SAVA Stock Alert: Former Cassava Science Advisor Charged With Fraud
SAVACassava Sciences(SAVA) Investor Place·2024-07-01 22:40

Shares of Cassava Sciences (NASDAQ:SAVA), which has an Alzheimer’s drug candidate called simufilam, fell 35% on June 28 and another 13% over the weekend. This move in SAVA stock comes after a key science advisor was charged with defrauding the National Institutes of Health (NIH). Indeed, Hoau-Yan Wang, a professor at the City University of New York (CUNY), was charged with fraud of over 16millioningrants.Cassavaopenedtodayatabout16 million in grants. Cassava opened today at about 10.70 per share, far from its June 28 opening price of nearly $19 pe ...