'Pharma Bro' Martin Shkreli Tells Investors To 'Short SAVA,' Stock Falls Over 80% After Phase 3 Update
SAVACassava Sciences(SAVA) Benzinga·2024-11-26 00:07

Cassava Sciences SAVA stock is falling Monday after the company shared an update on its Phase 3 trial for a treatment for Alzheimer's disease that has been widely followed by the market.Martin Shkreli, a well-know figure in the pharmaceutical space, predicted the stock’s crash Sunday night.What Happened: Cassava Sciences reported that its Phase 3 topline results for the ReThink-ALZ study on Simufilam did not meet primary endpoints, sending shares significantly lower to start the trading week.The company sai ...