Anavex Life Sciences Corp (AVXL)

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Ph 3 trials take about 4 years to complete. That's abut how long Biogen's is estimated to take. They're enrolling 2700 patients however. The biggest time sink in a trial is enrolling the patients. Just for Anavex's Ph 2 they enrolled the first patient Dec of 2015 and the last not til Oct of 2015, and that trial enrolled only 32 total. Drug trials take 10 years total to develop the drug and get it approved on avg. FDA takes 18 mos to make up its mind after Ph 3 complete.

McFarlane said 4 years and to be honest I don't think he specified approval in which country. He was doing an interview for Aussie TV with the painter and pianist when he said that, so I assumed he meant Aus since the show was for an Aussie audience. I trust he knows what he's talking about. If we make a lot of assumptions for best case scenarios playing out in Anavex's favor, then I could see that 4 years shortening considerably, but shortened to just less than a year from now? Naw