Legal Investigations Intensify for Investors of Cassava Sciences Amidst Controversy
Legal Investigations Intensify for Investors of Cassava Sciences
Faruqi & Faruqi, LLP, a prominent national securities law firm, has recently commenced an investigation surrounding potential claims against Cassava Sciences, Inc., commonly known for its top drug candidate, simufilam. This inquiry raises important questions about the company's transparency and the impact of its public statements on its investors.
Background of the Investigation
The investigation primarily targets claims from investors who acquired Cassava securities between February 7, 2024, and November 24, 2024. The catalyst for this scrutiny stems from alarming revelations about Cassava's flagship Alzheimer's Disease treatment, simufilam. Allegations have surfaced suggesting that while Cassava portrayed an unwavering confidence in simufilam's efficacy, it simultaneously concealed crucial information that could have influenced investors' decisions.
On November 25, 2024, Cassava released disappointing results from the initial Phase 3 study, referred to as the
Topics Financial Services & Investing）
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