Anavex Life Sciences Reports Fiscal 2025 Third Quarter Financial Results and Provides Business Update

Core Viewpoint - Anavex Life Sciences Corp. is advancing its clinical-stage biopharmaceutical developments, particularly focusing on innovative treatments for Alzheimer's disease and other CNS disorders, with promising financial results and clinical data supporting its lead drug candidate, blarcamesine [1][2]. Recent Highlights - Anavex presented open-label extension data for blarcamesine at the AAIC 2025, showing continued clinically meaningful benefits in early-stage Alzheimer's patients [2][7]. - The company participated in the AAIC 2025, emphasizing the importance of sharing knowledge to advance dementia science [7]. Financial Highlights - Cash and cash equivalents stood at $101.2 million as of June 30, 2025, down from $132.2 million at the end of fiscal 2024, indicating a cash runway of over 3 years at current utilization rates [4][7]. - Research and development expenses for the quarter were $10.0 million, a decrease from $11.8 million in the same quarter of fiscal 2024 [4][7]. - General and administrative expenses increased to $4.5 million from $2.8 million in the comparable quarter of fiscal 2024 [4][7]. - The net loss for the quarter was $13.2 million, or $0.16 per share, compared to a net loss of $12.2 million, or $0.14 per share for the same quarter in fiscal 2024 [4][7]. Clinical Development - Blarcamesine has shown benefits over a period of up to 4 years in treated patients, as measured by clinical endpoints ADAS-Cog13 and ADCS-ADL [7]. - The drug candidate is designed to restore cellular homeostasis by targeting SIGMAR1 and muscarinic receptors, with preclinical studies indicating its potential to halt or reverse Alzheimer's disease [9].