Anavex Life Sciences Shares Rise After Positive Trial Results for Alzheimer's Treatment

Dow Jones

01-16

By Chris Wack

Anavex Life Sciences shares were up 7% to $11.25 after the company said it saw positive trial results for its oral blarcamesine for the treatment of early Alzheimer's disease.

The clinical-stage biopharmaceutical company said the once-daily oral blarcamesine significantly slowed clinical progression by 36.3% at 48 weeks.

The phase 2b study demonstrated a safety profile with no associated neuroimaging adverse events.

Anavex said oral blarcamesine could represent a novel treatment in early Alzheimer's disease and be complementary or alternative to injectable anti-beta amyloid drugs.

The stock hit its 52-week high of $14.44 on Dec. 26, and is up 88% in the past 12 months.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

January 15, 2025 13:50 ET (18:50 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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