Biotech Stocks Fluctuate Post-Market: Delcath Gains from Buyback, BioVie and Cassava Recover
Delcath Systems' Buyback Announcement: Delcath Systems saw a 4.02% increase in after-hours trading to $8.52 following the announcement of a $25 million share repurchase program, indicating confidence in its long-term outlook.
BioVie Inc. Gains Despite No News: BioVie Inc. rose 13.39% to $1.44 in extended trading, rebounding from a decline during the regular session, with the increase attributed to speculative trading rather than new company-specific news.
Cassava Sciences' After-Hours Rally: Cassava Sciences advanced 9.17% to $2.87 after hours, recovering from a regular session drop, as investors reacted to its recent Q3 results showing a reduced net loss and significant cash reserves.
Enlivex Therapeutics' Modest Increase: Enlivex Therapeutics experienced a 4.24% rise to $0.95 in after-hours trading, despite no new developments reported on Thursday.
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Cassava Technologies and AXON Networks Form Strategic Partnership
- Strategic Partnership Announcement: Cassava Technologies and AXON Networks unveiled their strategic partnership at the Counder Conference in Cape Town, aiming to co-develop Africa's first end-to-end Operator-as-a-Service (OaaS) platform to drive digital transformation through AI-driven network solutions.
- Infrastructure Enhancement: The OaaS platform will leverage Cassava's extensive 110,000 km fiber network to deliver secure, high-speed data infrastructure, significantly enhancing the agility and intelligence of mobile network operators and ISPs, thereby fostering economic growth and innovation.
- AI-Driven Digital Twin Technology: AXON's Digital Twin technology will transform networks into self-learning, self-optimizing systems, reducing operational complexity, accelerating service delivery, and ensuring resilient connectivity at scale, thus providing customers with more efficient service experiences.
- Market Potential Unleashed: This collaboration will not only provide a robust digital foundation for African businesses but also promote widespread AI adoption, helping enterprises gain competitive advantages in the global market and showcasing Africa's immense potential in the digital economy.

Cassava Sciences Faces Shareholder Rights Investigation by Halper Sadeh LLC
- Shareholder Rights Investigation: Halper Sadeh LLC is investigating whether certain officers and directors of Cassava Sciences, Inc. breached their fiduciary duties to shareholders, potentially impacting corporate governance and shareholder rights.
- Legal Relief Options: Long-term shareholders of Cassava stock may have the opportunity to seek corporate governance reforms, return of funds, or court-approved financial incentive awards, which could directly affect shareholder financial interests and company transparency.
- Importance of Participation: Shareholder involvement can help improve company policies and oversight mechanisms, thereby enhancing management efficiency and transparency, ultimately increasing shareholder value.
- Global Investor Representation: Halper Sadeh LLC represents investors worldwide who have fallen victim to securities fraud and corporate misconduct, having successfully implemented corporate reforms and recovered millions for defrauded investors, demonstrating its capability in protecting investor rights.









