Anavex Life Sciences Corp (AVXL)

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If neither MAA approval comes nor 3-71 results are extremely good, then...there is no NPV calc that makes sense because the stock would be sitting at ~$350m based purely on speculation that the company could run a pair of truly effective PD P3 trials.

So, according to your AVXL analysis, what is the chance of:

i) MAA non approval

ii} 3-71 results are a dud