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Stock impact report

Cassava Sciences Reports First Quarter 2019 Financial Results

Cassava Sciences, Inc. (SAVA) 
Last cassava sciences, inc. earnings: 8/12 08:30 am Check Earnings Report
Company Research Source: GlobeNewswire
AUSTIN, Texas, April 29, 2019 (GLOBE NEWSWIRE) -- Cassava Sciences, Inc. (Nasdaq: SAVA), a biopharmaceutical company, today reported financial results for the first quarter ended March 31, 2019.  Net loss was $1.4 million, or $0.08 per share.  This compared to a net loss of $2.2 million, or $0.33 per share, for the same period in the prior year.  Cash and cash equivalents were $19.1 million as of March 31, 2019.  The Company has no debt.  Cassava Sciences utilized $0.7 million of cash during the first quarter of 2019 and expects cash use to be $5.0 - $6.0 million for full year 2019. “As we enter 2019, our financial expectations reflect a thoughtful balance between maintaining fiscal discipline and advancing our series of product candidates aimed at Alzheimer’s disease”, said Remi Barbier, President & CEO.  “One thing that won’t change is our focus on developing potential breakthrough innovations and an unwavering dedication to improve people’s lives. This emphasis has characterized Show less Read more
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