Tuesday, August 16, 2016 3:26:26 PM
Two or three hundred patients should be sufficient according to discussions I've seen.
At an estimated $36k per patient, a 250 member adaptive trial could be paid for up front with $9 million cash on hand. Of course, this money is more-or-less reserved to cover operating expenses for a year so they can take their time. Such a trial doesn't need to be paid in advance and will likely be recruited over time.
Unlike most developmental stage companies they have nil debt. Also they have a $50 million+ credit card with Lincoln that they haven't activated yet. Only it's actually a debit card that can draw on a portion of the 60 million authorized shares still in the cupboard. The agreement with Lincoln Capital has been carefully detoxified.
IMO Anavex already has the formulas in hand, doesn't need research help, doesn't really need a partner, except maybe a pill maker. Either partner or acquire e.g. Pfizer bought Park-Davis.Going to need a lot of pills at some point. If it were me, I'd just buy a pill making machine. The only thing more highly automated than pill making is semi-conductor manufacturing. Pill making is a lot less complicated. And by machine I mean setup a manufacturing cell. As a division it could be run by a handful of employees. But that's just me. By farming everything out they've saved tying up a lot of capital in depreciating assets.
They also have a good track record on getting grant money.
ho hum
Now that the rain has stopped I'm going to go out and plant a tree. Japanese Maple, very cool looking tree. The leaves resemble cannabis at first glance. :)
Recent AVXL News
- Anavex Life Sciences to Present at the H.C. Wainwright 26th Annual Global Investment Conference 2024 • GlobeNewswire Inc. • 09/03/2024 11:30:00 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/06/2024 09:21:05 PM
- Anavex Life Sciences Reports Fiscal 2024 Third Quarter Financial Results and Provides Business Update • GlobeNewswire Inc. • 08/06/2024 11:30:00 AM
- Anavex Life Sciences to Announce Fiscal 2024 Third Quarter Financial Results on Tuesday, August 6, 2024 • GlobeNewswire Inc. • 08/01/2024 11:30:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/30/2024 09:20:53 PM
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- Form S-3 - Registration statement under Securities Act of 1933 • Edgar (US Regulatory) • 07/29/2024 09:21:49 PM
- Results from Anavex Life Sciences Landmark Phase IIb/III Trial of Blarcamesine Presented at Alzheimer's Association Conference • GlobeNewswire Inc. • 07/28/2024 09:00:00 PM
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- Shareholders that lost money on Anavex Life Sciences Corporation(AVXL) Urged to Join Class Action - Contact The Gross Law Firm to Learn More • PR Newswire (US) • 05/10/2024 09:45:00 AM
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- The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of May 13, 2024 in Anavex Life Sciences Lawsuit - AVXL • PR Newswire (US) • 04/16/2024 09:45:00 AM
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