Shares of Cassava Sciences (NASDAQ: SAVA) rocketed higher last week in response to compelling results from a clinical trial with sumifilam, an experimental treatment for Alzheimer's patients. This disease affects roughly one in 10 adults over 65, and there still aren't any effective treatment options that curtail its progression.
Recently released results from a midstage clinical trial with mild to moderate stage Alzheimer's disease (AD) patients are compelling, but we've been here before. Here's what investors should know about sumifilam, the potential new AD drug from Cassava Sciences, and potential pitfalls the company's peers have stumbled into before.
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