Anavex Life Sciences Corp. (US TRADING VENUE: AVXL) – ClaimsFiler

Recent Security Class Actions

Anavex Life Sciences Corp. (US TRADING VENUE: AVXL)

Company Name:Anavex Life Sciences Corp.
Stock Symbol:US TRADING VENUE: AVXL
Class Period Start:02/01/2022
Class Period End (inclusive):01/01/2024
Filing Deadline:05/13/2024

According to the Complaint, Anavex Life Sciences Corporation investigates, manufactures, and markets pharmaceuticals for central nervous system (CNS) disorders. Anavex’s primary product is blarcamesine (Anavex 2-73). Anavex has sponsored several research studies concerning blarcamesine’s suitability to treat various CNS disorders. One such disorder Anavex has investigated is Rett syndrome, a neurodevelopmental disorder affecting primarily females. The Complaint alleges that Defendants violated Section 10(b) of the 1934 Act by failing to disclose pertinent information relevant to the Company or, alternatively, providing information about the Company which was misleading or deceptive.

Recent Security Class Actions

Anavex Life Sciences Corp. (US TRADING VENUE: AVXL)

Company Name:Anavex Life Sciences Corp.
Stock Symbol:US TRADING VENUE: AVXL
Class Period Start:02/01/2022
Class Period End (inclusive):01/01/2024
Filing Deadline:05/12/2024

According to the Complaint, Anavex Life Sciences Corporation investigates, manufactures, and markets pharmaceuticals for central nervous system (CNS) disorders. Anavex's primary product is blarcamesine (Anavex 2-73). Anavex has sponsored several research studies concerning blarcamesine's suitability to treat various CNS disorders. One such disorder Anavex has investigated is Rett syndrome, a neurodevelopmental disorder affecting primarily females.

Prior to the start of the Class Period, Anavex sponsored the Avatar Phase II and III ("Avatar") clinical trials which investigated blarcamesine's suitability as a treatment for adults with Rett syndrome.

Until January 15, 2022, Defendants represented Anavex would use particular primary and secondary research outcomes for its Avatar study about adult Rett syndrome. On February 1, 2022, the Company released its Avatar study results. The actual methods and outcomes used to analyze the Avatar study were different from those previously announced. Analysts critiqued these methods as being unusual and not clinically validated.

This is a federal securities action on behalf of all persons who purchased or otherwise acquired Anavex stock between February 1, 2022 and January 1, 2024, inclusive (the "Class Period"), against Anavex and certain of its officers and/or directors for violations of the Securities Act of 1934. The Complaint alleges that Defendants violated Section 10(b) of the 1934 Act by failing to disclose pertinent information relevant to the Company or, alternatively, providing information about the Company which was misleading or deceptive.