Anavex Life Sciences Corp (AVXL)

[Gator328]

I think you answered your own question. Anavex started out with humble beginnings, a company with an interesting theory that didn't have any cash. Anytime a small company steps in front of the FDA it's going to be scrutinized more heavily than a company that has a prior working relationship. As "the new guy," Anavex may only get one crack at submitting and needs to present its strongest case with the strongest evidence.

Sometimes collecting this evidence takes time. And sometimes the evidence points to new directions, which can cause further delays.