Company to host a webcast today at 8:30 a.m. Eastern Time
NEW YORK, Nov. 25, 2025 (GLOBE NEWSWIRE) -- Anavex Life Sciences Corp. ("Anavex" or the "Company") (Nasdaq: AVXL), a clinical-stage biopharmaceutical company focused on developing innovative treatments for Alzheimer's disease, Parkinson's disease, schizophrenia, neurodevelopmental, neurodegenerative, and rare diseases, including Rett syndrome, and other central nervous system $(CNS)$ disorders, today reported financial results for its fourth quarter of fiscal 2025.
"There are currently an estimated 7.2 million people living with Alzheimer's disease in the U.S. and 7 million in Europe, respectively. We continue to be focused on orally, targeted upstream medicines, particularly in the context of early Alzheimer's disease," said Christopher U. Missling, PhD, President and CEO of Anavex. "Our clinical pipeline positions Anavex to address critical unmet needs in neurodegenerative and neurodevelopmental disorders with convenient and scalable therapeutic options. Oral blarcamesine demonstrated continued clinically meaningful benefit in early-stage Alzheimer's patients--further validating its therapeutic potential. Following the recent announcement the Company intends to request a re-examination of the CHMP opinion upon its formal adoption, representing our commitment to bring this innovative medicine to patients in need of new treatment options."
Expected Development Milestones:
-- Regulatory and clinical trial update for blarcamesine in early
Alzheimer's disease
-- Regulatory and clinical trial update for blarcamesine in Parkinson's
disease
-- Regulatory and clinical trial update for blarcamesine in Rett syndrome
-- Fragile X development update: Design of Phase 2/3 clinical trial
-- Advancing ANAVEX$(R)$3-71 towards pivotal clinical studies for the
treatment of schizophrenia related disorders
-- Expanding collaborative initiatives and strategic partnership activities
-- New scientific findings to be presented at upcoming conferences or
publications:
-- The direct relationship between cognitive function and reduced
brain region atrophy with blarcamesine
-- Oral blarcamesine for early symptomatic Alzheimer's: Robust effect
size through Precision Medicine -- analysis of the
ANAVEX2-73-AD-004 randomized trial
-- Newly identified Precision Medicine gene, COL24A1, with >70%
prevalence establishes effective treatment of early Alzheimer's
disease with blarcamesine
-- Continued long-term benefit from oral blarcamesine compared to
delayed-start analysis and decline compared to natural history
studies
Recent Corporate Developments:
-- On August 20, 2025, Anavex announced a peer-reviewed publication in the
journal Neuroscience Letters, titled "Prevention of memory impairment and
hippocampal injury with blarcamesine in an Alzheimer's disease model."
This study shows that pre-treatment with blarcamesine prevented Amyloid
beta-induced memory impairment and brain oxidative injury suggesting that
the blarcamesine is an attractive candidate for Alzheimer's
disease pharmacological prevention.
-- On August 26, 2025, Anavex announced a peer-reviewed publication in the
journal iScience, ascertaining the precise autophagy mechanism of
sigmar-1 receptor (S1R/SIGMAR1) through blarcamesine activation, titled
"Conserved LIR-specific interaction of Sigma-1 receptor and GABARAP."
-- On September 30, 2025, Anavex announced a publication "Oral Blarcamesine
Phase IIb/III Trial Confirms Identified Precision Medicine Patient
Population -- Significant Broad Clinical and Quality of Life Improvements
for Early Alzheimer's Disease Patients" to be available online as a
preprint at medRxiv, and in submission to a peer-reviewed medical
journal.
-- On September 9, 2025, Anavex announced the latest findings for
blarcamesine, an oral small molecule for the potential treatment of early
Alzheimer's disease. On all standard scales for measuring Alzheimer's
disease and cognitive decline, after 48 weeks, the defined Precision
Medicine population ABCLEAR31 consisting of early Alzheimer's disease
patients with confirmed and progressed pathology taking 30 mg once-daily
oral blarcamesine demonstrated barely detectable decline. This was
comparable to minimally perceptible decline in prodromal (pre-dementia)
aging adults.
-- On October 2, 2025, Anavex announced positive topline results from its
placebo-controlled Phase 2 clinical study evaluating ANAVEX(R)3-71 for
the treatment of schizophrenia in adults on stable antipsychotic
medication (ANAVEX3-71-SZ-001, NCT06245213). The study successfully
achieved its primary endpoint, demonstrating that ANAVEX(R)3-71 was safe
and well-tolerated. The safety profile was consistent with previous
studies of ANAVEX(R)3-71 in healthy volunteers, with no serious
treatment-emergent adverse events (TEAEs) and no severe TEAEs reported in
either Part A or Part B of the study. In addition to meeting the primary
safety endpoint, secondary and exploratory analyses revealed encouraging
trends in several outcome measures. The study demonstrated positive
trends in objective electroencephalography (EEG) and event-related
potential (ERP) biomarkers of schizophrenia.
-- On October 29, 2025, Anavex announced new findings for blarcamesine, an
oral small molecule for the potential treatment of early Alzheimer's
disease. New data demonstrate continued long-term benefit from oral
blarcamesine compared to decline observed in the Alzheimer's Disease
Neuroimaging Initiative (ADNI)2 control group.
-- On November 14, 2025, Anavex announced that it was informed by the
Committee for Medicinal Products for Human Use $(CHMP)$ of the European
Medicines Agency $(EMA)$ of a negative trend vote on the Marketing
Authorisation Application $(MAA)$ for blarcamesine following its CHMP oral
explanation. The Company intends to request a re-examination of the CHMP
opinion upon its formal adoption, based on feedback and continued
guidance from the CHMP, EMA and the Alzheimer's disease community.
-- On November 19, 2025, Anavex announced that it will present at the 44th
Annual J.P. Morgan Healthcare Conference on Wednesday, January 14th,
2026, at the Westin St. Francis in San Francisco, CA with presentation
scheduled 4:30 PM -- 5:10 PM (Pacific Time).
Financial Highlights:
-- Cash and cash equivalents of $102.6 million at September 30, 2025
compared to $132.2 million at September 30, 2024. As of today, with a
current cash balance of over $120 million, the Company anticipates at its
current cash utilization rate, an approximate cash runway of more than 3
years.
-- Research and development expenses for the quarter of $7.3 million
compared to $11.6 million for the comparable quarter of fiscal 2024.
-- General and administrative expenses for the quarter of $3.5 million
compared to $2.7 million for the comparable quarter of fiscal 2024.
-- Net loss for the quarter of $9.8 million, or $0.11 per share, compared to
a net loss of $11.6 million, or $0.14 per share for the comparable fourth
quarter of fiscal 2024.
The financial information for the year ended September 30, 2025, should be read in conjunction with the Company's consolidated financial statements, which will appear on EDGAR, www.sec.gov and will be available on the Anavex website at www.anavex.com.
Webcast / Conference Call Information:
The live webcast of the conference call will be available on Anavex's website at www.anavex.com.
The conference call can be also accessed by dialing 1 929 205 6099 for participants in the U.S. using the Meeting ID# 839 7768 4735 and reference passcode 825109. A replay of the conference call will also be available on Anavex's website for up to 30 days.
About Anavex Life Sciences Corp.
Anavex Life Sciences Corp. (Nasdaq: AVXL) is a publicly traded biopharmaceutical company dedicated to the development of novel therapeutics for the treatment of neurodegenerative, neurodevelopmental, and neuropsychiatric disorders, including Alzheimer's disease, Parkinson's disease, schizophrenia, Rett syndrome, and other central nervous system (CNS) diseases, pain, and various types of cancer. Anavex's lead drug candidate, ANAVEX(R) 2-73 (blarcamesine), has successfully completed a Phase 2a and a Phase 2b/3 clinical trial for Alzheimer's disease, a Phase 2 proof-of-concept study in Parkinson's disease dementia, and both a Phase 2 and a Phase 3 study in adult patients and one Phase 2/3 study in pediatric patients with Rett syndrome. ANAVEX(R) 2-73 is an orally available drug candidate designed to restore cellular homeostasis by targeting SIGMAR1 and muscarinic receptors. Preclinical studies demonstrated its potential to halt and/or reverse the course of Alzheimer's disease. ANAVEX(R) 2-73 also exhibited anticonvulsant, anti-amnesic, neuroprotective, and anti-depressant properties in animal models, indicating its potential to treat additional CNS disorders, including epilepsy. The Michael J. Fox Foundation for Parkinson's Research previously awarded Anavex a research grant, which fully funded a preclinical study to develop ANAVEX(R) 2-73 for the treatment of Parkinson's disease. We believe that ANAVEX(R) 3-71, which targets SIGMAR1 and M1 muscarinic receptors, is a promising clinical stage drug candidate demonstrating disease-modifying activity against the major hallmarks of Alzheimer's disease in transgenic (3xTg-AD) mice, including cognitive deficits, amyloid, and tau pathologies. In preclinical trials, ANAVEX(R) 3-71 has shown beneficial effects on mitochondrial
dysfunction and neuroinflammation. Further information is available at www.anavex.com. You can also connect with the Company on Twitter, Facebook, Instagram, and LinkedIn.
Forward-Looking Statements
Statements in this press release that are not strictly historical in nature are forward-looking statements. These statements are only predictions based on current information and expectations and involve a number of risks and uncertainties. Actual events or results may differ materially from those projected in any of such statements due to various factors, including the risks set forth in the Company's most recent Annual Report on Form 10-K filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement and Anavex Life Sciences Corp. undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof.
Anavex Life Sciences Corp.
Consolidated Statements of Operations and Comprehensive
Loss
(in thousands, except share and per share amounts)
Three months ended September 30,
2025 2024*
----------------- -----------------
Operating Expenses
General and administrative $ 3,549 $ 2,716
Research and development 7,295 11,555
Total operating expenses 10,844 14,271
----------- ---- ---------- ----
Operating loss (10,844 ) (14,271 )
Other income
Grant income - 75
Research and development incentive
income 13 700
Interest income, net 1,000 1,759
Foreign exchange gain 6 117
Total other income, net 1,019 2,651
----------- ---- ---------- ----
Net loss and comprehensive loss $ (9,825) $ (11,620)
=========== === ========== ===
Net loss per share
Basic and diluted $ (0.11) $ (0.14)
Weighted average number of shares outstanding
Basic and diluted 85,893,760 84,795,517
---------------------------------- ----------- ---- ---------- ----
*Certain immaterial amounts have been reclassified to conform to the current years' presentation
Anavex Life Sciences Corp.
Consolidated Statements of Operations and Comprehensive
Loss
(in thousands, except share and per share amounts)
Year ended September 30,
2025 2024
---------- ---- ---------- ----
Operating Expenses
General and administrative $ 13,816 $ 11,039
Research and development 37,592 41,838
Total operating expenses 51,408 52,877
---------- ---- ---------- ----
Operating loss (51,408 ) (52,877 )
Other income (expense)
Grant income 37 75
Research and development incentive
income 648 2,291
Interest income, net 4,678 7,320
Foreign exchange (loss) gain (332) 189
Total other income, net 5,031 9,875
---------- ---- ---------- ----
Net loss and comprehensive loss $ (46,377) $ (43,002)
========== === ========== ===
Net loss per share
Basic and diluted $ (0.54) $ (0.52)
Weighted average number of shares outstanding
Basic and diluted 85,289,447 83,468,049
------------------------------------ ---------- ---- ---------- ----
Anavex Life Sciences Corp.
Consolidated Balance Sheets
(in thousands, except share and per share amounts)
September 30,
-------------------------------------------- ----------------------
2025 2024
-------------------------------------------- -------- --------
Assets
-------------------------------------------- ---------- ----------
Current
-------------------------------------------- ---------- ----------
Cash and cash equivalents $ 102,577 $ 132,187
-------------------------------------------- -------- --------
Incentive and tax receivables 809 2,449
-------------------------------------------- -------- --------
Prepaid expenses and other current assets 429 931
-------------------------------------------- -------- --------
Total Assets $ 103,815 $ 135,567
-------------------------------------------- ======== ========
Liabilities and stockholders' equity
-------------------------------------------- ---------- ----------
Current Liabilities
-------------------------------------------- ---------- ----------
Accounts payable $ 4,249 $ 9,627
-------------------------------------------- -------- --------
Accrued liabilities 3,892 4,835
-------------------------------------------- -------- --------
Deferred grant income 805 842
-------------------------------------------- -------- --------
Total Liabilities 8,946 15,304
-------------------------------------------- -------- --------
Capital Stock 87 85
-------------------------------------------- -------- --------
Additional paid-in capital 477,230 456,249
-------------------------------------------- -------- --------
Accumulated deficit (382,448) (336,071)
-------------------------------------------- -------- --------
Total Stockholders' Equity 94,869 120,263
-------------------------------------------- -------- --------
Total Liabilities and Stockholders' Equity $ 103,815 $ 135,567
-------------------------------------------- ======== ========
For Further Information:
Anavex Life Sciences Corp.
Research & Business Development
Toll-free: 1-844-689-3939
Email: info@anavex.com
Investors:
Andrew J. Barwicki
Investor Relations
Tel: 516-662-9461
Email: andrew@barwicki.com
(1) ABCLEAR3 = Alzheimer's Blarcamesine Cognition Efficacy and Resilience gene variants non-carrier population (SIGMAR1 wild type [WT]/COL24A1 wild type [WT]).
(2) Alzheimer's Disease Neuroimaging Initiative (ADNI) is a clinical research project launched by NIH in 2004 to develop methods to predict the onset and progression of Alzheimer's disease and to confirm the effectiveness of treatments. The project involves a multi-year longitudinal observation targeting healthy elderly individuals as well as patients with mild cognitive impairment $(MCI)$ and early stages of Alzheimer's disease.
(END) Dow Jones Newswires
November 25, 2025 07:30 ET (12:30 GMT)
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