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-0.00393498716852005 -0.00222070145423444 0.00122497861420011 -0.0194696321642429 -0.058590248075278 -0.0682634730538922 -0.103240376390077 -0.128999144568007
Stock impact report

What's Going On With Alzheimer's-Focused Cassava Sciences On Tuesday? [Yahoo! Finance]

Cassava Sciences, Inc. (SAVA) 
Last cassava sciences, inc. earnings: 8/12 08:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
to resolve SEC charges over misleading statements related to a Phase 2 trial of the company's controversial Alzheimer's drug, simufilam The SEC also charged Hoau-Yan Wang , a consultant and co-developer of the drug, with manipulating trial results. In an open letter, Cassava President and CEO Rick Barry emphasized that the settlement, though financially significant, was necessary for the company to refocus its efforts. The firm expressed that this decision allows it to concentrate on simufilam's development without ongoing distractions from regulatory issues The SEC's investigation found that in September 2020 , Cassava disclosed manipulated data from the trial, which falsely suggested dramatic improvements in Alzheimer's biomarkers like total tau and phosphorylated tau. The CEO added, “In sum, we have been able to put the SEC's three-year investigation of Cassava behind us by agreeing to settle a charge of negligently making inaccurate disclosures related to our 2020 Phase Show less Read more
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