CASSAVA SCIENCES CLEARED IN FRAUD CASE, RISKS REMAIN
A U.S. court dismissed fraud charges against Hoau-Yan Wang, Cassava’s ex-adviser, over alleged NIH grant data fabrication tied to Alzheimer’s drug simufilam. While the ruling ends criminal proceedings, SEC civil actions and investor suits persist, keeping pressure on Cassava’s credibility and Phase 3 outlook. The verdict offers relief but not full redemption for the embattled biotech.