Anavex Comments on Failure of Pfizer and Medivation’s Dimebon

Geneva, Switzerland — March 3, 2010 — Anavex Life Sciences Corp. (“ANAVEX”) (OTCBB: AVXL) today issued a statement following today’s announcement from Pfizer and Medivation (NASDAQ:MDVN) that their investigational Alzheimer’s drug Dimebon did not meet either its co-primary or secondary endpoints compared to placebo during pivotal Phase 3 clinical trials. “While this is disappointing for…