AVXL Stock Tanks After Anavex Withdraws EU Bid For Alzheimer's Drug

Anavex stated that the decision to withdraw the application follows feedback from the European Medicines Agency’s Committee for Medicinal Products for Human Use.
 In this photo illustration, an Anavex Life Sciences Corp. logo is displayed on the screen of a tablet. (Photo Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images)
In this photo illustration, an Anavex Life Sciences Corp. logo is displayed on the screen of a tablet. (Photo Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images)
Profile Image
Rounak Jain·Stocktwits
Published Mar 25, 2026   |   7:57 AM EDT
Share
·
Add us onAdd us on Google

Anavex Life Sciences Corp. (AVXL) shares tanked more than 20% in Wednesday’s pre-market trade after the company announced that it has withdrawn its marketing authorization application for its Alzheimer’s drug, blarcamesine, in the European Union.

Anavex stated that the decision to withdraw the application follows feedback from the European Medicines Agency’s Committee for Medicinal Products for Human Use.

This comes two days after Anavex reported new data about blarcamesine, suggesting a slowdown in brain shrinkage.

Retail sentiment on Stocktwits around Anavex Life Sciences trended in the ‘extremely bullish’ territory at the time of writing.

Get updates to this story developing directly on Stocktwits.

Also See: Lockheed Martin To Quadruple Precision Strike Missile Output After First Combat Use In Iran War

For updates and corrections, email newsroom[at]stocktwits[dot]com.

Follow on Google News
Read about our editorial guidelines and ethics policy