jain.com
Public record. We host this document directly; the copy served here does not depend on any third party. Retrieved October 25, 2026.
Read the documentAlso at archive.org ↗

Downing v. Anavex Life Sciences Corporation — Entry #23: DECLARATION of Theodore L

Case: Downing v. Anavex Life Sciences Corporation nysd · 1:24-cv-03529

filed May 08, 2024

What this document is

Docket entry #23 · filed August 23, 2024

DECLARATION of Theodore L. Kornobis in Support re: 22 MOTION to Dismiss .. Document filed by Anavex Life Sciences Corporation, Christopher U. Missling. (Attachments: # 1 Exhibit Form 10-K, # 2 Exhibit Form 10-K, # 3 Exhibit Press Release, # 4 Exhibit Transcript, # 5 Exhibit Presentation, # 6 Exhibit Report, # 7 Exhibit Earnings Call, # 8 Exhibit Transcript, # 9 Exhibit Press Release, # 10 Exhibit Press Release, # 11 Exhibit Press Release).(Kornobis, Theodore) (Entered: 08/23/2024)

Who is involved

Why we have it

We follow this case because it names a company we track, although that company is not a party:

A free copy from the RECAP archive of federal court filings (mirrored at the Internet Archive), retrieved October 25, 2026. Federal court filings are public records.

URL
https://archive.org/download/gov.uscourts.nysd.621044/gov.uscourts.nysd.621044.23.5.pdf
Kind
court_filing
Publisher
RECAP
Published
2024-08-22 00:00:00-04:00
Retrieved
2026-10-25 07:41:40.250401-04:00
HTTP status
200
MIME
application/pdf
Bytes
10159945
SHA-256
5e66ef3247d56a5e4027919bc92e9333eab0ecb79b4c8eeea2f61ea209b19b04

Document text

13 page(s), 54,645 characters, converted from the PDF's text layer · plain text.

Full text
Case 1:24-cv-03529-CM   Document 23-5   Filed 08/23/24   Page 1 of 13


    Case 1:24-cv-03529-CM                      Document 23-5               Filed 08/23/24             Page 2 of 13


                                                                                                                            EXHIBIT 99.1


                            Forward Looking Statement
This presentation contains forward-looking statements made within the meaning of the Private Securities Litigation
Reform Act of 1995 by Anave x® Life Sciences Corp. and its representatives. These statements can be identified by
introductory words such as "expects," "plans," "intends," "believes," "will," "estimates, " "forecasts ," "projects," or words of
similar meaning, and by the fact that they do not relate strictly to historical or current facts. Forward-looking statements
frequently are used in discussing potential product applications, potential collaborations, product development activities,
clinical studies, regulatory submissions and approvals, and similar operating matters. Many factors may cause actual
resu lts to differ from forward-looking statements, including inaccurate assumptions and a broad variety of risks and
uncertainties, some of which are known and others of which are not. Known risks and uncertainties include those
identified from time to time in reports filed by Anavex Life Sciences Corp. with the Securities and Exchange
Commission, which should be considered together with any forward-looking statement. No forward-looking statement is
a guarantee of future results or events, and one should avoid placing undue reliance on such statements. Anavex Life
Sciences Corp. undertakes no obligation to update publicly any forward-looking statements, whether as a result of new
information, future events or otherwise . Anavex Life Sciences Corp. cannot be sure when or if it will be permitted by
regulatory agencies to undertake clinical trials or to commence any particular phase of any clinical trials. Because of
this, statements regarding the expected timing of clinical trials cannot be regarded as actual predictions of when Anavex
Life Sciences Corp. will obtain regulatory approval for any "phase" of clinical trials. We also cannot be sure of the clinical
outcome for efficacy or safety of our compounds. Potential investors should refer to the risk factors in our reports filed
on Edgar.


                                                                                                               anavex               2


              Case 1:24-cv-03529-CM                                          Document 23-5              Filed 08/23/24         Page 3 of 13


                                                       What is Rett Syndrome?
            Devastating Neuro-developmental Disease in Girls with both Movement Impairment and Cogn t ve
                                                    Impairment


                     Rett Syndrome (RTT)

•   Non-Inherited genetic postnatal disorder caused by mutations
    In the MECP2 gene
         Occurs almost exclusively in girls
         Leads to severe impairments, affecting nearly every aspect of the child's life
         Impairment includes ability to speak, walk, eat and even breathe easily
         Hallmark of RTT is near constant repetitive hand movements while awake
         Occurs worldwide in approximately one in every 10,000 to 15,000 live female
         births
         The population of patients with Rett syndrome is estimated to be -11,000
         patients in the U.S.
         There is currently no cure for Rett syndrome


Source: https:llwww.rettsy11<Jrome.org/about-ret1-syndrome                                                                               anavex


     ANAVEX®2-73 MoA: SIGMAR1 Activation Prevents Cellular Stress Before and After Gene Transcription

                            Chromatin                                                      Chromatin


                                 •
                            Remodeling                                                     Remodeling
                             Proteins


                                                                                                                               Cytoplasm


                             SIGMAR1 protects healthy                                                          SIGMAR1 prevents toxic RNA
                              gene expression through                                                          from translating into proteins
                               Chromatin Remodeling                                                                (post-transcription)
                                 (pre-transcription)


Sourcs: Couly et al., Knocking our s;gma.1 Recsf)lors Reveals Diverse~
Problems. Cell Moi Neuroboi (2020); Lee el al .. Sigm;,-1 receptor chaperones            Healthy RNA    _ _ __.,
rescue nucleccytoplasmlc transport deficit seen in ce/ltJ/ar all<! Drosop/1//a ALS/FTD
mo<Je/s. Nat Commun. 2020Nov4;11(1):5580                                                                                                        :vex


              Case 1:24-cv-03529-CM                                        Document 23-5                            Filed 08/23/24                        Page 4 of 13


                                           ANAVEX® Rett Syndrome Program
Completed and ongoing late-stage clinica l studies fo r Rett Syndrome in 2022 :
•     U.S. Phase 2 Adult Rett Syndrome Trial (ClinicalTrials.gov Identifier: NCT03758924) - completed
•     AVATAR Phase 3 Adult Rett Syndrome Trial (ClinicalTrials.gov Identifier: NCT03941444) - completed
•     EXCELLENCE Phase 2/3 Pediatric Rett Syndrome Trial (ClinicalTrials.gov Identifier: NCT04304482)
      - ongoing
•     ANAVEX®2-73 Rett Syndrome Program Received Fast Track Designation, Orphan Drug Designation
      and Rare Pediatric Disease Designation


                           Pivotal Efficacy                                      Supportive Efficacy                                             Safety Database

             • Positive Phase 3                                           • Positive Phase 2 U.S.                                       • Safety and Tolerability
               AVATAR Study                                                 Rett Syndrome Study                                           Data from
                                                                                                                                          Completed & Ongoing
                                                                                                                                          Studies


                                                                                                                                                                       anavex                5


     Phase 3 AVATAR ANAVEX®2-73-RS-002 Trial in Adult Patients
               with Rett Syndrome - Design Overview
                                         Randomized, Double-blind, Placebo-controlled Multi-center Clinical Trial

                             Arm                    Number of participants
                                                                                                                                                                                           48-
                  ANAVEX2 -73                              n=20                                                                                                                        week
              (once dBf/ up 10 31Jmg lkjuilJ 00:e,,e)
                                                                                                                                                                                       OLE
                        Placebo                            n=13                                                                                                                        study
                  oroe ai'y J>ti-0 HQ d dcee                                                                                                                                          ongoing
                                                                              Week 0                                         Week 4                                    Week 7
                                                                             (Base line)                                                                          (End of Trial [E OT] )

 Assessments:
    Primary: Assessment of RSBQ AUC response and safety
 • Secondary: Emotional behavior (ADAMS) response and CGl-1 (Clinical Global Impression of Improvement) response
 • Exploratory: Sleep (CSHQ), VAS (top caregiver concerns), Child Health Questionnaire PFSO (CHQ-PFSO), Rett syndrome
   Caregiver Inventory Assessment (RTT-CIA), Seizure diary

 • Biomarkers of response and/or surrogate endpoints: DNA & mRNA profiles and metabolomics biomarkers
    SIGMAR1 variants: Prespecified analyses of population with wi ld type (WT) variant
CfinfcBITriBls.gov: NCT0394 1444
Separate paUenl co/Jori (n=3) underwent " 3-weeh inlensi"" ph1Jm>acok1netic (PK) assessment wlfh s1Jfely, toiembiMy. phann,,col<ine/1c Bnd efficacy eva/uaf,on of A NA Vi=)('lt2-73
Open-/abei-<,xtension (OL£) after £nd of Trial for al leas/ 48 """ks                                                                                                                         6


              Case 1:24-cv-03529-CM                                        Document 23-5                        Filed 08/23/24                    Page 5 of 13


                                                       Baseline Characteristics

                                                                         ANAVEX®2-73 (n=20)                        PLACEBO (n=13)                           TOTAL (n=33)


                                                                                         24 .8                               236                                     243
Range - Min, Max                                                                    18.20, 38.35                         19.53, 40.78                          18.20, 40.78
Weight (kg) - Median                                                                     41 .6                               54.8                                    46 .8
Range - Min, Max                                                                     33. 0, 76.0                          29.0, 84.0                             29.0, 84 .0
Baseline AED medications, %

Baseline CGl-5 Category, n (%)
4-Moderately Ill
5-Markedly Ill                                                                        11 (55%)
6-Severely Ill                                                                         4 (20% )                           3 (23%)                                 7(21 % )
7-Extremnely Ill                                                                        0 (0%)                             0 (0%)                                  0 (0%)


                                                                                                                                                              anavex                  1


          Appropriate Primary Endpoint for Rett Syndrome
                                                                  Background for Pivo '11 Trial Endpoint

    • Statistical significance alone not sufficient for determining whether an individual patient
      has experienced a meaningful clinical benefit
    • As a stand-alone caregiver reported primary outcome assessment, the RSBQ does not
      appear optimally suited , on its own , for the determination of a clinical trial outcome
      (e .g. , could lead to either type 1 or type 2 error) 1
    • FDA:
            • Anchor-based responder method 2 - linking of scores from one clinical outcome
              assessment (e.g., RSBQ) 3 with scores from a simple reference "anchor" cl inical
              outcome assessment with a clinically meaningful threshold (e.g ., CG l- 1)4 to
              facilitate interpretation of what constitutes a meaningful within and between patient
              change in clinical outcome assessment scores (e.g., RSBQ AUC) 5
1/ Hou W. BoottachBl}'a U, Pradana WA, Ta,qumio DC. Assessment of a Ciirocal Tna/ Met,., for Rell Syndrome; Cntkal AnalySIS of the Rett Syndrome Behavio<,ral Questronnairo Pedialr
   N,,uro/. 2020 .Ju11;107:4/J-51i. doi: 10. 101 l;i{j.padiarmeurot. 2020.01 .009. Ef)<Jb 2020 Foo 4. PMID. 32165033
2/ Gwdance for Jndus/,y Patient-Reported Outcome Measures; Use ,n Medical Product Development to Suppo,I Labeling Claims hllps.'llwwwJda.qa,,/regulalory-in(ormationlsearch--fda-
   qui<Jance--dqcumsnts,pati9nt-rs00t1ed-0utcomG--me.asurAA:VAA-n1GdiCcJl--producf-d9velppment-sµpporl-fabefin9:cJaims
3/ Reff Syndrome Behavioural Questionna;,e
4/ C/1nieaJ Global Impression of Improvement
5/ Area Undar tha Effactiva Curve to accotJ!lt fry drug axposure O'V6f the rou= of dr;rafi® ot the trial                                                               :VeX           6


              Case 1:24-cv-03529-CM                                          Document 23-5                               Filed 08/23/24                       Page 6 of 13


  Primary Endpoint for Phase 3 AVATAR Clinical Trial for Adult Patients with Rett
                                  Syndrome

                                 Capturing Clinically Meaningful Treatment Effect and Disease Progression

          The RSBQ AUC (area under the effect curve) is a summary measure that combines both
          treatment effect and disease progression into one composite score
    •     It captures not only the end of treatment effect, but also the progression of the disease over the
          course of the study with better precision than only an end of treatment score 1
          CGl-1 (Clinical Global Impression of Improvement) anchored RSBQ AUC score: Improvement
          threshold of at least 1 full point in the 7-point scale from 'No Change' (i.e., 4) to at least
          'Minimally Improved' (i.e., 3) or 'Much Improved' (i.e., 2) or 'Very Much Improved' (i.e., 1)
          Responder is defined as a study participant who exceeds the clinically meaningful CGl-1
          threshold with corresponding RSBQ AUC linked value indicating improvement
    •     CGl-I anchored RSBQ AUC has been previously successfully assessed as efficacy endpoint in
          U.S. Rett Syndrome ANAVEX®2-73-RS-001 trial

' Pham B, Cro111Hly A, Boors M. Verhooven AC, Wells G, Tugw<>II P. Validity of area-under-the-curve analysis lo summarize effect in
rheumatoid arthritis c/10,ca/ lna/s. J Rheumalol. 1999;26(3):712-716.                                                                                              anavex


                                                                                 CG -1 Scale
                                                        crn·cal Glob I lmpress·on of l11provem                                         t (CGl-1)
  The Clinical Global Impression of Improvemen t Scale (CGl-I) is a measure developed for use in clinical trials to provide a brief. stand-alone assessment of
  the clinician's view of the patient's global functioning prior to and after initiating a study medication. Each time the patient is seen after medication has been
  initiated. the clinician compares the patient's overall clinical condition to the period just prior to the initiation of medication use (the so-called baseline visit).'
        Mimics what a physician would do in practice if an intervention is helping
        Measure both global and individual domain ratings like CGI-S (Clinical Global Impression of Severity)
        CGl-I measures clinical change in a "Very Much Worse" (7 score) to "Very Much Improved" (1 score) range
        The CGI-S score obtained at the baseline (initiation) visit serves as a good basis for making this assessment The following question is rated on a
        seven-point scale: ·compared to the patient's condition at admission to the project [prior to medication initiation], this patient's condition is: 1=very much
        improved since the initiation of treatment; 2=much improved; 3=minimally improved; 4=no change from baseline (the initiation of treatment); 5=minimally
        worse; 6= much worse: l=very much worse since the initiation of treatment.··

        Only scores of 1 or 2 or 3 are defined as treatment "responders"
        Score of 3 or less represent clearly observable clinically meaningful manifestation of drug effect

        This implies that the minimal important difference is a change of 1 unit from a CGl-1 of 4 (no change) to a CGl-I of 3 (minimal improvement)


                                                                                                                         iltillllll=El1ll1l·II
                                                                                                                                                         Il
                                                         X
                                                          7
                                                                        X
                                                                         6
                                                                                      X
                                                                                        5
                                                                                                     X
                                                                                                      4            " 3            "2
                                                                                                                                           T
                                                                                                                                                 "1

                                                     Very Much        Much         Mi nimally                   Minima lly       Much        Very M uch
                                                                                                 No Change
                                                       Worse          Wors e        Wor:se                      Im p roved     lmp,oved      Im proved

 ' Busner J, T8fgtim SD. The cliroca/ global impressions scale.· applying a research loo/ in cl,mca/ practice. Psychiatry (Edgroonl), 2007;4(7):28-37,                       10


               Case 1:24-cv-03529-CM                                            Document 23-5                               Filed 08/23/24                           Page 7 of 13


                                                                               ADAMS Scale
                                                             Anxiety, Depression, and Mood Scale (ADAMS)

        The Anxiety, Depression, and Mood Scale (ADAMS) is a measure of anxiety and mood symptoms in
        individuals with intellectual disability. 1 It has been clinically validated for use in Rett syndrome 2 and in
        Fragile X syndrome 3


        The ADAMS generates a total score and 5 subscale scores:
              Manic/hyperactive behavior
              Depressed mood
              Social avoidance
              General anxiety
              Obsessive compulsive behavior

1) Esbensen AJ, Roja Im J, Amen MG, Ruedlicll S. Reliability and validity of an assessme/l/ 1ns/romen/ tor anxiety, depression, and mood among individuals with ment,,t retardatioo. J Autism
    Dev D,sord. 2003;33:617-29 K!u""'r Academ,c Publishers-Plenum Publishers.
2) Bames KV; Coughlin FR, O'Lea,y HM, Bruck N, Baz,n GA, &in<>cke EB, Walco AC, Cantwell NG, Kaufmann WE. Anri<>ty-llke l)ehavK)I" in Reff syndrome: characterislics and assessment t,y
   anxiety scales, J Neurodev Disord, 2015;7(1):30, do,; 10, 11Ws11689-0115-9127-4 Epub 2015 Sep 15.
3) Corr:leiro L. Ballinger E, Hi!!J6rman R. Hess/ D. Clinical assessment of DSM-IV anxo,ty disorders in fra,}ila >< syndrome: prevalanca and charar;terizali-On. J Neurodev Disord. 2011;3.57-oT.
   do/: 10.1007/s11689.()10•~7-y. Epub 2010 Dec 3.
                                                                                                                                                                              anav _            11


                                                                        Primary Endpoint
                                                                                 Primary Efficacy Endpoint
                                                              80
                                                                                       72.2
                                                              70


                                                                                                            p = 0037

                                                                                                                                    38.S


                                                              10


                                                                                   ANAVEX2-73                                      Placebo


                            ANAVEX®2-73 induces a clinical meaningful improvement of RSBQ AUC* in 72.2% of
                             patients as compared to 38.5% on placebo; (p = 0.037)

                             Cohen's d effect size 1.91 (very large)
"Improvement tl,reshold of al leas/ 1 full point in the CGl-1 scale from 'No Change ' (I.e .. 4) to at least 'Minimally Improved' (I.e., 3) or 'Much Improved' (I.e.. 2) or
'Ve,y Much Improved · (i.e .. 1)                                                                                                                                                 :vex           12


          Case 1:24-cv-03529-CM                                        Document 23-5                               Filed 08/23/24                           Page 8 of 13


                                                         Secondary Endpoints
                                                    Secondary Efficacy Endpoints ADAMS and CGl-1


            .                                                                                                     80
                                                                                                                                      72.l
                              "'                                                                                  70
            "'
            .
                                                                                                             '7

                                                                                                             Lo
                                                                                                             ;::- 60
                                           p = 0.010                                                                                                   p = 0.037

            ,.                                                                                                    40
                                                                                                                                                                     38.5


            ,.                                                                                                §. 30
                                                                                                                  20
                                                                                                             a
                                                                                                             u
            IO
                                                                                                                  10

                                                                                                                  0
                         ANil.'a'flQ -73               pi.c.,t,(>                                                                 A.NA\IE:Q•73


      Clinically meaningful and statistically significant reduction of                                      Significantly more patients achieve clinically meaningful CGl-I
      emotional behavioral symptoms (ADAMS) response• for                                                   response'* over the treatment duration in ANAVEX®2-73-treated
      ANAVEX®2-73 treated adult patients with Rett syndrome (52 .9%)                                        group (72.2%) as compared with placebo (38.5%); (p = 0.037)
      vs placebo (8.3%); (p = 0.010)
                                                                                                            Cohen 's d effect size 1.91 (very large)
      Cohen's d effect size 0.609 (large)

• /mprow,meol I/iresllold o/ al /eaS/ -20% c/Jar,ge (lmprovemenl) o/ ADAMS Iota/                   •• Improve men/ lhreshold of al least 1 full point in /he CGl-1 scale from 'No Change·
scorn from baseline
                                                                                                   (i.e., 4) lo al leas/ 'Minimally Improved· (1.e., 3) or "Much Improved' (i.e., 2) or 'Ve,y

                                                                                                                                                                      a
                                                                                                   Much Improved' /i.e., 1)
                                                                                                                                                                                                 13


                                                                    Other Endpoints
                  Quality of Life (QoL) Assessment and Distribution of Seizure Count by Treatment Arm

                                                                                                 ANAVEX2-73                                              Placebo
    Child Health Questionnaire-Parent
    Form 50 (CHQ-PF50)
   The CHQ-PF50 is an internationally
   recognized general health-related                                       60-
   global measure of Quality of Life (Qol)
   encompassing physical and
                                                                                                                                                                                      Treatment
   psychosocial concepts (physical                                                                                                                                                         ANAVEX2-73
   function , psychosocial, behavior, bodily                                                                                                                                               Plocebo

   pain, emotional impact, family
   activities, family cohesion, and general                                20-
   health perception)
   ANAVEX®2-73 demonstrated dose-
   related significant improvement in                                       o-               •                                                               •                 •
                                                                                   0       2'5        5'0              75            I)          2'5        50        75

                                                                                       .
   overall Quality of Life (Qol) measured                                                                                   Seizure counts
   with CHQ-PF50 Total Score (p = 0.030)
                                                                                           ANAVEX®2-73 is associated with a 50.7%
                                                                                           reduction in weekly seizure risk
                                                                                                                                                                                :vex             14


               Case 1:24-cv-03529-CM                                            Document 23-5                           Filed 08/23/24                  Page 9 of 13


                    Biomarkers Increase Probability of Success
                                                                                    Precision Medicine
                                                                                                                             76%
                                                                                                                                                            Patient
                                                                                                                                                            selection
                                                                                                                                                            biomarkers
                                                                                                                 55%

                                                                                   46%                                                                      Higher
                                                                                                                                                            therapeutic
                                                                                                                                                            response
                                                                     28%


                                                                                                                                                            Lower
                                                                                                                                                            variability in
                                                                                                                                                            the target
                                                                                                                                                            population
                                                                  Phase 11to Phase Il l                       Phase Ill to NDNBLA
                                                                 • Without Bi oma rkers            Wi lh Patient Selecti on Biomarkers


Thomas DWel 81. CJ,nicaJ Development Sucoess RB/es 2006-2015. BIO Industry Analysis                                                                              anavex         15


           ANAVEX®2-73 Mechanism of Action for Rett Syndrome
                                     SIG AR1 Activation is                            e efcial i Restoring Neuronal Homeostasis
                                      MECP2 mutation alters                                 S/GMAR1 act1vatlon closes                       ANAVEX®2-73 reverses
                                    synaptic development and                              chromatin to counteract ch ron,c                   behaviora l, motor, and
                                   drives ch ronic cellu lar stress                           cell ular stress, restoring                   synaptic imbalances by
                                      by open ing chromatin 1,2                            mitochondria and synapses 3.4                   activating StGMAR1s. 6 7.a,


                     !
                                                                       l;',:.~:;'i:;::.:~
                       MECP2
                       Aberrant Expression
                       Synaptic Balance


                                                                                                                                                 V
                       Mitochondrial Function


                     f Inflammation
                                                                         Synaptogenesis
                                                                         M,tochondnal Function

                                                                       l
                                                                                                                               l
                                                                          1nflammat1on

                                                                                                                                 GABA
                                                                                                                                 Neurotrophic Factors


                                                                                                                               l
                                                                                                                                 (BONF)

                                                                                                                                  Seizures
                                                                                                                                  Neurodegeneration Markers
                                                                                                                                 (L-AAA)


1/ U et o/.. 2020; 2) Wang eta/ 2020; 3/ Crouzieret o/., 2020: 4/ Lee el al, 2020; 5) Kaufmann et a/, 2019;
ij/ Kaolmann el al , 201!11;,; 7) Lahmy el al, 2015; ~) Lioak el al., 2020; 9) ANAVfaX2-7J-R$-002 Dalo                                                                   :vex   16


             Case 1:24-cv-03529-CM                                        Document 23-5                          Filed 08/23/24                        Page 10 of 13


 GABA a Potential Biomarker, Predicting Clinical Outcome in
           ANAVEX®2-73 Rett Syndrome Study
        In patients with RTT. MECP2                                                                                          • AVATAR efficacy endpoints
        deficiency disrupts the                                                                                                  demonstrated statistically significant
                                                                                                                                 and clinically meaningful reductions
        GABAergic cycle 1, resulting in
                                                                                                                                 in Rett syndrome symptoms with
        decreased GABA, and impaired                                                                                             related changes in potential
        synaptic and mitochondrial                                                                                               biomarkers of disease pathology:
        fu net ion 1.2,3,4.5,s
                                                                                                                             • GABA7was significantly increased
                                                                                                                               (p = 0.0205)
                            GAIAP;athw;rys
                      Otli1t1illll!llo -   Onli-mfl


                                                                                                                             • Gliotoxin L-Alpha-aminoadipic acid
                                                                                                                               (L-AAA) 8 was significantly decreased
                                                                                                                               (p = 0.0392)


1) Jin et Bl., 2015: 2) Chao et Bl., 2020: 3) HBmbergeret Bl. , 1992: 4) l..appB/Binen et Bl., 1996; 5) Neu/ et al., 2020 6) KBufmBnn et Bl., 2005
7} U,e K, Lu H, Wang W, el Bl. RestornlHJn of Meq,2 express,oo m GABAe,gic neurons ,s sufficient to rescue mu/~ple disease featu,es m a mouse model of Rett syndrome. Elite
2016 Jun 21;5:e 14198; 8) Wu HQ, Ungerste<ll U, Schwarci R L-;i/pha~noadipic acl<J as a regulator of kynurenic ar;1rJ proor;c/ion in the hlppocampus· a microdialysis stucly in
freely iooving rats. Eur J PhBrmacol. 1995 Jul 25;2B1(1):55~1                                                                                                              ef\/eX    17


      Safety and Adverse Events During Treatment Period

     ANAVEX®2-73 was well tolerated with
     very good medication compliance of                                                         Adverse Events During the Treatment Period
     95%

     Similar TEAE rates observed in                                                                            ANAVEX®2-73 (n=20)                               Placebo (n=13)
     ANAVEX®2-73 and placebo arms                                                                                     num ber(%)                                  nu mber(%)
                                                                 Patients w th any TEAE                               15 (75.0%)                                    8 (61.5%)
     AEs ~10% were predominantly mild
     or moderate                                                 Patients w th a serious TEAE                          3(15.0%)                                     2(154%)
                                                                 Patients w th a TEAE leading to
     No clinically significant changes in                                                                              2(10.0%)                                      1 (7 7~.)
                                                                 Study D scontinuat on
     vital signs, lab values and ECG                             AEs~10%
     parameters in ANAVEX®2-73 and                               Somnolence                                            4 (20.0%)                                    2 (15.4%)
     placebo groups                                              Loth argy'                                            4 (20.0%)                                    0 (0.0%)
                                                                 Sedation                                              2 (10.0%)                                    0 (0.0%)
     No incidence of diarrhea or vomiting                        Constipation                                          2(10,0%)                                     1 (7.7%)
                                                                 Urinary tract infection                               2(10.0%)                                     1 (7.7%)
     Safety findings are consistent with the
                                                                 Hypophagia                                            2(10,0%)                                     0 (0.0%)
     known safety profile of ANAVEX®2-73
                                                                 Sk n rash                                             2(10.0%)                                     1 (7.7%)
                                                                  1 Medical history of Somnolence in 3 patients; 1 severe, all oHlers mild

                                                                  ' All mold


                                                                                                                                                                              :vex   18


     Case 1:24-cv-03529-CM                   Document 23-5               Filed 08/23/24             Page 11 of 13


                                         Overall Summary
                     Phas 3 AVATAR Clin·cal Tr"al for            tlul Paf nt with Rett Syndrome
Primary (RSBQ AUC ; p = 0.037) and secondary (ADAMS; p = 0.D1 0); (CGl -I; p = 0.037) efficacy and safety endpoints met
Efficacy endpoints demonstrated statistically significant and clinically meaningful reductions in Rett syndrome symptoms
with related changes in potential biomarkers of disease pathology:
 •   GABA was significantly increased (p = 0.0205)
 •   L-Alpha-aminoadipic acid (L-AAA) was significantly decreased (p = 0.0392)
Convenient once daily oral liquid doses of up to 30mg ANAVEX®2-73 were well tolerated without safety concerns identified
Confirmed dose-response:
 •   RS-001 study 5mg ANAVEX®2-73 dose RSBQ AUC Cohen's d (effect size) of 0.517
 •   RS-002 study 30mg ANAVEX®2-73 dose RSBQ AUC Cohen's d (effect size) of 1.91
Analysis of weekly seizure counts indicated that relative to placebo, ANAVEX®2-73 is associated with a 50.7% reduction in weekly
seizure risk
ANAVEX®2-73 demonstrated dose-related significant improvement in overall Quality of Life (QoL) measured with CHQ-PF50
(p = 0.030)
Key milestone met to advance regulatory approval pathway for adult patients with Rell syndrome
Discussing with FDA a pathway for potential approval of ANAVEX®2-73 for adult patients with Rett syndrome
                                                                                                                    -.vex      19


                                        Acknowledgments


                                 We thank all the patients and their family members
                 participating in the Rett syndrome ANAVEX®2-73-RS-002 study, as well as the
      investigators and their staff conducting these studies and the global Rett Syndrome Associations.


                                                                                                             dn~vex            .o


            Case 1:24-cv-03529-CM                                        Document 23-5                       Filed 08/23/24                      Page 12 of 13


Broad Pipeline Platform Targeting Neurodegenerative and Neurodevelopmental Autism Spectrum
                        Disorders with Significant Unmet Medical Need
            CAttOIDATI:'.                                       PRE,CLINICAL                       PHASE 1                           PHASE2


                                               ALZHEIMER'S DISEASE                                                                       AD ANAVEX 0 2-73-AD-004
             ANAVEX 0 2-73
                                                                                                             -- -------- ------ ------ ----- ------ ----- ---
            (Blorcameslne)
                                                                                                             -- -------- -- ---------- ------------- ----- --
                                               PARKINSON'S DISEASE DEMENTIA                                              ANAVEX 0 2-73~DD--001

                                                •RITT SYNDROME                                                                      EXCELLENCE ANAVEX 0 2-73-RS-003
                                                                                                                                                                Fast Tra ck1 Rare Pediatric.
                                                •RITT SYNDROME                                                           U S ANAVEX 0 2-73-RS-001
                                                                                                                                                                Orphan Drug (U. S./EU)
                                                                                  .,                                                      AVATAR ANAVEX 0 2-73-RS-002

                                                •INFANTILE SPASMS
                                                                                                                                                                       -·- ...... ··-
                                               FRAGILEX
                                                                                                                                                                       ............
                                               ANGELMAN'S            (ml
                                               UNDISCLOSED RARE DISEASE

                                               •FRONTOTEMPORAL DEMENTIA (FTD)                ANAVEX 0 3-71--001
             ANAVEX 0 3-71                                                                                           )Ill

                                                ...
                                               SCHIZOPHRENIAS                                                                                              lo
               (AF710B)
                                               ALZHEIMER'S DISEASE


             ANAVEX 0 1-41                      STROKE
                                                                                             • Differentiated clin ical-stage CNS assets
                                                NEURODEGENERATIVE DISEASES
                                                                                               targeting significant and growing markets
                                                VISCERAL PAIN                                • Patent protection to 2030-2039 , worldwide rights
                                                ACUTE & NEUROPATHIC PAIN                       for all product candidates
•   o,pt,an Onlg Dasignation by FDA; Dashed lines indicate planned clinical s/udies                                                                             onove                     21


Anavex is the only Company
                                                                                              PRECISION MEDICINE PLATFORM IMPROVES CHANCE
pursuing                 by                                                                   OF CLINICAL SUCCESS
Applying                      to
Develop Treatments for both                                                            V            Testing for biomarkers demonstrated improved clinical
                                                                                                    response to ANAVEX®2-73 in Rett syndrome ,
                                                                                                    Parkinson's and Alzheimer 's patients correlated with
              CNS diseases                                                                          mRNA SIGMAR1 gene expression

(Alzheimer's, Parkinson's), as
well as                                                                                      STRONG IP POS ITION AROUND NOVEL MECHANISM
                    diseases,                                                          /A OF A~;:~~X®2 -73 , is an ora ll y available Sigma-1
Rett Syndrome with High Unmet                                                          "            receptor agonist that has been shown to restore
                                                                                                    homeostasis (composition of matter patent protection
Needs                                                                                               to 2037)


                                                                                       •
                                                                                             COMPELLING HUMAN DATA PLATFORM
                                                  2018 Alzheimer'sAssoeialion
                                                                                                ANAVEX®2 -73 Phase 3 and Phase 2 in Rett
    OVERARC~IINGMESSAGE                                                                         syndrome , Phase 2 Parkinson 's disease dementia
    A                                             to add ress the                               (POD) and Phase 2a trial in Alzheime r's disease with
                                                                                                favorable safety and exp loratory efficacy resu lts
    tota lity of CNS diseases                                                                   through 148 weeks
                                                                                                                                                                        :vex              22


Case 1:24-cv-03529-CM                                                             Document 23-5                                                Filed 08/23/24                                           Page 13 of 13


                                                                                          Contact Us


                                                                                          References
  C,Oia,i,, L eo-.iI:, S Roque-a C, l""elElr C BElllcMe, R, Ar,guel JB<:quemln ""· BooettoA.. D~reit B, Mauno&T. Sigma-, (a1jf8Cep,11Y .acii~ ly iii 11'8CElbl>.3'}' kll'Phre!Dklglcal llra,11 plaebcty In m,oe Ellf
  ~europ,;yd,oph;mn.,CDI 2(120 Od:39 29-45 l1ol 10 1016,lj i:tJrnn~uro 2020 08 010

  tt.,r.tshi T Su TP" Si.ginit-1 r~~pklr d1.:1pero11es.itl 1t11~ ERr11irocho11drion inl.t!rfit0e regul.:!!e Ca(2•)s~n!!tmy 1111d ot!ll surviv~ Cell. 2007 No~ 2 131(3).596-610. doi. 10.1D16.•j ~1.2007.08.03.EI

  l(eufmM'ln WE S~IJlie J. Retl0'""9 N. Haner,111 T Klami;ir D. Mlsslil'l!J CU ANA'VEX©2-f3.(tllercarn9illl4!/. a Sl!lma-1 r909Ptor 9gonl&t Bn1ellQJate& n0vrok)glc1mp                       miB'f!tEi In a mou:e,,e m:idl;ll   Flelti;~mtome
  Ph1nm:2col Biochcr11 Beh;:i-.,_ 2019  187.17279113 dai. 10.1D1EI~ pbb.2019. 172796
  l(aufmann WE. Pett:-/ A¥. Lane JB. OD8fl'Tl1111 LM Touta,n S. F«iroch JA, ~IS611ng CU Treelrn~of Aet1 &:;ndrome                    ..,.,th the :sigma-1 recep1orblareame&lne prel1n,r1111")' effcacyanaty.&es lnadul15 NORD R11re
  Di~.:12!1 zmd Orpho,m Producl.!i 6r~k1!1rough Surrir11il (1:1bslntct/, Oe1olit!1 2t-22 20Hfu W1t!ihlr1glon.. 0 C

  Lahmy V, Loog Fl. Mc,rin D Vd~ V, "'1aur,ce T.            toctlondrl&I prol&etlon by lhe mlJ:edmo&CllftOO'o1 Ilg.and A.NAVEX2-73, a 1e-trah)'iittll'uren <IE!rfo'atr.-&, In ~25-J5 p~t.::10-tflle<::le<I me&, a 00fllran!19er11c
  AILJ-11Smt!r'11, di=i:tsl!; modt!I. frcnl Ct!II Nl!;urc5ci. 2015 Ja11 20,8.463 dui 10 3J891rnce1 2(] 14.00463

  Lee r,r, L~B JC, Warig 5M Clluang JY. KflalM B. Wu HE Chaing WC "'6urk:e T, 5U TP 51ii,"lll-1 r~tor Chap,erooes f89CW NdeocylOplaemle 1ranepCft de1d &eefl.11(1 Ol!Qulaf aNI Dro&apll•la ALS1'FTO
  mcJd~ Ni:itCcmmu11 2020 Ne"' 4, 11f1).5580. deli. I0.1038,'s.41467-020-19396-l

  LI CH COIT,ey EL, Dall'AQ(lea.8 A, Htlnl'l&tl NIV Tang X, l·tt,,m,nge, JE. Platt~ a.,91J2 0, zamudio Al/. AIEl~llfl U:, Sct11.lyllrs J, Liu XS, ""'3rk0Ulakl S, Lur,g1ang\'!a T, LeRoy G S.-.oboda OS, Wogram E LEie Tl,
  J.1cm ,;r.h R. Yeung RA Mr.CP:1' lr,ks hr.tcm:ir.lwmilliri <:ondr.,ns..,brls :md nr.urodcimlopmr.,nt,1.1 di~case N;ilum 2020 Oct:5~7829)·440-444 doi· 10 1038,'s.41 Sl!B..o:20.2574-4

  Usak RP, NedeU.o::.-.S L Befljam ns JA S."ilma-1 racep'lof agoolat::1 as po1.&ntial proh,,c\i~e ller.eplee In mulcile ederol>l8. J NeurCNmmWl<ll. 2020 Fell 21,3~2 57718B. <10, 10.1016JJ.lneuro.m 2020 517188

  Mori T Ha)'a91I T. H;n'Btih E Su TP S.sim1t--1 recep1or Chaperone at the ER-fTlltochondron lnler1ece lll9dli:tles t,e mltocilofldnon-ER-nuele~ sl!J{lallnsi 1c,- oeUular 61.lr'IIYal PloS On,e 2013 Ocl 1B:BI10) er6941
  dol.10.1371~oumlll pooe0076941

  'Villard V. EspaJte111ues J Keller E et al Anti..amn~lc al'd ~ellf'Oprolle~ 1)(1'8ntiH- of~,e m :red muscannlc f'8<:81lli0ri:sigma 1 (01) lgand AN.r..VEX2-/J 111 ~ I amlno'8lrah~rofuran clenvab"8 J
  Psyc:haplwnl\aOUI 2011 Al.Jg 2D11,25(8).1101-17

  War,g L Hu M Zuo      ,-,,,o_ Zhao J Wu D. 1-klar"".il L Wil'l Y LI Y Chen F', Bao X Dor,g MC:!, LI G UP Rett syl'l(Jt'OO'l9-GSU&tfl!;I mutatloos compromM Mec.F'2-med\a'9d llr:,Jh1-• ci1.11d pha:se 581JSr.ition of chroma_,
  Cell Rt!5. 2020 P.\.:sy,30(5) 3.93-407 dorr 1D.100B.i541422-<120-02!18-7

  Ct,.;io HT Ctie,, H Samaco RC X1Je M Ctiahrour M, Yoo J ~ I JI. 64 al D)'-&fun<:lkirl lfl GA.BA &l!JflallFig mectate& autii;rn-1                  &tereotyples al'l(J Re11 :!io~rom8 pherlotyp81i Nature 2010 No..-11 .1116$!f32:1)·263-9
  doi 10 103&'ni:tlure095.a2

  Hairtierver A, G I ~ C, PBlnl A 1-ldgbe,g B. Ele~a1e<I C.SF v1utama1tt In Rett O)'fldromB Ne,m:flelilatrlca 1992 Aug 23(-41.212:-3. <IOI. 10.1oss,·e.-2008-10713'1ll
  Jin 1.W. Honuchi M WulH H. l,Ju XB Cor11JJ1.1!u;i Gill. Endu1r1 JO. M.,r,.i;aw,;i I Dy,;~uL,ton cf glul;wrnnn ••m,;jlClrtcr SN.A.Tl ,n Rctt ,;yndramr., mir.mgl~, ;a mr.d!.,ni~m For mitachaidn.,1 dyslunclKln ;and
  rieurolc>Ad~. J Neoroscl. 2015 Feb 11,J5161.2516-29 001. 10.1523/JNEUROSCl.277B-14.2D15
  K.,ufrn.1Tifl WE. Jotin,;ton Ml/, Blut1 r,.i E Mr.CP2 r-xprr-.,;~il)lt .ind frJnr.tion d.1ring br.a'1 dcvr.Jopmr.nt implc.1bon~ ftir Rr.tt ,;:,nliromr."s p,,ittiogr.nr.:-.,~ ;md cinir~ r.,v,oiuhOfl Br.iin Or.y 2005 t,,lcw 27 SuFJ!I 1·S77-S87
  1101 10 1016,'j 1>ra1n<1e~.2~.1D.008

  Lappalain,en Fl R kon&n RS Hl;ih leYel& of oeretro&p nal lluh:t ~tamale In Rett &"~l'l(JtOIJ'le Pedl~r Neurol 1996 Oct H,{3}21~ dol· 10 1016ts08Bt-8994({)6)0021S-4
  N~ul JL SJw,n~ SA. Armet1e f Lane J. Ht!yder11i:iru1 P' Jare11, M, Kl!Ufn'll!lnn WE Gl.:!Lt!              P ~ AK M~labolil: Siyna!ure11, Difft!~nlii:ill!I Rt!l! Syndron,e frcrn UrllLffl!ld.t!d Slilir,g11, Frcr1I lnlft!Jf ~rD:M:i. 2020 Ft!b
  2~14·/ dol· 1033,8.9,'tn,nt2:02000001


                                                                                                                                                                                                                                dn~vex                •4