Why Cassava Sciences Stock Dived by Almost 11% Today [Yahoo! Finance]
Cassava Sciences, Inc. (SAVA)
Last cassava sciences, inc. earnings: 8/12 08:30 am
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Source: Yahoo! Finance
It's going to reach deep into its coffers to settle charges brought by the most important financial-markets regulator governing its affairs. Many investors had enough of the company and sold off its stock to the point where it lost nearly 11% of its value across the Friday trading session. That was a far steeper fall than the 0.2% sag of the S&P 500 index on the day. A $40 million settlement Before market open, Cassava announced that it has reached agreement with the U.S. Securities and Exchange Commission (SEC) to settle allegations of negligence-based disclosures. The clinical-stage biotech is to pay $40 million in cash in the settlement, and as part of its terms is neither admitting nor denying the allegations. The SEC had investigated Cassava's statements about a phase 2b clinical trial of simufilam it had made in 2020. This is an investigational drug aimed at treating Alzheimer's disease. It has since advanced to phase 3 testing. That payout will put quite a dent in Cas
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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