Cassava Sciences shares are trading lower after the SEC charged the company, two former executives for misleading claims about Alzheimer's clinical trial.
Portfolio Pulse from Benzinga Newsdesk
Cassava Sciences shares fell after the SEC charged the company and two former executives with making misleading claims about an Alzheimer's clinical trial.
September 26, 2024 | 10:00 pm
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Cassava Sciences is facing SEC charges for allegedly making misleading claims about an Alzheimer's clinical trial, leading to a drop in its stock price.
The SEC charges are significant as they directly relate to the company's credibility and its Alzheimer's research, which is a core focus. This legal issue is likely to negatively impact investor confidence and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100