Cassava Sciences Can Recover Despite Harsh Allegations

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Cassava Sciences Can Recover Despite Harsh Allegations

InvestorPlace2021-09-22

SAVA stock is down, but the rebound could be swift as Cassava's CEO goes on the offensive. Since biotechnology company Cassava Sciences Inc is working hard to fight Alzheimer’s disease, it might be ...

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Vikkilai
·2021-09-22
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neoh
·2021-09-22
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SG小鸭子
·2021-09-22
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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCassava Sciences Can Recover Despite Harsh Allegations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-22 17:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/09/cassava-sciences-sava-stock-can-recover-despite-harsh-allegations/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SAVA stock is down, but the rebound could be swift as Cassava's CEO goes on the offensive.\n\nSince biotechnology company Cassava Sciences Inc is working hard to fight Alzheimer’s disease, it might be ...</p>\n\n<a href=\"https://investorplace.com/2021/09/cassava-sciences-sava-stock-can-recover-despite-harsh-allegations/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SAVA","symbol_name":"Cassava Sciences Inc","start_time":0,"source_url":"https://investorplace.com/2021/09/cassava-sciences-sava-stock-can-recover-despite-harsh-allegations/","article_id":"1113970291","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1113970291","pubTimestamp":1632304416,"columns":[],"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"SAVA stock is down, but the rebound could be swift as Cassava's CEO goes on the offensive.\n\nSince bi","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SAVA":"Cassava Sciences Inc"},"translate_title":"木薯科学可以恢复尽管严厉的指控","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SAVA":0.9},"content_text":"SAVA stock is down, but the rebound could be swift as Cassava's CEO goes on the offensive.\n\nSince biotechnology company Cassava Sciences Inc is working hard to fight Alzheimer’s disease, it might be surprising to know that the company has some harsh critics. There’s a lot of drama going on with Cassava, and SAVA stock traders need to be aware of the latest developments.\nJust to give you a primer, Cassava Sciences is developing an Alzheimer’s disease drugcalled simufilam. This drug is is Phase 3 ready in 2021, according to the company.\nMore specifically, after an End-of-Phase 2 meeting with Food and Drug Administration, Cassava received two FDA Special Protocol Assessments for future Phase 3 studies with simufilam. So, until the recent drama started, things seemed to be running smoothly for Cassava Sciences.\nBut, that’s how it goes in the markets sometimes. Today, we’ll try to sift through the rumor mill and extract the facts — and along the way, observe a swift and potent response from Cassava’s CEO.\nSAVA Stock at a Glance\nGenerally speaking, biotechnology stocks are prone to bouts of volatility. When Reddittraders get involved, the volatility can be greatly amplified.\nSAVA stock is a perfect example of this. The share price started out near $7 in early January, but it seems that the short-squeeze crowd pushed it up to the $80 level in early February.\nAfter that rally fizzled, the share price retreated to $34 in April. Yet, the buyers were apparently just taking a breather as another run-up was about to commence.\nIt was quite a memorable summer as SAVA stock rocketed to a 52-week high of $146.16 on July 28. Unfortunately, like the previous rally, this one wasn’t destined to last very long.\nWithout a doubt, some scathing allegations against Cassava Sciences contributed to the share price’s decline below $50 in September.\nSo, let’s delve into the back-and-forth between this fascinating biotech firm and its fierce detractors.\nA Whistle Is Blown\nSurely, it’s not a coincidence that SAVA stock tumbled immediately after a would-be whistle-blowerasked federal regulatorsto halt the clinical trials of simufilam.\nThis was brought on by Jordan Thomas, a partner and chair of the whistle-blower representation practice at Labaton Sucharow.\nThomas also happens to be a former Securities and Exchange Commission enforcement lawyer.\nReportedly, Thomas’ firm posted a “statement of concern” on a U.S. government website.\nIn it, the law firm raised “concerns about the quality and integrity of the laboratory-based studies surrounding this drug candidate.”\nThe firm took issue with how simufilam was tested, claiming “a long-standing pattern of seemingly intentional data manipulation and misrepresentation in scientific papers and corporate disclosures.” Furthermore, the statement alleged that there was a “volume of problematic material uncovered in publicly available sources.”\nIt even suggested the possibility of “scientific misconduct and data manipulation.”\nShort and Distort\nA potential rebound of SAVA stock will, to a certain extent, depend on Cassava Science’s ability to respond effectively to these allegations.\nThe investors should be glad to know that the company’s CEO is standing up and fighting back.\nChairman of the Board, President and CEO Remi Barbier swiftly issued apublic statementabout the matter.\nBarbier called the allegations “false,” but that was just the beginning. The CEO asserted, “Two days after issuing their report, the law firm disclosed that they represent clients who have a short position in Cassava stock.”\nIn other words, Barbier is pointing out the firm’s alleged vested interest in publishing critical statements about Cassava Sciences.\nHe called this tactic “short and distort,” and declared that “There is an enormous profit motive at work. As previously noted, after the allegations were made public, which is to say after the damage was done, the law firm issued a press release admitting its anonymous clients ‘hold short positions in Cassava stock.'”\nIf what Barbier is saying is true, this would cast a dark shadow on the law firm’s motives. It would also call the veracity of the firm’s allegations into question.\nThe Takeaway\nAs you can see, things are getting interesting with Cassava Sciences. The investors will need to stay tuned to monitor how the drama unfolds.\nIt’s possible that the worst-case scenario — halting the advancement of simufilam permanently — has already been priced into SAVA stock.\nAnd if that’s the case, then any good news could send the share price higher.\nIn the meantime, keep your stock positions small, and always check for financial motives whenever you see whistle-blowers blowing whistles.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":869553672,"gmtCreate":1632308290096,"gmtModify":1676530748310,"author":{"id":"3550480657175062","authorId":"3550480657175062","name":"Vikkilai","avatar":"https://static.itradeup.com/news/d30982eb743a47b466a91dbc6d1be49e","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"3550480657175062","authorIdStr":"3550480657175062"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/869553672","repostId":1113970291,"repostType":4,"repost":{"id":"1113970291","kind":"news","pubTimestamp":1632304416,"share":"https://ttm.financial/m/news/1113970291?lang=&edition=fundamental","pubTime":"2021-09-22 17:53","market":"us","language":"en","title":"Cassava Sciences Can Recover Despite Harsh Allegations","url":"https://stock-news.laohu8.com/highlight/detail?id=1113970291","media":"InvestorPlace","summary":"SAVA stock is down, but the rebound could be swift as Cassava's CEO goes on the offensive.\n\nSince bi","content":"<blockquote>\n <b>SAVA stock is down, but the rebound could be swift as Cassava's CEO goes on the offensive.</b>\n</blockquote>\n<p>Since biotechnology company&nbsp;<b><a href=\"https://laohu8.com/S/SAVA\">Cassava Sciences Inc</a></b> is working hard to fight Alzheimer’s disease, it might be surprising to know that the company has some harsh critics. There’s a lot of drama going on with Cassava, and SAVA stock traders need to be aware of the latest developments.</p>\n<p>Just to give you a primer, Cassava Sciences is developing an Alzheimer’s disease drugcalled simufilam. This drug is is Phase 3 ready in 2021, according to the company.</p>\n<p>More specifically, after an End-of-Phase 2 meeting with Food and Drug Administration, Cassava received two FDA Special Protocol Assessments for future Phase 3 studies with simufilam. So, until the recent drama started, things seemed to be running smoothly for Cassava Sciences.</p>\n<p>But, that’s how it goes in the markets sometimes. Today, we’ll try to sift through the rumor mill and extract the facts — and along the way, observe a swift and potent response from Cassava’s CEO.</p>\n<p><b>SAVA Stock at a Glance</b></p>\n<p>Generally speaking, biotechnology stocks are prone to bouts of volatility. When&nbsp;<b>Reddit</b>traders get involved, the volatility can be greatly amplified.</p>\n<p>SAVA stock is a perfect example of this. The share price started out near $7 in early January, but it seems that the short-squeeze crowd pushed it up to the $80 level in early February.</p>\n<p>After that rally fizzled, the share price retreated to $34 in April. Yet, the buyers were apparently just taking a breather as another run-up was about to commence.</p>\n<p>It was quite a memorable summer as SAVA stock rocketed to a 52-week high of $146.16 on July 28. Unfortunately, like the previous rally, this one wasn’t destined to last very long.</p>\n<p>Without a doubt, some scathing allegations against Cassava Sciences contributed to the share price’s decline below $50 in September.</p>\n<p>So, let’s delve into the back-and-forth between this fascinating biotech firm and its fierce detractors.</p>\n<p><b>A Whistle Is Blown</b></p>\n<p>Surely, it’s not a coincidence that SAVA stock tumbled immediately after a would-be whistle-blowerasked federal regulatorsto halt the clinical trials of simufilam.</p>\n<p>This was brought on by Jordan Thomas, a partner and chair of the whistle-blower representation practice at Labaton Sucharow.</p>\n<p>Thomas also happens to be a former Securities and Exchange Commission enforcement lawyer.</p>\n<p>Reportedly, Thomas’ firm posted a “statement of concern” on a U.S. government website.</p>\n<p>In it, the law firm raised “concerns about the quality and integrity of the laboratory-based studies surrounding this drug candidate.”</p>\n<p>The firm took issue with how simufilam was tested, claiming “a long-standing pattern of seemingly intentional data manipulation and misrepresentation in scientific papers and corporate disclosures.” Furthermore, the statement alleged that there was a “volume of problematic material uncovered in publicly available sources.”</p>\n<p>It even suggested the possibility of “scientific misconduct and data manipulation.”</p>\n<p><b>Short and Distort</b></p>\n<p>A potential rebound of SAVA stock will, to a certain extent, depend on Cassava Science’s ability to respond effectively to these allegations.</p>\n<p>The investors should be glad to know that the company’s CEO is standing up and fighting back.</p>\n<p>Chairman of the Board, President and CEO Remi Barbier swiftly issued apublic statementabout the matter.</p>\n<p>Barbier called the allegations “false,” but that was just the beginning. The CEO asserted, “Two days after issuing their report, the law firm disclosed that they represent clients who have a short position in Cassava stock.”</p>\n<p>In other words, Barbier is pointing out the firm’s alleged vested interest in publishing critical statements about Cassava Sciences.</p>\n<p>He called this tactic “short and distort,” and declared that “There is an enormous profit motive at work. As previously noted, after the allegations were made public, which is to say after the damage was done, the law firm issued a press release admitting its anonymous clients ‘hold short positions in Cassava stock.'”</p>\n<p>If what Barbier is saying is true, this would cast a dark shadow on the law firm’s motives. It would also call the veracity of the firm’s allegations into question.</p>\n<p><b>The Takeaway</b></p>\n<p>As you can see, things are getting interesting with Cassava Sciences. The investors will need to stay tuned to monitor how the drama unfolds.</p>\n<p>It’s possible that the worst-case scenario — halting the advancement of simufilam permanently — has already been priced into SAVA stock.</p>\n<p>And if that’s the case, then any good news could send the share price higher.</p>\n<p>In the meantime, keep your stock positions small, and always check for financial motives whenever you see whistle-blowers blowing whistles.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cassava Sciences Can Recover Despite Harsh Allegations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCassava Sciences Can Recover Despite Harsh Allegations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-22 17:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/09/cassava-sciences-sava-stock-can-recover-despite-harsh-allegations/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SAVA stock is down, but the rebound could be swift as Cassava's CEO goes on the offensive.\n\nSince biotechnology company Cassava Sciences Inc is working hard to fight Alzheimer’s disease, it might be ...</p>\n\n<a href=\"https://investorplace.com/2021/09/cassava-sciences-sava-stock-can-recover-despite-harsh-allegations/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SAVA":"Cassava Sciences Inc"},"source_url":"https://investorplace.com/2021/09/cassava-sciences-sava-stock-can-recover-despite-harsh-allegations/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113970291","content_text":"SAVA stock is down, but the rebound could be swift as Cassava's CEO goes on the offensive.\n\nSince biotechnology company Cassava Sciences Inc is working hard to fight Alzheimer’s disease, it might be surprising to know that the company has some harsh critics. There’s a lot of drama going on with Cassava, and SAVA stock traders need to be aware of the latest developments.\nJust to give you a primer, Cassava Sciences is developing an Alzheimer’s disease drugcalled simufilam. This drug is is Phase 3 ready in 2021, according to the company.\nMore specifically, after an End-of-Phase 2 meeting with Food and Drug Administration, Cassava received two FDA Special Protocol Assessments for future Phase 3 studies with simufilam. So, until the recent drama started, things seemed to be running smoothly for Cassava Sciences.\nBut, that’s how it goes in the markets sometimes. Today, we’ll try to sift through the rumor mill and extract the facts — and along the way, observe a swift and potent response from Cassava’s CEO.\nSAVA Stock at a Glance\nGenerally speaking, biotechnology stocks are prone to bouts of volatility. When Reddittraders get involved, the volatility can be greatly amplified.\nSAVA stock is a perfect example of this. The share price started out near $7 in early January, but it seems that the short-squeeze crowd pushed it up to the $80 level in early February.\nAfter that rally fizzled, the share price retreated to $34 in April. Yet, the buyers were apparently just taking a breather as another run-up was about to commence.\nIt was quite a memorable summer as SAVA stock rocketed to a 52-week high of $146.16 on July 28. Unfortunately, like the previous rally, this one wasn’t destined to last very long.\nWithout a doubt, some scathing allegations against Cassava Sciences contributed to the share price’s decline below $50 in September.\nSo, let’s delve into the back-and-forth between this fascinating biotech firm and its fierce detractors.\nA Whistle Is Blown\nSurely, it’s not a coincidence that SAVA stock tumbled immediately after a would-be whistle-blowerasked federal regulatorsto halt the clinical trials of simufilam.\nThis was brought on by Jordan Thomas, a partner and chair of the whistle-blower representation practice at Labaton Sucharow.\nThomas also happens to be a former Securities and Exchange Commission enforcement lawyer.\nReportedly, Thomas’ firm posted a “statement of concern” on a U.S. government website.\nIn it, the law firm raised “concerns about the quality and integrity of the laboratory-based studies surrounding this drug candidate.”\nThe firm took issue with how simufilam was tested, claiming “a long-standing pattern of seemingly intentional data manipulation and misrepresentation in scientific papers and corporate disclosures.” Furthermore, the statement alleged that there was a “volume of problematic material uncovered in publicly available sources.”\nIt even suggested the possibility of “scientific misconduct and data manipulation.”\nShort and Distort\nA potential rebound of SAVA stock will, to a certain extent, depend on Cassava Science’s ability to respond effectively to these allegations.\nThe investors should be glad to know that the company’s CEO is standing up and fighting back.\nChairman of the Board, President and CEO Remi Barbier swiftly issued apublic statementabout the matter.\nBarbier called the allegations “false,” but that was just the beginning. The CEO asserted, “Two days after issuing their report, the law firm disclosed that they represent clients who have a short position in Cassava stock.”\nIn other words, Barbier is pointing out the firm’s alleged vested interest in publishing critical statements about Cassava Sciences.\nHe called this tactic “short and distort,” and declared that “There is an enormous profit motive at work. As previously noted, after the allegations were made public, which is to say after the damage was done, the law firm issued a press release admitting its anonymous clients ‘hold short positions in Cassava stock.'”\nIf what Barbier is saying is true, this would cast a dark shadow on the law firm’s motives. It would also call the veracity of the firm’s allegations into question.\nThe Takeaway\nAs you can see, things are getting interesting with Cassava Sciences. The investors will need to stay tuned to monitor how the drama unfolds.\nIt’s possible that the worst-case scenario — halting the advancement of simufilam permanently — has already been priced into SAVA stock.\nAnd if that’s the case, then any good news could send the share price higher.\nIn the meantime, keep your stock positions small, and always check for financial motives whenever you see whistle-blowers blowing whistles.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":869550662,"gmtCreate":1632307929756,"gmtModify":1676530748286,"author":{"id":"3582285682937778","authorId":"3582285682937778","name":"neoh","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582285682937778","authorIdStr":"3582285682937778"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/869550662","repostId":1113970291,"repostType":4,"repost":{"id":"1113970291","kind":"news","pubTimestamp":1632304416,"share":"https://ttm.financial/m/news/1113970291?lang=&edition=fundamental","pubTime":"2021-09-22 17:53","market":"us","language":"en","title":"Cassava Sciences Can Recover Despite Harsh Allegations","url":"https://stock-news.laohu8.com/highlight/detail?id=1113970291","media":"InvestorPlace","summary":"SAVA stock is down, but the rebound could be swift as Cassava's CEO goes on the offensive.\n\nSince bi","content":"<blockquote>\n <b>SAVA stock is down, but the rebound could be swift as Cassava's CEO goes on the offensive.</b>\n</blockquote>\n<p>Since biotechnology company&nbsp;<b><a href=\"https://laohu8.com/S/SAVA\">Cassava Sciences Inc</a></b> is working hard to fight Alzheimer’s disease, it might be surprising to know that the company has some harsh critics. There’s a lot of drama going on with Cassava, and SAVA stock traders need to be aware of the latest developments.</p>\n<p>Just to give you a primer, Cassava Sciences is developing an Alzheimer’s disease drugcalled simufilam. This drug is is Phase 3 ready in 2021, according to the company.</p>\n<p>More specifically, after an End-of-Phase 2 meeting with Food and Drug Administration, Cassava received two FDA Special Protocol Assessments for future Phase 3 studies with simufilam. So, until the recent drama started, things seemed to be running smoothly for Cassava Sciences.</p>\n<p>But, that’s how it goes in the markets sometimes. Today, we’ll try to sift through the rumor mill and extract the facts — and along the way, observe a swift and potent response from Cassava’s CEO.</p>\n<p><b>SAVA Stock at a Glance</b></p>\n<p>Generally speaking, biotechnology stocks are prone to bouts of volatility. When&nbsp;<b>Reddit</b>traders get involved, the volatility can be greatly amplified.</p>\n<p>SAVA stock is a perfect example of this. The share price started out near $7 in early January, but it seems that the short-squeeze crowd pushed it up to the $80 level in early February.</p>\n<p>After that rally fizzled, the share price retreated to $34 in April. Yet, the buyers were apparently just taking a breather as another run-up was about to commence.</p>\n<p>It was quite a memorable summer as SAVA stock rocketed to a 52-week high of $146.16 on July 28. Unfortunately, like the previous rally, this one wasn’t destined to last very long.</p>\n<p>Without a doubt, some scathing allegations against Cassava Sciences contributed to the share price’s decline below $50 in September.</p>\n<p>So, let’s delve into the back-and-forth between this fascinating biotech firm and its fierce detractors.</p>\n<p><b>A Whistle Is Blown</b></p>\n<p>Surely, it’s not a coincidence that SAVA stock tumbled immediately after a would-be whistle-blowerasked federal regulatorsto halt the clinical trials of simufilam.</p>\n<p>This was brought on by Jordan Thomas, a partner and chair of the whistle-blower representation practice at Labaton Sucharow.</p>\n<p>Thomas also happens to be a former Securities and Exchange Commission enforcement lawyer.</p>\n<p>Reportedly, Thomas’ firm posted a “statement of concern” on a U.S. government website.</p>\n<p>In it, the law firm raised “concerns about the quality and integrity of the laboratory-based studies surrounding this drug candidate.”</p>\n<p>The firm took issue with how simufilam was tested, claiming “a long-standing pattern of seemingly intentional data manipulation and misrepresentation in scientific papers and corporate disclosures.” Furthermore, the statement alleged that there was a “volume of problematic material uncovered in publicly available sources.”</p>\n<p>It even suggested the possibility of “scientific misconduct and data manipulation.”</p>\n<p><b>Short and Distort</b></p>\n<p>A potential rebound of SAVA stock will, to a certain extent, depend on Cassava Science’s ability to respond effectively to these allegations.</p>\n<p>The investors should be glad to know that the company’s CEO is standing up and fighting back.</p>\n<p>Chairman of the Board, President and CEO Remi Barbier swiftly issued apublic statementabout the matter.</p>\n<p>Barbier called the allegations “false,” but that was just the beginning. The CEO asserted, “Two days after issuing their report, the law firm disclosed that they represent clients who have a short position in Cassava stock.”</p>\n<p>In other words, Barbier is pointing out the firm’s alleged vested interest in publishing critical statements about Cassava Sciences.</p>\n<p>He called this tactic “short and distort,” and declared that “There is an enormous profit motive at work. As previously noted, after the allegations were made public, which is to say after the damage was done, the law firm issued a press release admitting its anonymous clients ‘hold short positions in Cassava stock.'”</p>\n<p>If what Barbier is saying is true, this would cast a dark shadow on the law firm’s motives. It would also call the veracity of the firm’s allegations into question.</p>\n<p><b>The Takeaway</b></p>\n<p>As you can see, things are getting interesting with Cassava Sciences. The investors will need to stay tuned to monitor how the drama unfolds.</p>\n<p>It’s possible that the worst-case scenario — halting the advancement of simufilam permanently — has already been priced into SAVA stock.</p>\n<p>And if that’s the case, then any good news could send the share price higher.</p>\n<p>In the meantime, keep your stock positions small, and always check for financial motives whenever you see whistle-blowers blowing whistles.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cassava Sciences Can Recover Despite Harsh Allegations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCassava Sciences Can Recover Despite Harsh Allegations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-22 17:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/09/cassava-sciences-sava-stock-can-recover-despite-harsh-allegations/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SAVA stock is down, but the rebound could be swift as Cassava's CEO goes on the offensive.\n\nSince biotechnology company Cassava Sciences Inc is working hard to fight Alzheimer’s disease, it might be ...</p>\n\n<a href=\"https://investorplace.com/2021/09/cassava-sciences-sava-stock-can-recover-despite-harsh-allegations/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SAVA":"Cassava Sciences Inc"},"source_url":"https://investorplace.com/2021/09/cassava-sciences-sava-stock-can-recover-despite-harsh-allegations/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113970291","content_text":"SAVA stock is down, but the rebound could be swift as Cassava's CEO goes on the offensive.\n\nSince biotechnology company Cassava Sciences Inc is working hard to fight Alzheimer’s disease, it might be surprising to know that the company has some harsh critics. There’s a lot of drama going on with Cassava, and SAVA stock traders need to be aware of the latest developments.\nJust to give you a primer, Cassava Sciences is developing an Alzheimer’s disease drugcalled simufilam. This drug is is Phase 3 ready in 2021, according to the company.\nMore specifically, after an End-of-Phase 2 meeting with Food and Drug Administration, Cassava received two FDA Special Protocol Assessments for future Phase 3 studies with simufilam. So, until the recent drama started, things seemed to be running smoothly for Cassava Sciences.\nBut, that’s how it goes in the markets sometimes. Today, we’ll try to sift through the rumor mill and extract the facts — and along the way, observe a swift and potent response from Cassava’s CEO.\nSAVA Stock at a Glance\nGenerally speaking, biotechnology stocks are prone to bouts of volatility. When Reddittraders get involved, the volatility can be greatly amplified.\nSAVA stock is a perfect example of this. The share price started out near $7 in early January, but it seems that the short-squeeze crowd pushed it up to the $80 level in early February.\nAfter that rally fizzled, the share price retreated to $34 in April. Yet, the buyers were apparently just taking a breather as another run-up was about to commence.\nIt was quite a memorable summer as SAVA stock rocketed to a 52-week high of $146.16 on July 28. Unfortunately, like the previous rally, this one wasn’t destined to last very long.\nWithout a doubt, some scathing allegations against Cassava Sciences contributed to the share price’s decline below $50 in September.\nSo, let’s delve into the back-and-forth between this fascinating biotech firm and its fierce detractors.\nA Whistle Is Blown\nSurely, it’s not a coincidence that SAVA stock tumbled immediately after a would-be whistle-blowerasked federal regulatorsto halt the clinical trials of simufilam.\nThis was brought on by Jordan Thomas, a partner and chair of the whistle-blower representation practice at Labaton Sucharow.\nThomas also happens to be a former Securities and Exchange Commission enforcement lawyer.\nReportedly, Thomas’ firm posted a “statement of concern” on a U.S. government website.\nIn it, the law firm raised “concerns about the quality and integrity of the laboratory-based studies surrounding this drug candidate.”\nThe firm took issue with how simufilam was tested, claiming “a long-standing pattern of seemingly intentional data manipulation and misrepresentation in scientific papers and corporate disclosures.” Furthermore, the statement alleged that there was a “volume of problematic material uncovered in publicly available sources.”\nIt even suggested the possibility of “scientific misconduct and data manipulation.”\nShort and Distort\nA potential rebound of SAVA stock will, to a certain extent, depend on Cassava Science’s ability to respond effectively to these allegations.\nThe investors should be glad to know that the company’s CEO is standing up and fighting back.\nChairman of the Board, President and CEO Remi Barbier swiftly issued apublic statementabout the matter.\nBarbier called the allegations “false,” but that was just the beginning. The CEO asserted, “Two days after issuing their report, the law firm disclosed that they represent clients who have a short position in Cassava stock.”\nIn other words, Barbier is pointing out the firm’s alleged vested interest in publishing critical statements about Cassava Sciences.\nHe called this tactic “short and distort,” and declared that “There is an enormous profit motive at work. As previously noted, after the allegations were made public, which is to say after the damage was done, the law firm issued a press release admitting its anonymous clients ‘hold short positions in Cassava stock.'”\nIf what Barbier is saying is true, this would cast a dark shadow on the law firm’s motives. It would also call the veracity of the firm’s allegations into question.\nThe Takeaway\nAs you can see, things are getting interesting with Cassava Sciences. The investors will need to stay tuned to monitor how the drama unfolds.\nIt’s possible that the worst-case scenario — halting the advancement of simufilam permanently — has already been priced into SAVA stock.\nAnd if that’s the case, then any good news could send the share price higher.\nIn the meantime, keep your stock positions small, and always check for financial motives whenever you see whistle-blowers blowing whistles.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5972448,"gmtCreate":1632405916325,"gmtModify":1663234340243,"authorId":3582285682937778,"author":{"id":3582285682937778,"idStr":"3582285682937778","authorId":3582285682937778,"name":"neoh","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":869550662,"type":1,"supId":0,"prevId":0,"content":"<u>thanks</u>","text":"<u>thanks</u>","html":"<u>thanks</u>"}],"langContent":"EN"},{"id":869566698,"gmtCreate":1632305474414,"gmtModify":1676530747856,"author":{"id":"3561283969704258","authorId":"3561283969704258","name":"SG小鸭子","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3561283969704258","authorIdStr":"3561283969704258"},"htmlText":"Best!","listText":"Best!","text":"Best!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/869566698","repostId":1113970291,"repostType":4,"repost":{"id":"1113970291","kind":"news","pubTimestamp":1632304416,"share":"https://ttm.financial/m/news/1113970291?lang=&edition=fundamental","pubTime":"2021-09-22 17:53","market":"us","language":"en","title":"Cassava Sciences Can Recover Despite Harsh Allegations","url":"https://stock-news.laohu8.com/highlight/detail?id=1113970291","media":"InvestorPlace","summary":"SAVA stock is down, but the rebound could be swift as Cassava's CEO goes on the offensive.\n\nSince bi","content":"<blockquote>\n <b>SAVA stock is down, but the rebound could be swift as Cassava's CEO goes on the offensive.</b>\n</blockquote>\n<p>Since biotechnology company&nbsp;<b><a href=\"https://laohu8.com/S/SAVA\">Cassava Sciences Inc</a></b> is working hard to fight Alzheimer’s disease, it might be surprising to know that the company has some harsh critics. There’s a lot of drama going on with Cassava, and SAVA stock traders need to be aware of the latest developments.</p>\n<p>Just to give you a primer, Cassava Sciences is developing an Alzheimer’s disease drugcalled simufilam. This drug is is Phase 3 ready in 2021, according to the company.</p>\n<p>More specifically, after an End-of-Phase 2 meeting with Food and Drug Administration, Cassava received two FDA Special Protocol Assessments for future Phase 3 studies with simufilam. So, until the recent drama started, things seemed to be running smoothly for Cassava Sciences.</p>\n<p>But, that’s how it goes in the markets sometimes. Today, we’ll try to sift through the rumor mill and extract the facts — and along the way, observe a swift and potent response from Cassava’s CEO.</p>\n<p><b>SAVA Stock at a Glance</b></p>\n<p>Generally speaking, biotechnology stocks are prone to bouts of volatility. When&nbsp;<b>Reddit</b>traders get involved, the volatility can be greatly amplified.</p>\n<p>SAVA stock is a perfect example of this. The share price started out near $7 in early January, but it seems that the short-squeeze crowd pushed it up to the $80 level in early February.</p>\n<p>After that rally fizzled, the share price retreated to $34 in April. Yet, the buyers were apparently just taking a breather as another run-up was about to commence.</p>\n<p>It was quite a memorable summer as SAVA stock rocketed to a 52-week high of $146.16 on July 28. Unfortunately, like the previous rally, this one wasn’t destined to last very long.</p>\n<p>Without a doubt, some scathing allegations against Cassava Sciences contributed to the share price’s decline below $50 in September.</p>\n<p>So, let’s delve into the back-and-forth between this fascinating biotech firm and its fierce detractors.</p>\n<p><b>A Whistle Is Blown</b></p>\n<p>Surely, it’s not a coincidence that SAVA stock tumbled immediately after a would-be whistle-blowerasked federal regulatorsto halt the clinical trials of simufilam.</p>\n<p>This was brought on by Jordan Thomas, a partner and chair of the whistle-blower representation practice at Labaton Sucharow.</p>\n<p>Thomas also happens to be a former Securities and Exchange Commission enforcement lawyer.</p>\n<p>Reportedly, Thomas’ firm posted a “statement of concern” on a U.S. government website.</p>\n<p>In it, the law firm raised “concerns about the quality and integrity of the laboratory-based studies surrounding this drug candidate.”</p>\n<p>The firm took issue with how simufilam was tested, claiming “a long-standing pattern of seemingly intentional data manipulation and misrepresentation in scientific papers and corporate disclosures.” Furthermore, the statement alleged that there was a “volume of problematic material uncovered in publicly available sources.”</p>\n<p>It even suggested the possibility of “scientific misconduct and data manipulation.”</p>\n<p><b>Short and Distort</b></p>\n<p>A potential rebound of SAVA stock will, to a certain extent, depend on Cassava Science’s ability to respond effectively to these allegations.</p>\n<p>The investors should be glad to know that the company’s CEO is standing up and fighting back.</p>\n<p>Chairman of the Board, President and CEO Remi Barbier swiftly issued apublic statementabout the matter.</p>\n<p>Barbier called the allegations “false,” but that was just the beginning. The CEO asserted, “Two days after issuing their report, the law firm disclosed that they represent clients who have a short position in Cassava stock.”</p>\n<p>In other words, Barbier is pointing out the firm’s alleged vested interest in publishing critical statements about Cassava Sciences.</p>\n<p>He called this tactic “short and distort,” and declared that “There is an enormous profit motive at work. As previously noted, after the allegations were made public, which is to say after the damage was done, the law firm issued a press release admitting its anonymous clients ‘hold short positions in Cassava stock.'”</p>\n<p>If what Barbier is saying is true, this would cast a dark shadow on the law firm’s motives. It would also call the veracity of the firm’s allegations into question.</p>\n<p><b>The Takeaway</b></p>\n<p>As you can see, things are getting interesting with Cassava Sciences. The investors will need to stay tuned to monitor how the drama unfolds.</p>\n<p>It’s possible that the worst-case scenario — halting the advancement of simufilam permanently — has already been priced into SAVA stock.</p>\n<p>And if that’s the case, then any good news could send the share price higher.</p>\n<p>In the meantime, keep your stock positions small, and always check for financial motives whenever you see whistle-blowers blowing whistles.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cassava Sciences Can Recover Despite Harsh Allegations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCassava Sciences Can Recover Despite Harsh Allegations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-22 17:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/09/cassava-sciences-sava-stock-can-recover-despite-harsh-allegations/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SAVA stock is down, but the rebound could be swift as Cassava's CEO goes on the offensive.\n\nSince biotechnology company Cassava Sciences Inc is working hard to fight Alzheimer’s disease, it might be ...</p>\n\n<a href=\"https://investorplace.com/2021/09/cassava-sciences-sava-stock-can-recover-despite-harsh-allegations/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SAVA":"Cassava Sciences Inc"},"source_url":"https://investorplace.com/2021/09/cassava-sciences-sava-stock-can-recover-despite-harsh-allegations/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113970291","content_text":"SAVA stock is down, but the rebound could be swift as Cassava's CEO goes on the offensive.\n\nSince biotechnology company Cassava Sciences Inc is working hard to fight Alzheimer’s disease, it might be surprising to know that the company has some harsh critics. There’s a lot of drama going on with Cassava, and SAVA stock traders need to be aware of the latest developments.\nJust to give you a primer, Cassava Sciences is developing an Alzheimer’s disease drugcalled simufilam. This drug is is Phase 3 ready in 2021, according to the company.\nMore specifically, after an End-of-Phase 2 meeting with Food and Drug Administration, Cassava received two FDA Special Protocol Assessments for future Phase 3 studies with simufilam. So, until the recent drama started, things seemed to be running smoothly for Cassava Sciences.\nBut, that’s how it goes in the markets sometimes. Today, we’ll try to sift through the rumor mill and extract the facts — and along the way, observe a swift and potent response from Cassava’s CEO.\nSAVA Stock at a Glance\nGenerally speaking, biotechnology stocks are prone to bouts of volatility. When Reddittraders get involved, the volatility can be greatly amplified.\nSAVA stock is a perfect example of this. The share price started out near $7 in early January, but it seems that the short-squeeze crowd pushed it up to the $80 level in early February.\nAfter that rally fizzled, the share price retreated to $34 in April. Yet, the buyers were apparently just taking a breather as another run-up was about to commence.\nIt was quite a memorable summer as SAVA stock rocketed to a 52-week high of $146.16 on July 28. Unfortunately, like the previous rally, this one wasn’t destined to last very long.\nWithout a doubt, some scathing allegations against Cassava Sciences contributed to the share price’s decline below $50 in September.\nSo, let’s delve into the back-and-forth between this fascinating biotech firm and its fierce detractors.\nA Whistle Is Blown\nSurely, it’s not a coincidence that SAVA stock tumbled immediately after a would-be whistle-blowerasked federal regulatorsto halt the clinical trials of simufilam.\nThis was brought on by Jordan Thomas, a partner and chair of the whistle-blower representation practice at Labaton Sucharow.\nThomas also happens to be a former Securities and Exchange Commission enforcement lawyer.\nReportedly, Thomas’ firm posted a “statement of concern” on a U.S. government website.\nIn it, the law firm raised “concerns about the quality and integrity of the laboratory-based studies surrounding this drug candidate.”\nThe firm took issue with how simufilam was tested, claiming “a long-standing pattern of seemingly intentional data manipulation and misrepresentation in scientific papers and corporate disclosures.” Furthermore, the statement alleged that there was a “volume of problematic material uncovered in publicly available sources.”\nIt even suggested the possibility of “scientific misconduct and data manipulation.”\nShort and Distort\nA potential rebound of SAVA stock will, to a certain extent, depend on Cassava Science’s ability to respond effectively to these allegations.\nThe investors should be glad to know that the company’s CEO is standing up and fighting back.\nChairman of the Board, President and CEO Remi Barbier swiftly issued apublic statementabout the matter.\nBarbier called the allegations “false,” but that was just the beginning. The CEO asserted, “Two days after issuing their report, the law firm disclosed that they represent clients who have a short position in Cassava stock.”\nIn other words, Barbier is pointing out the firm’s alleged vested interest in publishing critical statements about Cassava Sciences.\nHe called this tactic “short and distort,” and declared that “There is an enormous profit motive at work. As previously noted, after the allegations were made public, which is to say after the damage was done, the law firm issued a press release admitting its anonymous clients ‘hold short positions in Cassava stock.'”\nIf what Barbier is saying is true, this would cast a dark shadow on the law firm’s motives. It would also call the veracity of the firm’s allegations into question.\nThe Takeaway\nAs you can see, things are getting interesting with Cassava Sciences. The investors will need to stay tuned to monitor how the drama unfolds.\nIt’s possible that the worst-case scenario — halting the advancement of simufilam permanently — has already been priced into SAVA stock.\nAnd if that’s the case, then any good news could send the share price higher.\nIn the meantime, keep your stock positions small, and always check for financial motives whenever you see whistle-blowers blowing whistles.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":47,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}