Anavex Life Sciences Corp (AVXL) News & EventsAVXLAnavex Life Sciences Corp

Anavex Provides Update on Alzheimer's Drug Development Progress

Anavex provided a regulatory update. Following the withdrawal of the application for the marketing authorization of blarcamesine in the EU, Anavex will continue to gather additional data and conduct further analyses to advance the development program in early Alzheimer's disease. The dialogue continues with the EMA to address the points raised by the Committee for Medicinal Products for Human Use. As part of the company's ongoing interactions with the FDA, Anavex has submitted additional data to the regulatory agency with the objective of reaching alignment on the Alzheimer's disease development program for blarcamesine in the U.S. Anavex is also advancing regulatory engagement with EU authorities for blarcamesine in Parkinson's disease and rare neurological conditions, including Rett syndrome, underscoring the breadth of the Company's clinical development portfolio. This release discusses investigational uses of an agent in development and is not intended to convey conclusions about efficacy or safety. There is no guarantee that any investigational uses of such product will successfully complete clinical development or gain health authority approval.

Stock Futures Rise as Energy Prices Retreat

Stock futures are moving higher this morning. Markets are shifting toward a more conditional relief trade, but energy prices are still dictating direction. The move is tied directly to a sharp pullback in crude oil, which dropped more than 4%-5% overnight on renewed hopes for a potential ceasefire framework between the U.S. and Iran. After several sessions where rising energy prices pressured equities and pushed yields higher, the reversal is easing inflation expectations at the margin. As a result, markets are beginning to reprice the path of interest rates slightly lower, which is providing near-term support for equities and risk assets.However, the improvement in sentiment is based on tentative headlines, not confirmed changes in supply dynamics or a finalized agreement. Iran has pushed back on reports of negotiations, and oil has already shown a tendency to rebound quickly when optimism fades. Rising Treasury yields and ongoing geopolitical uncertainty continue to cap upside, particularly for rate-sensitive sectors like technology.In pre-market trading, S&P 500 futures rose 0.67%, Nasdaq futures rose 0.83% and Dow futures rose 0.68%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Armup 10% after reporting the company expects its own chips business to generate about $15B in annual sales in five years.Terns Pharmaceuticalsup 5% after entering into a definitive agreement under which Merck, through a subsidiary, will acquire Terns for $53.00 per share in cashSturm Rugerup 3% after Beretta Holding announced plans to launch a tender offer for up to 20.05% of Sturm Ruger shares at $44.80 per shareHIGHER AFTER REPORT OF ACCELERATED SPACEX IPO TIMELINE -EchoStarup 5%Rocket Labup 3%FireFly Aerospaceup 3%AST SpaceMobileup 2%Planet Labsup 2%UP AFTER EARNINGS -Brazeup 27%Chewyup 10%DOWN AFTER EARNINGS -KB Homedown 3%PDD Holdingsdown 2%Winnebagoup 1%LOWER -Anavexdown 32% after withdrawing its application for the marketing authorization of blarcamesine in the EU as an add-on therapy for the treatment of early Alzheimer's disease in adults, which had been under review by the European Medicines AgencyOn Holdingdown 4% after reporting Martin Hoffmann will step down as CEO