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Cassava, Former Execs, Scientist To Pay Over $40m To Settle SEC Charges

 
• By Alaric DeArment

The charges stemmed from allegations of manipulation of Phase II data for the Alzheimer’s disease drug simufilam.

• Source: Shutterstock

Federal regulators filed charges against Cassava Sciences, Inc. over allegations that it manipulated data for the Alzheimer’s disease drug simufilam and misled investors, and Cassava, two former executives and a scientist affiliated with the company have agreed to pay penalties to settle the charges.

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