Anavex Life Sciences Corp (AVXL)

[Steady_T]

You have to wonder with all of these AE's in Phase 1, why Lilly went to Phase 2?

The answer to that is pretty easy.
There are no other solutions out there. There are potential solutions, think ANAVEX. But Anavex is just now running a large scale placebo controlled trial. Assuming Lilly knows about 2-73 I'd guess they are hoping to get to market before 2-73. After all they are acutely aware that 99% of all AD trials fail and I bet they are applying those odds to their thinking about Anavex. And even if 2-73 P2/3 trial comes out good, Lilly is hoping to get in front of the FDA before Anavex. The FDA can only consider what is filed with it.

Remember that the bar is so low for AD that it is "in the grass".