Los Angeles - (NewMediaWire) - February 04, 2022 - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Anavex Life Sciences Corp. (“Anavex Life Sciences” or “the Company”) (NASDAQ: AVXL) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Anavex Life Sciences announced on February 1, 2022, that its Phase 3 trial of drug candidate ANAVEX2-73 (blarcamesine) met primary and secondary endpoints for the treatment of Rett syndrome. Following this announcement, the Company faced questions about the validity of the Phase 3 trial on social media. For example, Adam Feuerstein, senior writer on Biotech for STAT, 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.” Based on this news, shares of Anavex Life Sciences dropped sharply on the same day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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Brian Schall, Esq.