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Let’s recap a wild week for Cassava Sciences

Cassava Sciences company logo icon on website. -- biotech coverage from STAT

On Friday, the Justice Department charged the company’s chief scientific collaborator and paid consultant, Hoau-Yan Wang, with multiple counts of  fraud. According to the indictment, Wang, a professor at City University of New York, fabricated and falsified data pertaining to Cassava’s drug for Alzheimer’s disease, called simufilam, in order to obtain $16 million in grants from the National Institutes of Health for himself and Cassava.

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