Cassava Sciences shares drop in pre-open trade after $40 mln SEC settlement [Yahoo! Finance]
Cassava Sciences, Inc. (SAVA)
Last cassava sciences, inc. earnings: 8/12 08:30 am
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Source: Yahoo! Finance
The charges stem from an SEC investigation into statements made by the company regarding the results of its 2020 Phase 2b clinical trial of simufilam, an experimental treatment for Alzheimer's disease. Cassava Sciences, Inc. settled the charges with the SEC, agreeing to pay a $40 million penalty, without admitting or denying the SEC's allegations. Cassava stated that it fully cooperated with the SEC and has since implemented remedial measures. The $40 million penalty will impact the company's financials for the second half of 2024. Cassava also addressed a separate investigation by the U.S. Department of Justice (DOJ), stating that it does not expect criminal charges or a resolution to be brought by the DOJ's Criminal Division. In July, the company announced several changes to its leadership and corporate governance, including the appointment of Richard Barry as executive chairman of the Board and his transition to chief executive on September 6. “We can now focus all of ou
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SAVA
News
- Cassava Sciences Appoints Freda Nassif as Chief Commercial Officer [Yahoo! Finance]Yahoo! Finance
- Cassava Sciences Appoints Freda Nassif as Chief Commercial OfficerGlobeNewswire
- Is Cassava Sciences (SAVA) Outperforming Other Medical Stocks This Year? [Yahoo! Finance]Yahoo! Finance
- What Makes Cassava Sciences (SAVA) a New Buy Stock [Yahoo! Finance]Yahoo! Finance
- Cassava Sciences, Inc. (NASDAQ: SAVA) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $116.00 price target on the stock.MarketBeat
SAVA
Earnings
- 11/7/24 - Beat
SAVA
Sec Filings
- 11/20/24 - Form 4
- 11/20/24 - Form 3
- 11/20/24 - Form 4
- SAVA's page on the SEC website