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Stock impact report

Cassava Sciences: New Year, Same Game Of Smoke And Mirrors [Seeking Alpha]

Cassava Sciences, Inc. (SAVA) 
Last cassava sciences, inc. earnings: 8/12 08:30 am Check Earnings Report
Company Research Source: Seeking Alpha
The company's research and development expenses increased to $89.4m in 2023. Cassava's CEO remains optimistic about the Phase 3 program of its drug candidate, simufilam, for Alzheimer's disease. Investors will doubtless be familiar with the massive share price swings and battles between shorts and longs that dictate their direction. In this post I recap the history, update on latest developments, and offer some thoughts as to whether simufilam has any chance of meeting endpoints in its 1,000 patient rethink-alz and refocus-alz studies. Rethink data may become available this year. Investment Overview Cassava Sciences, Inc. NASDAQ: SAVA released its full year 2023 earnings and corporate updates on February 28th this year. The company reported $121.1m of cash, and a net loss for the year of $(97.2m), or $(2.32) per share, up from $(76.2m), or $(1.9) per share in the prior year. Research and development expenses were $89.4m, compared to $68m in 2022, and the company forecas Show less Read more
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