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SAN DIEGO, Oct 09, 2021 (GLOBE NEWSWIRE) – Shareholder rights law firm Johnson Fistel, LLP announces that buyers 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 request as principal applicant.
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According to the complaint filed: (a) the quality and integrity of the scientific data supporting Cassava’s claims for simufilam, a small molecule drug designed to treat Alzheimer’s disease, the efficacy had been overestimated; (b) the scientific data supporting cassava’s claims regarding the efficacy of simufilam were biased; and (c) as a result of the foregoing, the Defendants’ positive statements during the Class Period regarding the Company’s business actions and financial prospects and the likelihood of Food and Drug Administration approval were untrue and misleading and lacked a reasonable basis.
A principal plaintiff will act on behalf of all other class members to conduct the Casava class action lawsuit. The principal plaintiff can choose a law firm of their choice to litigate the class action. The ability of an investor to share any possible future recovery of the Casava class action suit does not depend on its status as principal plaintiff.
If you have suffered a substantial loss and would like to learn more about how to be a principal applicant, please contact Jim Baker ([email protected]) by email or by phone at 619-814-4471. If you are sending an email, please include a phone number.
In addition, you can [click here to join this action]. There is no cost or obligation for you.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in class actions between shareholders and derivatives. For more information about the firm and its lawyers, please visit http://www.johnsonfistel.com. Lawyer advertising. Past results do not guarantee future results.