Cassava Sciences Stock Rises On Interim Safety Review Of Simufilam Phase 3 Trials
Portfolio Pulse from Vaishali Prayag
Cassava Sciences announced the completion of an interim safety review for its Alzheimer's drug candidate, simufilam, in Phase 3 trials. The review, conducted by an independent board, recommended the trials continue without changes. The trials are fully enrolled with over 1,900 patients, and results are expected by the end of 2024 and mid-2025. Cassava's stock rose by 3.28% following the announcement.
September 24, 2024 | 3:04 pm
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Cassava Sciences' Alzheimer's drug simufilam passed an interim safety review in Phase 3 trials, leading to a 3.28% rise in stock price. The trials will continue as planned, with results expected by 2024 and 2025.
The completion of an interim safety review without any recommended changes is a positive development for Cassava Sciences, as it suggests the drug is safe to continue testing. This news likely contributed to the 3.28% increase in stock price, indicating investor confidence in the drug's potential.
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