Obviously there is not universal excitement about AVXL yet. I am not "stroking off to my confirmation bias" - very few people know about Avanvex because they are a pre-commercial company. My take is fact. Once the company files an NDA then things may change fast.
I think the confirmation bias is thinking that Anavex is already a big deal and the market has dismissed it. The market barely knows Anavex exists. Pre-commercial is just too early for many responsible funds to even consider. CALPERS etc shouldn't even consider pre-commercial, IMO. This will change.
I disagree with your take because it doesn't consider what I just mentioned. But, I could be wrong - that happens frequently.
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