On June 28, 2024, Cassava Sciences is facing significant scrutiny as their former science advisor, Hoau-Yan Wang, has been indicted on fraud charges. The indictment highlights the critical importance of transparency in scientific research. QCM emphasized their commitment to exposing fraud and protecting public interests. The company has been under fire for its $SAVA Alzheimer's clinical trials, with many calling for the FDA to halt these trials due to concerns over the validity of the research data. The controversy has led to a sharp decline in Cassava Sciences' stock price, which now stands at a market capitalization of $600 million. Critics argue that the ongoing trials are exposing patients to potentially ineffective treatments based on allegedly fraudulent research.
Cassava Sciences shares fall after onetime advisor indicted on fraud charges https://t.co/d35ImJWAiV
$SAVA tragic. Respect to who took on personal risk to challenge the suspect data. Stunned that FDA has been allowing the (futile) trials to go on and have patients being exposed to a drug based on apparently fraudulent research. Stunned this still has a $600M MC. https://t.co/VrL2YjxFwA
Who is surprised that the blatant fraud behind Cassava’s Alzheimer’s treatment has led to criminal charges? Why didn’t our Field call this out more? How many hundreds of patients have been hurt by involvement in their useless trials? https://t.co/ubYpnHT3W8
From October 2023: It’s time for the FDA to halt Cassava Sciences’ $SAVA Alzheimer’s clinical trials https://t.co/JT8GWVgbJu
Cassava Sciences Issues Statement on Former Science Advisor $SAVA https://t.co/6HTxOXwC9Q
https://t.co/BrqELXWGRb Today's indictment of Cassava Sciences' adviser Hoau-Yan Wang underscores the critical importance of transparency in scientific research. At QCM, we stand firm in our commitment to exposing fraud and protecting public interests. Our efforts to bring truth…
Hey FDA — you think now might be a good time to halt the $SAVA clinical trials? So much damage has already been done to desperate Alzheimer’s patients, why put them through even more punishment?
$SAVA is done, and we don’t even have to wait for the inevitable phase 3 failure.