(24/7 MARKET NEWS) – (24/7 MARKET NEWS) – Anavex Life Sciences Corp. (Nasdaq: AVXL)announced, last night, positive topline results from its Phase 2b/3 ANAVEX(R)2-73-AD-004 clinical trial of oral ANAVEX(R)2-73 (blarcamesine) for the treatment of mild cognitive impairment (MCI) due to Alzheimer’s disease (AD) and mild AD (collectively known as early AD). The Company plans to meet with regulatory authorities to determine the next steps.
Anavex is trading at $9.50, up $0.63 (+7.10%), on nearly 500 thousand shares.
Its 52-week range is $7.13 to 20.24. Interesting chart that looks like it could fill in the gap to $11 and, if it does so on strong volume the next inflection point is at $12.60.
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