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Anavex Thumped On SEC Subpoena, Probe

This article was originally published in Scrip

Executive Summary

Shares of Anavex Life Sciences Corp. were smacked on Dec. 29 – tumbling as low as 21.2% in morning trading – after the company revealed it had been hit with a subpoena from the Securities and Exchange Commission (SEC) declaring it was conducting a formal investigation of the firm.