The results of Anavex Life Sciences Corp.'s (AVXL:NASDAQ) Phase 1 Anavex 3-71 study suggest "a promising pipeline" for the drug candidate, purported Dawson James analyst Jason Kolbert.
In this trial, participants comprising different cohorts received single doses of Anavex 3-71 between 5 and 200 milligrams daily. No adverse events were reported, and lab tests showed no abnormalities. There were no clinically significant electrocardiogram parameters.
The biopharma indicated the next step for Anavex 3-71 is another clinical trial, this one evaluating the longitudinal effect of treatment with this therapeutic candidate in three neurodegenerative diseases, noted Kolbert.
"Anavex believes the results of this [next] study could serve as the basis for advancing into respective registration studies in the U.S.," Kolbert wrote.
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Disclosures for Dawson James Securities Inc., Anavex Life Sciences Corp., Jan. 11, 2022
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