Exhibit 23.1

CONSENT OF INDEPENDENT AUDITORS

We consent to the incorporation by reference in the registration statements on Form S-8 (Registration Nos. 333-98245, 333-48088 and 333-103129) and Form S-3 (Registration Nos. 333-76234 and 333-103130) of our report dated February 5, 2003 (with respect to Note B [9], March 25, 2003) on our audit of the financial statements included in the 2002 annual report on Form 10-K of Axonyx Inc.  We also consent to the reference to our firm in the “Experts” sections of the registration statements on Form S-3.

Eisner LLP (formerly Richard A. Eisner & Company, LLP)

New York, New York

March 28, 2003