Cassava Sciences shares are trading lower. The company announced the top-line clinical results from its Cognition Maintenance Study where oral simufilam in patients with mild-to-moderate Alzheimer's slowed cognitive decline.
Portfolio Pulse from Benzinga Newsdesk
Cassava Sciences announced the top-line clinical results from its Cognition Maintenance Study where oral simufilam in patients with mild-to-moderate Alzheimer's slowed cognitive decline. However, the company's shares are trading lower.
July 05, 2023 | 2:07 pm
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Despite positive clinical results, Cassava Sciences' shares are trading lower.
Cassava Sciences announced positive results from its Alzheimer's study, which would typically be expected to boost the company's stock. However, the shares are trading lower, indicating that the market may have already priced in this news or there may be other factors at play affecting the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100