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Scott + Scott, LLP Reminds Investors of Deadline to File Lead Plaintiff Papers in Anavex Life Sciences (AVXL) Securities Lawsuit

Scott + Scott, LLP, a global investor rights law firm, reminds investors
that Monday, February 29, 2016 is the deadline for filing lead
plaintiff papers in the securities lawsuit against Anavex Life Sciences
(AVXL). To get information on filing lead plaintiff papers, go to:
You can also contact Joseph Halloran at (646) 582-0121 or email
for information about the lead plaintiff deadline.

About the Lawsuit

The securities complaint alleges that Anavex issued misleading
statements and failed to disclose that the Company had used a paid stock
promoter to artificially inflate the Company’s share price. On December
29, 2015, Anavex disclosed that it had received a subpoena from the SEC
on December 22, 2015. Anavex stated, in part, that “[t]he Company
believes the subpoena and investigation relate to the recent unusual
activity in the market for the Company’s shares.” Then on December 30,
2015, Seeking Alpha published a report entitled “Anavex: A
Regulatory Target Damaged By Incriminating Evidence.” On this news,
Anavex stock fell $0.78, or 12.42%, to close at $5.50 per share.

Scott + Scott, LLP has significant experience in prosecuting major
securities, antitrust, and employee retirement plan actions throughout
the United States. This release may be considered attorney advertising
in some jurisdictions under the applicable laws and ethical rules.

Scott+Scott, Attorneys at Law, LLP
Joseph V. Halloran,

Updated: February 23, 2016 — 10:27 pm
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