Cassava Sciences Settles $31.25 Million Securities Class Action Litigation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 23 2025
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Source: Globenewswire
- Settlement Agreement: Cassava Sciences has reached a definitive agreement to pay $31.25 million to resolve a securities class action lawsuit that has been ongoing since 2021, allowing the company to focus on the development of simufilam and enhance its competitive position in CNS disorder treatments.
- Legal Risk Mitigation: The settlement will release all claims related to the litigation without admitting any wrongdoing, which helps to reduce future legal risks and improve investor confidence in the company's operations.
- Financial Provisioning: Cassava fully reserved a loss contingency of $31.25 million in Q2 2025 to address the settlement, ensuring financial transparency and protecting shareholder interests amid ongoing litigation.
- R&D Focus: By resolving this legacy litigation, Cassava can redirect resources towards clinical research for simufilam, with plans for a Phase 2 proof-of-concept study targeting TSC-related epilepsy, further driving innovation in the biotechnology sector.
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About SAVA
Cassava Sciences, Inc. is a clinical-stage biopharmaceutical company focused on developing novel, investigational treatments for central nervous system disorders, including Alzheimer’s disease and tuberous sclerosis complex (TSC)-related seizures. The Company's science is based on stabilizing, but not removing, a critical protein in the brain for patients with disorders such as Alzheimer’s disease or TSC. It has two biopharmaceutical assets under development: Simufilam and SavaDx. Simufilam, its lead therapeutic product candidate, is an oral treatment for Alzheimer’s disease and TSC-related epilepsy. Simufilam targets an altered form of a protein called filamin A (FLNA) in the brain of patients with disorders such as Alzheimer’s disease or TSC. SavaDx, its lead investigational diagnostic product candidate, early-stage program focused on detecting the presence of Alzheimer’s disease from a small sample of blood.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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