Anavex Life Sciences Corp (AVXL)

[Anshu2]

Today’s news seems like a semi game-change.

Till today, it was unclear (to the sensible ones) if AVXL had the goods to file a drug approval application.

Now, it’s a 100% certainty that AVXL will file an application. And, the probability of approval is certainly non-zero (how low/high is a matter of debate).

Thus, I expect the stock to continue to be strong barring any bad news. This could trade in $8-15 range over the next few months (but Rett’s news can change that in unpredictable ways).