this early morning, (still) pushing against the 200 sma. There's been some Alzheimer's-related leak from Biogen (partnering with AVXL on a study).
Be cautious with this stock. Fewer than 20 employees of a company that is a clinical stage biotech. They are in it to be acquired, as they do not have a sufficient work force to actually sell their product. Up 7% after hours today.
Having trouble getting over 5.75 now. If this closes red, then we may finally start seeing a pullback (this has been riding above the Bollinger Band for a week). The 10 sma is currently around 5.045.
For a long time this one has been quiet. Has it been a long consolidation? It's a tricky company that I just watch Weekly chart, looking promising. 8 months without a big pullback: Daily chart from finviz to see the $6.25 resistance
Technicals look good. on watch for clear above 6.49 for a run up to 7.58. http://www.allotcbb.com/quote.php?symbol=avxl
