by Daniel Webster, dWeb.News Publisher
SAN DIEGO, Oct. 09, 2021 (GLOBE NEWSWIRE) — Shareholder rights law firm Johnson Fistel, LLP announces that purchasers of Cassava Sciences, Inc. (“Cassava” or the “Company”) (NASDAQ: SAVA) between September 14, 2020 and August 27, 2021, have until October 26, 2021, to file a lead plaintiff motion.
According to the filed complaint: (a) the quality and integrity of the scientific data supporting Cassava’s claims for simufilam’s, a small molecule drug designed to treat Alzheimer’s disease, efficacy had been overstated; (b) the scientific data supporting Cassava’s claims for simufilam’s efficacy were biased; and (c) as a result of the foregoing, Defendants’ positive statements during the Class Period about the Company’s business metrics and financial prospects and the likelihood of Food and Drug Administration approval were false and misleading and lacked a reasonable basis.
The lead plaintiff will represent all class members when directing the Casava class action lawsuit. To litigate the class action lawsuit, the lead plaintiff may choose any law firm it wishes. The ability of an investor to share in any future Casava class action lawsuit recovery is not tied to being the lead plaintiff.
If you suffered a substantial loss and are interested in learning more about being a lead plaintiff, please contact Jim Baker (firstname.lastname@example.org) by email or phone at 619-814-4471. Please include your phone number if you are emailing.
Additionally, you can [click here to join this action]. There are no costs or obligations.
Johnson Fistel LLP:
Johnson Fistel LLP is a nationally-recognized shareholder rights law firm, with offices in California and New York. The firm represents institutional and individual investors in shareholder derivative lawsuits and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Advertising for attorneys. Past results are not indicative of future outcomes.
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