December 22, 2024

Cassava Sciences settles SEC charges of ‘misleading’ Alzheimer’s trial claims

 Cassava Sciences settles SEC charges of ‘misleading’ Alzheimer’s trial claims

Cassava Sciences settles SEC charges of ‘misleading’ Alzheimer’s trial claims

Shares of Cassava Sciences Inc. dropped more than 10% in the extended session Thursday after announcing a settlement with U.S. securities regulators, who had charged the pharma company and two former executives for “misleading claims” about an Alzheimer’s clinical trial.