Shares Of Cassava Sciences Sell Off Sharply After The Publication 'Science' Reported Co-developer Of Cassava's Potential Alzheimer's Drug Cited For 'Egregious Misconduct
Portfolio Pulse from Charles Gross
Shares of Cassava Sciences have plummeted following a report by 'Science' that a co-developer of Cassava's potential Alzheimer's drug has been cited for 'egregious misconduct'.
October 12, 2023 | 9:30 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Cassava Sciences' stock price is likely to be negatively impacted in the short term due to the misconduct allegations against a co-developer of its potential Alzheimer's drug.
The misconduct allegations against a co-developer of Cassava's potential Alzheimer's drug have led to a sharp sell-off of the company's shares. This negative news is likely to continue to put downward pressure on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100