An investigation on behalf of investors in Anavex Life Sciences Corp. (NASDAQ:AVXL) shares over potential wrongdoing at Anavex Life Sciences Corp. was announced and NASDAQ:AVXL stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/21/2022 -- An investigation on behalf of investors in shares of Anavex Life Sciences Corp. (NASDAQ: AVXL) was announced over potential breaches of fiduciary duties by certain officers and directors at Anavex Life Sciences Corp.
Investors who purchased shares of Anavex Life Sciences Corp. (NASDAQ: AVXL) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Anavex Life Sciences directors breached their fiduciary duties and caused damage to the company and its shareholders.
New York based Anavex Life Sciences Corp., a clinical stage biopharmaceutical company, engages in the development of drug candidates for the treatment of central nervous system (CNS) diseases. Anavex Life Sciences Corp. reported that its Total Revenue rose from $30.93 million for the 12 months period that ended on September 30, 2020, to $41.94 million for the 12 months period that ended on September 30, 2021, and that its Net Loss over those time periods increased from $26.28 million to $37.9 million.
Before the market opened on February 1, 2022, Anavex Life Sciences Corp. announced that a phase 3 trial of ANAVEX2-73 (blarcamesine) for Rett syndrome met primary and secondary endpoints. Following the announcement, several people on social media indicated that the primary and secondary endpoints were recently changed. STAT's Adam Feuerstein tweeted, "Anavex changed the primary and secondary endpoints of this Rett study on Jan. 18, allowing it to claim success when the drug most likely failed."
Shares of Anavex Life Sciences Corp. (NASDAQ: AVXL) declined from $19.83 per share in December 2021 to as low as $9.93 per share on February 4, 2022.
Those who purchased shares of Anavex Life Sciences Corp. (NASDAQ: AVXL) have certain options and should contact the Shareholders Foundation.
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