Analysts Are Neutral on Top Healthcare Stocks: Anavex Life Sciences (AVXL), IO Biotech (IOBT)We expect Anavex will resubmit the MAA in 1H26. We note that the FDA advised Anavex to request a meeting to discuss the clinical trial results in AD, indicating their interest in the program. There are too many unknowns, and December meeting minutes will clarify the reasons for the negative CHMP opinion. Anavex could be re-analyzing the data based on SIGMAR1 wildtype or APOE4 biomarkers, and we would have to see the data first before making any changes to our rating.