Cassava Sciences (SAVA) Stock: Why It Increased 35.65%

By Amit Chowdhry ● Sep 23, 2022
  • The stock price of Cassava Sciences (SAVA) increased by 35.65% in the most recent trading session. This is why.

The stock price of Cassava Sciences (SAVA) increased by 35.65% in the most recent trading session. 

Why: The SEC reportedly recommended closing an investigation into the company, according to Seeking Alpha. Seeking Alpha obtained the SEC filing via FOIA request.

Background: Back in July, it was revealed that the U.S. Justice Department opened a criminal investigation into Cassava Sciences into whether the company manipulated research results for its experimental Alzheimer’s drug simufilam.