Not entirely true because public companies all share the same macro environment. Self-infliected economic distress impacts all companies. But, yes, Anavex does not sell imported steel or aluminum or lumber or oil etc. And maybe the fact that their CEO is German and is fluent in Italian will be a major asset during the MAA process. In the USA, medicare and medicaid pay for a lot of medications - especially for the elderly - so cutting the legs from under those programs could be a problem for drug companies generally and for Anavex specifically.
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