Anavex Life Sciences Corp (AVXL)

[skitahoe]

I'll disagree, especially when every day the same basic information is posted as news on sites like I-H. I believe for the last few days the PR by the same law firm keeps cropping up here, it clearly has a negative effect. I'm not against legitimate suits, but to me the only way such a suit is legitimate is if it can be proven the company knew a product was failing, but they continued to hype it as headed for approval.

I frankly don't believe that anyone is absolutely certain of either approval, or complete failure of any of Anavex's products. I still believe that benefits are seen in RETT's and the regulators may agree that the trial protocol was flawed. The question is, could they gain an approval with a conformational trial required, or will the choice be to run another trial that can better define the benefits. In many cases the regulator determines another trial is needed, but the sponsor lacks the funding to make it happen, and the product, which might be approvable, is abandoned.

If this law firm can prove that the company intentionally mislead investors I'm fine with a suit. On the other hand if they simply take any failure to be worthy of filing a suit against is not legitimate, and if the attorney's have a history of many such filings, I wouldn't touch it with a 10 ft. pole. We have become a very litigious people and frankly it's harmful to far more than it benefits.

Gary