Stock Track | Cassava Sciences Inc. (SAVA) Soars 8.5% in Pre-Market Amid Rebound From Massive Plunge

Stock Track

Nov 26, 2024

Cassava Sciences Inc. (SAVA) stock surged 8.5% in the pre-market trading session on Tuesday, rebounding from a massive 84% plunge on Friday. The biotech firm's shares had plummeted after disappointing results from a late-stage trial of its experimental Alzheimer's disease drug Simufilam.

The Phase 3 trial failed to meet its co-primary endpoints of cognitive and functional improvement in patients with mild-to-moderate Alzheimer's disease. Simufilam did not show a significant reduction in cognitive or functional decline compared to a placebo during the 52-week study.

Despite the rebound, Cassava Sciences' stock remains well below its pre-trial levels as investors digest the implications of the failed drug trial. The company's future prospects now hinge on its ability to develop alternative treatments or pivot its research focus.

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(SAVA) stock surged 8.5% in the pre-market trading session on Tuesday, rebounding from a massive 84% plunge on Friday. The biotech firm's shares had plummeted after disappointing results from a late-stage trial of its experimental Alzheimer's disease drug Simufilam.</p>\n\n<p>The Phase 3 trial failed to meet its co-primary endpoints of cognitive and functional improvement in patients with mild-to-moderate Alzheimer's disease. Simufilam did not show a significant reduction in cognitive or functional decline compared to a placebo during the 52-week study.</p>\n\n<p>Despite the rebound, Cassava Sciences' stock remains well below its pre-trial levels as investors digest the implications of the failed drug trial. 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(SAVA) Soars 8.5% in Pre-Market Amid Rebound From Massive Plunge\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-11-26 17:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Cassava Sciences Inc. (SAVA) stock surged 8.5% in the pre-market trading session on Tuesday, rebounding from a massive 84% plunge on Friday. The biotech firm's shares had plummeted after disappointing results from a late-stage trial of its experimental Alzheimer's disease drug Simufilam.</p>\n\n<p>The Phase 3 trial failed to meet its co-primary endpoints of cognitive and functional improvement in patients with mild-to-moderate Alzheimer's disease. Simufilam did not show a significant reduction in cognitive or functional decline compared to a placebo during the 52-week study.</p>\n\n<p>Despite the rebound, Cassava Sciences' stock remains well below its pre-trial levels as investors digest the implications of the failed drug trial. The company's future prospects now hinge on its ability to develop alternative treatments or pivot its research focus.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SAVA","symbol_name":"Cassava Sciences Inc","start_time":0,"source_url":"","article_id":"1132352449","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1132352449","pubTimestamp":1732611759,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Cassava Sciences Inc.  stock surged 8.5% in the pre-market trading session on Tuesday, rebounding from a massive 84% plunge on Friday. 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