Cassava Sciences plunges 40% after simufilam researcher indicted on fraud charges [Seeking Alpha]
Cassava Sciences, Inc. (SAVA)
Last cassava sciences, inc. earnings: 8/12 08:30 am
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Source: Seeking Alpha
The charges against CUNY School of Medicine Professor Hoau-Yan Wang for falsifying data are regarding Cassava's Alzheimer's drug, simufilam, that Wang used to apply for NIH grants. A total of $16M was awarded to Cassava based on Wang's data, according to the indictment. He is charged with one count of major fraud, two counts of wire fraud, and a single count of false statements. "From approximately May 2015 through approximately April 2023, Wang allegedly engaged in a scheme to fabricate and falsify scientific data in grant applications made to the NIH on behalf of himself and the biopharmaceutical company," a Justice Department news release reads. The $16M in grants was dispersed between 2017 and 2021, "part of which funded Wang's laboratory work and salary," according to the DoJ. In March, Science magazine obtained a copy of an FDA inspection report of Wang's CUNY lab conducted in September 2022 finding that Wang used improper statistical tests and noting that university of
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SAVA
News
- Embattled Alzheimer’s Researcher Is Charged With Fraud [The New York Times]The New York Times
- Cassava Sciences Issues Statement on Former Science Advisor [Yahoo! Finance]Yahoo! Finance
- Cassava Sciences Issues Statement on Former Science AdvisorGlobeNewswire
- Lifshitz Law PLLC Announces Investigations of Cassava Sciences, Inc. (NASDAQ: SAVA), iRhythm Technologies, Inc. (NASDAQ: IRTC), Xponential Fitness, Inc. (NYSE: XPOF), and Amylyx Pharmaceuticals, Inc. (NASDAQ: AMLX)Accesswire
- Cassava Sciences, Inc. (SAVA)'s Technical Outlook is Bright After Key Golden Cross [Yahoo! Finance]Yahoo! Finance
SAVA
Earnings
- 5/10/24 - Beat
SAVA
Sec Filings
- 5/22/24 - Form 8-K
- 5/22/24 - Form 4
- 5/22/24 - Form 4
- SAVA's page on the SEC website