Press release
Investigation announced for Investors who lost money with their investment in Cassava Sciences, Inc. (NASDAQ: SAVA) shares
An investigation for investors in Cassava Sciences, Inc. (NASDAQ: SAVA) shares over potential securities laws violations.
Investors who purchased shares of Cassava Sciences, Inc. (NASDAQ: SAVA), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Cassava Sciences, Inc. (NASDAQ: SAVA) concerning whether a series of statements by Cassava Sciences, Inc. (NASDAQ: SAVA regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Austin, TX based Cassava Sciences, Inc., a clinical stage biotechnology company, develops drugs for neurodegenerative diseases. Cassava Sciences' lead therapeutic product candidate is simufilam, a small molecule drug, which is completed Phase 2b clinical trial.
On April 18, 2022, The New York Times published an article entitled "Scientists Question Data Behind an Experimental Alzheimer's Drug." The article addressed Cassava Sciences' experimental Alzheimer's drug, simufilam, and reported that one of Cassava Sciences' advisers, Dr. H.Y. Wang, had five papers he authored retracted from the scientific journal PLoS One after an in-depth investigation revealed "serious concerns about the integrity and the reliability of the results."
Shares of Cassava Sciences, Inc. (NASDAQ: SAVA) declined from $62.49 per share on February 10, 2022, to as low as $15.72 per share on May 12, 2022.
Those who purchased shares of Cassava Sciences, Inc. (NASDAQ: SAVA) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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